Shambhavi Anand & Richa Maheshwari, The Economic Times New Delhi, 2 Jun 2015 Puma, which made its India debut in 2006, said it posted sales of Rs 766.75 crore in the 2014 calendar year, inching closer to companies such as Adidas and Nike that entered the country earlier. The company has built on the advantage it took of a gap in the market when Reebok India took time out to deal with an alleged fraud in 2012 "I would not deny that the competition's weakness was an opportunity that we grabbed," said Abhishek Ganguly, managing director of the German company's…
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Priyanka Pani, The Hindu Businessline Mumbai, 29 May 2015 Taking a dig at each other on social media seems to be the norm for new-age entrepreneurs. A few days after Housing.com CEO Rahul Yadav took on founders of Zomato and Olacabs, it is Flipkart’s Sachin Bansal turn to take on rival Snapdeal on Twitter. Bansal took to the micro-blogging site to criticise Rohit Bansal, co-founder and Chief Operating Officer, Snapdeal, for saying that there weren’t enough quality engineers in India. The Wall Street Journal has quoted Snapdeal’s Bansal as saying: “If you think about the landscape in India, not too…
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Mehak Sharma, Indiaretailing.com New Delhi , 28 May 2015 Grocery e-tailing -- once not an in-favour category with Indian e-tailers -- is gunning for growth with startups and existing players eyeing an online shot. For some though, it's an exploration of the genesis of what really matters in retail. Several startups are currently focusing on pulling in the unique advantages of neighbourhood pop-and-mom stores into a technology-driven delivery model. These are structured around linking kirana stores with customers through mobile apps and online portals, creating an online marketplace for these stores at a time when traditional retailers are finding the…
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Vishal Krishna, Businessworld Bengaluru, 28 May 2015 Madan Mohan Reddy of Bangalore is hard at work in his 500 sq. ft shop. Bhuvaneshwari Rice Shop is his livelihood. The 21-year-old puts in 17 hours a day to earn Rs 50,000 a month. He is savvy, ambitious and uses a strappingly large smartphone. He is a digital literate, knows about products such as the mobile wallet and is open to cash-on-delivery to win new customers. He’s the kind of guy Amazon has been looking for. Eighteen months ago the $89-billion e-tailing giant began its ‘I Have Space’ (IHS) programme using the…
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Vishal Krishna, Businessworld Bengaluru, 28 March 2015 Today size isn’t everything. It is true that a large organisation fails to innovate if it tries to do everything on its own. This statement may not be true in the smart phone manufacturing world, but in the retail industry it is the hard truth. Corporations, with serious revenues, like the $473-billion Walmart, the $130-billion Tesco PLC and the $73-billion Target have all suffered a drop in profits because of unpredictable shopping habits of the new millenials, who are people born after the year 1990.These folks would rather look at a smartphone, for…
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