The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
Overall automobile retail sales in India grew a modest 2.95 per cent in April this year to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note, Federation of Automotive Dealers Associations said on Monday.
Fewer e-commerce companies hired candidates from B-schools this year.
Despite having the third-largest internet user base in the world, India does not feature in the top ten e-commerce markets
Group buying sites, discounted fashion brand retailers and specialised online stores dominate the list of 20 hottest e-commerce start-ups.
Indian kiranas are agile enough to face the q-com challenge, but it's going to be a tough fight, notes Ambi Parameswaran.
Walmart, the world's largest retailer, is hoping to get more than 30,000 consumers through its e-commerce pilot project that will be launched in the first week of July.
It all started with Flipkart and Amazon trying to outdo each other - after Flipkart announced $1-billion fund-raising in July.
51% GenZ want to build multiple income streams through side hustles, freelancing and other gigs.
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Dismisses speculation that he would launch a major e-commerce initiative soon.
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
India's e-commerce market grew 27 per cent in 2014 to $3.8 billion.
India's e-commerce sector is a prize, but one that may end up being spread thinly.
Leading FMCG firms reported a nearly two-fold increase in the share of quick commerce within their total e-commerce sales, and this surge is anticipated to continue, said a joint report by Deloitte and industry body FICCI. Quick Commerce, also known as hyperlocal delivery, is now reaching around 35 per cent of online sales and has become a preferred channel for urban consumers. "About 18 per cent of consumers prefer purchasing food and beverage items from Q-commerce channels.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
Walmart is keen to spruce up presence in India.
'We saw 581 chocolate orders per minute and 324 rose orders per minute.'
Even smaller players like Bluegape.com have launched T-shirts, cups, wall clocks and other products inspired from the fan community.
With more than 10,000 stores under the various Reliance retail brands and over 2.5 million kirana stores already tying up with it, Jio's online marketplace would have the biggest hyperlocal logistics network in the country.
IRCTC and Yebhi's partnership was based on a revenue sharing model where Yebhi held inventory for IRCTC and shared about 2-10 per cent of the revenue.
Industry body to write to commerce ministry, seek regulation for e-tailers.
Access to capital for sub-standard companies is on the decline
First it was called content-led commerce. Then it came to be known as influencer-led commerce. And its latest iteration is creator economy. This evolution of the terminology for online personas impacting buying decisions -- through blogs, memes, bite-sized videos, and podcasts -- has happened over the past five to seven years.
E-retailers with foreign investments may now find it difficult to provide discounts.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
According to a 2013 CLSA report , online retail in India was worth $3.1 billion, or about 10% of the country's organised retail market
IndusInd Bank, has recently launched www.themorestore.com only for its credit card and debit card holders
Indian retail market would have a size of $1 trillion by 2020, said India director for e-commerce and local classified, Nitin Bawankule, on Thursday.
It is still "discounts" that e-commerce players have to rely on to bring in customers, though they might claim otherwise.
Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.
Snapdeal chief executive officer Kunal Bahl said Piramal's investment was a significant endorsement for the firm and the transformation the company has undergone over the last couple of years.
China on Friday said it is assessing whether to start trade talks with the US on tariff reductions following recent approaches by Washington, a move that would possibly ease the tit-for-tit tariff war between the world's two largest economies. "China is making assessments as the United States has recently reached out to convey messages to China through relevant parties many times, expressing hope to engage in talks with Beijing over tariff issues," the Chinese Commerce Ministry said in a statement in Beijing.
The e-tail venture plans to initially offer apparel, electronics and footwear products.
A growing preference for convenience products and hybrid media consumption, and a surge in digital engagement have led to a rise in the average basket size for fast-moving consumer goods (FMCG) among rural consumers. The average of the rural FMCG basket saw a 60 per cent rise from 5.8 in 2022 to 9.3 in 2024 as it expanded to include convenience products like ready-to-eat packages and beverages, stated the fifth edition of the Rural Barometer Report, brought out jointly by GroupM and Kantar, which surveyed 4,376 rural adults across 20 states.
Quick commerce (Qcom) platforms are bringing upon a rapid change in the behaviours of online shoppers, with 31 per cent of buyers relying on the fast delivery option for grocery needs, according to a new study.
The company is keen on creating 'a differentiated e-commerce model'.
Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
He seems to have struck a chord with young entrepreneurs.
In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.
New software to help shop through the cellphone
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