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Around 45% marketing leaders plan to invest in GenAI in the next 12-24 months: Report: Best Media Info

Around 45% marketing leaders plan to invest in GenAI in the next 12-24 months: Report: Best Media Info
bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.

Retailers see sluggish growth in January - The Hindu BusinessLine

Retailers see sluggish growth in January - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Retailers report 5% Y-o-Y growth in January

Retail sales in January 2024 grew by a mere 5% compared to January 2023. Despite the festive season, growth in October and November was only 7%, and in December, it was 4%. Negative growth was observed in the east and south of the country due to weak consumer demand. The highest growth was seen in West India at 6%.

Revenue: Slowing consumer sales growth marks end of revenge shopping

"Revenge shopping that we saw during the pandemic was never sustainable. While people are buying higher priced products including cars and electronics with finance options, the increasing EMI every month is forcing them to cut back on lifestyle products like clothing and accessories," said Kumar Rajagopalan, chief executive officer of RAI.

How AI & automation are making retail come alive for the new gen

India Business News: Retail customers are changing so dramatically that retailers say the only way to provide the experiences customers expect is to adopt AI and automatio.

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