As we know that the industries were hanging by a thread during the lockdown period but as soon as the unlock phase started, retail was back in action. This new market environment post-Covid has given momentum to retail and something to cheer for. Let us go through this week’s “Indian Retail at a Glance” to further understand how retail fared in the past week.
Retail inflation above 6%, IIP up 29% on low base effect
Retail inflation held above 6% level in June as price pressures across food, fuel and some services remained firm, while industrial output growth soared on the back of a low base effect in May.
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Post-pandemic tech trends that will reshape future of Indian retail industry
The future of retail has already begun, and omnichannel retailers are at a great competitive advantage. To keep the momentum going, retailers should adopt newer technologies that guarantee ease and comfort without compromising on safety.
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Why brands should create unique and customer-oriented marketing solutions
The struggle to perceptually create a brand ‘differentiator’ to capture and retain consumer attention begins at the very inception of a brand.
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How Social Commerce is Opening More Avenues for Retailers
Social Commerce is one of the fast-growing trends in retail. It is the ability for the customers to complete the purchase of the product while browsing their favorite social media website.
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Effects of the Pandemic on Indian Retailers
The retail market is returning to normal after months of restrictions imposed by the Covid-19 shutdown, which resulted in the closure of several shops and limits on sales.
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FMCG cos see double-digit sales growth in June quarter amid pandemic
Leading FMCG companies in the country are expecting their sales growth numbers in high double digit in the April-June quarter, a period when the broader market was severely impacted by the second wave of the COVID-19 pandemic.
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Sustainability key to consumer choices in FMCG sector, but so is brand
Consumers consider the sustainability factor while purchasing items in the FMCG sector. A recent survey by Mintel showed that consumers do appreciate the sustainability factor, but often not at the expense of quality or brand.
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Wipro Consumer’s India FMCG business grew 17% in FY21
Despite the impact of the pandemic, Wipro Consumer Care and Lighting said it crossed the ₹8,400-crore mark in revenues in FY21 compared to ₹7,700 crore in FY20.
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FMCG companies are strengthening rural distribution network to combat the low consumer sentiments
Already struggling with inflation and over-the-top offers before the onslaught of the pandemic, sales volumes for brands have suffered during this second wave; there have been different reasons for it.
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How India’s D2C Fashion Brands Are Cracking The $43 Bn Opportunity
The recent outbreak of the Covid-19 pandemic has hit the traditional retail sector hard, making brands realise the importance of shifting towards a digital-first, direct-to-consumer (D2C) model. Many industry segments have already embraced this digital transformation, but the world of fashion has possibly witnessed the biggest shift.
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How Indian D2C Brands Are Optimising Logistics To Reduce Costs And Grow In A Competitive Market
The emphasis on logistics management will trigger huge growth opportunities for D2C brands. After all, the growth of an ecommerce/digital commerce firm primarily depends on the size of its customer base and the company’s ability to deliver to as many pin codes as possible.
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New-age kirana stores being upgraded to offer supermarket experience
New age kirana shop-owners are fast remodelling their stores to the modern trade store format to give consumers a similar experience of that in supermarkets.
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HUL shares latest steps that the company has taken towards sustainability to achieve its goal of 100% plastic waste collection by the end of 2021
The FMCG giant has launched an in-store vending machine model, Smart Fill machine, for its Home Care products. It allows consumers to reuse and recycle plastic.
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