Shambhavi Anand, The Economic Times New Delhi, 17 June 2015 Private labels in daily household, personal care and food products are soon expected to drive nearly half the sales for online grocers, as they aggressively expand their portfolio for higher margins. Several players including BigBasket, LocalBanya, MeraGrocer and ZopNow have been selling their own brands in fresh fruits and vegetables segments, which account for 10-30% of their total revenue. By entering newer product categories such as staples and FMCG, these companies expect private-label contribution to go up to 40-50% by the end of this year. "The margins on private labels…
CONTINUE READING
Debojyoti Ghosh, Forbes India Bengaluru, 26 June 2015 Wipro enjoys instant recognition as an information technology behemoth, but hidden behind the name—an acronym for Western India Vegetable Products Limited—and the company’s sunflower logo are traces of its humble origins as a manufacturer of edible vegetable oil. Founded in 1945 by MH Hasham Premji, father of current promoter-chairman Azim Premji, Wipro began as a fledgling business riding the wave of an imminent Indian Independence. The company grew quietly from strength to strength, single-minded in its consumer care focus as a vanaspati manufacturer. Later, it would diversify into toilet soaps and toiletries.…
CONTINUE READING
Prasad Sangameshwaran, The Hindu-Businessline Mumbai, 16 July 2015 This was a business book launch that was billed as the big debate between retailers and e-tailers. On one side was Karan Mehrotra, co-founder and CEO of LocalBanya.com. At the other end was Damodar Mall, CEO, value format at Reliance Retail, who was present in his role as the author of Supermarketwala, secrets to winning consumer India. Keeping things from escalating into an exchange of blows was B S Nagesh, Indian organised retail’s original poster boy, who was moderating the book launch-based discussion. As the debate progressed, Nagesh suggested that the delivery…
CONTINUE READING
Ankita Rai, Business Standard New Delhi, 15 Jun 2015 Travel, books, electronics, fashion, classifieds and now local services - e-commerce has disrupted the status quo in almost every sector. With Amazon venturing into grocery (Kirana Now), Snapdeal entering services and Flipkart ready to follow suit, on-demand services appear to be the next frontier for competition in the crowded e-retail space. Look at what's in the pipeline. Amazon recently launched Amazon Home Services in the US market. It is expected to launch a similar service in India soon. Online marketplace major Snapdeal has gone a step further with its service platform…
CONTINUE READING
Raghavendra Kamath, Business Standard Mumbai, 15 Jun 2015 IN STEP WITH GAP Set up in 1969 by Doris and Donald Fisher Present in 90 countries 3300 company operated stores and 400 franchise stores. Over 100 stores in China In India its franchisee is Arvind Lifestyle and Brands. First store spread over 11,000 square feet set up in New Delhi in May 2015. Plans to open 40 stores in 5 years As GAP struggles with flailing customer loyalty in markets across the world, it is looking to script a new story in India. It has opened its first store in India…
CONTINUE READING
