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Adidas Finally Tackles Huge Inventory Problem with the Launch of Massive Yeezy Sale

Since its breakup with Kanye West, Adidas has struggled to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes, forcing it into a significant loss at the end of last year. Bjorn Gulden, Adidas’ CEO, said selling the popular shoe line would mean paying Ye royalties. Ye was dropped five months ago after

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Digital Money Economic & Finance Press Releases Retail

70% MSMEs believe more than half of their retail sales will be via UPI

70% MSMEs believe more than half of their retail sales will be via UPI, was the key revelation of the NeoInsights study titled ‘Decoding Digital Payments: A Retailer Perspective’, released today by NeoGrowth, an MSME-focused digital lender in India.  The study was based on a comprehensive assessment of NeoGrowth’s customer data set of ~3000 retailers

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Economic & Finance Food & Drinks Foods & Agricultural Retail Startups

Zomato Faces New Challenges as Blinkit Strike Impacts Revenues: What Lies Ahead for the Startup?

With its efforts to control costs and achieve breakeven, Zomato is increasing the commission it charges its restaurant partners, while reducing the fee it pays its delivery partners. As a result of the latter, Zomato’s delivery partners in Delhi-NCR have been on strike for more than a week. ICICI Securities reports that this has resulted

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Economic & Finance Mobiles & Gadgets Retail

Despite marginal ARPU increases, Reliance Jio’s Q4 net profit increased 1.7% sequentially to $4,716 crore

According to Reliance Jio on Friday, its March-quarter net profit increased 1.7% sequentially to 4,716 crore from 4,638 crore in the December quarter. On an annual basis, its profit grew by 13%. On a yearly basis, revenue increased 12% to 23,394 crore, up from 22,998 crore in the previous quarter. On a sequential basis, revenue

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Clothes & Apparels Ecommerce Facts & Comment Fashion Food & Drinks Opinion Retail Social Media

The Risks Of Online Shopping For Aging Parents

With an elderly parent who has memory problems, or who is a little confused, online shopping can become a trap for them. Occasionally, purchases don’t go as planned. A senior may lack the capacity to handle such situations, including difficult return instructions, or dealing with scammers attempting to take advantage of them. They may also

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Clothes & Apparels Ecommerce Fashion Retail

Fashion Nova For Men: Top 20 Must-Have Trends

When it comes to men’s fashion, choosing the best quality and variety is an uphill battle. Individuals often think that men’s fashion does not have many varieties to choose from. However, in 20’s era, trends have changed and fresh diversity has been introduced. One of the best sites that have all trending men’s fashion is Fashion

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Economic & Finance Market Overview Mobiles & Gadgets Press Releases Retail

Indian telecom market saw 36% value growth in offline retail in 2022

Mumbai, March 9, 2023: For 2023, GfK forecasts a stabilization of the global market and takes a closer look on the Indian Telecom market. “According to GfK Market Intelligence for Offline Retail Sales Tracking, while the global Telecom market closed 2022 with a 9.7 percent decline in revenue compared to the previous year, India was

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Advisor Network Economic & Finance Market Overview Real Estate Retail State & Urban

Nearly 25 Mn sq. ft. Mall Space to be Added in Top 7 Cities in Next 4-5 Years

Mumbai, 22 February 2023: Driven largely by rising consumption, the rebound in Indian retail market has been exemplary in 2022 which is favourably impacting retail real estate across the country, finds a joint report by real estate consultants ANAROCK and Retailers Association of India (RAI). Buoyed by the growth, developers now plan to add nearly 25

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Advisor Network Economic & Finance History & Culture Market Overview Retail State & Urban

Dhanteras Result: Gold, Jewellery Glitter As 2-day Festival Witnesses Robust Sales!

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

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Ecommerce Media & Entertainment Mobiles & Gadgets Retail Technology

Best smart TVs to buy during this Festive Season

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

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