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COVID-19 to have long-term positive impact on e-commerce, says GlobalData

E-commerce is playing a critical role in the fight against COVID-19, with online retailers experiencing a flood of orders from customers confined to their homes, says GlobalData, a leading data and analytics company. GlobalData’s recent report, COVID-19 Impact on E-commerce,...

Bata India implements reopening strategy as Government eases lockdown restrictions

Amid the COVID-19 lockdown, fashion businesses are searching for ways to continue to carry out regular business. With central and state governments expected to impose strict regulations on non-essential retail when allowing them to reopen to limit the spread...

How retail industry is preparing to resume operations after lockdown

Not so long-ago various analysts and industry experts were of the opinion that the Indian retail industry would grow to US$ 1400 billion by FY24. The e-commerce market too was estimated to grow to US$ 98 billion in FY24....

Zomato to layoff around 13 pc employees due to COVID-19 impact

Online restaurant guide and food ordering platform Zomato on Friday said it is going to layoff around 13 per cent of its workforce on account of the impact of COVID-19 pandemic. The company has around 4,000 employees in different roles. In...

Global apparel spend forecast to plummet by nearly $300bn in 2020

Apparel is set to be the hardest hit retail sector by the COVID-19 pandemic with the global apparel market forecast to decline 15.2 percent this year (equivalent to $297bn), says GlobalData, a leading data and analytics company. Honor Strachan, Principal...

Footfall set to shift towards high-streets when non-essential stores reopen, says GlobalData

As retailers begin to open UK stores from the beginning of June (at the earliest), they can expect to see a shift in footfall with consumers more willing to visit town centres as opposed to other shopping destinations, says...

JCPenney receives court approval of ‘First Day’ motions to support business operations

J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...

New Apple report details COVID-19 precautions in supply chain

Health screenings, limiting density, and ensuring strict adherence to social distancing are some of the measures that Apple said it has taken in its global supply chain to address COVID-19's challenges, and to ensure people are able to return...

Mapping Consumer Trends: Every third user on Snapdeal is now buying safety & immunity products

A range of ‘new essentials’ is now becoming an integral part of online buyers’ shopping lists in India. Every third shopper on Snapdeal is buying products relating to safety and immunity. These include masks, sanitizers, traditional immunity boosters like...

MakeMyTrip rolls out gourmet meal delivery service

Online travel major MakeMyTrip has rolled out an online gourmet delivery service in partnership with luxury and premium hotel chains and independent properties across cities in India. With traditional dine-in experiences coming to a grinding halt due to the coronavirus...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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