Delhi consumed alcohol of over Rs 500 crore for Diwali this year. According to data and reports, Delhi witnessed a substantial upswing in alcohol sales this year, raking in a revenue exceeding Rs 525 crore during the two-week period leading up to the festival of lights. In the 18 days preceding Diwali, a staggering 3 […]
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 […]
In the spirit of Dhanteras, the auspicious day heralding wealth and prosperity, India’s gold and silver markets are gearing up for a monumental trade surge, with experts predicting a staggering 50 thousand crore windfall this festive season. Recent weeks saw a dip in gold and silver prices due to easing geopolitical tensions globally. Amidst the […]
With the onset of the festive season, more than 2 out of 5 consumers across the country have expressed their intent to shop online from direct-to-consumer (D2C) merchants, according to a survey conducted by Simpl. The surge in consumer interest can be attributed to the growing number of individuals turning to D2C merchants in recent […]
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 […]
Retail vehicle sales across India declined around 8 per cent year-on-year in the festive month of October, data released by the Federation of Automobile Dealers Associations (FADA) showed on Monday. The first half of October 2023, marked by the Shraddh period when people largely stay away from big-ticket purchases, saw an 8 per cent YoY […]
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 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 […]
Ice cream is a sweet treat that we all enjoy especially during the summers, as even a single scoop feels like a bowl of heaven to beat the heatwaves. 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 […]
The festive season in India is not just about religious and cultural celebrations, it is also a time for businesses to sparkle. As India gears up for Diwali, Christmas, and more, the retail industry is all set for a shopping extravaganza. The annual surge in consumer spending during this period presents a significant opportunity for […]
