The ongoing pandemic is impacting every part of our lives, from the places we can go, to the way we spend our time, to the priorities we have and the way we spend our money. While the impact on industries & retail still continues, let us go through this week’s “Indian Retail at a Glance” to understand how retail fared in the past week.
Protect, prioritize, pivot the new mantras as FMCG CEOs reboot for a new year
The COVID-19 pandemic has altered the way consumers behave and businesses are managed, some of the country's and world's top chief executive officers (CEOs) said at the annual FMCG Summit, organized virtually by the Confederation of Indian Industry (CII).
Re-engineering sales & distribution systems is the need of the hour for FMCG brands
An ideal model for such competitive brands takes away the pain points in sales and distribution and allows them to concentrate on their core strengths and needs like new product development, brand building, and consumer engagement to leverage emerging market opportunities.
From Kiranas to Corporates: The evolution of modern retail in India
While the number of modern large retail outlets was expected to grow in coming years as high-income consumers focused more on convenience, local entrepreneurs refocused their pricing strategy, and large foreign retailers entered the market.
FMCG keen on modernization of traditional Kirana ecosystem
The COVID-19 pandemic is one of the factors for the bounceback of Kirana (grocery stores). As such, FMCG companies are very keen on the modernization of the traditional kirana ecosystem.
Consumer trends to sustain, say FMCG cos
Companies have had a tumultuous year as changing consumer habits prompted them to readjust their portfolio and offerings in line with what users sought during the lockdown.
Global retailers boost tech presence in India
The pandemic dealt a mighty blow to physical retail, forcing global giants in this field to look at significantly strengthening their digital channels. India is emerging as a big beneficiary of all the technology work this entails.
Indians take to snacks to overcome boredom
Nine out of 10 adults are snacking more or the same as before the pandemic, according to a global survey by Mondelēz International and The Harris Poll.
With a focus on tier-2 cities, Big Bazaar aims to have 300 hypermarket stores in the next 3 quarters
The country's leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters.
According to Godrej, consumer purchases becoming omnichannel
The evolution of online and direct-to-consumer approaches is ‘blurring’ the retail formats as they are "merging and crisscrossing" & even the retailers are struggling with the trend.
Nestle's Digital Push: FMCG major to spend Rs 260 crore on IT infra in India
Nestle has recently announced a Rs 2,600 crore investment in the Indian market, 10 percent of which would be allocated for the development of its IT infrastructure in the country.
Flipkart launches Nokia laptops in India
This launch is part of Flipkart's licensee partnership with Nokia. As part of the deal, Flipkart will develop, and facilitate the manufacturing and distribution of Nokia products - Nokia Smart TVs, Nokia Media Streamers, and the recently launched Nokia laptops.
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