Retailers estimate 85% recovery by June 2021, says apex body RAI
In November, consumer durables and electronics category continued to recover with sales at 12% year-on-year. Food and grocery category indicate sales growth at 5% year-on-year and apparel and clothing segment is still under pressure with about -12% year-on-year behind pre-pandemic sales, the survey added.
Discounts, offers on smartphones set to abate most inventory cleared due to huge festive demand
The tremendous response to online shopping sa...
Xiaomi logs 15-20% rise in smartphone sales in 1st phase of festive sale, unveils 'Mi Smart Upgrade'
The company, which competes against th...
Indian jewellers gear up for next festival as gold sales pick pace
"Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
Indian jewellers gear up for next festival as sales pick pace
Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November. "Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
Gold sales in India’s festival quarter seen weakest since 2008
Still, demand will fare better than the first nine months of the year, when it suffered after India imposed one of the world’s strictest lockdowns in March to contain the virus.
BPM firms see surge in demand from festive sales
Startek, Conneqt Business Solutions and other BPM companies said the uptick has prompted them to hire more people across locations, including small cities.
Malls up the ante in bid to increase footfall curtailed by COVID-19, look at new strategies
Footfall in most malls had doubled since the reopening on June 8, with many of them reporting up to 60% of the footfalls compared to pre-Covid levels and the mall operators said they expect to reach 80% level by November courtesy the festive season, but there will be no live events unlike previous occasions to keep masses entertained.
How iPhone's online price discounts work in Indian retail
Apple is the only electronics company that does not mandate any end-consumer selling price or dictate channel promotional offers in India, making it easier to offer discounts, industry executives said.
Housing sales likely to rise 35% sequentially in festive season across top 7 markets
Developers have pulled out all the stops to attract buyers, announcing schemes for the festive season -- many of which result in an actual reduction in the cost of acquisition. The Q3 2020 base period saw nearly 29,520 units sold across top 7 cities.
Titan sales slowly ticking to pre-Covid levels
Titan Company said second-quarter sales across segments, especially jewellery, gained momentum with the easing of lockdown restrictions and helped its business return to normal amid the Covid-19 outbreak.
Flipkart, Amazon strengthen furniture offerings ahead of festive season
With consumers now investing more in creating their own comfortable space at home, there is a notable increase in the demand for ergonomic furniture across furniture segments, said a Flipkart official.
Flipkart partners Max Fashion to expand fashion category ahead of festive season
The partnership will provide Max Fashion with wider market access as its products across categories, including apparel and accessories, footwear, will be available in newer geographies and pin codes.
Malls expect surge in footfalls in the upcoming festive season, anticipate increased demand
According to a survey by Retailers Association of India (RAI), there were signs of marginal recovery as retailers continued to signal a contraction of 52% in August on a Y-o-Y comparison. The survey said large retailers are performing marginally better than medium-sized retailers.
Companies launching single products with dual advantage ahead of the festive season
Shower gels are doubling up as face wash, hand creams and air fresheners are twinned with sanitisers and hygiene benefits to factor in a pandemic induced need to maximise value at minimum cost. Industry executives said Hindustan Unilever, Himalaya and Emami could soon follow suit.