A look into the headlines that caught the reader’s interest most in the year gone.
India’s Ecommerce Logistics Market All Set To Witness Exponential Growth
India’s logistics sector has emerged as a market differentiator, with an increasing emphasis on efficiency and visibility within the supply chain. Recently, India made significant progress on the World Bank’s Logistics Performance Index (LPI) in 2023, climbing six places to reach the 38th position among 139 countries.
Diwali Gifting Trends Shift Towards Sustainability Choices
During this year’s Diwali festivities, there was a noticeable shift towards a more environmentally friendly spirit, with companies actively choosing sustainable and eco-friendly gifts for their employees which rose from 1 per cent to 10 per cent over five years.
Black Friday Sales Surge In India, Electronics Take Center Stage
Across the country, retailers have witnessed a substantial increase in online purchasing during the last Black Friday. A significant surge in demand for audio and other electronic products that were gaining more sales share.
Clearing Smog Post Diwali: Air Purifier Market Sees Seasonal Surge
After the Diwali celebrations, the national capital of Delhi had a large breach of the fireworks prohibition, resulting in a heavy layer of haze covering the city the next day. This prompted consumers to purchase air purifiers later on, resulting in a rise in purifier sales.
Inefficiencies In Cold Supply Chain Lead To Wastage During Festive Season
The festive season witnessed a spike in wastage due to the inefficiencies in the cold supply chain and the sheer volume of perishables in transit. The challenge extends beyond efficient storage and transportation. Strengthening last-mile deliveries for temperature-sensitive perishables, especially for smaller volumes, becomes paramount.
FNP May Go Public By 2025 Amid Rapid Expansion
Ferns N Petals (FNP), the leading gifting brand in India, is considering the possibility of going public with an Initial Public Offering (IPO) by 2025, while also evaluating the prospect of securing additional funding in 2024.
D2C Brands Tap Into Growing Purchasing Power In Smaller Cities
During the pandemic, with half of the retail stores shut, many people believed that even after the end of Covid-19 the retail stores would not have as much value as they held before because people started shopping online. But, the country could not have been more wrong as the direct-to-consumer (D2C) retail brands in India are recognising the immense potential in tier 2 and tier 3 cities and are actively expanding their presence in offline retail by opening stores.
Electronics Dominates Amazon’s Great Indian Festival Shopping Trends
The festive season is that one time of the year when customers from every part of the country are looking for various products to buy and ecommerce marketplaces witnessed a surge in demand.
For large appliances, 44 per cent wanted to buy mobiles and smartphones. Additionally, 40 per cent of respondents intended to buy grocery items, home and kitchen products and apparel.
3.16 Cr MSMEs Registered In India Between July 2020- 4 December 2023: Govt
A total of 3,16,05,581 Micro Small and Medium Enterprises (MSMEs) were registered in India between July 1, 2020, and December 4, 2023, the Central government told the Rajya Sabha.
Shein To Make Comeback In India With Reliance Retail
After being blacklisted in 2020, Shein, the Chinese fast fashion giant, will make a return in India via a partnership with Reliance Retail. The Indian government has given the nod to the partnership.
L’Opera To Open Art Café, Bringing Together Art And Coffee In Unique Experience
The famous French bakery L’Opera expanding in India. In the future, it will organise musical and literary events in its Art Cafés and thus enrich both the artistic as well as culinary landscape in the country.
Lee And Wrangler Sees 130 per cent Growth In India
Lee and Wrangler, both American denim and casual lifestyle apparel brand, has seen over 130 per cent year-on-year (YoY) growth for the financial year (FY) 2023 in India.
Parle Sets Ambitious Targets, Aiming for 12-15 per cent Increase In Revenue
Parle, the well-known biscuit manufacturer, has described its ambitious plans for the upcoming months, concentrating on both consolidation and expansion. The company is targeting a double-digit growth rate of 12 to 15 per cent for the coming year.
Vijay Sales Expects 50 per cent YoY Growth In Wearables Segment, Eyes Online Sales Boost
Vijay Sales, a consumer electronics retailer’s a major growth driver in the kitchen segment, following the wearables segments which include smartwatches, fitness trackers and other wearable devices. The company is expecting to grow 50 per cent YoY in its wearables segments in this fiscal year.
iPhone 15 Series Goes On Sale In India, Long Queues of Customers Seen Outside Apple Stores
Apple’s much-anticipated iPhone 15 series as well as the Apple Watch Series 9 and Watch Ultra 2 was put on the shelves. Long queues of people were seen outside the Apple store at Mumbai’s BKC – India’s first Apple store. People were also seen standing outside the Apple Store at Delhi’s Select Citywalk Mall in Saket.
Abundant Business Opportunities Await In India’s Growing Market
India’s vast and expanding market is undisputed and has opportunities for nearly all types of industrial activity and services. The Indian market is far from reaching saturation indicating that there are ample opportunities for new initiatives in almost all areas of business.
Pilot Pen Enters India As Sole Entity, Invests USD 85.5 Mn In Own Manufacturing Unit
Pilot Pen, the well-known pen brand in the premium functional category said that it is entering as a sole entity in India and dissolved its partnership with a popular Indian brand of writing instruments. The brand invested about USD 85.5 million in setting up the new manufacturing unit in Manesar.
Despite Challenges Beauty Brands Anticipate Record Sales During Wedding Season
The beauty brands have high expectations for this year’s wedding season in India, as it leads to more cosmetics sales. The brands have experienced a substantial surge in sales and heightened demand within the beauty segment. However, the sector faces challenges amid the peak times.
Ice Cream Brands Innovate To Meet Winter Demand During Festive Season
Most of the ice cream brands have reported good sales because of the high demand during summer. However, as winter approaches with the advent of the festive season in India, the demand for ice cream is going to be lower. Amid the lower demand for frozen desserts and the festive season, the companies have various strategies under their sleeves.
Dhanteras Shopping Trends Evolve, Smartphones And Electronics Gain Popularity
During this festive season, a notable surge in customer interest and purchases of home entertainment and day-to-day household appliances, which include Smart LED TVs, Speakers, Washing Machines and Dishwashers has been observed.
70-72 per cent of PC Transactions Still Remains In Physical Stores
In today’s landscape, there’s a perception that ecommerce is on the rise, but the facts tell a different story. Bricks and mortars remain a very important part of the electronics market. Reports indicate that 54 per cent of consumers prefer physical stores, with only 21 per cent opting for mobile purchases and a smaller percentage through laptops.
Cantabil Plans To Enter Athleisure Space, Says Deepak Bansal
The company is also planning to enter the athleisure space, with the sportswear and shoe category. The brand is targeting of Rs 1,000 crore in revenue by the year 2025.
Is Indian Retail Market Ready For Another Covid Wave?
Retailer Association of India (RAI), sales in India fell by 79 per cent during the pandemic compared to pre-pandemic levels. With a new variant of Covid already making its entry, it becomes critical for the retail industry to be ready for the impact of the pandemic.
Bisleri’s Sustainable Approach: A Greener Future Through Plastic Circularity and Water Conservation
In an interaction with BW Businessworld, Angelo George, Chief Executive Officer, Bisleri International talked about the company’s sustainable approach and how the company is addressing issues like plastic production and sourcing water from underground aquifers.
Indian Retailers Expect GST Relaxation In Budget 2023
The Union Budget for the fiscal year 2023-24 was presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman. Where before its representation Indian retailers had long a wish list and expressed their hopes for the industry ahead of the Budget.
