40 per cent spike in consumer spend at kirana stores during lockdown
4 years, 8 months ago

40 per cent spike in consumer spend at kirana stores during lockdown

New Indian Express  

NEW DELHI: Consumer expenditure for essential goods at kirana stores has increased by around 40 per cent since the announcement of the nationwide lockdown, a report by SnapBizz said on Tuesday. The study also found a decline in the number of kirana stores operating ever since the lockdown took effect for various reasons. The study analysed over 17 lakh consumer bills recorded in the SnapBizz network of Kirana stores spreads across Delhi NCR, Mumbai, Pune, Ahmedabad, Bangalore, Chennai and Hyderabad. Prem Kumar, Founder & CEO, SnapBizz said: "With most FMCG sales currently happening out of Kirana stores, these insights go a long way in helping companies understand what is happening with their brands and competition.

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History of this topic

Quick commerce is rocketing. So, are kiranas on the way out?
6 days, 18 hours ago

Quick commerce is rocketing. So, are kiranas on the way out?

Live Mint  

New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. As of 2023-24, according to data compiled by the National Sample Survey, there were around 22.8 million ‘unincorporated’ establishments conducting some sort of trade. Quick economics Ultimately, the ‘decline’ of kiranas may have come about from a combination …

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm
1 month, 1 week ago

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm

India Today  

Quick commerce platforms, including top players like Blinkit, Zepto and Swiggy Instamart, hold just 1 per cent of the overall $570 billion Indian grocery market, but are posing a significant threat to the traditional kirana retail, which controls over 90 per cent market share, due to their attractive selling proposition of delivering goods within 10-20 minutes. The report ‘State of …

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT
1 month, 3 weeks ago

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT

Deccan Chronicle  

Chennai: The fast-growing quick-commerce players have raised over Rs 54,000 crore as FDI and they are using a major share of the money to offer discounts and predatory pricing, which in turn is affecting the business of Kirana shops, alleges an industry body. This predatory pricing pulls customers away from Kirana shops, crippling their ability to compete,” a white paper …

Despair in kiranas as quick commerce roars ahead
4 months, 1 week ago

Despair in kiranas as quick commerce roars ahead

Live Mint  

“We’re essentially reduced to window shopping or serving our loyal customers," said 45-year-old Vikas Katyal, who runs Katyal General trade store in Delhi's Lajpat Nagar area. On Friday, a national distributors’ association—All India Consumer Products Distributors Federation —wrote to trade and industry minister Piyush Goyal expressing concerns over the popularity of quick commerce. The unchecked expansion of quick commerce platforms …

What keeps the kirana store alive?: An essay by Ambi Parameswaran
11 months, 1 week ago

What keeps the kirana store alive?: An essay by Ambi Parameswaran

Hindustan Times  

A friend who was national sales director at a large FMCG / consumer goods multi-national company narrated this story to me almost 15 years ago. The next day, in the boardroom, the global CEO posed a question to his India team: “What is the current contribution of modern trade to our sales? In his book It Happened in India, India’s …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 5 months ago

Digitising Indian retail: Looking at challenges and exploring growth models

Hindustan Times  

According to the United Nations Conference on Trade and Development’s B2C E-commerce Index 2019, India ranks 73 out of 152 countries on its readiness to support online shopping.1 India leads among South Asian countries, while Asian states like Iran, China, Kazakhstan, Azerbaijan, Vietnam and Tunisia fare better than it on the index. Nevertheless, India’s domestic e-commerce market is expected to …

India retail: A nearly $900 billion market dominated by mom-and-pop stores
3 years, 9 months ago

India retail: A nearly $900 billion market dominated by mom-and-pop stores

Business Standard  

ost of India's grocery retail happens at kiranas - small- and mid-sized mom-and-pop outlets which account for 75-78% of the consumer goods market, Ambit Capital estimates India's expanding retail landscape is changing fast, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores and ordering …

Kiranas steal a march over large stores
4 years, 5 months ago

Kiranas steal a march over large stores

Live Mint  

Shoppers of fast-moving consumer goods moved away from large department stores to obliging neighbourhood kiranas and online sellers in June, as they stuck to social distancing norms in the first phase of the Indian unlock. However, as India moved to unlock in early June, footfalls and sales in large stores dwindled—consumers clearly opted back for their traditional neighbourhood suppliers. In …

India gears up for the new normal as consumer behaviour shifts
4 years, 7 months ago

India gears up for the new normal as consumer behaviour shifts

Live Mint  

On 24 March, the government effectuated one of the world’s strictest lockdowns to combat the spread of covid-19, which changed consumer behaviour and purchasing patterns. According to a World Economic Forum and Bain & Co. report, titled Future of Consumption in Fast-Growth Consumer Markets – India, released in January 2019, about 66% of India’s overall consumption is accounted for by …

Reliance to digitise 5 million kirana stores by 2023
5 years, 7 months ago

Reliance to digitise 5 million kirana stores by 2023

India TV News  

Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said. As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries. Overall, …

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