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Zara confirms launch date for India ecommerce store
Zara confirms launch date for India

Global fashion retailer Zara has confirmed the launch date of its ecommerce shop for its India market. To go live on October 4, the website would be the first time the Spanish retailer will trade directly with Indian consumers through its own dedicated online retail platform. Zara has had a presence in India since 2010, with 18 stores in India and through

September 15, 2017  |  comments ( 0 )  | 

Athleisure brand Hustle launched on Flipkart
Athleisure brand Hustle launched on

Hustle; the fashion athleisure apparel brand got launched exclusively on Flipkart, one of India’s largest e-retail store. Talking about the association, Mr. Vishal Patel, founder Tribesman Graphics Pvt Ltd., shared “We are super excited about this new association with Flipkart for our Hustle brand of products. I am sure we will get good response for our range considering Flipkart being one of the largest e-retailers today. The

September 04, 2017  |  comments ( 0 )  | 

 Gaursons building Rs 750 cr shopping mall in Noida Extension
Gaursons building Rs 750 cr shopping

Realty firm Gaursons is investing Rs 750 crore to develop a shopping mall in Noida Extension to tap business opportunities in commercial real estate which is doing well despite overall slowdown in the property market. This shopping mall, with 7.5 lakh square feet of retail space, is expected to open by March next year, Gaursons Managing Director Manoj Gaur said. Gaursons is developing a 240-acre township 'Gaur City' with an

September 04, 2017  |  comments ( 0 )  | 

Amazon seeks to expand seller base ahead of festive season
Amazon seeks to expand seller base ahead

Ahead of the festive season, Amazon has launched an application in India that allows sellers to register on their mobiles, the first time that the company is enabling such a facility in the world. More than 70% of the sellers in India use mobiles for processing orders and updating inventory, a ratio which is much higher than in the US and Europe. Presently, around two lakh sellers are registered on the Amazon platform. As

September 04, 2017  |  comments ( 0 )  | 

Amazon to reduce Whole Foods prices after acquisition
Amazon to reduce Whole Foods prices

Amazon.com has announced it will lower the prices of the organic food range of Whole Foods Inc. after closing the deal to acquire it.  According to Amazon, this move will help in making the organic food affordable for everyone. As what the world’s largest Internet-based retailer called a down payment, the grocery store chain featuring foods without artificial preservatives, colours, flavours, sweeteners and hydrogenated fats will

August 25, 2017  |  comments ( 0 )  | 

Flipkart-owned PhonePe clocks USD 2.5 bn runrate in July
Flipkart-owned PhonePe clocks USD 2.5 bn

Flipkart-owned digital payments company PhonePe today said it has achieved an annual run rate of USD 2.5 billion in the total payment volume (TPV) on its platform. "The monthly transactions on our platform have grown 800 per cent since December last year, fuelled by the exponential growth in number of online merchants, mobile recharges and bill payment transactions," PhonePe co-founder and CEO Sameer Nigam said. He added that a

August 24, 2017  |  comments ( 0 )  | 

Shoppers Stop to exit duty-free store business at airports by next quarter
Shoppers Stop to exit duty-free store

Fashion and lifestyle retail major, Shoppers Stop, is on the lookout for an immediate exit from its duty-free airport stores business, which it entered partnering with the Nuance Group AG in 2006. The company, in association with the Switzerland-based travel retailer, had formed the Nuance Group (India) Pvt Ltd with Rs 103.5 crore being paid up as capital and has stores in Mumbai as well as Bengaluru airports. However, Shoppers Stop that

August 24, 2017  |  comments ( 0 )  | 

GST could increase cost benefits by 5 per cent in 3 yrs says RAI
GST could increase cost benefits by 5

The implementation of goods and service tax (GST) could possibly increase overall benefits for retailers by up to 5 per cent over the next three years, according to the Retailers Association of India (RAI). "GST could increase the overall cost benefit of retailers by up to 5 per cent over three years," Kumar Rajagopalan, chief executive officer of RAI, told here today. "The single window tax will increase the ability to grow

August 24, 2017  |  comments ( 0 )  | 

Pepperfry aiming at Rs 5000 crore sales by 2020
Pepperfry aiming at Rs 5000 crore sales

Indian online furniture and home products marketing company Pepperfry is now going offline as well with its exclusive units, with a target of sales turnover of Rs 5000 crore by 2020. Pepperfry CEO and founder Ambareesh Murty said the company is currently clocking a turnover of Rs 1000 crore."We have grown four times over the previous year and we account for 65 per cent share of the online furniture market in the country." It is

August 23, 2017  |  comments ( 0 )  | 

Shoppers Stop to sell books, food online next fiscal
Shoppers Stop to sell books, food online

The organised retail pioneer in India, Shoppers Stop is gradually moving towards the omni-channel approach of retailing. It is planning to start selling books and food by the next fiscal. This comes after the brand has announced to open an electronic commerce platform around Diwali for its range of clothes, perfumes and accessories.   Following up on its scheduled introduction of omni-channel web operations in October, Shoppers Stop would

August 23, 2017  |  comments ( 0 )  | 

Flipkart launches 'Flipkart Global', enabling exports
Flipkart launches 'Flipkart Global',

Flipkart on Tuesday announced the roll-out of 'Flipkart Global', a program that will provide its 100,000 plus sellers with an opportunity to export their products to buyers across 190+ countries.    The concept leverages e-commerce export capability of eBay India, ties in with the 'Month of Partners', part of Flipkart's Big 10 celebrations dedicated to recognize and thank its partners and sellers for their

August 23, 2017  |  comments ( 0 )  | 

Kothari and Mullick as Emaar's independent Directors
Kothari and Mullick as Emaar's

With the view of improving the leadership and governance in the organisation, Emaar India, has appointed Snapdeal’s Chief Strategy and Investment Officer Jason Kothari as independent director. It has also roped in Khaitan & Co partner Sudip Mullick as independent director on the board.   Dubai-based Emaar Properties, which entered the Indian real estate market in 2005 in partnership with India's MGF Development, had in April

August 23, 2017  |  comments ( 0 )  | 

Mumbai Airport to host Helios' travel retail store in India
Mumbai Airport to host Helios' travel

Luxury watch brand Helios, from Titan, on Monday said it has entered the travel retail segment with its first airport store in India at Terminal 1 of the Chhatrapati Shivaji International Airport (CSIA), administered by GVK Mumbai International Airport Private Limited (MIAL). The expansive retail arena at the Mumbai Airport, coupled with the high number of passenger footfalls prompted the brand to enter the increasingly appealing segment

August 22, 2017  |  comments ( 0 )  | 

Paytm Mall to accelerate electronics delivery in 25 cities
Paytm Mall to accelerate electronics

In another effort to expand its operations, the Paytm Mall, a unit of Paytm E-commerce, will start offering 1-2 day delivery in the Consumer Electronics segment across 25 cities. The company says it will invest $35 million to expand its delivery infrastructure for the process. While it will, at first, offer expedited deliveries only on electronics across select cities, Paytm Mall will expand the service to 100 cities in the coming

August 22, 2017  |  comments ( 0 )  | 

Tata Westside withdraws clothes line hurting Jain sentiments along with formal apology
Tata Westside withdraws clothes line

Bowing to the religious sentiments of the Jain community, Tata Westside has reportedly apologised the Jain community for the alleged display of the ‘Navkar Mantra’ on  laidies’ kurti suits. The brand has taken the responsibility and has claimed to have removed the complete controversial cloth line from all its stores.   The development came after diamond trader Dharmesh Jhaveri and others shot off angry

August 22, 2017  |  comments ( 0 )  |