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Nike adapts to shifting market dynamics: Yearly sales outlook revised, shares drop 11%
On Thursday, Nike revised its yearly sales outlook, attributing the adjustment to conservative consumer spending, a less robust online business, increased promotional activities. The...
Flipkart-backed agritech startup Ninjacart gears up for expansion with major office lease
Ninjacart, an agritech startup, has secured a lease for 1,037 seats from the flexible office space provider Indiqube in Bengaluru as part of its...
Canada’s top retailers commit to pricing overhaul amid rising grocery costs
Canada's leading five grocery retailers have committed to addressing their pricing practices, as announced by a government minister.François-Philippe Champagne, the Minister of Innovation, Science,...
Distributors grapple with challenges as FMCG companies embrace smaller packs
FMCG companies' widespread introduction of small-pack launches to stimulate demand is causing distributors significant distress as they grapple with limited shelf space for inventory...
French retailers demand 2%-5% price reduction from food manufacturers
During a roundtable discussion with executives, the head of retailer Les Mousquetaires informed lawmakers that supermarket conglomerates in France may request reductions in prices...
Apparel retailers anticipate 7-8% revenue growth in current fiscal year: Crisil Report
According to a recent report by Crisil Ratings, brick-and-mortar apparel retailers in the organized sector are projected to experience a revenue growth of 7-8...
Amazon boosts retail in Maharashtra with 35,000 new sellers on its platform
The e-commerce giant Amazon has successfully enlisted 35,000 retailers from Maharashtra onto its platform via its 'Local shops on Amazon' initiative. This program, introduced...
Rukart and SBI team up to make ‘Subjee Cooler’ purchase more accessible with hassle-free loans
Rukart, an agritech firm, has teamed up with SBI to assist potential customers in obtaining simple loan options for purchasing their flagship product, the...