Amazon, Costco, CVS Health and Avenue Supermarts were the only companies in the top 25 to report a significant drop in their MCap in Q4 2022, whereas Nike, Ross Stores, Pinduoduo, etc, gained considerably.

Experts say the global retail industry is facing headwinds in the form of interest rate hikes and inflationary pressures. Increasing inventories and supply chain risks are also casting doubt on the growth prospects of the sector. Contrarily, the retail industry is looking towards changing trends such as omnichannel shopping, social commerce, and technological innovation.

#Amazon lost $294.3 billion in Q4 2022 compared to the previous quarter, its biggest decline in almost two decades. The company’s performance was impacted by various factors such as supply chain issues, the war in Ukraine, higher costs etc. Consumers’ growing preference to in-store (offline) shopping also impacted most of the e-commerce retailers overall.

Nike was the biggest gainer in the top 25 global retail stocks with a 40.4% in Q4 2022. Its valuation increased by more than $50 billion in the quarter, thanks to the improved economic outlook in the US, and the relaxation of the zero COVID-19 policy in China. In the next few quarters, the company anticipates a bump in sales in China, its key growth market.

0:00 Intro
2:10 #Banks promoting RuPay card and UPI will not attract GST on incentives
2:40 #Microsoft and Meta to evacuate US offices
3:10 #LG to reportedly manufacture micro-LED displays for Apple Watches
3:35 2023 Budget likely to amend Competition laws
4:05 Govt launches MAARG portal for startup mentorship

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