But there's already a waiting list for these new micro apartments. Written By Sagar Malviya MUMBAI | NEW DELHI: Loss-laden Walmart India is in turmoil as the world’s largest retailer is in the process of sacking about a third of its top executives based at local headquarters in Gurgaon, according to people aware of the development. Walmart announced the layoffs of more than 100 senior executives including vice presidents across sourcing, agri-business and the fast-moving consumer goods (FMCG) divisions at a townhall on Friday. It also plans to shut the Source: economictimes
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Written By Shelley Singh, ET Bureau Key to a great online shopping experience is the final delivery of that box home — on time, always, intact — come rain, hailstorm, blistering summers or the cold wave currently sweeping across most of north India. The experience that starts on a shopping app ends with a delivery agent knocking on the door. Unlike brickand-mortar retail, where buyers get to see and feel the product before buying, online shoppers wait impatiently for the delivery boy to arrive so the package can be opene Source: economictimes
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Written By Ananya Pathak Reliance Industries' e-comm venture JioMart will compete with the likes of Amazon, Grofers, Bigbasket and Flipkart. Having established itself as one of the major players in the telecom sector, Reliance Industries has now made a move in the e-commerce segment by launching its online grocery delivery service – JioMart – 'Desh ki Nayi Dukaan'. Powered by Reliance Retail and Reliance Jio, the service has been launched in parts of Maharashtra – Navi Mumbai, Kalyan and Thane and this will be scaled up nationally soon to compete directly with the likes of Amazon, Grofers, Bigbasket and Flipkart.…
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Devangshu Dutta talks about how 2020 could see retailers get inventive to drive footfall and sales Written By Guest Remember the year 2000? After Y2K passed safely, that year some optimistic analysts predicted that India’s modern retail chains would reach 20% market share by 2015. Two years after that, another firm declared that modern retail will be at around that level in 2020 — but wait! — only in the top nine cities in the country. Don’t hold your breath: India surprises, constantly. As many have noted, “predictions are tough, especially about the future!” What we can do is to…
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Alibaba backed startup competes with Flipkart-owned Ekart, SoftBank-backed Delhivery, Warburg Pincus-funded Ecom Express and Flipkart-backed Shadowfax. Written By Sandeep Soni Alibaba's prospectus showed the company plans to issue 500 million new shares and could raise up to $13.4 billion after the so-called over-allotment option is exercised. (Reuters photo) Chinese e-commerce juggernaut Alibaba, which backed Pune-based logistics startup Xpressbees with $35 million in January last year, is looking to enhance its stake in the company. The tech major is now putting $10 million more in it, according to the regulatory filings by the company. “This investment appears to be an extension…
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