Xiaomi inaugurated 2500th exclusive Mi Store. These 2500 stores are presently flourished across 790+ cities in all states. As per the retail research agency Channelplay, this is the largest single brand retail network in India (across all categories), followed by Samsung India, Cafe Coffee Day(CCD), Dominos India, and Bata India.
India could boast more than 100 startups sporting $1 billion-plus valuations by 2025, domestic IT body Nasscom predicts. Its annual report on startups says the country will be home to 95-105 unicorns having a combined valuation of $350-390 billion. India is already home to 24 unicorns, a distant third after the US and China. Seven […]
Urban shoppers seem to be tightening their purse strings when it comes to in-store purchases. People are sticking to need-based buying and that’s led to lower footfall and tepid conversion rates for brick-and-mortar retailers in the pre-Diwali weekend. Small traders seem to be hit the hardest: Some have reported a fall of 25-50% in festive […]