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Retail News

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The Pandemic Is E-commerce Time To Shine. But For How Long? The coronavirus pandemic has lasted just over two months across most of the world and already it has destroyed some esteemed giants of the retail world. If we talk about the U.S then, in the United States, several large retailers including luxury retailers like Neiman Marcus have shown the signs of strain and even worse than it is now declared bankrupt. And on the…

KARACHI – Telenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa has been empowering the lives of Pakistani citizens and leading the digital revolution by providing convenient payment solutions to users even during these challenging times. Easypaisa – Pakistan’s first mobile-based branchless banking service – gives complete convenience and empowerment to its customers. Their services include liable over-the-counter transactions, mobile banking as well as domestic and international remittances. Along…

Online retail offers little hope for vendors during COVID-19 in Pakistan KARACHI: Online retail offers little hope for vendors during COVID-19 in Pakistan. Karachi, the largest city of Pakistan, is home to a vast informal economy and was once a land brimming with opportunities for enterprising individuals. Its social fabric comprises a large multi-cultural population, including vendors and retailers from across the country, working in the formal as well as the informal sector, who would…

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th May 2020): Timesaco – Govt. Agrees to Collaborate on Promotion of E-commerce Retail. The government of Pakistan and Chinese digital company Timesaco had agreed to work on a shared goal of a common e-commerce platform for introducing the online retail business in the current challenging situation of COVID-19 pandemic “We are negotiating with the ministry of commerce and soon both side would sign Memorandum of…

ISLAMABAD: Daraz launches country’s first e-commerce index. Pakistan’s first e-commerce index was launched at an online event, hosted by Daraz, showing an increase in digital payments and growing demand for online shopping. Federal Secretary for IT and Telecommunication Shoaib Siddiqui attended the event. The purpose of the index is, not only providing insight about consumer behavior online amid the Covid-19 pandemic, but to also help stakeholders linked with the e-commerce industry, understand the online shopper.…

Online grocery sales grow 33% in 2020 as shopping habits shift permanently Where global retail is struggling under a new regime of consumer behaviour, online grocery shopping is booming with the sector set to grow 33% in 2020 to reach an estimated value of £16.8 billion, up from £12.7 billion in 2019. Online grocery sales grow 33% in 2020 as shopping habits shift permanently. This rise follows four consecutive years of slowing growth: in 2019…

Retail Stores Create The New Normal As Businesses Begin To Open Up. The future retail environment is weighing on the minds of companies, shoppers and employees. People want to feel safe, get their lives back to normal and start shopping again. While shoppers are anxious to get out of their homes, the return to normal may take time. However, it will be a new normal. There is not a unified reopening strategy across all states…

Daraz launches HamQadam program with Rs4.5 crore subsidy to support businesses. While the total economic impact of the outbreak of Covid-19 in Pakistan is yet to be gauged, it has become evident that the small-and-medium enterprises (SME) sector – which contributes 40% to the country’s GDP and 80% of total non-agricultural employment – has borne the brunt of the downturn in commercial and trade activity. In order to revive the economy and further mitigate the…

Learn About Changing Trends and Outlooks of Retail channels in Pakistan Changing Trends and Outlooks of Retail channels in Pakistan. The retail universe in Pakistan has rapidly gone through an evolution especially after the proliferation of modern retail outlets and development of big shopping malls. E-Commerce, on the other hand, has also emerged as a new retail channel in Pakistan with significantly important players like Daraz and Alibaba competing for market share. The demographics in…

Retail giants like Amazon capture more ad spending Why Retail giants like Amazon capture more ad spending? Advertisers in areas like clothing, pharmaceuticals, electronics, personal care and, in particular, consumer packaged goods media agency execs say ad dollars are moving toward retail and grocery media channels from Amazon, Walmart, Target and others. Ad buyers see this a burst of speed of a trend toward retail media channels that were already happening in the market, driven…