Written By Vaishnavi Gupta The furniture brand’s retail roadmap includes city stores in Delhi, Mumbai and Bengaluru, followed by tier I and II towns For the Ikea model to succeed, adequate demand-concentration is crucial, which is being currently provided by the bigger cities in India. After launching two large-format stores in India in a span of three years — one each in Hyderabad and Navi Mumbai — Ikea opened its first small-format store in Worli, Mumbai, to become “more accessible and convenient”. About 90,000 sq ft in size, these ‘city’ stores are already present in markets such as New York,…
By Rasul Bailay & Writankar Mukherjee, Economic Times November 27, 2021 Reliance Retail aims to be one of the world’s top retailers, but for the last couple of years, it has been a buyer, not a seller. It has bought a string of retail brands — from online pharmacy Netmeds and online furniture retailer Urban Ladder to digital lingerie seller Zivame, online grocer MilkBasket and haute couture label Ritu Kumar. The latest acquisition was Sri Lankan lingerie brand Amante. These acquisitions are crucial cogs in Reliance Retail’s further push into brick-and-mortar and ecommerce, and are part of Mukesh Ambani-led Reliance…
23 November, 2021 A healthy retail sector is absolutely vital to a healthy economy. Regulatory clarity and balanced competition are key for the sector's growth. Third Eyesight's founder Devangshu Dutta shared his insights on the conflicts and cracks appearing in the Indian retail sector. Global giants vs India's domestic retailers: Conflicts explained This video is an extract from a webinar organised by the Think Change Forum.
Written By Vaishnavi Gupta D2C brands are taking the traditional retail route to scale up Analysts say that the move to offline retail makes sense for digital-first brands in categories where experiencing the product is an important driver for purchase While brands across categories made a beeline for e-commerce during the pandemic, physical retail earned prominence among direct-to-consumer (D2C) brands. Melorra, Plum, Pee Safe and Libas, among others, have been building their offline presence over the past year. The total retail market in India is estimated to be worth Rs 63 lakh crore, of which 95% buying happens through offline…
Written By Sandeep Soni Technology for MSMEs: The nine-member ONDC advisory council includes R.S. Sharma, CEO, National Health Authority; Infosys’ Nandan Nilekani; CAIT’s Praveen Khandelwal; Adil Zainulbhai, Chairman, QCI; Avaana Capital’s Anjali Bansal, Arvind Gupta, Co-founder & Head, Digital India Foundation; NPCI’s Dilip Asbe; Suresh Sethi, MD & CEO, NSDL and RAI’s Kumar Rajagopalan. DPIIT in July this year, announcing the advisory council, had said that the ONDC is expected to “digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers." Technology for MSMEs: The Modi government’s ambitious Open Network…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
