India was placed second in retail potential in the 2016 Global Retail Development Index (GRDI), according to a study released by AT Kearney, a Chicago-based consultancy. The country was ranked 15 in the previous year. “India’s high ranking is driven by GDP (gross domestic product) growth, improved ease of doing business, and better clarity regarding […]
Amazon will invest an additional $3 billion in India after the company exhausted its earlier investment pledge of $2 billion, piling pressure on local rivals Flipkart and Snapdeal. Amazon’s additional investment highlights the ultra-aggressive rate at which it is spending on discounts, advertising, logistics and other things to achieve its ambition of becoming the largest […]
Online marketplace Snapdeal has announced that over 80% of its sales are now shipped through its own fulfillment centres called SD+ Centres. These orders shipped through SD+ have end to end trackability. According to Rohit Bansal, co-founder, Snapdeal, “We have built this capacity rapidly. In January 2015 only 7% of our sales were shipped through […]
Amazon followed by Filpkart and Snapdeal were the most preferred e-commerce websites among sellers, with highest top of the mind recall, a recent study reveales. The findings came as a result of a study by Nielsen for the January-March quarter, which surveyed 1,184 online sellers. It revealed that 39 per cent of online sellers “explore […]
Aditya Birla Fashion and Retail Limited (ABFRL) said it is acquiring the online and offline rights of American fast-fashion brand Forever 21 in the Indian market. This is the third time the US fashion brand is changing its India partner. “The Board of Directors of Aditya Birla Fashion and Retail Limited in-principally approved a proposal […]
Standard Chartered Bank plans to step up recruitment in India in the next few quarters as part of efforts to build up the lucrative but competitive retail lending segment to return to growth. “We are hiring about 1,000 people this year. Retail is one of our strong points, but at about 20 per cent of […]
H&M, Hennes and Mauritz AB, the International fashion retailer opened doors to its first store in the tricity area of Punjab at the North Country Mall, Mohali. The opening ceremony was witnessed by Country Manager at H&M India, Janne Einola who inaugurated and welcomed the first few customers in line together with Area Manager Mikko […]
Agra is beginning to lose its edge to more business-friendly cities in neighbouring states. Home to an army of highly skilled workers and artisans, and well-supplied with raw material, the city still accounts for 65% of domestic footwear sales and 28% of exports, but industrialists say it is slipping up on the ease of doing […]
Lacoste has announced the launch of its highly anticipated online store, www.lacoste.in, catering specifically to the Indian market. Lacoste.in will offer the entire collection that is available at the offline stores. In order to celebrate the online venture, Lacoste is offering free home deliveries to the customers. For the launch of the digital flagship in […]
After three years of research, Asics has revealed its DynaFlyte running sneakers — its lightest cushioning shoe to date. The brand hosted an event in New York City with star-power help from Asics athletes Ryan Hall and Candice Hill. During the talk, brand leaders and scientists from Asics’ Institute of Sports Science discussed the shoe […]
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