Consumers

The demand for regular packs has revived especially in categories like snacks, biscuits, edible oil, and detergents after more than a year

Walmart on Tuesday reported strong sales during the holiday season as budget-conscious consumers looking for better deals flocked to its stores. The report was a good showing for the company, considering consumers had overall cut back on their spending during the traditional November-December shopping period. Though sales rebounded at stores and restaurants last month, showing shoppers are still spending despite higher prices and several interest rate hikes by the Federal Reserve in an effort to curb the problem. The nation's largest retailer also delivered full-year sales of $611.3 billion, up 6.7% compared to the prior year. But it gave cautious guidance for the next fiscal year, saying it expects sales to increase between 2.5% to 3% and U.S. sales to jump 2% to 2.5%. And it forecast adjusted earnings per share ranging from $5.90 to $6.05, excluding fuel. Analysts surveyed by FactSet forecast $6.52 per share, on average. Shares fell more 4% in premarket trading. Walmart, like

The grievance redressal mechanism of many big e-commerce players is not up to the mark as the number of complaints received by the National Consumer Helpline has risen sharply over the last four years, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday. Addressing an event organised by the Public Affairs Forum of India (PAFI), Singh said the number of complaints registered on the National Consumer Helpline (NCH) has gone up to 90,000 in November compared to 40,000 in the same month last year. "Four years back, the number of complaints pertaining to e-commerce transactions was 8 per cent of the total complaints. Last month, it was 48 per cent of the total complaints," he said. "That means that grievance redressal system of many of the big e-commerce companies is not working up to the mark," he added. Singh noted that the power equation between the consumer and seller has suddenly changed. "Consumer is getting weaker and weaker, that's where the role of this ministry becom

Domestic flight bookings so far this year have driven $76 billion in online spend, 17 per cent more than the comparable period in 2019 (pre-pandemic), where $65 billion had been spent

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr

5G consumer readiness is strong in India, with the intention to upgrade to 5G being 2-3 times higher than in developed markets such as the US and UK which has had 5G for some time.

Many consumers, meanwhile, are planning to cut back because higher food and fuel costs have left them with less to spend.

People prefer making transactions online but regard service charges as unjustified and costly

By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business

Pent-up demand from customers post-pandemic for immersive engagement and convenient in-store experiences has driven productivity at retail spaces, says report

Committee identifies farming equipment, cell phones, consumer durables among sectors for policy

Delhi Chief Minister Arvind Kejriwal on Monday said the increase in power purchase adjustment cost (PPAC) won't impact consumers

Just 13% used them to fund holidays and social events since restrictions lifted, and 19% used the money for home improvements or moving house

Both government and private advertisements shall be covered by the new set of rules

The bounce rate is always higher by volume than value as lower ticket sizes generally tend to bounce more

The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.

Orders have grown 13x since July 2021, pet supplies, stationery among new categories added. Next up: musical instruments, industrial supplies, books, video games

The UK government on Tuesday joined a slew of nations in cracking down on misleading cryptocurrency ads to protect consumers.

In a Q&A, the firm's executive director dwells on the more long-lasting consumer trends, the recovery in distribution channels and emergence of a dual trend in demand