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Strong Consumer Spending Boosts India’s Economy During Festive Season

06 November 2023, Mumbai

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

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EconomicGrowth

Strong Consumer Spending Boosts India’s Economy During Festive Season

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

Strong Consumer Spending Boosts India’s Economy During Festive Season

Rare and Basics (R&B) expands footprint with grand opening of Hyderabad store

Fashion enthusiasts in Hyderabad have reason to celebrate as Rare and Basics (R&B), the chic fashion brand under the Apparel Group umbrella, has just unveiled its latest store at Ashoka One Mall in Kukatpally. This marks the 13th retail outlet for R&B in India and the fourth in Hyderabad.

Apparel Group, the global fashion and lifestyle retail conglomerate headquartered in Dubai, introduced R&B to the world in October 2012 with the launch of its first store in Oman. With a presence in seven countries, including India, Oman, UAE, Qatar, Bahrain, Kuwait, and Saudi Arabia, the brand continues to capture hearts across the globe.

In India, R&B has already established itself in key cities such as Kozhikode, Kochi, Ahmedabad, Bengaluru, Mangalore, Mysore, and now Hyderabad. With a portfolio of over 80 brands, including renowned names like Aldo, Tommy Hilfiger, Victoria’s Secret, and more, Apparel Group is making waves in the Indian fashion scene. Hyderabad's fashion scene just got a stylish upgrade with the arrival of R&B's latest store.

Rare and Basics (R&B) expands footprint with grand opening of Hyderabad store

Meesho launches Meesho Mall to venture into branded products

Expansion Aligns with Meesho's Vision of Democratizing Online Commerce

Meesho, the e-commerce platform, has recently announced its foray into the realm of branded products through the launch of Meesho Mall. This expansion aligns with the company's vision of democratizing online commerce for all, as it aims to digitalize the operations of small-scale merchants and regional brands, integrating them into the e-commerce ecosystem.

Meesho Mall is a curated section on the Meesho app that features a wide range of branded products from various categories, including apparel, footwear, electronics, beauty, and home décor. The platform offers a number of benefits to its customers, including:

  • Access to a diverse and cost-effective product range
  • Assurance of quality and authenticity
  • Convenience of shopping from the comfort of their homes
  • Hassle-free returns and exchanges

Meesho Mall is a welcome addition to the Indian e-commerce landscape, as it provides a platform for small-scale merchants and regional brands to reach a wider audience and grow their businesses.

Meesho launches Meesho Mall to venture into branded products

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