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Newsletter November 2023 |
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| Hello Reader, |
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| As always, we are excited to share key trends shaping the industry and not-to-miss news highlights from the world of digital commerce. |
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| This festival season witnessed a reinvigorated consumer sentiment where all major categories recorded higher revenue than last year's festival season. The B&PC category in particular has seen major growth driven by repeat purchases by buyers. Not to forget, in November a leading digital-first B&PC brand’s much-anticipated IPO was oversubscribed by 2%. And with over 35 lakh weddings in the coming months' fashion jewellery retailers are also betting big on setting new growth benchmarks for this sales season. |
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| Over the last few months, we all shared the joy of India hosting a fabulous World Cup tournament. While the Aussies outplayed us in the finals, team India won the love of a billion hearts by staying unbeaten till the finals and playing like champions throughout. This World Cup brought about a significant boost in consumer spending which was estimated at around Rs 18,000-20,000 crore. From official jerseys to kits, the FICCI even predicted a 30% increase in the sale of merchandising during the World Cup with a 40-50% increase in footfall of food consumption, especially in the host cities. |
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| Overall, the global headwinds are indicating a continuous growth of eCommerce dominance, with projections suggesting that the segment is on track to capture a substantial 41% share of global retail sales by 2027. |
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| Industry Events |
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| KEYNOTE |
| D2C Scale with Profitability - The Only North Star Metric |
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| Speaker |
| Navin Joshua |
| Founder & Director, GreenHonchos |
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| POST-EVENT HIGHLIGHTS |
| Middle East Retail & Ecommerce Summit 2023 by Scribe Minds & Media |
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| sPEAKER |
| Navin Joshua |
| Founder & Director, GreenHonchos |
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| CLient additions |
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| SPOTLIGHT |
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| Retailers day out at Middle East Retail forum 2023 |
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| Featured Story |
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| Middle East Retail & Ecommerce Summit 2023: Shaping the Future of Middle East’s Retail & E-commerce |
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| HIRING ALERT |
| Know anyone who is looking for a job? Please share this link - Job Openings |
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| As a leading Digital Transformation Enabler, we help brands exponentially grow their exclusive online channel with a Technology driven and Performance oriented approach towards operational ease and enhanced conversions. |
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| Scale Your Business Online! |
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