Sharleen D'Souza, Financial Express Mumbai, 18 June 2015 Fashion and lifestyle e-tailer Myntra is understood to have seen a drop in sales after going app-only last month, say market watchers. “Myntra had anticipated some reaction to going app-only and had factored in a drop in sales,” said a source in the know. However, the etailer has no immediate plans to revive the website. A company spokesperson said: “We have just completed a month since we went app-only and hence are not ready to talk about the overall performance yet. We will however come back to you the moment we have…
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Shambhavi Anand, The Economic Times New Delhi, 17 June 2015 Private labels in daily household, personal care and food products are soon expected to drive nearly half the sales for online grocers, as they aggressively expand their portfolio for higher margins. Several players including BigBasket, LocalBanya, MeraGrocer and ZopNow have been selling their own brands in fresh fruits and vegetables segments, which account for 10-30% of their total revenue. By entering newer product categories such as staples and FMCG, these companies expect private-label contribution to go up to 40-50% by the end of this year. "The margins on private labels…
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Debojyoti Ghosh, Forbes India Bengaluru, 26 June 2015 Wipro enjoys instant recognition as an information technology behemoth, but hidden behind the name—an acronym for Western India Vegetable Products Limited—and the company’s sunflower logo are traces of its humble origins as a manufacturer of edible vegetable oil. Founded in 1945 by MH Hasham Premji, father of current promoter-chairman Azim Premji, Wipro began as a fledgling business riding the wave of an imminent Indian Independence. The company grew quietly from strength to strength, single-minded in its consumer care focus as a vanaspati manufacturer. Later, it would diversify into toilet soaps and toiletries.…
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Prasad Sangameshwaran, The Hindu-Businessline Mumbai, 16 July 2015 This was a business book launch that was billed as the big debate between retailers and e-tailers. On one side was Karan Mehrotra, co-founder and CEO of LocalBanya.com. At the other end was Damodar Mall, CEO, value format at Reliance Retail, who was present in his role as the author of Supermarketwala, secrets to winning consumer India. Keeping things from escalating into an exchange of blows was B S Nagesh, Indian organised retail’s original poster boy, who was moderating the book launch-based discussion. As the debate progressed, Nagesh suggested that the delivery…
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Ankita Rai, Business Standard New Delhi, 15 Jun 2015 Travel, books, electronics, fashion, classifieds and now local services - e-commerce has disrupted the status quo in almost every sector. With Amazon venturing into grocery (Kirana Now), Snapdeal entering services and Flipkart ready to follow suit, on-demand services appear to be the next frontier for competition in the crowded e-retail space. Look at what's in the pipeline. Amazon recently launched Amazon Home Services in the US market. It is expected to launch a similar service in India soon. Online marketplace major Snapdeal has gone a step further with its service platform…
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