India

The facial care category is projected to rise the fastest.

Bars and pubs have been largely kept out of the purview post-lockdown.

New entrants are expected to struggle in competing with local stores.

 

 

To meet the needs of the rapidly evolving and growing payments technology landscape in India, payments and commerce solutions provider Verifone and software and payment processing provider Ezetap recently announced a partnership to enable merchants to adopt in-store and online payment acceptance more quickly and easily.

Companies now have the power to process millions of product records in minutes, using artificial intelligence (AI), without any humans in the loop with Indix’s prediction services. The product AI company recently announced the broad availability of its AI-based prediction services for product categorisation, brand identification, standardised attribute extraction and product clustering.

India's point-of-sale (POS) terminals market is forecast to exhibit a CAGR of more than 11%, in value terms during 2017-2022, according to India POS Terminals Market By Type, By End User, Competition Forecast & Opportunities, 2012-2022 by international market research company Research and Markets.

TA ASSOCIATES, a global growth private equity firm, has invested in a US$140 million round for a minority stake in TCNS Clothing Company, a branded women’s apparel platform from India.

Research firm Technavio’s latest report on the online fashion retail market in India highlights three key emerging trends predicted to impact market growth through 2020. Technavio defines an emerging trend as something that has potential for significant impact on the market and contributes to its growth or decline.

WalmartT is reported to be “actively considering” ways to partner with India’s various e-commerce players such as Flipkart, Snapdeal, ShopClues, Grofers and Bigbasket to enter the country’s growing online retail market.

Asia’s third-largest economy, India, showed positive growth last year, sparking hope of a retail boom under the helm of the country’s new Prime Minister, Narendra Modi. Shirish Nadkarni reports.

Global Internet retailer Amazon.com and India’s Future Group have sealed a strategic partnership to sell Future Group’s merchandise online.

The number of loyal customers at Shoppers Stop has increased six-fold, from 500,000 to 3.2 million all over India, because the retail store has got it right on many fronts – correct brand positioning, an effective loyalty programme, unique advertising, integrated social media and rechargeable gift cards. Shirish Nadkarni reports.

Govind Shrikhande, managing director of Shoppers Stop, has enjoyed a long career associated with textile and retail, and continues to derive much pleasure from a job that demands attention round-the-clock, 365 days a week. He shares his experiences with Shirish Nadkarni in Mumbai.

Wal-Mart is reportedly investing US$103 million in its Indian operations with the goals to expand its wholesale store count and increase its online presence.