Sharleen D'Souza, Financial Express Mumbai, 3 May 2015 Having spent the past few years on customer acquisition, e-commerce players are now moving into the next phase of growth, with profitability as the aim. Not only are the discounts tapering off, bigger players like Flipkart and Amazon have started levying delivery charges on certain products, irrespective of the price. ecommerce Till last year, e-commerce players only focused on creating a customer base by offering a higher level of discounts than brick and mortar stores. With that in place, now they are looking to reap the profits. For example, Myntra, a fashion…
Ratna Bhushan, The Economic Times New Delhi, 2 May 2015 In an unprecedented move, beverage maker Coca-Cola is sponsoring Reliance Retail's ongoing five-day 'Big Jackpot' sale across its 600-plus food and grocery stores and has ended up promoting rival PepsiCo's products. The sale across categories includes foods, beverages, shampoos, detergents and fruits and vegetables. The ad-sharing, co-promotion deal, being run nationally across Reliance Retail stores, is a rare example of a large brand sponsoring a sale at a retailer, including a rival's products. "When a brand sponsors a big sale, which would run across as many as five days on…
Varun Jain, The Economic Times Delhi, 1 May 2015 Danish fashion company Bestseller will soon bring in its premium brand Selected to expand its India portfolio to four brands. The privately held company, which owns around 15 brands, currently operates menswear brand Jack and Jones, and women's brands Vero Moda and Only in the country. "We have added one more brand, Selected, to our portfolio which we plan to launch in a couple of months," said Ranjan Sharma, chief information officer at Bestseller India. The company will launch only the menswear collection under the Selected brand in the country to…
Jochelle Mendonca & Neha Alawadhi, The Economic Times Mumbai/Delhi, April 30, 2015 Brick-and-mortar retailers are beginning to spend more on technology and omni-channel strategies to combat the growing threat from ecommerce, a boon for tech firms who had seen revenue growth from retail decelerate in the last few years. About 39 million Indians shop online, according to an April report by research firm AT Kearney. Though it is a small proportion of overall population, it is growing fast. Traditional retailers are realising it is a market they cannot afford to miss. Technology firms such as IBM, Oracle and SAP are…
Panel Discussion moderated by Mr. Devangshu Dutta, Chief Executive, Third Eyesight at the Indian Retail Congress 2015 (17-18 April 2015). The panel included Mr. Manish Mandhana (Managing Director of Mandhana Industries with the brand Being Human), Mr. Sanjay Warke (Country Head of Toshiba India), Mr. Tanmay Kumar (Chief Financial Officer of Burger King India), Mr. Kinjal Shah (Chief Executive Officer of Crossword Bookstores) and Mr. Ranjan Sharma (Chief Information Officer of Bestseller India, with the brands Vero Moda, Only, Jack & Jones).
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
