While it is difficult to pinpoint, Neville Noronha, MD and CEO of Avenue Supermarts, which runs DMart, said the advent of quick commerce has resulted in a 1-1.5 percent impact on the company.
With CAIT members waiting for the probe to end, they allege to have known the news of transfer of investigating officer Rajinder Kumar.
The Accenture-Trust For Retailers and Retail Associates of India (TRRAIN) report outlined a strategic approach for unlocking value by transforming kirana stores through a seven-stage framework.
The growth was a direct result of the government's various relief funds disbursed to support people during the pandemic and primarily led by rural and semi-urban areas, which witnessed a growth of 61 percent and 60 percent in transaction volumes, says PayNearby's Pan-India report titled ‘Retail-O-Nomics.
To cater to the growing e-commerce demand, the company plans to hire 3,000 workforce in the next two-three months in Rajasthan, Gujarat, Maharashtra and Karnataka and 5,000 by the end of December across all levels in warehouse, delivery and technology segments, he added.
Paytm said that as part of the new loyalty programme, all merchant partners will be eligible to earn reward points for accepting payments from Paytm Wallet, Rupay Cards, and all UPI based payment apps.
The Indian retail space is ripe for disruption and there has never been a better time to be a part of India’s digital revolution for the kirana store.
The coronavirus crisis has showcased these stores’ critical last-mile role and bared our inability to perceive and own them as businesses that can truly transform the economic landscape, if offered the opportunity to grow.
Generally, distributors or salesman service kirana stores but due to restrictions during lockdown salesman have stopped visiting shops for replenshing stocks, in turn hitting supply
The old kirana stores are taking the coronavirus battle head on as large supermarket chains and online grocers are struggling to resume operations fully since the beginning of the 21-day lockdown.
E-commerce major Flipkart is putting in place a strategy to scale up a low-cost delivery model, which it piloted in a few cities in 2016, in about 50 cities this year. The move is aimed at slashing logistics costs and reduce pressure on delivery network.
Small retailers can now avail working capital from Capital Float, which will help them manage inventory and cash flows with added scalability, Capital Float said in a statement.
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