Retail Sector Gains Momentum As June Sales Grow 8% YoY
Regional data shows that west India recorded the highest year-on-year growth at 10 per cent
Regional data shows that west India recorded the highest year-on-year growth at 10 per cent
The industry body states that regional data shows that south India recorded the highest year-on-year growth at 9 per cent
In terms of categories, quick service restaurants (QSR) registered the highest growth of 11 per cent
The two-wheeler retail sales witnessed a 14 per cent growth, with dealers registering a rise in bookings and footfalls
German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as CEO Bjorn Gulden works to turn the brand around after a messy break-up with rapper Kanye West. Adidas has been battling to right itself after it cut ties with West in October 2022, suspending sales of the […]
Target, a mass-merchandise retailer, is likely to post lower Christmas quarter same-store sales, its third straight quarterly loss, on Tuesday. However, investors believe the store, which sells anything from USD 5 cami tops and USD 25 shorts to USD 100 coffee makers, will be able to increase sales and profits in 2024 as inflation eases, giving buyers more motivation […]
Retail firms across the country reported a 5 per cent increase in sales in January 2024 as compared to January 2023, according to a poll conducted by the Retailers Association of India (RAI), West India had the greatest growth rate of 6 per cent, followed by North and South India at 5 per cent each and East India […]
Retail sales in the United States declined more than expected in January, dragged down by lower receipts at auto dealerships and petrol stations. Retail sales fell 0.8 per cent last month, according to the Commerce Department’s Census Bureau, with winter storms likely contributing to the decline. Data for December was revised down, with sales gaining […]
India’s consumer packaged goods (CPG) sector experienced well-balanced growth in 2023, witnessing an increase in retail sales value coupled with volume gains, according to a report by Bain & Company. The report highlighted a global trend where 75 per cent of growth was attributed to price increases in 2023, yet India stood out as one […]
The automotive industry anticipates growth of six to nine per cent in FY2024, according to rating agency Icra, which attributes it to consistent industry demand. However, the sector is still on the lookout for possible supply chain hiccups and the effects of rising ownership costs on retail. In December 2023, the domestic wholesale volumes of […]