Written By Sagar Malviya, ET Bureau MUMBAI: SoftBank-funded Grofers is converting dozens of grocery stores into its own branded outlets as the online retail firm looks to broaden its distribution and push own label products to earn better margins. It has changed nearly 100 such kirana and supermarket outlets to Grofers discount stores in the Delhi NCR region where it will manage back-end sourcing, inventory management and technology support on a revenue sharing model. Source: economictimes
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Written By Deepti Chaudhary Amar Nagaram, head, Myntra-Jabong. BENGALURU : From battling for the largest product catalogues to the lowest prices, the focus in online retail now seems to be shifting to fastest deliveries, after-sales services such as alterations, and reduction in the number of returns. A case in point is that of India’s largest online fashion retailer, Myntra, which is set to launch 30 experience centres or kiosks across India by August, where customers can pick the products they ordered when convenient, return merchandise and get alterations done on the spot. Its first such centre in Bengaluru’s Manyata Tech…
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Written By Deepti Chaudhary A retail consultant says Amazon Flex will help the company handle demand peaks and improve service performance (Photo: Aniruddha Chowdhury/Mint) Bengaluru: Amazon India is set to offer students, homemakers and retired professionals part-time jobs, thus killing two birds with one stone—ensuring faster deliveries during peak season and creating Uber-style flexible jobs. Fast and reliable delivery is the most important part of the e-commerce business, along with the right product assortment. Over the years, Amazon India has introduced several ways of offering definitive and faster deliveries, including one-day, two-day and scheduled deliveries. Prime offers assured next-day delivery…
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To turn around the loss-making Godrej enterprise, its new owners, Spencer's Retail, have to get their strategy and execution right Written By SALIL PANCHAL Though Nature’s Basket grew from a single food store in 2005 to 35 stores in Mumbai, Pune and Bengaluru, it never made a profit in 14 years of operation Image: Ramesh Sharma / India Today Group / Getty Images Nature’s Basket: Goenka’s New Hot Potato To turn around the loss-making Godrej enterprise, its new owners, Spencer’s Retail, have to get their strategy and execution right Shashwat Goenka, the scion of the RP-Sanjiv Goenka Group, faces possibly…
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Written By Varuni Khosla, ET Bureau The seven-year-old specialised online beauty retail venture has added fashion to their forte. Source: economictimes
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