ETAIL
Once rebuffed, a Chinese company finds the Ambani route to India
It seems a safe India entry for Shein because this time the ownership and control of the platform will remain with Reliance Retail's subsidiary; the platform will be hosted on infrastructure in India; and all platform data will remain in India, which Shein will not have access to, or rights over, ET has reported based on information from sources.
Food contamination cases: E-tailers turn more watchful, prepare to delist errant manufacturers
A human finger found in an order of ice cream recently brought food etailing into sharp focus. Following this weird episode, etailers are beginning to cast a keen eye on their suppliers, and bringing new policies with provisions to penalise errant partners.
Too hot, too good for e-tailers: ACs, ice creams and beauty products' online sales enjoy the heatwave
Consumers are increasingly turning to online shopping for a variety of products like air conditioners, beauty products, and snacks as heatwaves prompt them to stay indoors, especially during peak afternoon hours. Brands like Voltas and Panasonic have witnessed significant growth in online sales, particularly in the AC category. E-commerce platforms are seeing a surge in demand for large purchases like ACs and coolers, with quick commerce becoming popular for daily essentials. Companies like Parle, Mother Dairy, and Baskin Robbins are experiencing a boost in online sales.
E-commerce firms back government's proposal to make anti-fake review rules mandatory
Major e-commerce companies in India, including Amazon and Flipkart, support the IS 19000:2022 standard to combat fake reviews through a Quality Control Order, focusing on trustworthiness, consumer complaints, responsibilities of authors, and the enforceability of standards.
E-tailing sector in India projected to grow at 18% by 2028-29: Report
The e-tail sector in India, expected to reach nearly USD 60 billion by the financial year 2023-24, is projected to grow at a CAGR of 18 per cent by 2028-29, according to a report by Knight Frank India. The report highlights the rapid growth of the Indian retail industry, accounting for 10 per cent of the country's GDP and 8 per cent of the workforce, with significant developments in shopping centers and retail destinations, particularly in Tier 2 cities. Despite disruptions during the pandemic, the retail industry is rebounding strongly.
Amazon India to revise seller fees from April 7
Amazon India adjusts fee structures on April 7, impacting various categories with revised fees tied to product prices. Changes encompass shipping, referrals, and tech costs, significant for revenue in the ecommerce sector.
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India's e-tailers seek to wring India's festive mood further, more sales announced
E-commerce platforms Myntra and Ajio are leveraging post-festival season demand with sales campaigns—'End Of Reason Sale' and 'Big Bold Sale'—offering discounted fashion products. Despite the official festival season's end, companies continue offering discounts, some aligning with Black Friday and Cyber Monday. With weddings beginning in many parts of India, firms aim to sustain consumption momentum.
CCPA asks e-tailers to put in place mechanisms to prevent unregulated sale of acid
In a safety notice, CCPA said before on-boarding sellers of acid, e-commerce players should take a separate undertaking from them on compliance of mandatory norms.
Black Friday 2023: India's top retailers unveil massive discounts and online bonanza
Black Friday 2023 heralds a transformative shopping season in India, mirroring the West's tradition. Top retailers like Croma, Amazon, Nykaa, Adidas, and more offer massive discounts, while the e-commerce surge reshapes the market. With electronics leading the fray, the iPhone 15 and gaming consoles steal the spotlight. As India embraces this global shopping frenzy, the stage is set for an unprecedented shopping extravaganza, promising unparalleled deals and a digital shopping bonanza for eager consumers.
I-T lens on Rs 10,000 crore tax evasion by online sellers; ED show cause notice to Byju’s
The income tax department reportedly uncovered tax evasion of around Rs 10,000 crore over three years by online retailers using social media platforms like Instagram and Facebook. This and more in today’s ETtech Morning Dispatch.
‘Vocal for local’ gives the festival of lights a new sparkle
Ecommerce majors Flipkart and Amazon both gave prominence to small and medium entrepreneurs and artisans prominence during their festive sales. For its flagship 'Big Billion Days' sale, Walmart-owned Flipkart included over 1.4 mn sellers, including Flipkart Samarth sellers like artisans, weavers, women, and self-help groups.
Amazon India sees strong festive sales growth in 2023
Amazon India has announced that its 2023 festive sale is the best in its 13 years of operations in the country, driven by strong demand. According to market research firm Redseer Strategy Consultants, online sales in India during this festive season are expected to grow by 18-20%, reaching INR 90,000 crore.
AJIO announces launch of AJIOGRAM, a D2C-focused content-driven interactive e-commerce platform
AJIOGRAM is seeking to onboard 200 homegrown D2C brands by next year. The initiative aims to provide customers a "wide range of options from streetwear to fast, artisanal, minimalistic, quiet luxury, slow and sustainable fashion," the company said in a statement.
Ranjan Pai invests in beauty etailer Purplle; Skyroot gets Temasek boost
Ranjan Pai's investment spree continues as the chairman of the Manipal Education and Medical Group has now invested in omnichannel beauty retailer Purplle. Details on this and other major startup deals in today's ETtech Top 5.
The great Indian premium trip is lighting up etailers’ festive season
According to Saurabh Srivastava, the Vice President of Amazon India, e-commerce is experiencing a significant trend of premiumisation across various categories. This shift is attributed to the expanding middle class with increasing disposable incomes.
Amazon, Flipkart festive offers give a massive push in e-retail sales
E-commerce platforms in India are expected to have made over Rs 29,000 crore in sales during the first four days of the festive sale period, according to a survey by Redseer Strategy Consultants. Sales increased by 16% compared to the same period last year, with Flipkart and Amazon's promotions on high-value products and financing options driving demand.
Festive season brings USD 13 bn opportunity for e-tailers, non-metro sellers get more Diwali orders: Report
Shiprocket estimates the Indian e-commerce opportunity will be at a staggering USD 13-billion for the Indian MSMEs during the festive season, it said. Observing that as much as 56 per cent of its order volume originates from non-metro cities, the platform said this underscores the rapid adoption of online shopping and digital transactions in smaller towns and rural areas.
Non-metros dominate online festival sale across Amazon, Meesho, Flipkart
Amazon said over 80 per cent of customers on its platform came from non-metro cities during the initial days of its festive sale "Great Indian Festival". Flipkart claimed 9.1 crore visits on Day 1 of The Big Billion Days (TBBD) while Amazon registered 9.5 crore customer visits in the first 48 hours.
FedEx Express unveils new automated e-commerce service for for e-tailers in India
According to the company, the customers will now be able to synchronise their Shopify, BigCommerce, WooCommerce, and PrestaShop store with FSM at fedex.com.
Rs 90k-cr e-tailing festive season sees Amazon rolling out incentives, innovations for sellers
Amazon says it has lined up a slew of incentives and innovations for its sellers in the days leading to the start of the sale season.
Etailers bet big on Apple iPhones; steep discounts and deals expected to drive festive season sales surge
Indian e-commerce platforms like Amazon and Flipkart heavily rely on the iPhone as their "hero" product for festive season sales. Online sellers are expected to offer maximum discounts on iPhone 12-14 series, with e-commerce contribution to iPhone sales projected to increase from 40% to 50-55% during the festive season. These high iPhone sales boost marketplace sales value, increase traffic, and help increase average ticket sizes.
E-commerce to grow to $300 bn by 2030, shipments by third-party logistics firms to 17 billion: Redseer report
The Indian e-commerce industry is predicted to grow five-fold to $300 billion by 2030, with third-party logistics providers expected to handle 17 billion shipments in the next seven years, according to a report by Redseer. As the third-party logistics sector expands, the cost per shipment is projected to decrease by 23% from Rs 60 in 2023 to Rs 47 by 2030. Meesho was identified as the largest contributor to e-commerce 3PL shipments in India, followed by Flipkart, Ajio, and Amazon. The report also highlighted the importance of 3PL in enabling market entry, driving growth, and optimizing logistics investments.
After bumpy 3 quarters of 2023, online sellers see 15 pc rise in festive sales
Sellers expect a minimum 15 per cent online sales growth compared to last year's festive event, with the median growth figure of 26 per cent sales increase expected. E-Commerce platforms are tailoring solutions to meet the optimism of sellers and as a consequence of which, seller perceptions around support provided by eTailing platforms have seen an uptick.
Tussle between online, offline retail makes comeback after three years this festive season
The retailers fear that the brands may undertake deep discounts on their online exclusive and end of life models whose supplies will be focused on e-commerce platforms considering almost all are carrying excess unsold inventory which they want to clear off in the up-coming festive sales.
India to see Rs 90K cr worth e-commerce sales in festive month this year
India is expected to witness a 18-20% increase in online gross merchandise value (GMV) worth Rs 90,000 crore during the festive month, driven by around 140 million shoppers, according to a report by Redseer Strategy Consultants. The report also predicts that the country's e-commerce industry will reach a GMV of Rs 5,25,000 crore for the entire year.
Indian e-tailing market reached $60 billion in GMV in FY23: Report
Direct-to-consumer brand growth has also spurred traditional players to take the digital route offering a competitive shopping experience and encouraging consumers to shop online.
ONDC to evaluate etailers based on commitment, says CEO Thampy Koshy
In April 2022, the network piloted a soft launch in five cities - Bengaluru, Delhi NCR, Shillong, Bhopal and Coimbatore. Since then, ONDC has also started a beta pilot in Bengaluru and in some tier-II cities.
Flipkart to provide access to Mia by Tanishq as holiday season approaches
A stylish catalog of over 900 unique Mia by Tanishq designs will be available to millions of Flipkart customers across metros, Tier 1 and Tier 2+ cities across the country, starting December 23.
A Flipkart veteran is building unified shopper identity across stores
The Indian startup created by engineer Ranjith Boyanapalli, a former executive at Walmart Inc.’s Flipkart, raised the funds from backers including Global Founders Capital Management and angel investors such as Binny Bansal and Sujeet Kumar.
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