Rashmi Pratap, The Hindu Businessline Mumbai, 22 August 2014 It was the peak of summer and Sahil Gilani was craving Indian food as he had been travelling overseas for several weeks. Dosa was what he wanted, and it was not easy to find in Central London. After asking acquaintances, he arrived at the food court of the department store Selfridges on Oxford Street. This was among the city’s handful of eateries serving the fermented crepe. Gilani ordered a dosa and found it tasted all too familiar. He asked the waiter how it was made but the latter didn’t know. Gilani…
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Sapna Agarwal, Mihir Dalal, Mint Mumbai/Bangalore, 22 August 2014 Gap Inc., which sells brands such as Banana Republic, Old Navy and Piperlime, has signed a franchise agreement with Arvind Lifestyle Brands Ltd, a unit of Arvind Ltd to enter India. The agreement will be formally announced on Friday. After the Indian government allowed 100% foreign direct investment (FDI) in single-brand retail in September 2012, a handful of companies including H&M Hennes and Mauritz AB and Swedish furniture retailer Ikea announced that they would enter the Indian market on their own. However, a majority of global retailers prefer the joint venture…
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Reghu Balakrishnan, Business Standard Mumbai, 20 August 2014 Online prasad and virtual aarti are passe. To secure a bigger chunk of the spiritually-oriented, e-commerce sites in the religious segment are now going beyond commoditised services. So, ready yourselves for combo offers tailor-made for your kind of devotion. OnlinePrasad, the largest player in this sector, has launched a combo offer for devotees of Lord Krishna. Goonjan Mall, founder, OnlinePrasad, says the site has increased its catchment area from four temples to 50, as devotees are no longer happy with prasad from the Mathura temple alone and want prasad from all leading…
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Mihir Dalal, Mint Bangalore, 19 August 2014 Retailer Arvind Ltd will start an e-commerce website that will sell personalized or customized shirts, trousers and suits under the Creyate brand, in a move that illustrates the growing popularity of online shopping. Arvind will also launch a fully-fledged e-commerce site that will sell all its owned and licensed brands, including Flying Machine, Arrow and Tommy Hilfiger, next year, executive director Kulin Lalbhai said. The company hopes to generate sales of Rs.1,000 crore over the next three years from its e-commerce business, he said. “As physical (organized) retail was in the nineties, we…
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G Seetharaman, The Economic Times New Delhi, 10 August 2014 It turns my stomach. It's a bad customer experience," says Michael Adnani, vice-president of retail at Flipkart, about its website crashing on August 5. The third batch of 15,000 Xiaomi Mi3 phones, of which Flipkart is an exclusive seller, had been lapped up in all of two seconds. The site had also gone down on July 22, when the first bunch of Xiaomi Mi3 phones were sold in under 40 minutes, and on May 14 when Moto E went on sale on the site. Flipkart has sold over a million…
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