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Ecommerce: Growth in active users for top online retailers in India slowed down significantly in 2023, indicating a shift back to brick-and-mortar stores. The growth rate of 10% was the lowest in five years, compared to 22-55% growth in previous years. The slowdown is attributed to consumers partially switching back to offline shopping. ....
Indian Retail Market: The drop in the growth rate for organized retailers is higher than that of category. Some large retailers have reported a decline in LFL store growth. Profitability at the same time has remained consistent and in line with global peers, the report said. ....
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing of a memorandum of understanding between the National Investment Commission (NIC) and South Korea's Hanwha to resume work on Bismayah City residential development. The visit on Monday morning included a meeting with residents, where their feedback on provided services was heard, prompting directives ....
Illegal colonies taken over, time now to lay water network & tiles in Gurgaon. MCG initiates development work in Ryan Enclave, Saraswati Enclave, and more. Find out the details. ....
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Monday focused on reviewing and improving the performance of Iraqi Airways. Discussions included aircraft maintenance and repair, with directives to finalize repairs by the end of the year. Additionally, plans to increase and train airline crews were addressed to elevate service standards. ....