With the clamour for convenience and support for local brands on the rise, consumers, kirana stores, and brands are redrawing the terms of engagement
The FY21 cut was prompted by indications that the June quarter has been a complete wash out and the outlook in the coming quarters will be weak given the economic downturn
From digital queues to virtual trial rooms, retail stores are adopting new technologies to adapt to the post-Covid world, reports Sai Ishwar
The focus of larger players is likely to be on ensuring that supply chain is ready with new-season launches so as to benefit from potential demand recovery in the second half
New challenges confront the retail sector in the current decade
The consultancy says that the spurt in lease rentals will open up a new revenue stream for operators, who are currently dependent mainly on passenger fares.
The RBI has also estimated a dip in stress at its bi-yearly stability report in December
Top line grows nearly 24 per cent despite weak consumer sentiment; EBITDA margins in Q3 for DMart came in at 8.8 per cent
A few taps on a screen or a handful of words heard by a smart speaker and within a couple days, maybe hours, packages arrive.
The most pronounced transformation has been India's accelerated adoption of the digital way
It noted that in the neighbouring country of Bangladesh, too, the online sales a mere 0.7 percent of total retail sales, while that in China is 15 percent and around 14 percent globally
Company clocks 36% YoY rise in volume sales to 1.40 million tonnes
Transparent pricing regime should be the next step
The size of the e-commerce market will grow at least sevenfold to capture 11.4 per cent of the retail market by 2026 from 3 per cent in 2017, says a Deloitte report
In the Budget, the government had made clear its intent to further relax FDI norms in several sectors
By 2030, India is expected to be the third largest consumer market, says Tanit Chearavanont, Managing director, LOTS Wholesale Solutions