Kiranas steal a march over large stores
4 years, 4 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 all, modern trade, which accounts for 10% of FMCG sales in India, was down 5% year-on-year in the June quarter. “With social distancing becoming increasingly prevalent, consumers favoured neighbourhood general trade stores as well as e-commerce platforms over modern trade during the quarter,” packaged goods firm Marico Ltd said in its June quarter earnings.

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History of this topic

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm
3 weeks, 3 days 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 doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says
1 month ago

Quick commerce doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says

Hindustan Times  

Zepto co-founder Aadit Palicha said quick commerce doesn't hurt traditional kirana stores and that it is a net job creator as well. Zepto delivery partners waiting for delivery orders in Mumbai on June 10, 2023 Palicha dismissed the whole idea of kirana stores being affected by the rise of quick commerce firms like Zepto, Blinkit, Instamart, and BigBasket, calling it …

Despair in kiranas as quick commerce roars ahead
3 months, 3 weeks 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 …

India's Rural Demand Surpasses Urban Markets in FMCG Growth
7 months, 2 weeks ago

India's Rural Demand Surpasses Urban Markets in FMCG Growth

Deccan Chronicle  

Chennai: Rural demand for packaged consumer goods outpaced urban markets for the first time in five quarters, while the FMCG industry witnessed 6.5 per cent growth in sales volume in the March quarter, according to NielsenIQ. On the other hand, urban markets reported a 5.7 per cent year-on-year rise in demand and the growth was slower than the December quarter’s …

What keeps the kirana store alive?: An essay by Ambi Parameswaran
10 months, 3 weeks 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 …

New-age, self-service kirana stores are transforming India's retail dynamics
1 year, 1 month ago

New-age, self-service kirana stores are transforming India's retail dynamics

Live Mint  

India's consumption heavily leans towards essentials, with food and groceries comprising 50% of retail intake. Meanwhile, organized retail, or modern trade, introduced about two decades ago, has gradually expanded due to its vast product range, self-service, and shopping experience. Thus, social status upgradation is also a reason for the younger generation of retailers to venture into opening independent self-service stores. …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 4 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 …

Over 1 lakh local shops, kiranas to facilitate Amazon India's delivery this festive season
4 years, 2 months ago

Over 1 lakh local shops, kiranas to facilitate Amazon India's delivery this festive season

India TV News  

E-commerce major Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives to facilitate the delivery of packages this festive season. Amazon India said it has over 50,000 Amazon Easy stores across the country, which provides assisted shopping for 'new to e-commerce' customers. Under this model, …

FMCG firms to stay in the slow lane this year
4 years, 4 months ago

FMCG firms to stay in the slow lane this year

Live Mint  

Market researcher Nielsen now projects India’s packaged consumer goods sales to shrink or remain little changed from last year, slashing its rather optimistic 5-6% growth estimate made on 30 April on hopes that the sector would better withstand the fallout from the coronavirus pandemic. “Despite increased household consumption, even in the dairy sector, overall growth would remain flat for the …

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