Raghavendra Kamath, Business Standard Mumbai, May 31, 2014 Almost eight years after its launch, Mukesh Ambani's Reliance Retail is ready to launch a multi-channel retail operation, which would integrate its physical stores with an e-commerce portal. The Reliance Retail team is working on the model and the company is looking to launch it this year, said sources in the know. While Reliance has e-commerce portals in some of its international fashion brands and a website for its consumer electronics, it is for the first time that the company is exploring e-commerce in value business, digital and fashion, which accounted for…
Dhruv Changoiwala, Daily News & Analysis (DNA) Mumbai, May 23, 2014 Flipkart, India's largest e-retailer, has acquired online fashion retailer Myntra in a move that is likely to help the two domestic e-retailers face international competition better. The deal, announced on Thursday, is the biggest e-commerce transaction so far in the country. While the deal amount was not disclosed, industry officials said the speculated deal size is about $300 million. Sachin Bansal, CEO, Flipkart, said, "It's a historic moment for e-commerce business. This first-of-its-kind deal would help us dominate the online fashion segment." The current $50 million online fashion market…
Purivita Chatterjee, The Hindu Mumbai, May 20, 2014 Indian retailers are hopeful that the new BJP-led Government will do a volte face on its decision to oppose foreign direct investment (FDI) in multi-brand retail. Once the new Government is formed, it might re-think its strategy as bringing down inflation is going to be of prime concern. FDI is expected to help improve supply chain efficiencies for retailers, thereby bringing down the cost of goods. Last year, UK-based retailer Tesco became the first foreign player to apply for entering India’s multi-brand retail sector through a proposed equal JV with Trent Hypermarket,…
(If you're in a hurry, go to the Slideshare presentation, and bookmark this post for a complete read later.) These pages usually focus on the consumer and retail sector, its constituents, its problems and the opportunities therein. The consumer and retail sector is all about choice, and it is worth noting that we’ve just concluded what was possibly the most massive consumer event in the world. I’m referring, of course, to the Indian elections, where more than 500 “consumers” were bombarded with above-the-line and below-the-line marketing by various organisations pushing their brand, product (candidate) and services (ideology and manifesto). The sum…
“Ingredients for Speed & Innovation” Conference 2014 gathered together senior delegates (CEOs/ CXOs) of the food & beverage Industry, on 7 May 2014 in Delhi. The event was organised by Third Eyesight in association with Infor India Pvt. Ltd. & Nagarro Software Pvt. Ltd. Devangshu Dutta, CEO, Third Eyesight The conference was focused on the emerging opportunities for the companies in food and beverage sector amidst the challenging business environment. In his opening presentation, Devangshu Dutta, CEO, Third Eyesight reflected on the current macro-economic environment and the dichotomous changes in the consumer mindset. Dutta highlighted the need for companies to…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
