The report highlighted that targeted investments in job creation, along with enhanced farm and non-farm incomes, could play a significant role in reviving the rural economy.
In the second quarter, many FMCG and retail companies witnessed the heat of sluggish consumption, which was even visible on their balance sheets. Going further, the anticipation is that the third quarter of the current fiscal year will not bring much respite, and consumers' purchasing power
Kumar Rajagopalan, CEO, RAI, said, "RAI's survey indicates a moderate growth of 7 per cent during the October-November festive season, falling short of the anticipated 10 per cent. Consumption growth has been subdued throughout the year, prompting retailers to boost business through promotio
Urban consumers are fueling an insatiable appetite for novelty, with 34 per cent prioritising new product availability, according to the NIQ Consumer Survey.
The retail sector, particularly apparel, displayed notable variation in performance. Value fashion continued to see strong demand reporting impressive revenue growth and same-store sales growth (SSSG).
Bengaluru (Karnataka) [India], November 8: Simpli Namdhari's, India's only 100% veg Omni-channel retailer with over four decades of heritage in Karnataka's farming and retail sectors, is proud to launch 'Vocal for Local', a first-of-its-kind initiative to empower and support local FMCG brand
The market players say that persistant inflation has impacted the sales and margin in both urban and rural areas, however, the they have witnessed a rise in demand as the festive season is already on its peak.
Kumar Rajagopalan, CEO of RAI, pointed out that consumer behaviour is evolving and said, "September's retail performance highlights that consumers are spending selectively. As we approach the festive season, this behaviour presents an opportunity for retailers to align their strategies with
India's consumer retail sector is poised for continued growth as it saw 123 deals valued at USD 3.1 billion in the third quarter of 2024, driven by rapid expansion of quick commerce and direct-to-consumer brands, Grant Thornton said in its latest report.
Kolkata (West Bengal) [India], September 21: Bhajanlal Commercial Pvt. Ltd., a distinguished leader in the technology retail sector across Eastern and North Eastern India, successfully unveiled Apple's highly anticipated iPhone 16 series at its flagship showroom on Shakespeare Sarani, Kolkat
New Delhi [India], September 12: Sparsh CCTV, the first Indian company to design and manufacture CCTV products in India, is proud to announce its bold expansion into the retail sector. Leveraging its unparalleled expertise as the No. 1 solution provider for government security projects, Spar
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