Business outlook has brightened from the dark days of the coronavirus lockdown, but demand will take longer to revive as consumer sentiment remains muted. Patterns and strategies continue to evolve while retailers focus on digital innovations to adapt for the better. In between the ups and downs in retail, here comes another edition of our “Indian Retail at a Glance”. Continue reading to see how retail scored in the past week.
FMCG cos increase prices in Sep quarter to offset costs
The companies, which include those selling packaged foods and soaps such as Britannia Industries, RSH Global, and Godrej Consumer Products Ltd, said they will also have to put in place tighter cost control measures.
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Consumer staples cos put up a resilient show in June quarter
Indian consumer staples companies put up a good show for the quarter ended June on the revenue front. A favourable base helped, as the relatively stringent pandemic restrictions last year had weighed heavily on demand in Q1FY21.
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Flipkart Wholesale to Triple its Geographical Footprint in India
Flipkart Wholesale, the digital B2B marketplace of India's homegrown Flipkart Group, announced its plans to more than triple its geographical footprint in the country to close to 2,700 cities, with an aim to make business easier and bring prosperity to lakhs of small businesses and 'kiranas' across India.
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Online product displays can shape buying behaviour
According to new University of California San Diego research, curated product recommendations during online shopping can change whether people buy a product they had been considering.
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Willingness highest among millennials to buy a 5G smartphone in India
Both awareness and willingness to buy a 5G smartphone are highest among millennials or people aged between 21 to 30 years old when it comes to 5G interest among consumers.
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Colgate toothpastes to come in recyclable tubes in India
FMCG major Colgate-Palmolive is launching recyclable toothpaste tubes in India, making it the first oral care brand to launch such an initiative.
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Consumer Electronics Brand AIWA to Expand Retail Footprint in India
Japanese consumer electronics brand AIWA, which earlier this year re-entered the Indian market, is expanding its product portfolio and retail footprint in the country. The brand aims to have sales of US$ 1 billion in the next five years.
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Amway India onboards Olympic medalist Saikhom Mirabai Chanu as the brand ambassador for its Nutrilite range
Amway India, one of the country’s leading FMCG direct selling companies, has appointed Olympian Saikhom Mirabai Chanu as the brand ambassador for its Nutrilite range of products.
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With $19.2 billion, DMart owner breaks into world top 100
Radhakishan Damani, the main promoter of organised retail chain DMart, is now among the top 100 richest people in the world. With a net worth of $19.2 billion, translating into about Rs 1.4 lakh crore, Damani is now placed at the 98th spot on the Bloomberg Billionaires Index.
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PepsiCo aims to be net water positive by 2030
Global food and beverage major Pepsico looks to become 'Net Water Positive' by 2030, aiming to replenish more water than that used in company-owned and third-party manufacturing sites in high water-risk areas.
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