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98 items found for "retailer"

  • India's Retail Market to Skyrocket to $2 Trillion by 2033

    Indian Retail market is expected to experience significant growth in the next decade, reportedly surging Despite potential short-term challenges, the organized retail market in India has consistently grown, To ensure continued growth, retailers must refine their delivery models, leverage AI analytics, and implement Image source Retail Customer Experience Furthermore, the report highlights that Indian consumers are

  • Retail Revolution: 5 Future-Forward Examples Shaping 2024

    All else is just something interesting in search of a real problem: The retail landscape is growing, experience of interacting with the products) like Amazon's Just Walk Out are revolutionizing physical retail Although in the initial stages, this technology is entering various retail sectors, from grocery to apparel Image source ChannelX on Google Curbside pickup (When retailers allow customers to place an online order These are innovative ways of digital transformation in retail, highlighting the combination of technology

  • WhatsApp's Shopping Revolution: With Carts and Catalogs for Seamless Retail Experience

    They can then view the details of their order by tapping on the 'View Cart' button in their chat window

  • Expanding Your Online Store: Leveraging the Growth of E-Commerce Retail

    In 2022, digital commerce in the United States has surpassed $1 trillion, marking the first time this milestone has been reached, excluding the travel sector. E-commerce reached $1.09 trillion, with the last quarter contributing $332.2 billion. Mobile commerce played a significant role in driving this growth, expanding at twice the rate of desktop e-commerce. Comscore's State of Commerce report highlights that mobile's share of total digital commerce dollars has nearly reached 40%. Image source Forbes The top five highest-grossing categories in digital commerce are grocery/baby/pet products, apparel and accessories, computers and consumer electronics, and furniture and appliances. Image source eMarketer On the other hand, the five fastest-growing categories include event tickets, digital content, apparel and accessories, video games and accessories, and home and garden products. The growth of digital commerce has been accelerating, with the pandemic playing a substantial role in driving an additional $300 billion in digital sales over just two years. Adobe also reported record holiday season sales in November and December, totalling $211.7 billion. Additionally, online grocery sales have seen a remarkable 333% growth over the past four years. Notably, event tickets and online grocery sales have experienced significant growth, with event tickets showing a 75% year-over-year increase and online grocery sales ballooning by 333% over the past four years. Furthermore, social commerce is on the rise, with notable increases in consumer engagement on platforms such as Facebook, Instagram, and TikTok.

  • How Will Retailers Overcome the Challenge of Flat Sales and Declining Fashion Store Revenue?

    Although retail sales in April remained relatively stable compared to March, certain categories have

  • 2024's Retail Revolution: 5 Trends Reshaping Shopping as We Know It

    The retail world has seen massive changes so far, especially with AI stepping in, the rise of creators Retailers are making a rush to more demand and diverse, younger crowd and retain skilled staff, particularly multicultural individuals become the majority market, is transforming retail strategies. Retailers now focus on diverse consumer preferences rather than rigid market segments. Retailers use AI for hyper-personalization while maintaining relevance and respecting privacy.

  • How Zepto's New Subscription Service Became The Game-Changer In E-commerce Retailers Need In India?

    Zepto, one of the quick commerce industries in India, has launched its paid subscription service called Zepto Pass. This new service offers greater discounts to customers, which will increase competition in the country's growing quick commerce market. According to the company, users who subscribed to Zepto Pass increased their spending on the app by over 30%, and there was a 10% increase in monthly retention. Zepto membership costs Rs 99 per month and gives you unlimited free deliveries on orders over Rs 99. You also get discounts of up to 20% based on your order value. Some users are offered discounts for orders over Rs 299, while others need to reach Rs 699. Some are even getting this service for an introductory price of Rs 19. The subscription is priced between 19 and 39 rupees per month. Now, the question is how you get the benefits from a subscription. It offers unlimited free deliveries and up to 20% off on grocery items for most customers. Zepto was founded in 2021 by Aadit Palicha and Kaivalya Vohra, dropouts of the computer science degree course at Stanford University. Image source LinkedIn The company promises 10-minute grocery deliveries through its network of Dark stores nationwide. It competes with other players like Swiggy's Instamart, BigBasket's BBNow, Zomato's Blinkit, and Google-backed Dunzo in the highly competitive quick commerce arena. This significant move to launch Zepto Pass aims to drive customers' adoption of quick commerce. Devendra Meel, vice president, strategy, and head of Zepto Pass, stated that the company hopes to draw a million customers through this subscription programme within a month of the rollout. And, guess what? Within one after launching Zepto Pass miracle happened: The 'Zepto Pass', became the second quick commerce firm to offer subscription benefits after Swiggy, Instamart, and Zomato. On the other hand, it doesn't extend benefits from its Gold subscription to its quick commerce service Blinkit. The subscription model is expected to raise the Average order value (AOV) offsetting the cost of discounts through a mix of company and brand funding. The company is also on track for a public listing in the fiscal year 2025-2026 (FY26). Quick commerce firms in India are speeding up to meet customer demands, which is expanding their market presence and diversifying their product offerings. Consulting firm RedSeer estimates that India's quick commerce market is expected to touch $5.5 billion by 2025, up from $0.3 billion in 2021.

  • Is Shein returning to India? Mukesh Ambani's Reliance is set to introduce an IPO-bound brand

    Reliance Retail  Ventures, owned by Mukesh Ambani's Reliance Industries, is set to introduce the Chinese This partnership follows Reliance Retail's collaboration with Shein last year and is expected to be led Reliance Retail Ventures has been actively pursuing deals with international brands, having previously brought American jewellery maker Tiffany & Co and British online retailer  ASOS to India. The India operations will be exclusively owned by Reliance Retail, and Shein will receive a license fee

  • How are Myntra and Zara targeting Gen Z spending in India's booming lifestyle market?

    substantial growth, primarily fueled by the rise in affluence, premiumization, and a shift towards organized retail purchase for 40-45% of first-time e-commerce shoppers, making it an essential gateway category for e-retail The trend toward organised retail is expected to be another significant growth, with the organized segment This shift moving towards organised retail has intensified competition in the market, with both large foreign retailers and homegrown retailers expanding their store networks.

  • U.S. Apple Watch Import Ban: What's on the Horizon?

    However, other retailers may still sell the Apple Watch Series 9 despite the ban. The ban applies specifically to Apple and its related companies but might not affect other retailers However, other retailers may still sell the affected models, and Apple is working on solutions and appealing

  • What Will Define Global E-Commerce Trends in 2024-25?

    To adapt to this mobile-first trend, retailers are advised to optimize their websites for mobile use, e-commerce in China has gained attention allowing consumers to interact with and make purchases from retailers Additionally, dynamic pricing tools driven by AI enable retailers to adjust prices based on individualized

  • Are the Discounts in the Sony 'Days of Play' Sale Worth It? A Comprehensive Review

    Here are the key details you need to know: Image source FoneArena.com Sale Details - Duration: The sale run until June 12th, or while supplies last. - Availability: Discounts can be availed through various retailers How to Take Advantage To take advantage of these deals, visit any of the participating retailers—online

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