Nandini Singh, Business Standard 11 October 2024, New Delhi Reliance Retail, the country’s largest retailer, has officially entered the booming quick commerce space, intensifying competition for players like Zomato-owned Blinkit, Swiggy Instamart, and BigBasket. The company began offering quick commerce services through its e-commerce platform JioMart in select areas of Navi Mumbai and Bengaluru last weekend, a move that signals its intent to disrupt the segment, as reported by The Economic Times. Initially, Reliance would start with selling grocery items from its network of 3,000 retail stores nationwide. However, the company has ambitious plans to extend its offerings to value…
Writankar Mukherjee, Economic Times 7 October 2024 Reliance Retail has initiated efforts to enter the thriving quick commerce market in a move that is set to escalate competition for Zomato-owned Blinkit, Swiggy Instamart and BigBasket, among others. The country's largest retailer has started offering quick commerce services in select areas in Navi Mumbai and Bengaluru through its ecommerce platform JioMart since last weekend. It will initially sell grocery items from its retail stores totalling about 3,000 nationwide, eventually adding value fashion and small electronic products such as smartphones, laptops and speakers, a senior executive said. All orders will be fulfilled…
Sesa Sen, NDTV Profit 16 September 2024 As India's economy grows and digital technologies reshape consumer behavior, the future of kirana stores—the quintessential neighbourhood grocery shops—hangs precariously in the balance. These soap-to-staple sellers, once impervious to change, now confront an existential threat from quick commerce players like Blinkit, Instamart, Zepto, and from modern retailers such as DMart and Star Bazaar, raising a pivotal question: Can kiranas survive the pressure of change, or will they die a slow death? The All India Consumer Products Distributors Federation, that represents four lakh packaged goods distributors and stockists, has recently raised alarms, urging Union…
Priyamvada C., Mint 16 September 2024 When the late George Fernandes, the industries minister in the short-lived Janata Party government of 1977, issued a diktat to multinational corporations Coca-Cola, IBM and AstraZeneca to dilute their stake in their wholly owned subsidiaries to 40% in favour of Indian shareholders, Coca-Cola and IBM chose to exit India. Later, during P V Narasimha Rao's proliberalisation government in 1993, Coca-Cola returned. It bought out Ramesh Chauhan's Delhi Bottling Company and Coolaid, the bottling companies of five carbonated drinks, in 1998. With Coca-Cola India now said to be evaluating options to list its wholly owned…
By Richa Naidu and Dhwani Pandya, Reuters London/Mumbai,12 September 2024 For years, the world's biggest condom maker Reckitt Benckiser designed products and marketing to lure Indian men to its Durex brand. Now, it is pushing a growth strategy by betting on women and rural consumers. India last year surpassed China to become the world's most populous nation, but still fares poorly on the use of contraceptives. India's government estimates only around 10% of men use condoms and for women, sterilization remains the popular form of contraception. Social stigma surrounding sex - which some say stems from Victorian social norms established…
Conflicts between founders & investors could be due to ‘off’ chemistry to differences of opinion to shackles on entrepreneurial freedom. Watch this discussion on how they walk the tightrope:
#D2C #directtoconsumer #India #retail #ecommerce #VC #startup
Experts said there is a trend of consumer giants spinning off their units to optimise their balance sheets, go asset-light and focus on their core brands and business models. #India #FMCG #FoodandBeverage #CocaCola #IPOListing #strategy
Japanese apparel major #Uniqlo's sales growth in India slipped by more than half to a still-strong 32% last fiscal year while its net profit expanded by 25%.
@FaiHaider @devangshu
#fashion #India #growth
"Focus on store productivity usually happens in cycles...if some of the stores are unviable, then management teams are now highly objective and will shut stores." @devangshu @SagarMalviya_ET @RicaB_ET
#India #retail #reliance #RelianceRetail #productivity
