Will the shoemaker’s recent revamp in India succeed in hitting the right notes? Written By Ankita Rai European footwear brand Bata, which has been undergoing a makeover both in terms of products and imagery, hopes to leverage its strong legacy of reliability and trust in the Indian market to redefine its women and youth categories. Apart from launching and renovating stores, with a focus on large format retail experiences, it has also launched an internationally designed collection and forayed into sports apparel with the launch of the first Power store in NCR. While Bata has the advantage of mind-share among…
CONTINUE READING
Written By Athira Nair Beyond tech and business, work culture is a matter of concern when it comes to integrating Flipkart with Walmart. How will this play out in the next couple of years? Walmart CEO Doug McMillon with Flipkart Co-Founder and Group CEO Binny Bansal On May 9, at the town hall to announce the acquisition of Flipkart by US retailer Walmart, Flipsters, as Flipkart employees call themselves, had one big question – would there be firings? The concern was genuine as Walmart has a history of imposing policies on its acquisitions to results that are not always employee-friendly.…
CONTINUE READING
Written By Writankar Mukherjee, ET Bureau The entry of online smartphone brands Xiaomi and Motorola into offline helped Mukesh Ambani’s consumer electronics and smartphone retailing business, Reliance Digital, enter the $2-billion league. According to two senior industry executives aware of the details, the business grew by 31% to reach Rs 15,100 crore, or about $2.3 billion, in the year ended March 2018 from Rs 11,480 crore in 2016-17. This performance excludes sales of Reliance Jio connections and recharges, which are done by Reliance Digital and smaller format Jio Stores that are part of the same business. While Reliance attributed the…
CONTINUE READING
Written By Maulik Vyas The 25,000-sq. ft Vama Departmental Store at Cumbala Hill is located in the same complex as Kanchanjunga—designed by architect Charles Correa—and a bungalow ‘Bella Vista’. Photo: Abhijit Bhatlekar/Mint Mumbai: Vama, South Mumbai’s apparel store for the well-heeled, has landed in bankruptcy court, as Italy’s Gas Jeans tries to recover unpaid dues under the Insolvency and Bankruptcy Code (IBC). In the case originally filed in Bombay high court in 2015, Gas Jeans Pvt. Ltd, the Indian unit of the Italian company, has claimed dues of Rs22 lakh. After the enactment of the Insolvency and Bankruptcy Code, the…
CONTINUE READING
Written By Chaitali Chakravarty & Rasul Bailay, ET Bureau NEW DELHI: Even after acquiring India’s largest ecommerce company Flipkart, Walmart will stay away from applying to invest in a food-only retailing venture in the immediate future that will allow the US giant to stock and sell groceries directly to consumers through the online platform. Walmart would rather have a presence in the food products market through third-party retailers on Flipkart and escape the scrutiny and riders associated with foreign direct investment of up to 100% in food-only retailing ventures, according to sources. “It doesn’t make sense to sell only food…
CONTINUE READING
