Aims to save time in entering infotech retail The MobileStore, the Esaar group's mobile phone retail chain, has announced the acquisition of the operations of Impact Retail Pvt Ltd for an undisclosed amount.
"We are seriously looking at launching our own mobile brand, offering a complete range of handsets to bring better value to our customers. We are currently negotiating with a couple of original equipment manufacturers (OEM)," Rajiv Agarwal, chief executive officer and director, The MobileStore, said, while refusing to give details.
The company would also increase its head count by over eight-fold to 10,000 in the next three years from the current 1,200.
The company would also increase its head count by ten fold to 10,000 in the next three years from the current 1000.
Second Tata firm to join hands with e-commerce portal.
Like Diwali, Christmas is one of the crucial sale periods for retailers and most of the retailers saw 15-25 per cent like-to-like growth in pre-Diwali sales this year.
Xiaomi has unveiled its flagship Mi5 handset, priced at Rs 24,999.
With the festive season underway, retailers in the online and the offline world need to prepare well to offer the best deals to consumers and earn trust.
Malls, retail stores are being hit by online sales and are struggling this festive season.
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