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How Technology is Reshaping Retail Industry

As we are heading towards the future generation, technology seems to shape our life. We have become more dependent on electricity and gadgets that we are on air or water. The invasion of technology is welcomed in both personal as well as professional lives, especially in business to make life easier for both, customers and

BY Nibedita Mohanta  |  Jul 22, 2017  |  comments ( 0 )  | 

How retailers can solidify their omni-channel strategies?

Asia has about 2 Billion internet consumers and the region is at a cusp of digital transformation. Over the next couple of years, the booming economy and changing consumer behavior presents a massiveopportunity, rather than a challenge. The Omnichannel strategy is an arrangement between the retailer and customer, where neither of them

BY Guest author  |  Jul 20, 2017  |  comments ( 0 )  | 

How GST has impacted ongoing EOSS?

The new GST regime has replaced the complicated structure of indirect taxes. Well, at one hand it has helped the retailers in terms of easy taxation but also forced the retailers to pre-pone their eoss. GST has created a deep impact in certain categories. For example, ‘fashion’ which is one of the most discounted category

BY Shipra Srivastava  |  Jul 20, 2017  |  comments ( 0 )  | 

Breaking the stereotypes with all inclusive fashion

Fashion is not restricted by constraints like figure, size, skin tone etc, contrary to what the popular myth may be. Neither is business which is ever so keen to generate profit out of any commodity that has the capacity to catch hold of market. If the two is blended, what the consumers get is a new booming fashion industry serving to

BY Ankita banerjee  |  Jul 20, 2017  |  comments ( 0 )  | 

Why start-ups ignore software validation?

The average life expectancy of a company in 1955 was 75 years but as of 2015, the average life expectancy has dropped to 15 years and startup survival rate today is just 4%. Isn’t that alarming? Well, besides all the known factors such as failed sales strategies, inability to raise funding, under delivering products and

BY Guest author  |  Jul 18, 2017  |  comments ( 0 )  | 

How technology is helping retailers in churning better margins?

Retailing is set of activities to sell the merchandise and services to ultimate users. Over the years technology has bought drastic changes in traditional retail business. Growing dominance of online retail has prompted the offline retailers to do innovation in their format and shift focus on customer experience. The article shed light

BY Shipra Srivastava  |  Jul 18, 2017  |  comments ( 0 )  | 

How to Start a Retail Business?

Opening a retail business or any business, have something in common. The foundation of any business needs to be strong, upon which the entire business tree can depend. So to help you in laying the foundation strong, here are the ingredients to keep in mind: Proper planning: To start any business money is important but money

BY Nibedita Mohanta  |  Jul 17, 2017  |  comments ( 0 )  | 

What are major challenges in skill training in retail?

Retail sector in India has witnessed a remarkable transformation over the last two decades. Rising income levels, urbanization, and changing consumer behaviour has given an optimistic outlook to the sector, promising an undoubted growth in the future. The digital medium has influenced retail with a powerful strike, reshaping customer

BY Guest author  |  Jul 17, 2017  |  comments ( 0 )  | 

How renting in luxury is changing the game?

It is a long cherished dream of many Indian brides to wear Manish Malhotra or a Sabyasachi Mukherjee on their D-Day. On an average these designer labels are retailed minimum price band of over lakh rupees, spending such enormous amount for single occasion would be just a dream for vast middle class segment. However, on line luxury

BY Shipra Srivastava  |  Jul 17, 2017  |  comments ( 0 )  | 

How to boost sales in Retail store

The Indian retail industry accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space. India’s retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600

BY Nibedita Mohanta  |  Jul 17, 2017  |  comments ( 0 )  | 

How to Start Your Own Retail Business

With the welcome of FDI, the retail market of India seems to grow at triple the speed. The Indian retail market size stands at about USD 585 billion and is expected to grow at CAGR of 13 percent to reach USD 1080 billion by 2020. This growth is largely attributed to the coming of age of the Indian retail sector, which has gone

BY Nibedita Mohanta  |  Jul 15, 2017  |  comments ( 0 )  | 

How Amazon is boosting prime membership to increase conversion?

No doubt Diwali has arrived early for Amazon India, as Prime Day 2017 brought in huge numbers of customers especially from smaller towns like Alwar, Muktsar, Gulbarga, and Algona. As per the statement released by the company the top ups on Amazon Pay increased by 17 times on Prime Day, and the percentage of digital payments highest in

BY Shipra Srivastava  |  Jul 14, 2017  |  comments ( 0 )  | 

Has end of season sale lost its sheen?

Summer may be yet to over but most of the retailers have announced their end-of-season sales (eoss)  almost a month back which is almost during the middle of the season. The reason could be to compete with e-commerce portals or cover up the losses.  Moreover, eoss has no longer remained a single sale event to

BY Shipra Srivastava  |  Jul 13, 2017  |  comments ( 0 )  | 

How Indian retailers are innovating to engage in-store shoppers?

The retail industry is where change is the new constant. Globally, the retail sector has been undergoing a revolution of sorts – driven not only by fast-changing consumer preferences and behaviour but also advances in technology. Foreign and domestic retailers operating in India too have started taking steps to deliver the next

BY Guest author  |  Jul 12, 2017  |  comments ( 0 )  | 

How Order Fulfilment can make or break the business?

For business owners especially the small ones selling goods online is the ultimate dream. Delivering goods online is the key to success as far as online business in concerned. Order fulfillment is the most important aspect of building any omni-channel/ e-commerce business. Each business needs its own set of logistics arrangement as far

BY Shipra Srivastava  |  Jul 11, 2017  |  comments ( 0 )  |