Metro which entered India in 2003 has initially opened huge wholesale store in the range of 1,00,000 sq.ft but have lately cut down the size of their new stores to half. Another new entrant in this space LOTS Wholesale Solutions which has around 1,00,000 sq.ft stores in Thailand has decided not to open stores bigger than 40,000-50,000 sq.ft in India. Written By Varun Jain New Delhi: Cash and Carry companies like Germany's Metro Cash and Carry and Thailand's LOTS Wholesale Solutions are looking to open smaller stores in the country in order to reach more customers and expand at a…
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Consumer durable retailers see approximately seven percent of their revenue come from the sale of private label products Written By Sharleen Dsouza Koryo and Vise may not be a buyer’s first choice for an air conditioner or a television but electronics retail chains are increasingly betting on such private labels to draw customers. Being cheaper, they boost sales. But that’s not the only reason.Such brands offer low net margins for sellers of appliances and televisions but serve two purposes. They help convert enquiries into sales for consumers who find products from bigger estab... Source: bqprime
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Written By Nishant Sharma Solimo, Symbol, Myx, Vedaka and Presto.You may have bought products from these brands on Amazon India. But what you may have missed is that these, and many other labels, are owned by Amazon Inc. itself.The world’s largest online retailer brought its AmazonBasics label to India in 2015. It launched another brand Solimo, offering home appliances and household items, the same year. The company now sells 10,000 products, including clothi... Source: bqprime
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Written By PRIYANKA PANI As Mukesh Ambani-led Reliance Retail, the retail arm of Reliance Industries, gears to enter e-commerce in the next few months, the key question is whether it can disrupt the market the way Reliance Jio did in telecom. Reliance already has a presence in the online segment with its fashion portal Ajio.com and Reliancetrends.com which compete with fashion e-tailers Myntra, Jabong and Koovs. Soon, it will launch a consolidated e-commerce platform to take on Amazon.in and Walmart-owned Flipkart.com that currently sell everything from vegetables to large home appliances. However, Amazon and Flipkart are marketplaces and not e-tailers…
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Written By Aditi Shrivastava, ETtech Nearly three months after Amazon.com Inc said India's revised foreign investment rules would hurt both customers as well as sellers, the e-commerce giant indicated the impact had been minimal in the first quarter of the year, although the claim could not be independently verified in the absence of India-specific revenue or sales data. While the new rules effective February 1 caused a few days of downtime in certain categories, the overall impact on sales was minimal, Amazon told investors in a conference call after announcing its first quarter results on Thursday. "We did make some…
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