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News on Medial
From 60% rise in late-night shopping to men choosing luxury brands: Nykaa reveals shopping habits of Indian consumers
Livemint
·
7m ago
Medial
Nykaa's Beauty Trends Report for 2024 reveals key shifts in Indian consumer behavior. There's a 60% rise in midnight shopping, particularly for lipsticks and sheet masks. Korean beauty demand surged 2.5 times, and luxury products are favored by men. Popular items include Dior fragrances and Charlotte Tilbury products. Valentine’s Day leads as the top gifting season, while trends like co-ord sets and off-shoulder tops dominate fashion, driven by social media influence.
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Midnight's new children fuel booming late-night delivery economy
Livemint
·
1m ago
Medial
Restaurants and quick commerce platforms in India are experiencing a notable rise in late-night orders due to shifting consumer lifestyles and the convenience of food delivery apps. Despite this growth, challenges remain, such as obtaining permits and managing logistics for late-night services. This emerging trend is driven by the increasing number of available brands and consumers' hectic work schedules, transforming late-night hours into a new prime time for businesses.
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Why 86% of Indians plan to do their seasonal holiday shopping online
IndianStartupNews
·
1y ago
Medial
A recent survey by Cisco AppDynamics shows that 79% of Indian consumers plan to do more of their holiday shopping online this year compared to the previous year. The survey also reveals that 72% of Indian respondents expect their total holiday shopping to be conducted online, with 86% wanting to do more of their holiday shopping online this time. Reasons for the shift to online shopping include a broader range of choices, avoiding in-store rush, time constraints, shopping flexibility, convenience, and preference for the digital shopping experience. Consumer expectations for online retailers are also high, with any failures in applications or digital services causing anxiety and anger, and potentially pushing consumers back to in-store shopping. 80% of respondents stated that a subpar online shopping experience is not acceptable, and brands have just one chance this holiday season to make a lasting impression.
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The late-stage venture market is crumbling
TechCrunch
·
1y ago
Medial
CB Insights data reveals significant valuation declines across various startup stages globally. While early-stage valuations decreased by around 15%, late-stage deals (Series D and later) saw a more substantial 60% decline. This trend prompts discussions about the potential impact on the startup ecosystem and whether a contraction in late-stage dealmaking could lead to healthier capital allocation and quicker weeding out of underperforming companies.
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Shoppers unhappy with poor return policies, counterfeit goods on ecommerce platforms: Report
YourStory
·
6m ago
Medial
A study by Local Circles reveals that one in five consumers received counterfeit products from ecommerce platforms, notably in shoes, cosmetics, and fragrance categories. Restrictive return policies and the inability to report counterfeits hinder resolution, benefiting deceitful sellers. Online shopping comprises 7% of India’s $70 billion retail market yet is growing. Consumers report sellers exploiting no-return policies by mis-shipping products. The survey highlights dissatisfaction with return processes, urging government intervention for standardizing practices.
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Two men stole $230 million in cryptocurrency and went on a spending spree, US says
Economic Times
·
10m ago
Medial
Two men have been charged with stealing $230 million worth of cryptocurrency and using it for a luxurious spending spree, including travel, nightclubs, luxury cars, jewelry, and rental properties. The men, identified as Malone Lam and Jeandiel Serrano, conspired to steal the funds and then laundered them through various exchanges and mixing services. They were arrested by the FBI and are facing charges of wire fraud and money laundering. Cryptocurrency scams have been on the rise in recent years, with thieves using various techniques to steal victims' holdings.
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Luxury brands getting set to open new doors, to be ready by festive quarter
Livemint
·
1y ago
Medial
Several luxury brands are opening new stores in India ahead of the festive season, indicating a potential boost for the industry after a slowdown due to extreme summer heat and general elections. Brands such as Aquazzura, Diptyque, Baccarat, and Golden Goose are set to launch stores in Delhi, Mumbai, and Bengaluru. Luxury shopping centres like DLF Emporio and The Chanakya are also planning to add new brands and expand their offerings. The rise in luxury consumption in India is attributed to the country's growing affluent population and rising disposable incomes.
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On TikTok, Chinese manufacturers open a new line in trade war with US
Economic Times
·
3m ago
Medial
Chinese manufacturers are using TikTok and social media to encourage American consumers to buy products directly from their factories, bypassing traditional retail channels. Amid U.S.-China trade tensions and tariffs, this trend is growing, with Chinese shopping apps gaining popularity. Some influencers promote these factories, driving downloads of apps like DHGate and Taobao. The videos often mislead consumers about product origins, claiming ties with luxury brands. This bypass marketing has sparked political activism and challenges for genuine brands.
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Indian Consumers' Growing Appetite for Premium Products
Robots
·
1y ago
Medial
Indian consumers are increasingly opting for premium products and services across various sectors, from real estate to smartphones and luxury hotels. The shift in consumer behavior presents opportunities for businesses to cater to growing demand for higher-end offerings. Analysts suggest that rising incomes, COVID-19-induced changes in spending habits, and easier access to credit have contributed to this trend. However, improving workforce participation, especially among women, is essential for sustaining and accelerating this growth.
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50% of urban dwellers value quick delivery: PwC India report
Thehindubusinessline
·
1y ago
Medial
According to a report by PwC India, the next phase of e-commerce growth in India will be driven by digitally-savvy consumers in tier 2, 3, and 4 cities. The report highlights that more than 60% of people prefer shopping via apps, with a preference for marketplace apps that cater to multiple categories. Social media platforms also play a significant role in driving product trials. The report found that prompt delivery is a key factor for urban consumers, while consumers in other regions are more focused on discounts and bargains. Additionally, consumers prefer human interaction over chatbots for customer service.
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How India is using the Internet
Economic Times
·
1y ago
Medial
The number of active internet users in India has surpassed 820 million, with over 442 million coming from rural areas. Internet penetration in the country grew by eight percent in 2023. Urban India spends slightly more time online than rural areas, but women still lag behind men in internet usage. Video and audio streaming are the top internet activities, with one in five users watching video exclusively online. There is an increase in non-traditional device usage and social media shopping. Cash on delivery for online shopping is preferred by only 26 percent of users. Music streaming and local language use are also on the rise.
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