Godrej & Boyce is set to invest approximately Rs 40 crore over the next three years to expand its distribution network for consumer brands in tier-II and tier-III cities. The company, known for selling interior solutions, furniture, appliances and locks, aims to double its footprint to more than 400 towns by FY27 with these fresh […]
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 […]
Luxury segment housing in India recorded a 75 per cent year-on-year (YoY) growth in sales in 2023, according to a report by real estate consulting firm CBRE South Asia. According to its report ‘India Market Monitor Q4 2023’, a 45 per cent YoY increase in unit launches was recorded in 2023. The percentage share of […]
Smartwatch shipments in India increased 50 per cent year-over-year (YoY) in 2023 driven by the rising penetration of smartwatches, proliferation of affordable devices, Indian brands’ enhanced efforts to grow sales, and local manufacturing, according to a Counterpoint Research report released on Wednesday. “While the market continues to register high growth rates, we are seeing some […]
India’s value retail industry, excluding food and groceries, is expected to expand to USD 170 billion by 2026, up from USD 111 billion in FY 23, according to Wazir Advisors. This industry is forecast to increase at a compound annual growth rate (CAGR) of 15 per cent between 2023 and 2026, outpacing the entire retail […]
The year 2023 has proven to be a pivotal and transformative period for India’s ecommerce sector, marked by noteworthy shifts in consumer dynamics, technological innovations, and regulatory frameworks. As the industry reflects on the past year, key players across various domains within the e-commerce landscape unveil critical insights into the transformative trends that have defined […]
India’s smartwatch shipments experienced a 21 per cent year-on-year (YoY) growth in the third quarter of 2023 (Q3 2023), reaching a historic high for domestic manufacturing at 82 per cent, compared to a 4 per cent a year ago, according to a Counterpoint Research report. The surge in shipments was primarily fueled by a substantial […]
Apple’s latest flagship, the iPhone 15, is experiencing lackluster sales in China, raising concerns for the tech giant in one of the world’s most critical markets. Market analysis from Counterpoint Research has revealed a 4.5 per cent drop in sales compared to its predecessor, the iPhone 14, during the first 17 days after its release. […]
