Wednesday, Jan 20 2021 | Time 09:39 Hrs(IST)
image
  • US accuses China of 'committing genocide against Uighurs
  • Germany to make medical face masks mandatory in stores, transport
  • Incoming Biden administration will review entire US approach toward North Korea
  • Talk to the people: MP CM tells ministers
  • Rs 224 08 cr to poor under Sambal
  • MP CM’s challenge to lawbreakers
  • Record paddy bought in MP
  • MP CM’s focus on irrigation
  • Covid-19: 2 65 lakh new cases detected in Nashik division
  • Saudi Arabia grants citizenship to 10,000 foreigners working in aviation industry
  • Doordarshan official found dead in Itanagar
  • Ambedkar to contest AMC polls
  • Farmer agitation reaches Day 55, HP Apple growers share non-APMC experiences
Business Economy


Online shopping to see unprecedented boom in post-covid world: Survey

New Delhi, Aug 13 (UNI) A survey conducted by TRA Research, the country's leading consumer insights and brand analytics company, revealed that online shopping is set to see an unprecedented boom in the post-COVID-19 world.
However, the survey predicted that big format stores like Supermarkets, Hypermarkets and Branded outlets are unlikely to see many visitors, while Malls carry a negative sentiment due to tremendous consumer reluctance, despite relaxed norms and promise of better safety.
The company also recently released a whitepaper titled ''TRA's Diwali 2020 Buying Propensity Report,'' gauging the changing buying mindsets and sentiments for the coming Deepawali festival in November, 2020.
According to them, 65 per cent of all consumers expressed a Positive Buying Sentiment, as compared to now, while 28 per cent felt that it would remain the same.
The Apparels category was a positive outlier and had the Highest Buying Priority at 3.11 times the average of all other categories.
Mobile Phones, Consumer Electronics and Two-wheelers were on Very High Consumer Buying Priority, followed by Home Furniture, Jewellery and TVs, which were on High Priority. The survey was conducted with 503 consumer-influencers across 16 cities, between June 9 and July 15, 2020.
Speaking about the report, N Chandramouli, CEO, TRA Research, said, ''Diwali has traditionally been a period of consumption boom as consumers tend to increase spends, and brands scramble to catch their attention.
''This Diwali will be a deciding factor for many brands, as they prepare trepidatiously for the festive season. This report gives a very good view on which will be the preferred categories for Diwali buying.
''This is good news of course, but the pre-COVID consumer spends were already lower on account of a
depressed and strained economy, and a comparison between the consumer household spends between the
two Diwalis of 2019 and 2020, show that this year is likely to see 5.1 per cent lesser spends than the previous
one,'' he added.
UNI JAL RJ 1840
More News

Darwinbox, Asia’s leading HR technology platform, raises Rs 107 crore funding

19 Jan 2021 | 6:49 PM

Hyderabad, Jan 19 (UNI) Darwinbox, one of Asia’s leading enterprise HR technology platforms, on Tuesday announced the closing of its INR 107 crore funding round led by Salesforce Ventures.

see more..

Yogi to launch UP GI Products’ Expo in Varanasi

19 Jan 2021 | 6:37 PM

Lucknow, Jan 19(UNI) Uttar Pradesh Chief Minister Yogi Adityanath will virtually launch Geographical Indication (GI) exhibition in Varanasi, one of the biggest exhibitions of ‘Atmanirbhar Bharat’, on Wednesday.

see more..
Sensex zooms 834 pts

Sensex zooms 834 pts

19 Jan 2021 | 6:29 PM

Mumbai, Jan 19 (UNI) Owing to the all-round buying, the Domestic Stock Market on Tuesday recovered nearly all the losses incurred over the past two days.

see more..

Brigade Group launches its 2nd residential project ‘Brigade Citadel’ in Hyderabad

19 Jan 2021 | 5:25 PM

Hyderabad, Jan 19 (UNI) Brigade Group, one of India's leading property developers has launched its second residential project “ Brigade Citadel” at Moti Nagar here.

see more..

Telangana Minister to present FTCCI excellence awards in Hyderabad on Jan 23

19 Jan 2021 | 5:19 PM

Hyderabad, Jan 19 (UNI) Telangana Minister for Municipal Administration and Industries K T Rama Rao (KTR) will present the Federation of Telangana Chambers of Commerce and Industry (FTCCI) Excellence Awards here on Saturday.

see more..
image