Puma Sees Gross Profit Margin Dip, Flat Sales In Q1
Puma is expecting the currency-adjusted sales to grow in the low- to mid-single-digit percentage range in the current year
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consumer
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Economy
Quick Commerce Sales In India Surge By 280% Over 2 Yrs: Report
- by BW Retail World Bureau
- September 28, 2024
Quick commerce has expanded at an impressive 73 per cent annual growth rate during the Financial Year 2024 (FY24)
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Finance
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Maruti Suzuki Hikes Prices Again, Swift Up By Rs 25,000, Grand Vitara Variant By Rs 19,000
- by BW Retail World Bureau
- April 11, 2024
Maruti Suzuki has increased the prices of its highest-selling car Swift and selected variants of the Grand Vitara with effect from April 10, stated a release by the company. According to the company’s announcement, the prices of Swift have been increased by up to Rs 25,000, while the Sigma variant of the Grand Vitara witnessed […]
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People
Marks & Spencer Co-CEO Katie Bickerstaffe Steps Down: Report
- by BW Retail World Bureau
- March 7, 2024
Katie Bickerstaffe, co-CEO of British apparel and food store Marks & Spencer, is quitting the firm and giving over sole control to Stuart Machin, Sky News reported Wednesday. According to the article, Bickerstaffe will quit the firm this year and join European home improvement retailer Kingfisher as a non-executive director. Katie Bickerstaffe and Stuart Machin […]
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Apple’s India Revenue Surges 42% In 2023, But Can It Surpass China By 2030?
- by Rohit Chintapali
- February 28, 2024
A recent Morgan Stanley analysts’ note makes a crucial observation: should India maintain its growth trajectory while Chinese iPhone shipments remain stagnant, India could potentially surpass Chinese iPhone market by 2027 It’s no secret that Apple has been significantly ramping up its focus on India in the aftermath of Covid and facility-related disruptions in China. […]
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Trade
High Shipping Costs, Shipments’ Delay, Red Sea Woes Hit Textile Exports
- by BW Retail World Bureau
- February 26, 2024
The Bank of Baroda (BoB) in a recent report has said that increased shipping costs and delays in shipments due to the Red Sea crisis is a major headwind for the textile sector. The report titled ‘Corporate performance: Q3-FY24’ stated that for the textiles sector, festive demand momentum was short-lived as discretionary demand continues to […]
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National
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Quick Commerce Speeds Up Hearts As Valentine’s Day Sales Rise
- by Amisha Sharma
- February 16, 2024
Valentine’s Day Sales Skyrocket for Zomato, Swiggy, Blinkit, Dunzo, and Zepto as Flowers, Cakes, Teddies, and Surprising Trends Take Center Stage In the spirit of Valentine’s Day, the food and quick commerce sector, platforms including Zomato, Swiggy, Blinkit, Dunzo and Zepto, have experienced substantial growth. The firms reported a significant surge in items ordered like […]
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Coca-Cola Experiences Robust Growth In 2023, Indian Market Grows 2%: CEO, Coca-Cola
- by BW Retail World Bureau
- February 14, 2024
Coca-Cola Company on Tuesday that India and Brazil drove beverage volume growth in the developing and emerging markets in 2023. James Quincey, Chairman and CEO of the Coca-Cola Company, stated during the earnings call on Tuesday that the India business “experienced a robust growth in 2023,” In the December quarter, the company witnessed a 7 per cent […]
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Love Is In The Air: Valentine’s Day Sparks Gifting Boom, Chocolate Reigns Supreme All Week
- by Amisha Sharma
- February 14, 2024
Gifting companies witness soaring sales, chocolate charms dominate hearts in Valentine’s Week Amidst the end of Valentine’s week with heartfelt expressions and romantic gestures, gifting companies and brands have witnessed impressive growth in their sales compared to last year. The brands are expected to report the skyrocketed number of sales by the end of today. […]
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Electronics
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Apple Leads India Tablet Market With 25% Share, 5G & Premium Segment Thrive
- by BW Retail World Bureau
- February 14, 2024
Apple topped the India tablet PC market in both 2023 and the December quarter, with a 25 per cent share despite a fall in sales. Samsung was in second place with a 23 per cent market share in 2023, according to a research. “In CY (in calendar year) 2023, Apple led the tablet market with […]