As the retail landscape in India evolves, industry leaders and visionaries share their perspectives on the anticipated trends, challenges, and growth prospects for the year 2024 In the dynamic realm of India’s retail sector, a landscape marked by constant evolution, industry leaders and forward-thinking visionaries are poised to navigate the intricate tapestry of trends, challenges, […]
Amidst global turmoil, frozen dessert players aim for sweet growth and innovation in 2024 In the middle of economic uncertainties due to geopolitical crisis across the globe, players from the frozen dessert companies are gearing up to face 2024 with the hope of growing their businesses to contribute more to India’s growth story. Even though […]
DMart, operated by Mumbai-based Avenue Supermarts, disclosed a standalone revenue of Rs 13,247.33 crore for the quarter ending 31 December 2023, marking a 17.19 per cent surge from the previous year’s Rs 11,304.58 crore. Comparatively, this revenue figure surpasses both the Rs 9,065.02 crore reported in the same quarter of 2021 and the Rs 7,432.69 […]
Toy manufacturer Hasbro on Monday said that it will be reducing its workforce by approximately 1,100 jobs, constituting 20 per cent of its employees, as the challenges in the toy industry persist through another holiday season. The company revealed the layoffs in a memo to employees, as reported by The Wall Street Journal. These job […]
More than 60 Indian footwear and leather goods manufacturers are set to participate in the largest exhibition of such products in the Middle East and North Africa (MENA) region from 11-13 December. The Dubai International Footwear and Leather Exhibition (DIFLEX 2023) comes against the backdrop of rising demand for footwear and leather goods in the […]
Automaker Maruti Suzuki is yet again set to increase the prices of its cars in January. According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices. “While the company makes maximum efforts to reduce cost and offset the increase, it may have […]
On the occasion of Dhanteras, businesses are getting ready to celebrate the festival of wealth and prosperity. It’s that time of the year when companies, big and small, gear up for success and growth. Shifting Preferences Dhanteras shopping centred around metals like gold, silver and copper utensils for their auspicious significance. Walk into any store […]
Dun and Bradstreet (D&B) in its economy observer report has predicted that the festive season, spanning from August to November will boost consumer spending. Coupled with public sector spending, this is poised to stimulate industrial activity. Nonetheless, the presence of geopolitical conflicts poses a risk to global economic activity, potentially stalling the growth momentum seen […]
The US economy continues to display resilience with robust growth throughout the year. The third quarter of 2023, in particular, exceeded expectations with GDP expanding at a strong 4.9 per cent seasonally adjusted annual rate, marking the highest quarterly gain since the fourth quarter of 2021. According to a JP Morgan report, this growth was […]
Touted as one of India’s biggest festivals, Diwali sales are likely to cross Rs 3.5 lakh crore, a positive development for the trading community, said the Confederation of All India Traders (CAIT) on Sunday. A recent survey by the trade body in 30 cities of different states revealed that this year the markets have started […]
