Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68% of the total sales as the country saw a massive 55% (year-on-year) growth
Multi-brand retail chain Tablez is looking at a turnover of around Rs 500 crore and expanding its network to around 250 stores in India over the next five years, a top company official has said.
Margin trajectory, however, depends on festival season discounts, share of general merchandise
Says hefty discount amounting to predatory pricing, cashback by credit and debit card banks and high interest rate on EMI offered to buyers need to be scrutinised
Converts outlets into online fulfillment centres; experts say firm had been quietly stitching up a strategy to boost e-commerce operations, push its value proposition aggressively among consumers
While India e-commerce is booming, retail sector is steadily recovering post 'unlock' to reach over 80% of pre-Covid levels of about $780 bn in 2020, according to RedSeer
Over 20,000 offline retailers and kiranas from 'Local Shops on Amazon' programme will participate in their first 'Great Indian Festival' sale event, to be hosted by the e-commerce giant this month
Flipkart Wholesale's 'Big Festival Month' would offer a wide range of products in categories
The e-commerce firm's digital B2B marketplace expands its network to 12 new cities with enabling digital commerce access to thousands of Kiranas and SMBs.
Through this deal, Max Fashion will get wider market access and make its products such as accessories, footwear, womenswear, menswear and kids wear, available in newer geographies and pin codes
Flipkart is undertaking training programmes for its direct hires in various aspects of the supply chain
Fintech major Paytm on Wednesday said it is in the process of hiring over 1,000 people across various roles over the next few months as it expands its operations
From S&P Ratings predicting slower revenue growth for TCS, states to pitch for timely GST compensation at Council meet to cinemas getting ready to open in September, here are top headlines of the day
Jeff Bezos regards India as a key frontier for Amazon; he faces a homegrown champion backed by some of his fiercest US rivals
DealShare has tied up with about 400 manufacturers, of which around 300 are local producers
The last of a three-part series looks at how retailers and e-tailers are doing business amid the Covid-19 pandemic
Last month, the government said e-commerce platforms would be allowed to sell only essential items during the lockdown
Walmart said it will now require its US staff to wear masks or other face coverings at work
Firms say they are conserving cash and postponing expansion plans
Tech firms ask staff to work from home as Google techie tests positive; DoT relaxes norms for BPMs