Go with a battle plan, scan the racks to get the best deal. Make a killing. Here are tips on how. Written By Madhushree Ghosh Don’t get so excited by the discount that you lost sight of the price.(iStock) How the sale calendar has changed (and why) The retail business was traditionally linked to the social calendar, so big discounts were offered around religious and cultural occasions (Diwali in India, Christmas in the West). The idea was to tap into the celebratory mood and encourage more buying in seasons of giving, when people were shopping anyway. As the retail industry…
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Ratan Tata-backed Snapdeal having lost steam after its merger with Flipkart was called off while Amazon too had displaced it as among the leading e-commerce company apart from Flipkart is now steadily regaining its lost ground but in a new avatar. Written By Sandeep Soni Around August 2017, Snapdeal had called off Flipkart’s offer of buying it out for $850 million, down from $6.5-billion valuation it had in early 2016. Snapdeal’s sales had plunged, products count has also gone south even as Amazon had displaced it to become the new formidable competitor to Flipkart’s stronghold in the Indian e-commerce sector.…
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Hindustan Unilever’s Hamam, Jyothi Labs’ Margo, Wipro’s Chandrika soaps and Cholayil’s Medimix have been trying to up their game by adopting brand purpose, brand ambassadors and, in some cases, even product innovation. But popularity, especially amongst the youth, evades them. Written By Venkata Susmita Biswas Lack of product innovation, unappealing marketing and dull packaging haven't helped matters. The quintessential green, no-frills soap bars wrapped in boxes bearing images of neem leaves once enjoyed a place of prominence thanks to their ‘medicinal value’. Today, even as Indians are increasingly opting for ‘natural’ and ‘herbal’ beauty and skincare products, these green soaps…
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Written By Suneera Tandon In the year ago period, Zara had posted a profit of ₹82.59 crore (Photo: Mint) New Delhi: Spanish fashion brand Zara posted a 13.4% drop in net profit for the year ended 31 March, 2019 at ₹71.49 crore, amid increasing competition and a general slowdown in consumer demand in the market. Revenues at the seller of fashion clothing, and accessories were up 17.7% at ₹1,438 crore, its local partner in India, Trent Ltd, said in its annual report on Friday. Inditex SA—the world’s largest fashion retailer that owns brands such as Zara, Pull & Bear, Massimo…
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Thailand is a good bridge for modern retail in India, believes Tanit Chearavanont, MD of LOTS Wholesale Solutions Written By CHITRA NARAYANAN Balloons and festoons greet shoppers at the three stores of LOTS Wholesale Solutions in the National Capital Region. There are lucky draws, discounts, and a host of exciting offers too. It is exactly one year since Thailand’s Siam Makro, a part of the $50-billion Charoen Pokphand Group (CPG), launched its first cash and carry store LOTS in India. It has been a year of learnings for Tanit Chearavanont, the young managing director of LOTS, who was accidentally thrust…
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