Sagar Malviya & Snigdha Sengupta, The Economic Times Mumbai, 18 December 2014 Despite an online shopping frenzy in the country and large investors stepping in to fund several online retailers, most e-commerce players are yet to turn their click-and-buy model into big businesses as the big ones steal the show. While nearly half a dozen shopping portals such as Zovi, FashionandYou, Yepme and Shopclues have doubled their sales since the last two years, they are yet to reach the Rs 100 croresales mark, and pale against the likes of Flipkart, Snapdeal and Jabong that clocked anywhere between Rs 500 crore-Rs…
CONTINUE READING
Sagar Malviya, The Economic Times Mumbai, 16 December 2014 eBay India, one of the earliest online marketplaces in the country, has slipped behind both Flipkart and Amazon on revenues from seller commissions as its two rivals along with Snapdeal have been aggressively pushing sales with big discounting events and high-decibel marketing. eBay India posted revenues or income of Rs 107 crore calculated on commission earned from sellers along with advertising revenues for fiscal 2013-14, according to its annual filing to the Registrar of Companies. In comparison, Amazon Seller Services posted revenues of Rs 169 crore and Flipkart Internet that manages…
CONTINUE READING
Vijaya Rathore, The Economic Times New Delhi, 12 December 2014 Brioni, a luxury menswear brand from Italy, is currently looking for the "perfect" location in a south Delhi upscale mall to open a store, almost after a year it shut down its earlier store located inside a five-star hotel. Store location is not the only change that Brioni has initiated in the country. It has found a new partner to sell its jackets, ties and shirts in India. Another luxury brand, Etro, is holding talks with a number of retailers in India to make a comeback, after it split ways…
CONTINUE READING
Rashmi Pratap, The Hindu Businessline Mumbai, 12 December 2014 Vinay Singh does not own a debit or credit card, nor does anyone in his family, which has lived for four generations in Bihar’s Gaya district. Yet, they regularly shop online from Homeshop18 and Naaptol. Even their holiday hotel bookings are done online, again without internet banking or cards. Singh instead has a mobile wallet from Paytm, which allows him to load cash on his mobile phone through a nearby mobile retailer or ATM and use it for all his online transactions. In the recent case where a customer of Uber’s…
CONTINUE READING
Sagar Malviya, The Economic Times Mumbai, 11 December 2014 Just three years... and the fashion retail industry may be at the threshold of a revolution. Jabong and Myntra, India's biggest e-tailers of fashion, are clocking up impressive top line numbers and, more importantly, red hot 3-digit and 4-digit growth figures that signal a tipping point in how urban Indians will dress themselves — they will likely move most of their clothes shopping to e-commerce. Consider the numbers. In three years of operations (2012-2014), Jabong and Myntra's combined top line has hit Rs 1,000 crore for the year ended March 2014.…
CONTINUE READING
