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Tag: consumer

The Consumer Buying Behavior Report 2020 – An Overview

The year 2020 has been one of the most unpredictable years for the retail sector with COVID-19 wreaking havoc across the globe. Even before the pandemic hit us, the retail sector was wading through choppy waters with U.S. President Trump imposing tariffs on international goods, potential recession looming over us, and Millennials and Gen Z …

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Luxury brands turn from Hong Kong to mainland Chinese consumer

Zhang Peng | LightRocket | Getty Images Despite the economic shock of the coronavirus, analysts say China’s demand for luxury goods hasn’t waned much – and it’s drawing top brands from Hong Kong to the mainland. Consulting firm Bain estimated Chinese consumers accounted for about 35% of 281 billion euros ($317 billion) last year in global luxury …

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Blackout Day looks to tap the rising power of the Black consumer

A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Black American consumers are hoping to make the financial and economic community pay attention Tuesday by using the …

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Tata Consumer Products to emerge as full-fledged FMCG company: Chairman

Tata Consumer Products Ltd (TCPL), formed recently by the merger of Tata Global Beverages and the foods business of Tata Chemicals, is aiming to be a full-fledged FMCG company, its chairman N Chandrasekaran said on Monday. According to a PTI report: The merger, which took effect from February, will provide a broader exposure to growth …

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Current business environment, consumer sentiment remain volatile but cautiously optimistic about future: Marico

Homegrown FMCG major Marico Ltd on Friday said the current business environment and consumer sentiment remain volatile but it remains cautiously optimistic about the future, which however will depend on the extent of the spread of COVID-19 in India and overseas and the response to it. According to a PTI report: Sharing a quarterly update, …

Current business environment, consumer sentiment remain volatile but cautiously optimistic about future: MaricoRead More

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer prices

Amazon to open second Go store in Seattle Amazon announced the location of its second Go store Seattle. The cashierless convenience store will also be in the city’s hometown, but the new location will be in the business district, on the corner of Fifth Avenue and Marion Street. (The Seattle Times) Tariffs against China to …

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The New Normal Consumer in Retail: Adaptation to change

The COVID-19 crisis has made shopping centre developersand retailers re-think the norms of business, which are more driven by safety rules rather than the freedom to do business. This has now become the new normal of business. While everyone is talking about this new normal and how they should go about conducting their businesses, a …

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Online sales doubles for top consumer brands in India due to Covid-19, Retail News, ET Retail

KOLKATA/MUMBAI: India’s largest consumer goods companies saw Covid19 led disruptions significantly boosting online sales in India and for several e-commerce sales and contribution to overall business have doubled. This is true for top deck companies like Hindustan Unilever, ITC, Parle Products, LG, Vivo and Godrej. Senior executives said several consumers continue to buy online rather …

Online sales doubles for top consumer brands in India due to Covid-19, Retail News, ET RetailRead More

Bisleri introduces direct home delivery service to prioritise consumer safety

As India steps up to fight coronavirus, Bisleri – India’s most trusted brand has introduced the [email protected] initiative in its commitment to fulfil the increasing demand for safe and healthy mineral water. The initiative also emphasizes on the importance of staying hydrated at all times and scaling up immunity with added minerals. Through this initiative, …

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Flipkart and Tata Consumer Products Limited partner to launch unique distribution solution to provide essential commodities to Indian consumers

Flipkart, India’s homegrown e-commerce marketplace and Tata Consumer Products Limited are coming together to serve the nation amidst the COVID-19 global pandemic, enabling access to essential food and beverage products to Indian consumers. In a first of its kind, innovative distribution solution, Tata Consumer Products’ distributors will list as marketplace sellers on the Flipkart platform. …

Flipkart and Tata Consumer Products Limited partner to launch unique distribution solution to provide essential commodities to Indian consumersRead More