Pinch of Sugar

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July 8, 2024

Sharleen D'Souza, Business Standard Mumbai, 7 July 2024 In 2023, after more than two years of development and testing, Mondelez India launched a version of Bournvita that delivers about half the recommended daily allowance of key micronutrients for children, including iron, iodine, and zinc, as well as vitamins A, C and D. All this while having 15 per cent less added sugar. “Prior to this and around two years ago we also introduced Bournvita 50 per cent less sugar variant to provide an option for consumers. We have made adaptations to our portfolio products like Bournvita biscuits, which now have…

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Stop, thief! Retail giants are facing a new ‘lifting’ problem – not just from customers, but also staff & vendors

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June 15, 2024

Kolkata & New Delhi, 15 June 2024 Writankar Mukherjee and Faizan Haidar, Economic Times Indian retail is increasingly bedevilled by shrinkage or the loss of inventory due to shoplifting by customers, theft by employees, vendor fraud and supply chain errors. As a percentage of sales, shrinkage has risen at retail chains in India with industry executives attributing this to the rise in thefts amid growth in sales volumes. Tata-owned Trent Ltd said in its annual report that shrinkage swelled to 0.41% of sales in FY24 from 0.22% in FY23, primarily due to significant volume growth. In FY20, it was 0.21%…

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Growth gets thinner for Zara as competition grows in size

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May 20, 2024

Sagar Malviya, Economic Times Mumbai, 20 May 2024 Spain's Inditex, the owner of fashion brand Zara, saw its slowest ever sales growth in India, excluding the pandemic year, in FY24 as the world's largest fashion group faced rising competition from global rivals in the clothing market that is increasingly getting cluttered. Inditex Trent, its joint venture with Tata that runs 23 of Zara stores in India, saw revenue rise 8% to Rs 2,775 crore last fiscal, significantly down from 40% growth a year ago, according to Trent's annual report. Net profit was down too at Rs 244 crore, an 8%…

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Seamless Customer Experience in an Omnichannel Retail World

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May 8, 2024

At the recent Phygital Retail Convention in Mumbai, Devangshu Dutta anchored an engaging "Fireside Chat" with Bhavana Jaiswal of IKEA India and Kapil Makhija of Unicommerce , on retailers engaging with their customers across channels and formats, and the opportunities as well as challenges in managing experiences seamlessly across online and offline interfaces. Watch the video at this link: https://youtu.be/Vdycbw_l7Pk?si=53Nn7Wj_hMuFPtXb

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Starbucks Records Slowest Growth Since Pandemic In India Last Fiscal

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May 6, 2024

Sesa Sen, NDTV Profit 6 May 2024 Starbucks Corp., the world’s largest coffee chain, posted its slowest sales growth in India since the pandemic. The coffee giant is struggling to bring in as much business as it has in the past as consumers reduce their visits even as it prepares for ambitious store expansion in a tea-drinking nation. The India unit formed in partnership with the Tata Group clocked net sales of Rs 1,218 crore, a growth of 12%, during the year ended March 2024, according to Tata Consumer Products Ltd.'s latest investor presentation. The Seattle-based retailer experienced a compounded…

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