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Many merchants say they prefer a phased approach by starting with staples like flour, pulses, soap and extend cuts to the rest over weeks or months, depending on cash flows and demand
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In a wide-ranging interview with Moneycontrol, Palicha asserted Zepto is an Indian company that is not controlled by Americans, unlike Amazon and Flipkart parent Walmart.
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The minister's comments come amid growing concerns for kirana stores, with a survey projecting that $1.28 billion in sales is expected to shift from mon-and-pop stores to quick commerce platforms in 2024 alone
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Since the rise of quick commerce platforms, nearly 46 percent of quick commerce buyers have reduced their buys from kirana stores, signaling a significant shift in consumer behaviour
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A recovery in rural FMCG demand is lifting kiranas’ growth in FMCG sales but El Nino’s risk to rural incomes could play spoilsport
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The multi-channel B2B cash-and-carry wholesaler has a reach to over 3 million B2B customers in India and 1 million of them are frequent buyers
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PhonePe also said it has achieved its target of digitising 25 million small merchants and kirana stores in the country, weeks ahead of its December-end deadline.
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Standalone modern trade stores have mushroomed across the country as technology helps kiranas to upgrade in the era after demonetisation and GST.
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The b2b marketplace on Monday also rolled out digital payment on delivery, cash on delivery, and instant credit options for kiranas.
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FMCG companies are striving hard to maintain supplies but general stores are facing a scarcity because of logistics, manpower, and regulatory challenges. The situation can deteriorate if lockdowns are extended.
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Reliance Retail will, however, continue sale of perishable goods from its stores for products such as fruits and vegetables or products with low shelf life.
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It’s a win-win situation. Customers are keen on contactless transactions for the sake of safety and local grocers are now accepting digital payments for the same reason. And that has taken the volume and value of digital transactions to new highs during the lockdown.
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Consumers in the country are also not rushing to stock grocery in their homes, according to the survey titled 'Deloitte Global State of the Consumer Tracker'.
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If it comes through, it will help Tata Group fast-track its retail expansion plan.
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About 67 percent stores reported that they were facing difficulty in purchasing stock for their stores and 70 percent stores reported that due to cash crunch on both purchase as well as sales side, their business has come down in the last few days, reports Nielsen.
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Demonetisation is a good move but implementation has been disastrous, says Former Additional Solicitor General of India, Biswajit Bhattacharya. The rural and agriculture sector has come to a stand still due to this move.
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Wholesale retailer Metro Cash &
Carry is working on tie-ups with digital wallet companies to
offer mobile payment option to small traders and kirana shop
owners, in the wake of demonetisation of Rs 500 and Rs 1,000
notes in the country.
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Why there is no need for great celebration or for deep despair over FDI in retail.
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Customers squeezing through the narrow aisles of Sushant Goel's tiny grocery store in central Delhi need to be careful. Just brushing up against the rickety free-standing shelves packed with food and toiletries can cause them to wobble dangerously.
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Customers squeezing through the narrow aisles of Sushant Goel's tiny grocery store in central Delhi need to be careful. Just brushing up against the rickety free-standing shelves packed with food and toiletries can cause them to wobble dangerously.
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Organised retailers should use a compact hypermarket concept to tap into India's significant retail opportunity as they can compete head-to-head with kirana (mom-and-pop) stores, a new study has revealed.
