Rareism, a women’s fashion brand, has set its sights on a substantial expansion across India, aiming to open 100 stores within the next two years, according to a recent media release. Having achieved a milestone of 30 stores, including the recent launch of its third store in Hyderabad, the brand is making significant strides towards […]
The South Indian Organised Retailers Association (ORA) is gearing up to seek the intervention of the central government concerning the business practices of POCO, a sub-brand of Xiaomi, the news agency PTI reported. The association alleges that the cell phone manufacturer is deliberately avoiding supplying phones to mainline channels. In its statement, the ORA asserts […]
Global smartphone shipments dipped 7.8 per cent year-over-year in the first quarter of 2024, according to data released today by the International Data Corporation (IDC). This decline comes despite cautious optimism expressed by major brands about a market recovery. The report, IDC’s worldwide quarterly mobile phone tracker, showed total shipments reaching 289.4 million units in […]
Indian apparel retailers witnessed sluggish sales in the first quarter (January to March) of 2024, according to reports from several brokerages. This comes amidst a combination of factors including lower disposable incomes and a high sales base from the same period last year. Brokerage reports attributed the weak demand in January and February to a […]
In the first quarter of 2024, Apple experienced a decline of approximately 10 per cent in smartphone shipments, as revealed by data from research firm IDC. This setback was attributed to heightened competition from Android smartphone manufacturers vying for the top position. While global smartphone shipments increased by 7.8 per cent to reach 289.4 million […]
Flipkart, one of India’s leading ecommerce platforms, has inaugurated a new grocery fulfilment centre in Visakhapatnam, Andhra Pradesh, signalling its commitment to enhancing its grocery delivery services. The facility promises next-day delivery of groceries to consumers in the vicinity, including Visakhapatnam, Anakapalle, Kakinada, Rajahmundry, Srikakulam, and Vizianagaram. This marks Flipkart’s second grocery fulfilment centre in […]
India’s electronic manufacturing industry is set to grow at an annual growth rate of 41 per cent until FY 26, as per a recent report by Equiris Securities. The report says that by FY 26, the electronic manufacturing market in India is expected to reach Rs 5,980 billion, a significant leap from its valuation of […]
Pegatron is reportedly in advanced discussions to transfer control of its sole iPhone manufacturing facility in India to the Tata Group, news agency Reuters reported citing two sources. This development signifies Pegatron’s latest move to scale back its partnership with Apple. As part of the proposed deal, which has Apple’s approval, Tata intends to hold […]
Ecommerce major Amazon India has introduced a new vertical called ‘Bazaar’ featuring affordable products below Rs 600, including apparel, watches, shoes, jewellery and luggage, according to a media report on Saturday. This new vertical is live on Amazon India’s Android app and is onboarding diverse Indian companies that offer budget-friendly products. The report highlighted that […]
Tech giant Apple has launched an appeal against a decision by the US International Trade Commission (ITC) to ban imports of certain Apple Watches, following a patent dispute with medical technology company Masimo. In a filing to the US Court of Appeals for the Federal Circuit, Apple said that the ITC’s ruling was flawed due […]
