Sneakers are becoming increasingly popular in India, with a revenue forecast of USD 2.80 billion for the fiscal year of 2024. This is according to a recent report by Statista, which highlights the growing trend of sneakers being seen as more than just footwear. This revelation underscores the expanding allure of sneakers, which have transcended […]
PepsiCo, a global beverage and food company, said on Friday that it expects “mid-single-digit” growth in the Indian market in 2023. According to the most recent financial report, PepsiCo’s global net sales will be USD 91.47 billion in 2023, representing a 5.9 per cent increase. PepsiCo stated that developing and emerging markets, including “China and […]
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. “While the wedding season has brought us amazing sales, we […]
Walmart’s top executives expressed concerns about the future spending patterns of consumers, stating that financial strain is making them more cautious, Reuters reported on Wednesday. Chief Financial Officer (CFO) John David Rainey observed “unusual behavior” in October that prompted worries about the consumer’s financial health. He clarified at the Morgan Stanley Global Consumer & Retail […]
Global political tensions are negatively affecting Seattle-based Starbucks Corporation as the company has lost approximately USD 11 billion in value, which accounts for 9.4 per cent of its total value. In just 19 days, since the 16 November Red Cup Day promotion, Starbucks shares have plunged 8.96 per cent, causing a loss of nearly USD […]
Only 7 per cent of Indian households currently utilise ecommerce or grocery apps for purchasing fruits and vegetables online, as revealed in a survey by LocalCircles. The survey, which garnered over 24,000 responses from household consumers across 297 districts in India, indicated that 61 per cent of respondents were male, while 39 per cent were […]
The festive season in India carries substantial economic importance, driven by a thriving gifting industry. During festivals such as Diwali, New Year, and Christmas, the gifting industry witnesses substantial growth, consistently contributing to a significant portion of the gifting market. With a pre-pandemic growth rate of 40 per cent (2019-20 to 20-21) and a post-pandemic […]
The festive season is the peak period for home decor retailers, as they usually witness a substantial surge in sales, sometimes doubling or even tripling their regular numbers. According to the retailers, these sales are often driven by customers planning major home makeovers, hosting parties, or purchasing new properties during festivals As the festive season […]
India’s brick-and-mortar retail universe is bouncing back with strong leasing activity of 3.16 million square feet recorded in the first six months of the current calendar year till June, according to a study released by JLL on day one of the MAPIC India conference, Wednesday. Leasing activity in the retail sector was believed to have […]
The Australian homeware brand has encountered both challenges and successes since its entry into the Indian market earlier this year. Pulkit Bansal, the Country Head of Anko India, highlighted the key challenges and consumer behavior differences between India and Australia, in an exclusive conversation with BW Retail World. “Most of our challenges have been pertaining […]
