The Dhanteras festival this year was robust, with people buying gold, jewellery and other items to give as gifts. The jewellery industry expects a 35% increase over last year’s business, on pent up demand. Although there was a lull in the sales around noon on Sunday because of the Indian-Pakistan cricket match, people started buying […]
The festive season is almost upon us and it is usually this time of the year when we decide to upgrade our lifestyle, as we switch the older things with new ones. It is also the time for friends and families to come closer together. Televisions are a great way of spending quality time with […]
In India, 21% or total 57 malls are in a dilapidated state(Ghost Malls) and have resulted in a loss of over $524 million, according to Knight Frank India’s latest report ‘Think India, Think Retail 2022’. On a mall by mall level, the term ‘ghost mall’ is defined as having less than 40% occupancy. Delhi NCR has […]
Asian consumers optimistic about the future regarding both nation’s economy and their personal financial situation improving over the next 12 months as per the recent study. Philippines most positive on country’s economy improving within one year at 58 per cent, 23 per cent higher than the regional average of 35 per cent. It is also […]
Total number of 15 new malls to enter the market this year spread across 12 cities in the country; Chennai to see highest supply of 4 new malls this year spread over 2.55 mn sq. ft. Tier 1 cities with new mall supply include Ahmedabad, Chennai, Bangalore, Hyderabad, Mumbai, Pune & Ghaziabad in NCR spanning 7.65 mn sq. ft. […]
There have been numerous advances in the home décor market, from technology that allows people to bathe in colors to minimalist furniture with a rustic vibe. Home décor trends have changed dramatically in recent years, especially as technology has advanced in the home design business, offering consumers even more possibilities. Furthermore, millennials have developed distinct […]
The ongoing Sri Lankan economic crisis coupled with a $51 billion debt default has proven beneficial for Indian exporters. While the Sri Lankan crisis opens doors for Indian tea and textile exporters, India may face challenges filling global supply gaps. Furthermore, the pandemic severely hindered what has been Sri Lanka’s long-standing strength – tea and […]
As per Bloomberg, Shein may reach a $100 billion valuation with funding from General Atlantic. Despite no physical stores, Shein pumps over 6,000 new items daily. However, if they successfully receive the funding, its value will double that of the Uniqlo owner. Additionally, Shein shows no signs or plans for an IPO. Shein’s $100 billion […]
After days of troubling movements in Chinese equity markets, some semblance of normality seems to be returning at last to the Hang Seng and CSI300 indices. A combination of strong earnings performance from e-commerce giant Alibaba, renewed confidence in coal mining shares (with Yankuang Energies seeing a 9% rally), and outstanding performance (+13%) by locally-focused […]
The deduction in tax and VAT rates in Sri Lanka presents warning signs for India. While the civil war in Sri Lanka has concluded, refugees seem to find themselves on Indian shores yet again. Mahinda Rajapaksa not only slashed tax rates but, in April 2021, also banned the imports of chemical pesticides and fertilizers. Mahinda […]
