Sagar Malviya, The Economic Times Mumbai, 3 November 2014 Online retail seems to be rapidly coming of age in India — in the financial year ended March, Flipkart's sales challenged those of its nearest brick-and-mortar rivals, according to filings with the Registrar of Companies, although the segments that they operate in aren't strictly comparable. Meanwhile, the marketplaces operated by both Flipkart and Amazon posted losses. Amazon, which entered India a year ago, logged a net loss of Rs 321 crore while Flipkart saw this more than double to Rs 400 crore, according to October 31 filings. Due to curbs on…
Rashmi Pratap, BLink (The Hindu Businessline) Mumbai, 31 October 2014 In the late ’70s, when power looms began to expand rapidly in Ahmedabad, the worried owners of 74 composite textile mills met a young man who had just completed his MBA from Mumbai’s Jamnalal Bajaj Institute. The idea was to craft a survival strategy as power looms were on a better footing — they did not have unions and didn’t even need a licence to expand capacity. The young man saw clearly that the answer lay in a new product category that not only had global appeal but also resonated…
(The Hindu Businessline - cat.a.lyst got marketing experts from diverse industries to analyse consumer behaviour during the last one month and pick out valuable nuggets on how this could impact marketing and brands in the years to come. This piece was a contribution to this Deepavali special supplement.) Two trends that stand out in my mind, having examined over two-and-a-half decades in the Indian consumer market, are the stretching or flattening out of the demand curve, or the emergence of multiple demand peaks during the year, and discount-led buying. Secular demand Once, sales of some products in 3-6 weeks of the…
Raghavendra Kamath, Business Standard Mumbai,27 October 2014 365-DAY DISCOUNTING - Brand Factory plans to continue with a mix of private labels and brands to attract customers - Maintains that online sales won’t dent the appeal of year-round discounts on brands up to 50 per cent - Battling a bigger threat than online, of brands not discounting, Megamart is retailing more inhouse brands now Kishore Biyani, following the online discount fest that marked the season, has alternated between criticising an e-commerce portal (Flipkart) for undercutting and tying up with another (Amazon) to sell some of Future Group's private labels. But Biyani's…
These are thoughts shared in an emailed interview with the AgriBusiness and Food Industry magazine (published in the November 2014 issue.) A Perspective on the Indian market: Our first word of advice to companies that are looking at India as an evolving and large market, is to acknowledge the fact that that it has very diverse cuisines and food cultures. Both Indian and international companies wishing to enter this market for the first time need to understand and acknowledge that one-size certainly does not fit everyone. The variety of finished products needed requires food companies to address smaller quantities and…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
