Varun Jain, The Economic Times New Delhi, 16 September 2015 Flipkart's 'Big Billion Days' sale has yet again run into glitches this year, and this time the ecommerce giant is tendering apologies to its sellers in Agra whose products have been removed from the site for almost two days now due to delivery issues. Various vendors in the city ET spoke to complained that Flipkart has blocked their products to be sold on its ecommerce site amid a rush of consumers. They said the listings of their products were not visible on the company's website since the second day of…
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Ashish K Tiwari, DNA (Daily News & Analysis) Mumbai, 16 September 2015 "Quickest delivery! Ordered an AC frm @snapdeal #electronicsmonday ystrdy & zoom!its thr4 me today", reads a tweet by Sonali Jagwani, a Delhi-based HR professional, summing up the mood at the ongoing festive mega sale of e-commerce firms. As the sale by Amazon, Flipkart and Snapdeal entered fourth day today, the online world was mostly praises. @Flipkart MY #Wished_FullFilled after only 1 day wait, Flipkart amazing" Thanks #BigBillionDays more to come, a tweet by one of the shoppers was shared by Flipkart co-founder Binny Bansal. This is in contrast…
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Richa Maheshwari, The Economic Times Bengaluru, 14 September 2015 Online grocers are working on shortening their delivery time to less than two hours by building more delivery points or roping in more partner stores in a bid to attract consumers who prefer quicker kiranas to waiting for delivery of online orders. Companies such as BigBasket, PepperTap, ZopNow and Localbanya say time and convenience are driving more sales for online groceries, unlike deep discounting that has helped apparel or durables segment. In fact, if consumersdon't get their orders on the same day, the order dropout rate could be as high as…
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Lace'n'Lingerie Magazine Mumbai, 9 September 2015 Gap, a recent entry into the Indian apparel market, out performs other retailers with sales of Rs. 23 lakhs per day in the first month of its south Delhi store. However, it has yet to cross Zara – the quickest apparel brand in India to cross $100-million sales mark – that has a store in the same location in Delhi. The Spanish fashion brand Zara brand owner Inditex and Tata Group’s retail arm Trent first stepped into the Indian market five years ago. The business posted 24% annual growth in sales for the year…
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Richa Maheshwari, The Economic Times Bengaluru, 9 September 2015 Textiles major Arvind Ltd has created a new value department chain branded 'Unlimited' by converting large stores of its existing chain Megamart that has been struggling to shed its 'discount format' image. The Ahmedabad-based firm has rebranded nearly 25 Megamart outlets of more than 10,000 square feet each as Unlimited and plans to have 125 stores under the new format in five years. "We realised that even though we have sort of changed our proposition, still people associate the name (Megamart) with discounts," said J Suresh, managing director and CEO of…
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