Rhik Kundu and Vaishnavi Bala, Financial Express Mumbai, January 19, 2014 Chung wa tobacco, a favourite among Chinese nationals, always gets frontline display whenever a flight from China lands at the Delhi airport. Chinese literature and price tags replace the English ones, along with salespersons fluent in Mandarin, to cater to customers. The stores then scurry to make more changes to the merchandise once flights from other sectors start landing. Similarly, when a flight from Japan lands, the literature is changed to Japanese and popular items—Indian destination merchandise like replicas of Taj Mahal, stones, artifacts, souvenirs—occupy the front rows at…
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Meghna Maiti, Financial Chronicle Mumbai, January 17, 2014 Both are full of bombast. Both are bleeding. So what’s the difference between the virtual retail market and the real retail market? Not much really as far as making money is concerned. Oh yes, for you and me the difference is obvious: when you buy from an e-shop, you pay much less for an item that lands at your doorstep by post or courier and you suddenly decide you don’t like it after all. Try returning that – it’s a learning process you don’t want. Much better is the real world: you…
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Priyanka Pani, The Hindu Businessline Mumbai, January 17, 2014 Retailers and mall owners are throwing open malls at eight in the morning and doling out offers and discounts to boost slackening sales. Experts have attributed this trend to high inflation, slowing economy, competition among retailers and emergence of online players. They believe too much discount is detrimental to the sector. Infinity and Growels mall in suburban Mumbai decided to remain open for shoppers from 8 a.m. till midnight for a day on January 17. Korum mall in Thane and Oberoi in Goregaon were running flat 50 per cent discount across…
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Sonali Chowdhury, Moneycontrol.com New Delhi, January 15, 2014 In spite of slower economic growth and spiralling inflation, India's e-commerce market is bucking the trend. It recorded a staggering 88 per cent growth in 2013 to $16 billion, according to a recent survey by industry body Assocham, which estimates the e-commerce market in India to reach $56 billion by 2023. That's great news for entrepreneurs wanting to strike gold in the e-tail space. However, if you're one of these enthusiasts, be warned. The e-commerce market is fast growing but there is a tough competition with big league of players existing in…
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Financial Express New Delhi, January 14, 2014 In what will be a big blow to global multi-brand retailers making them even more wary about investing in India, the Delhi government has decided not to allow them to set up outlets in the capital. New Delhi accounts for a fairly large chunk of the organised retail market in the country and would have been an attractive catchment for any retailer. “We have written to the department of industrial policy and promotion withdrawing the Delhi government’s earlier consent allowing FDI in multi-brand retail,” a senior Delhi government official told FE on Monday.…
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