Competition and Industry News
FMCG, M&A trends amongst the key drivers of retail growth: Deloitte Global reportedit
According to Global Powers of Retailing 2019, a new report from Deloitte Global, the FMCG sector continued to be the key driver of growth, for the Top 250 global retailers helping them achieve strong growth in FY2017 despite economic instability. Retail revenue increased by nearly 83.2% of the world’s 250 largest retailers (208 companies), generating aggregate revenue of $4.53 trillion in the fiscal year 2017.
Publication: Indian Retailer (Online)
Date: January 28, 2019
E-commerceOnline retailing: Omni-channel the way forward for e-tailers as they look to improve customer experienceedit
Given that only 3% shopping in India is done online, e-commerce companies are expected to intensify their competition against brick-and-mortar stores and strengthen their multi-channel strategies this year, market research firm RedSeer Consulting notes in a report. The report states that as of 2018, online grocery held less than 1% of the $500-billion grocery market in India, online baby care comprises a mere 3.5% of the over $22 billion pan-India market, while online furniture and beauty and personal care segment forms 3% each of the $16-billion and $15-billion domestic market, respectively.
Publication: Financial Express (Online)
Date: January 27, 2019
E-commerce