OMNI CHANNEL
Not e-comm alone, one has to be in modern trade, in kirana stores also to build scale: Sunil D'Souza, Tata Consumer
Sunil D'Souza of Tata Consumer says today's consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also.
Reliance Retail partners with UK-based fashion retailer ASOS
India's largest retailer, Reliance Retail, has signed a long-term licensing agreement with UK's leading online fashion retailer ASOS, bringing the brand to India. Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India, introducing its curated portfolio of fashion-led own brand labels through a multi-channel presence and diverse retail formats.
Reliance Retail partners with ASOS to bring brands like ASOS Design to India
Reliance Retail and ASOS have announced a long-term partnership to establish a multi-channel presence for ASOS's own brands in India. Reliance Retail will manage all online and offline channels, including exclusive brand stores, multi-brand store expressions, and digital commerce platforms. This marks ASOS' first country-wide exclusive retail partnership.
Kisanserv announces plans to open 250 new omni channel retail stores in Pune, Mumbai
Kisanserv says its unique selling proposition (USP) remains in providing its customers with fresh, premium-packed fruits and vegetables at 15–25% lower prices than the market.
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omni Channel
Nair comes with an experience of over 30 years in retail, sourcing, business analysis and strategy. He has joined Myntra’s senior leadership team where he will be responsible for strengthening Myntra’s existing international brands portfolio, while building strategic partnerships with leading global brands and will also be managing omni channel strategy for brands.
Good Glamm, Shoppers Stop ink collaboration for omni-channel retail
Sukhleen Aneja, chief executive officer at Good Brands Co, owned by Good Glamm Group, said: “We look forward to expanding this collaboration subsequently to other products to tap into a broad consumer base.”She added the collaboration, once expanded, is expected to bridge the gap between online and offline retail and bring digital shopping experiences into physical stores.
- Go To Page 1
Shilpa Shetty Kundra invests in omni-channel ‘Farm-to-Fork’ startup ‘Kisankonnect’
Kisankonnect claims that it has one of the most advanced temperature -controlled and tech-enabled supply chains.
Reliance Retail takes on Nykaa, launches omni-channel beauty product platform Tira
The Tira store at Jio World Drive in Mumbai is spread across 4,300 square feet. Our vision for Tira is to be the leading beauty destination for accessible yet aspirational beauty, said Isha Ambani, Executive Director, Reliance Retail Ventures Limited.
Number of consumer cases disposed in 2022 exceeds total cases filed last year: Govt
In 2022, the total number of cases filed stood at 1,73,457 while the cases disposed of stood at 1,82,248 last year. From July 2022, there has been more disposal of cases every month than consumer cases filed, she said. There is one national consumer commission, 36 state commissions and 696 district commissions in the country.
Arvind and PurFi Global form joint venture to reduce textile waste
PurFi's technology creates a circular solution that rejuvenates textile waste into virgin quality fibres, a joint statement said. This will process textile wastes -- white cotton, coloured cotton, denim and synthetics -- into virgin-like fibres for reuse from two lines, where each line will have a 5,500-tonne capacity per year with plans to expand over the next five years.
Direct-to-consumer business model is here to stay; omni-channel the way forward: HDFC Securities
Given the D2C space is still nascent, companies need external funding to expand and funding constraints may cause a slowdown in the near term, said the report. However, it maintained that D2C and new age brands would scale up and gain size and become 8-10% of the FMCG basket over the next five years.
Hero Lectro launches platform to enhance D2C sales, strengthen omni-channel presence
Hero Lectro said its online store will cater to both personal and cargo usage and will also fulfill corporate and bulk Business-to-business (B2B) queries and purchases. Consumers can also avail of no cost EMIs and exciting bank and credit card offers on purchases through the platform.
Unacademy looks at omni-channel retail, launches physical stores
The Unacademy store will host a counselling area for learners; an in-house library for reading sources, as well as classrooms that will host its top educators.
MMG launches omni-channel digital platform Moonshot
MMG, among the largest franchise bottling partners for soft drinks maker Coca Cola India, and exclusive partner for fast food chain McDonald’s in the North and East, is in the process of onboarding brands and is hiring a top team for the ambitious venture, MMG promoter director Anant Agarwal told ET.
ABFRL to set up new entity for D2C entry
The company which sells clothes and accessories from Louis Philippe, Van Heusen, Allen Solly and Peter England, among others, said it will incubate as well as acquire newer brands. The new venture will initially be funded through ABFRL’s internal accruals but will look to bring in external capital to accelerate the growth journey at an appropriate time, it said in a statement.
IKEA leases 1 lakh sq ft at R City Mall in Mumbai’s Ghatkopar for city-center store
IKEA is known for its massive stores. However, the company is approaching Mumbai, the country’s most expensive realty market, with a different plan in line with other international cities like Paris, Moscow and Shanghai.
Every time we hit a roadblock, we get tighter and leaner to maintain margin & sales growth: Metro Brands MD
“We strongly believe that in the long run, this is going to be India’s decade. At Metro Brands, we think that this is the right phase for us and the right step has been taken for the future of the company.”
IPO-bound Nykaa buys skincare company Dot & Key
This deal further plays into the consolidation that the industry is seeing with well-funded high growth brands acquiring smaller niche companies to fill product gaps. "Following this investment by Nykaa, Dot & Key will join Nykaa's stable of owned brands," the company said in a release.
Organic cosmetics company Juice Beauty launches in India
Gurugram-based House of Beauty - the company that launched Boddess in India in 2020 said it will expand American beauty brand Juice Beauty through 20-30 sales points in the coming days. The company will also tie up with other online omni-channel retailers to sell their products.
The impact of consumer behavior on the future of commerce
Brands need to strengthen their omnichannel strategies, invest in their social media presence, and create a mobile-first shopping experience to sustain in the longer run.
A reopen trade sees record FPI inflows even as they dumped other stocks
In July, foreign investors net sold over $1.5 billion of Indian equities yet they bought shares of retail sector companies to the tune of $733 million or roughly Rs. 5,500 crore, as per data available with the National Securities Depository Limited.
Cashify buys UniShop as it looks to expand both online and offline
Cashify, which raised $15 million in Series D funding from private equity firm Olympus Capital’s clean energy and sustainability arm in March, is in talks with new and existing investors to raise another $50 million, chief operating officer Nakul Kumar told ET.
Rise of e-commerce creating opportunities for retailers: Spencer's Retail Chairman Sanjiv Goenka
The future of retail lies in 'Omni-Channel' approach, which means converging sales through both physical stores and online, according to the latest annual report of Spencer's Retail.
A Bihar-based retailer lights up Dalal Street with 1,800% gains
Shares of the electronics goods retailer surged a jaw-dropping 1,800 per cent in a space of six months. That was nine times the return made by the best performing largecap stock in the same period.
New buyer, weddings and lightweight jewellery to drive demand: Tanishq
"There will be some kind of pent up demand on account of weddings, a significant part likely to be in the second half of the year. Also, last year, we saw people come back because of missed milestones like birthdays, anniversaries and gifting," said Ajoy Chawla, chief executive - jewellery division at Titan. "The third area where we see opportunities for people to come to us is really our new buyer recovery."
Lenskart plans 300 more stores, sets up 'Vision Fund' to back startups
Consumer demand shifts online but omni-channel play remains crucial as markets open up
Gold shines online this Akshaya Tritiya
Paytm Money witnessed a 30% year-on-year (YoY) value growth in digital gold sales on their platform this year. Paytm Money CEO Varun Sridhar said, “In the last three days, we have recorded 50kg of gold sales. The average ticket size has grown from Rs 1,600-1,700 to Rs 2,300-2,500 per transaction.”
Expect strong growth momentum in healthcare over next two decades: Sumeet Narang
“India has come of age in many aspects of healthcare and pharmaceuticals and innovation is playing a very big role in valuation in the pharmaceutical industry as well as healthcare. ”
Lee and Wrangler looking to transform India business into omni-channel entities
Kontoor Brands, that recently decided to shift its businesses of Lee and Wrangler from its fully-owned subsidiary in India into a licencing model by signing a deal with Bengaluru-based omni-channel enabler Ace Turtle.
Load More
