One of the hottest topics of debate in investment circles in recent years has been around the disruption caused by e-commerce to brick-and-mortar entities. Many experts have warned that the rising popularity of e-commerce giants like Amazon would inflict a heavy toll on brick-and-mortal retailers, leading to downgrades of organized retailers and mall operators — […]
Mumbai-based footwear retailer Metro Brands Ltd plans to pursue a multi-channel, multi-brand strategy for growth in coming quarters, the company told analysts from Nuvama Institutional Equities. Metro Brands operates over 600 stores across India for its flagship Metro branded outlets and other brands like Mochi, Walkway, Da Vinci and J Fontini. The company listed on […]
Vakrangee Ltd said it would spin off its IT services business into a separate, listed entity. The company’s mainstay business of franchising Vakrangee Kendras, as well as its BharatEasy app, will remain with the current listed entity known as Vakrangee Ltd. The company said it was doing so as both businesses have evolved into very […]
Vakrangee Ltd said it has tied up with BigHaat Agro Private Ltd to provide end-to-end Agri services, digital advisory as agri input products, including seeds and fertilizers. BigHaat is a digital agricultural platform that offers valuable inputs to farmers by using science, data and technology, such as end-to-end crop guidance and market linkages for various […]
Branded apparel maker Arvind Fashions, which sells clothes under brands such as Arrow, Tommy Hilfiger, US Polo and Flying Machine in India, is trying a new strategy as far as its online business is concerned, said Director Kulin Lalbhai. While traditionally, garment vendors have looked at e-commerce as a way to get rid of their […]
Future Retail, the pioneering modern retail chain founded by Kishore Biyani, today said it will take steps to implement its agreement with Reliance Retail as it is not a party to the agreement quoted by global retailer Amazon to block its merger with Reliance Retail. The agreement is with one of its promoters and group […]
Some of the gains made by the e-commerce sector during the COVID-19 lockdown is permanent and retailing will never be the same again even after the pandemic, said Sanjiv Mehta, chairman and managing director of Hindustan Unilever Ltd. As India’s largest supplier of consumer goods, HUL has a lot at stake in health and longevity […]
Department store chain Shoppers Stop, the pioneer of organized retail in India and one of the country’s largest retailers of fashion and beauty products, will connect its individual stores to its Amazon shopfront by next month as part of its omni-channel strategy. It also said it would focus on Tier 2 and Tier 3 towns […]
D-Mart, arguably India’s most successful low-cost retailer, may be looking at a multi-city e-commerce launch in coming days, after years of avoiding the sector citing the gruesome economics of online retail in India. Avenue Supermarkets, or D-Mart as most people would know it, is known for its fanatic focus on keeping costs down and its […]
Kerala State Co-operative Consumers’ Federation Ltd, popularly known as ConsumerFed, has started online ordering of grocery kits, starting with the Ernakulam district. The government-controlled body, however, is yet to scale up deliveries, and is accepting only 100 orders per day. Moreover, orders are currently being delivered only out of the Kakkanad depot, in an around […]
Kerala High Court has stayed a government of Kerala order allowing the sales of alcohol to anyone who produces a doctor’s prescription for the same. A civil supplies department official had issued directions to liquor dispensing agencies instructing them to provide liquor in case a person came with a doctor’s prescription for the same. At […]
Amazon, the US-based online retailer, released a bunch of numbers on the final day of its five-day festival sale to paint a surprisingly rosy picture of its performance during the biggest sales event of the annual online calendar. Notable among the numbers was a 15-fold jump in the sales of smartphones during the sale period, […]
US Secretary of Commerce Wilbur Ross today said that e-commerce giant Amazon, one of the biggest foreign investors in India, had scaled down its plans for investments in this country after the government came up with new, protectionist and restrictive ecommerce rules. In what was seen as a nasty blow to the likes of Walmart […]
Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses in India, said it has entered into an agreement with international e-commerce giant Amazon.com relating to investment in and operations of an electronics aftersales company. Though the finer details of the agreement were not revealed, the agreement could be aimed at diversifying the […]
Even as Amazon and Flipkart find their business models crippled by new changes in the law, India’s richest man Mukesh Ambani announced that his upcoming e-commerce venture will partner with 3 cr sellers, making it the biggest such platform in the country by number of sellers. “Jio and Reliance Retail will shortly launch a unique […]
Mukesh Ambani, chairman of Reliance Industries group, today said that his company is working on creating a pan-India e-commerce platform that will help small, offline shops compete with players like Amazon and Flipkart. The platform will work by making the inventory of small shops available for purchase online using a sophisticated web and app interface […]
Reliance Industries, the parent of Reliance Retail, said it has acquired a 12.5% stake in a fashion company called Future101 Design Pvt Ltd at a cost of Rs 9.5 cr. The Gurgaon-based company designs and manufactures garments such as ladies kurtis and men’s shirts. “Future101, incorporated in July, 2013 is engaged in manufacturing, distribution and […]
Kishore Biyani, head of Future Group, outlined mega expansion plans for his retailing business for the next 12-15 months in the context of the entry of WalMart into India’s retailing sector. “Our plan is to add 1,000 small stores over the next 12-15 months,” Biyani told CNBC-TV18 in an interview. “Our plan is to open […]
CyberMedia Research, the market research arm of the CyberMedia publishing group, has predicted that the $16 bln acquisition of Flipkart by WalMart, the world’s largest retailer, will bring far-reaching changes in India’s retail sector, both online and offline. The news of the deal has already led to some response from offline retail players such as […]
Companies belonging to the Future Group, which runs India’s largest super market chain Big Bazaar, said they have not taken any decision on selling a minority stake to any global retailer. Their comments came in response to a clarification sought by the stock exchanges into a news report that quoted Future Group founder Kishore Biyani […]
