Realme plans offline-centric smartphone series, to expand retail presence

NEW DELHI: Smartphone maker Realme on Wednesday said it is working on deepening its presence in brick-and-mortar retail and will introduce an offline retail-centric series of devices next year as part of its efforts to strengthen its hold in the Indian market. realme, which ranks fourth in the Indian smartphone market, is also looking at … Read more Realme plans offline-centric smartphone series, to expand retail presence

Retailers have less in stock for festivals amid poor sentiment

NEW DELHI|KOLKATA: Muted growth has forced consumer goods retailers to scale down inventories up to 30% anticipating poor sentiment hitting festive season sales. Smartphone retailers said stocking for the month is down 30% over a year ago and is likely to remain low because of sluggish sales. “If ecommerce companies run massive discounts during their … Read more Retailers have less in stock for festivals amid poor sentiment

Festive sales outlook for smartphones and appliances positive: GfK India

KOLKATA: Smartphone and consumer electronic sales tracker GfK India expects the crucial festive season sales of these categories will be robust whereby sales growth in the July-December period will be more than the first six months of the year. GfK India managing director Nikhil Mathur said value growth of smartphones and appliances will be more … Read more Festive sales outlook for smartphones and appliances positive: GfK India

There’s no slump in demand for phones and white goods

KOLKATA: Consumers may be cutting down on consumption of daily necessities and deferring purchase of apparel and cars, but smartphones and white goods seems to have bucked the trend. Latest data by market researcher GfK show unit sales of products like smartphones, smart speakers, washing machines, refrigerators and air-conditioners have grown at a faster pace … Read more There’s no slump in demand for phones and white goods

Summer heat sends sale of ACs, refrigerators soaring

ET Retail

KOLKATA: Overall consumption growth in rural areas might have been in the red, but soaring mercury and easy finance seem to have set the sale of white goods on the boil in these markets this summer. Companies, however, do not see this as a revival of consumer sentiment. Smaller cities and towns with less than … Read more Summer heat sends sale of ACs, refrigerators soaring

Chinese invaders force big TV brands to tweak pricing call

ET Retail

KOLKATA: Samsung and LG, India’s two biggest television set makers, are cutting prices to counter online-exclusive and Chinese brands. The South Korean duo, which between them make three of the five sets sold in the country, will slash prices by about a fifth, said four industry executives. The full effect of the cuts, in the … Read more Chinese invaders force big TV brands to tweak pricing call

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