Lockdown 2.0 is over and we have moved into a phased lifting of restrictions. The new guidelines have brought with them sighs of relief for the retail sector. Let us take a look into the last week of lockdown 2.0 and how companies got ready for the restart.
Nielsen slashes 2020 FMCG growth forecast to 5-6%
The coronavirus crisis has caused a lowering of the growth forecast from a previous projection of 9-10%.
Global retail sales fell by 9.6% in 2020
Global retail sales incurred a loss of $2.1 trillion due to the coronavirus crisis.
Retailers in-house brands surge
Spencer’s Retail, Future Group, and Metro Cash & Carry have had more than 50% growth in their own brands of essentials.
Reckitt Benckiser posts record sales
As demand for disinfectants surges, RB posts record sales and ramps up production.
With the reopening underway, how will the consumption story pan out
Lockdown has people exhausting their stock of sin goods. There might be some “revenge” or “relief” consumption spikes.
Some sunshine for FMCG & Durables amidst gloom and doom
HUL, Nestle, Coca-Cola, Samsung & Whirlpool have given their employees single-digit raises and bonuses to keep morale intact.
New guidelines good start for the economy
The Retailers Association of India has called the new notifications from the centre a good start and hopes that the state governments will adopt them.
Only 4% will visit malls post lockdown: Survey
A survey by Local Circles amongst other things states that only a few people will be willing to visit malls.
India is betting big on storage sheds
Warehousing is slated to boom post-COVID-19 as manufacturing shifts out of China and e-commerce grows.
The curious phenomenon of revenge shopping in China after lockdown
Long queues, fuelled by spending sprees seen outside brand outlets.
JioMart intensifies grocery war with credit & incentives to kiranas
JioMart has doubled the credit limit and allocated an executive each for Kirana stores to manage orders and inventory.
Liquor worth Rs.45 crore sold on the first day of re-opening of shops in Karnataka
According to the Karnataka excise department 3.9 lakh liters of beer and 8.5 lakh litres of Indian-made Liquor for sold on day 1.
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