A recent poll conducted on Hunch, a social discovery app, sheds light on the rapidly evolving shopping habits of consumers The fashion industry has experienced a significant paradigm shift, propelled by the digital revolution that has reshaped the way people shop. With a plethora of online platforms now available, buyers and sellers are no longer […]
ICRA estimates the food and beverages inflation to cross the 8.0 per cent mark this month The International Credit Rating Agency (ICRA) expects consumer price index inflation to grow at 5.0-5.2 per cent in May 2024. Data released by the Department of Consumer Affairs (DCA) indicates a mixed trend in retail food prices in May […]
Projections indicate a substantial growth trajectory for the Fashion Market, with revenues expected to surge to USD 14.68 billion in 2024 and maintain a robust annual growth rate of 10.65 per cent through 2029 As the scorching Indian summers reach their peak, the nation’s fashion brands and ecommerce platforms are poised to deliver the best […]
The proposal aims to address the fallout from Singapore and Hong Kong’s decision to recall certain spice mixes originating from India, citing pesticide residue levels exceeding permissible limits In the wake of recent recalls of popular Indian spice brands by authorities in Hong Kong and Singapore due to pesticide residue concerns, the Food Safety and […]
The data collected from selected urban markets and villages across all states and union territories highlights a comprehensive representation of the consumer price trends India witnessed a moderation in its retail inflation rate for the month of April 2024. According to the latest figures released by the Ministry of Statistics and Programme Implementation (MoSPI), the […]
Consumer sentiment has further strengthened and surged 2.8 percentage points in March 2024 for urban Indians, according to the monthly the LSEG-Ipsos Primary Consumer Sentiment Index (PCSI). Each month, Ipsos tracks attitudes of consumers in 29 markets on the current and future state of their local economy, their personal financial situation, the employment climate, and […]
The direct selling industry in India has registered growth of more than 12 per cent, on a yearly basis, with the gross industry turnover at Rs 21,282 crore in 2022-23, according to an annual survey report released by the Indian Direct Selling Association (IDSA) on Wednesday. By definition, direct sales are sales that occur between […]
Target, a mass-merchandise retailer, is likely to post lower Christmas quarter same-store sales, its third straight quarterly loss, on Tuesday. However, investors believe the store, which sells anything from USD 5 cami tops and USD 25 shorts to USD 100 coffee makers, will be able to increase sales and profits in 2024 as inflation eases, giving buyers more motivation […]
The Household Consumption Expenditure Survey reveals a shift in spending patterns among Indians, with a decrease in expenditure on essential staples like rice and wheat and an increase in discretionary items such as processed foods, along with durable goods like televisions and refrigerators. According to the data, average rural consumer spending has surged to Rs […]
The second half of the fiscal year (January to June 24) is expected to witness continued strong growth in India Pernod Ricard reported a 4 per cent growth in sales during the first half of the current financial year. The company’s fiscal year follows the July to June cycle and its latest earnings statement highlights […]
