Latest news with #Parachute
Time of India
a day ago
- Business
- Time of India
‘Q-Comm Cos Preying on Other Retail Channels to Drive Growth'
HighlightsOnly 6–8 per cent of sales on quick commerce platforms are truly incremental, with most growth occurring at the expense of modern trade and ecommerce. Quick commerce platforms, such as Zepto, Blinkit, and Instamart, are generating limited new demand and are primarily taking market share from other sales channels. Despite quick commerce being the fastest-growing sales channel, it still accounts for only 3-6 per cent of overall sales for most consumer goods firms in India. Only 6–8 per cent of sales on quick commerce platforms are truly incremental, while most of the channel's growth comes at the expense of other formats—primarily modern trade and ecommerce, followed by local kiranas, according to a report by Kearney. This is despite supermarkets and ecommerce platforms offering the steepest discounts to shoppers—typically in the range of 13–18 per cent, compared to 6–9 per cent on quick commerce and 2–5 per cent on kiranas or general trade, said the report exclusively shared with ET. Industry officials agreed that platforms such as Zepto , Blinkit , and Instamart are generating little in terms of new or additional demand. 'Quick commerce is taking some share from marketplaces, they are taking some share from general trade," said Saugata Gupta , managing director of Marico, maker of Parachute oil and Saffola cooking oil. To reduce ' cannibalistic sales ,' the company needs to 'ensure that we have a tailor-made portfolio to drive offtake, and not just give price discounting,' he added. While quick commerce started off as a top-up service for last-minute purchases for groceries and small-ticket items, it is now the fastest-growing sales channel, especially for premium portfolios. The contribution of quick commerce to ecommerce sales has been doubling every year, although on a small base. It roughly accounts for between 3-6 per cent of overall sales for most consumer goods firms in the country.
Time of India
a day ago
- Business
- Time of India
Quick commerce growth cannibalising other retail channels, says Kearney report
Mumbai: Only 6-8% of sales on quick commerce platforms are truly incremental, while most of the channel's growth comes at the expense of other formats-primarily modern trade and ecommerce, followed by local kiranas, according to a report by Kearney. This is despite supermarkets and ecommerce platforms offering the steepest discounts to shoppers-typically in the range of 13-18%, compared to 6-9% on quick commerce and 2-5% on kiranas or general trade, said the report exclusively shared with ET. Industry officials agreed that platforms such as Zepto , Blinkit , and Instamart are generating little in terms of new or additional demand. "Quick commerce is taking some share from marketplaces, they are taking some share from general trade," said Saugata Gupta, managing director of Marico , maker of Parachute oil and Saffola cooking oil. To reduce "cannibalistic sales," the company needs to "ensure that we have a tailor-made portfolio to drive offtake, and not just give price discounting," he added. While quick commerce started off as a top-up service for last-minute purchases for groceries and small-ticket items, it is now the fastest-growing sales channel, especially for premium portfolios. The contribution of quick commerce to ecommerce sales has been doubling every year, although on a small base. It roughly accounts for between 3-6% of overall sales for most consumer goods firms in the country. Before the entry of quick commerce companies, only about one-third of shoppers in top metros favoured online platforms for their daily shopping. Today, 87% people in these cities shop online, highlighting a major consumer shift helped by convenience and instant gratification that quick commerce provides, the Kearney report noted. However, the shift is not consistent across all categories. "In the initial growth phase, food categories have seen the highest migration, with staples leading adoption-challenging the notion that quick commerce is primarily for top-up purchases," said Siddharth Jain, partner at Kearney. However, the shift in fresh produce is lower-indicating that consumers still prefer to handpick such items, he noted. "Adoption in categories such as personal care and electronics is also lower, likely because of the limited assortment offered by quick commerce platforms in their early stages." Kearney expects the quick commerce grocery market to grow threefold between 2024 and 2027, reaching about ₹1.5 lakh crore to ₹1.7 lakh crore and extending to all towns with a population of 500,000 or more by then. Consumer companies also expect the segment to continue its growth. "It's growing because there's a three-cornered fight between the three big players in that space," Varun Berry, vice-chairman of biscuits major Britannia Industries , told investors. "And I think there are certain categories where it even becomes 30% and 35%." The industry is largely controlled by Zepto, Zomato's Blinkit and Swiggy Instamart even as top ecommerce players including Flipkart and Amazon have entered the segment. Last week, Coca-Cola global chief operating officer Henrique Braun said India has accelerated tremendously in digitisation. "One of the things that was, to me, an eye opener as well, in terms of another channel that's developing here is the quick commerce that is very unique to India. It's accelerating... Every time I come in, it's bigger," he said. Earlier this year, Unilever global CEO Fernando Fernandez said he expects the channel to contribute 10-15% sales in India in the next three-four years, from 2-3% at present. "India is a very special place because richer Indians and poorer Indians live in close proximity that basically provide demand and supply of labour, making quick commerce a logical channel to grow," he said.
Time of India
2 days ago
- Business
- Time of India
Quick commerce growth cannibalising other retail channels, says Kearney report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Only 6-8% of sales on quick commerce platforms are truly incremental, while most of the channel's growth comes at the expense of other formats-primarily modern trade and ecommerce, followed by local kiranas, according to a report by is despite supermarkets and ecommerce platforms offering the steepest discounts to shoppers-typically in the range of 13-18%, compared to 6-9% on quick commerce and 2-5% on kiranas or general trade, said the report exclusively shared with officials agreed that platforms such as Zepto Blinkit , and Instamart are generating little in terms of new or additional demand."Quick commerce is taking some share from marketplaces, they are taking some share from general trade," said Saugata Gupta, managing director of Marico , maker of Parachute oil and Saffola cooking oil. To reduce "cannibalistic sales," the company needs to "ensure that we have a tailor-made portfolio to drive offtake, and not just give price discounting," he quick commerce started off as a top-up service for last-minute purchases for groceries and small-ticket items, it is now the fastest-growing sales channel, especially for premium portfolios. The contribution of quick commerce to ecommerce sales has been doubling every year, although on a small base. It roughly accounts for between 3-6% of overall sales for most consumer goods firms in the country. Before the entry of quick commerce companies, only about one-third of shoppers in top metros favoured online platforms for their daily shopping. Today, 87% people in these cities shop online, highlighting a major consumer shift helped by convenience and instant gratification that quick commerce provides, the Kearney report noted. However, the shift is not consistent across all categories. "In the initial growth phase, food categories have seen the highest migration, with staples leading adoption-challenging the notion that quick commerce is primarily for top-up purchases," said Siddharth Jain, partner at Kearney. However, the shift in fresh produce is lower-indicating that consumers still prefer to handpick such items, he noted."Adoption in categories such as personal care and electronics is also lower, likely because of the limited assortment offered by quick commerce platforms in their early stages."Kearney expects the quick commerce grocery market to grow threefold between 2024 and 2027, reaching about ₹1.5 lakh crore to ₹1.7 lakh crore and extending to all towns with a population of 500,000 or more by companies also expect the segment to continue its growth. "It's growing because there's a three-cornered fight between the three big players in that space," Varun Berry, vice-chairman of biscuits major Britannia Industries , told investors. "And I think there are certain categories where it even becomes 30% and 35%." The industry is largely controlled by Zepto, Zomato's Blinkit and Swiggy Instamart even as top ecommerce players including Flipkart and Amazon have entered the week, Coca-Cola global chief operating officer Henrique Braun said India has accelerated tremendously in digitisation."One of the things that was, to me, an eye opener as well, in terms of another channel that's developing here is the quick commerce that is very unique to India. It's accelerating... Every time I come in, it's bigger," he this year, Unilever global CEO Fernando Fernandez said he expects the channel to contribute 10-15% sales in India in the next three-four years, from 2-3% at present. "India is a very special place because richer Indians and poorer Indians live in close proximity that basically provide demand and supply of labour, making quick commerce a logical channel to grow," he said.
Vogue Singapore
2 days ago
- Business
- Vogue Singapore
Bottega Veneta melds tactile artistry with thoughtful design
If there's one thing Bottega Veneta understands, it's the art of tactility—expressed through precision, pace and a constant return to craftsmanship. This pre-fall 2025 season, the Italian brand continues to define a quietly assured kind of modern luxury built on close collaborations with top-tier ateliers and a material palette that's deeply considered. Each piece feels both new and enduring, designed with evolution in mind. The Parachute bag, originally inspired by an archival tote, returns with a new, perfectly scaled intermediary size. What stands out first is the woven calf leather—soft and fluid, with just enough structure to hold its form—complete with coaxial top handles or an adjustable crossbody strap. The signature muse brass knot adds a refined metallic accent, striking the ideal balance for an accessory that completes both tailored and off-duty looks with understated charm. The suede rendition of the Andiamo bag enhances the effect and depth of the Intrecciato weaving Courtesy of Bottega Veneta Then there's the small Ciao Ciao bag. The name already hints at its personality—light-footed, full of momentum—and the design follows suit. Compact and crisp, it features the luxury brand's coaxial braiding, muse knot and a flap that fastens to the front or tucks inside an Intrecciato pocket. Wear it crossbody with a sweater and jeans, or remove the strap for a seamless shift into an evening clutch—polished and adaptable, no matter the time of day. The Andiamo range—its name capturing the spirit of spontaneity and movement—introduced in spring/summer 2023, exudes an adventurous spirit. With its refined structure and Intrecciato weave, the Intrecciato bag adapts easily to a life in motion. The Suede version spotlights the weave with a tactile 3D effect, enhancing its depth and texture. The supple leather, soft yet durable, drapes with a relaxed, slouchy silhouette that subtly evolves, moulding to its owner's unique touch over time. Meanwhile, the multicolour coaxial silhouette stands as a visual masterpiece, crafted with precision and attention to detail. Each braid of leather shifts in tone, creating a dynamic, layered effect that draws the eye in—its richness unfolding without ever feeling overdone. The small Ciao Ciao silhouette features a flap that can be latched in the front or tucked into the bag's Intrecciato pocket. Courtesy of Bottega Veneta Footwear completes the accessories line, notably the Orbit Flash: a ballet-sneaker hybrid that merges '70s sport with a fresh, contemporary twist. Its sleek, lightweight design is enhanced by dynamic overlays and contrasting hues, creating a distinctive look while nodding to retro influences. Then there's the Eliot, reintroduced in a new low-top design. Retaining the clean lines of the original, this style is inspired by '80s vintage basketball sneakers, offering a practical yet tasteful option. Both styles pair easily with tailored pieces, loose knits or breezy separates, adding a unique touch to any outfit. Altogether, Bottega Veneta's pre-fall 2025 line showcases a confident continuation of the Italian brand's current rhythm, delivering sophisticated, useful designs that feel right for now. A compelling collection of pieces—modish, but not fleeting—that underscores the house's direction, a revelatory symbiosis between craft and purpose. Ultimately, this season's offerings represent a clear-eyed evolution of the luxury brand's current chapter: functional and intuitively stylish. Vogue Singapore's June 'Gold' issue will be out on newsstands from 13 June and available to preorder online.
Yahoo
26-05-2025
- Business
- Yahoo
Here's What's Worth Buying At Nordstrom's Half-Yearly Sale Right Now
If you typically look forward to the highly anticipated Nordstrom Anniversary sale, then I've got great news for you: The wait on really good deals is pretty much over. To usher in the spring season, the beloved retailer . Even more surprisingly, there are actually plenty of sizes and color options of nearly everything marked down. From cult-favorite beauty products to sneakers that actually look good without compromising your comfort, the Nordstrom spring sale is definitely chock-full of worthy deals. See the best of the best below and grab your must-haves before the sale ends in a few days. Until June 1, you can expect on Nordstrom icons, luxury items, and recognizable brands that have a reputation for being pricy. To get you started, we collected some solid choices in the collection ahead, but just know that, in some cases, only select styles or colors are eligible for the full discount. Nordstrom This pair of relaxed pants is sure to be a chic summertime essential in your wardrobe. Intentionally loose-fitting and thoughtfully cropped, they are made from a breathable linen blend and have a comfortable drawstring waistband. Shop them in four colors and women's sizes XXS-2XL. $41.65 at Nordstrom (regularly $59.50) Nordstrom Fans of Staub's exquisite and top-performing cookware should scoop up this deal on its four-piece bakeware set made from the brand's signature durable enamel stoneware. These scratch-resistant pieces promise to diffuse heat gently and evenly and retain heat "exceptionally well," according to the brand. Only two colors are available for this discount. $149.99 at Nordstrom (regularly $219.99) Nordstrom These everyday sneakers are the perfect blend of form and function. The Hoka Arahi 7s are delightfully plush, with a responsive foam cushion that's designed to make every step feel cloud-like. Yet, despite what feels like an ultra-thick, cushy insole, the shoe itself is light as a feather (according to reviewers like Grettz), so you don't feel like you're knocking around with bricks on your feet. The midsole also boasts a "J-Frame" midsole, a Hoka-exclusive design that provides stability and "guides the foot's natural gait," according to the brand. This particular sale applies only to select colors, but don't fret, because Nordstrom has a few other Hoka styles on sale. Women's: $116+ at Nordstrom (regularly $145) Men's: $108.75+ at Nordstrom (regularly $145) Nordstrom Rated a near-perfect 4.9 out of 5 stars, Parachute's waffle throw is a home essential made from Turkish cotton and with tons of future heirloom potential. It comes in four Oeko-Tex certified yarn-dyed colors, but only the cream and agave colorways are on sale. $104.03 at Nordstrom (regularly $149) Nordstrom Hydro Flask is a recognized name in the world of trusted drinking vessels, known for keeping drinks cold (or hot) for up to 24 hours using its double-walled and vacuum-insulated design. Unlike other popular tumblers on the scene, this one has a flexible silicone straw that's already attached to the splash-resistant lid. It also has a thoughtfully slim base to fit most cup holders. (Only the berry color pictured is on sale.) $27.98 at Nordstrom (regularly $39.95) Nordstrom According to customer-loved intimates brand Wacoal, this "perfect" T-shirt bra doesn't have any uncomfortable underwire, seamless edges that won't show under tight clothing, and is made from a smooth brushed fabric that's buttery soft against the skin. Only a few colorways of this are eligible for a discount, but it's available in cup sizes up DDD, with the most size variety in the pictured colorway (stone). $26.99+ at Nordstrom (regularly $68) Nordstrom Grab this jar of multi-tasking moisturizer by Perricone MD if you want anti-aging skin care for a whopping 40% off. Adhering to the brand's longstanding history of making innovative and science-backed products. The Finishing & Firming cream contains DMAE, a signature ingredient that promises to address loss of elasticity, plump the skin over time, and protect it from environmental stressors known to cause premature aging. Not only will it nourish and hydrate, but this cream also contains SPF 30 to shield you from sun damage. $47.40 at Nordstrom (regularly $79) Nordstrom The Icon is Antlers' perfect packing solution for practical and streamlined travel that offers ample interior and exterior organization and generous storage. Compatible as a carry-on (yes, there's a convenient trolley strap in the back to slide over luggage handles), this weekender bag has an internal laptop sleeve, two large inner zip pockets, a large exterior zip pocket, and a couple of hidden sleeves for valuables like phones and passports. It comes in three colors. $140 at Nordstrom (regularly $175) Nordstrom Reviewers report that this stylish sandal is actually comfortable to walk in and can be worn at home or on trips abroad. The Nelli is Blondo's leather T-strap sandal featuring a contoured memory foam footbed that's cushioned and a strap that won't rub uncomfortably in between your toes. Shop this pair in five colors and women's sizes 5-11. $69.99 at Nordstrom (regularly $109.95) Nordstrom On days when you don't want to go with a full face of foundation, the Giorgio Power Fabric+ concealer can do just the trick to give you ultra-light coverage. Like its parent foundation, reviewers rave about its coverage and that it applies well to various skin types. At 50% off, you really can't lose with this. Promising review: "This multi-retouch concealer by Armani is silky like their foundations; not dry like other concealers. I am 68 years old, and it glides over any dark spots, wrinkles and what tends to be dry skin under my eyes. absolutely love it and would purchase it again and again." — Karen Mata $20 at Nordstrom (regularly $40) Nordstrom Save half off on this uniquely textured bath towel that resists snagging, is quick-drying and "hard wearing," in the words of the brand. It comes in six colors, each one Oeko-Tex certified to be free from harmful dyes. $18 at Nordstrom (regularly $36) Nordstrom Available in navy blue or tan (pictured here) and men's sizes 29-40, these everyday pants by Treasure & Bond are made with a stretch cotton that moves with your body and isn't a nightmare to wear. They fit straight through the leg and look smart enough for occasions that call for a little polish. $41.70 at Nordstrom (regularly $69.50) Nordstrom Loosely inspired by menswear and promising a fluid, drapey fit, this Nordstrom-exclusive pajama set is knit from an organic tencel modal fabric that's buttery soft, cooling and organic. You can shop this luxe-feeling sleepwear in several colors (and even a short version) and women's sizes XXS-XL. But heads up, only select styles are eligible for the discount. Long: $49.99+ at Nordstrom (regularly $79) Short: $45.50+ at Nordstrom (regularly $65) Nordstrom Are you still carrying around a bulky wallet in your bag? This leather card holder from Maison de Sabré has six slots so you can have nights out with only your ID and preferred forms of payment. Although we're partial to this emerald green option, there are four other styles (including the beloved, ever-neutral black) to choose from as part of this sale for $74.25. $74.25 at nordstrom (regularly $99) Nordstrom The thing about dresses is that while they can be so convenient to slip in and out of, they can also be a little uncomfy too, depending on the fabric and fit. However, finally, there's a one-shoulder bodycon dress that won't send you flying home to change clothes after a long day. The ASTR one-shoulder dress is just dress enough to make sense for a night out, brunch or maybe even work, depending on your office vibe. Still, its rib-knit material makes it feel like a light hug that'll move with you instead of feeling constricted. This style is moving fast — certain colors sold out as we put together this roundup. Get the remaining black colorway in sizes S-XL before it's gone for good. $57 at Nordstrom (regularly $95) Nordstrom If you ever salivated over the gorgeous, crisp white trenches that Capitol fixer Olivia Pope wore on ABC's "Scandal," then you already know what time it is. But if you haven't? Let me just say nothing says "It's handled — with style" quite like this perfect in-between weather jacket. Grab this BCBG Max Azria option while it's 34% off and available in sizes XS-XL. $149.99 at nordstrom (regularly $228) Target Partnered With A Beloved Brand On 'Cloud-Like' Bedding — And It'll Probably Sell Out Fast Remember Skorts? They're Trending Again — And Everyone's Buying Them For Summer These Reader-Beloved Walking Shoes Will Last Forever, According To Reviews
