Despite rise in gold prices customers looking to buy gold, says Tanishq CEO
With festive season inching closer, Tanishq launched the festive season collection called Ekatvam
Amazon, Flipkart, Myntra all set to roll out festive season sales; to focus on fashion
Flipkart’s Big Billion Days and Myntra’s Big Fashion Festival start on October 16; Amazon is expected to reveal the dates for its Great Indian Festival sale soon
Mall owners see a ray of hope as food courts, restaurants to open from October 5
For most malls, F&B is a popular section as customers who do not wish to shop end up grabbing a bite at the food court or a restaurant within the mall.
Companies selling coffee-based beauty products eyeing bigger share of Rs 500-cr market
mCaffeine has sold more than 2.8 million products since inception in 2016. It aims to become a Rs 500 crore brand by FY23. The Beauty Co, which recently ventured into coffee and chocolate-based beauty products, wants to capture half the market size.
SBI-HUL tie up for digital payment for retailers; bank to provide paperless overdraft of up to Rs 50,000
Under the partnership, SBI will digitally empower HUL retailers and distributors through UPI based payment solutions and PoS (point-of-sale) terminals.
Unlock 5.0 Guidelines: These are the SOPs restaurants in Maharashtra will follow when they restart dine-in services on October 5
Battered by the Lockdown and struggling to get by on deliveries, restaurants in the State will be opening their doors to dine-in services after more than six months
Amway India expects home delivery to double to 6 lakh per month by fiscal-end
Direct seller firm witnesses increase in online sales from 33.6 percent in February 2020 to over 70 percent in September 2020. Before lockdown in March, the company had executed 1 lakh deliveries, accounting for 40 percent of total sales count.
Covid impact: Marico counting on Saffola to take its food business past the Rs 500 crore mark
The FMCG firm expects the heightened focus on health and surge in sales of ready-to-cook and ready-to-eat products to drive growth in the coming years
Online shoppers await festive season sales for buying appliances, mobiles: Report
Nielsen data indicated that restrained spending during lockdown is enabling consumers to prioritise spending on categories to improve quality of living at home.
Average no of items purchased on e-commerce platforms up 23% during COVID-19 lockdown: Nielsen India
In the home cooking basket, ketchups, jams, cheese, milk powders, etc are gaining prominence and seeing increased innovation in the market
Will these festive season offers by Mumbai malls help woo back customers?
Lucky draws, luxury cars, 43-inch smart TV sets, mobile phones, tablets, and soundbars are all there. But most of these schemes are on offer every year. Lockdown restrictions do not give malls much room to innovate. Malls say festive season is about hope and that’s what they are counting on.
Woodland Shoes maker Aero Club may cut store count, plans to expand online business
Company will negotiate rent reductions for remaining stores and, while continuing to partner multiple e-commerce platforms, will promote its own site for online orders
Why this start up decided to exclusively sell fruits and vegetables
Fruit Box & Co was launched in 2018, with an investment of just Rs 10 lakh. Today, it is raking in Rs 1.25 lakh in daily revenue. This fiscal year, in just five months, it has exceeded its total revenue in FY20
Like A Boss: Hindustan Coca-Cola Beverages’ Christina Ruggiero on the most critical skill required of leaders, what she learned on the job and the importance of inclusion
Christina Ruggiero, CEO, Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) describes her management style, the books that have influenced her and how she learns from mistakes.
Deloitte India sees consolidation in retail space, says non-essential retail growth will revive only after December
Retailers who do not adopt effective omni-channel models and provide a differentiating consumer experience are likely to face either consolidation or failure, says Anand Ramanathan, Partner, Deloitte India
Restaurants, catering companies turn to Live Kitchens for small gatherings at home
China Bistro’s offers a mix of authentic Asian salads, dim sums, baos, bowls, among others.
Pune-based direct seller clocks Rs 100 crore turnover in 100 days
Demand for health products during COVID days a major driver for Netsurf. In the last four months, more than 2 lakh direct sellers have joined the company’s network. It is already present in the US and plans to expand to Thailand now.
AMFI August Data: MF industry registers total outflows of over Rs 14,000 crore; debt category hit the most
Liquid funds which are used by corporates to park surplus cash registered outflows of Rs 15,814 crore in August.
For this Bengaluru startup, COVID-19 is the time to do interior design
The Sequoia Capital-backed HomeLane says it has crossed 80 percent new orders from the pre-COVID levels, and has received 350 new orders. Company’s proprietary software SpaceCraft enables a virtual experience as good as a showroom visit.
Orkla’s acquisition of Eastern Condiments: Why has the spice market become so hot?
Consumption of spices both in India and overseas has grown, as people become aware of their immunity-boosting properties. Branded spices are gaining a larger share of the market as people become aware of the dangers of adulteration and also order online to avoid stepping into shops.
No queues: Here’s how retail shopping could look in the not-too-distant future
With Covid bringing the world to its knees, the shopping experience is certain to evolve, with health and safety gaining primacy and technology playing a key role in enabling this
Why retailers and FMCG companies are increasing digital and online ad spends and paring broadcast, print expenditure
Digital and online ads give advertisers more bang for the buck compared to television, where an ad spot of a few seconds costs lakhs, or print, which is also expensive and good for only a short period in a day
Fireside Ventures eyes more investment opportunities in consumption space, says FMCG sector is only going to get bigger
Venture Partner Kannan Sitaram says all FMCG companies are doing much better during COVID days than during pre-COVID days. There is a pent-up demand for almost all products. Consumption has increased, with people working from home, he says.
Premium bottled water firms turn to retail market as limited operations in aviation, hospitality sectors dent sales
Aava Natural Mineral Water sees volumes double after tie-up with Amazon. Customer preference for bottled water during COVID-19 helps firms. In fact, Hindustan Liquids, which sells the Perrier brand, says most companies now highly dependent on e-commerce platforms.
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