Would retailer assisted e-Commerce find its next big market in India?
Globally companies across the spectrum are betting big on retail. E-commerce sales have increased ominously in recent years on account of rapid growth in online population and changes in consumer behaviour. While established markets are witnessing rapid expansion of e-commerce sales, currently accounting for 5-15 % of total retail sales, developing economies still continue to be more traditional in their consumer behaviour vis-a-vis e-commerce. Low internet and mobile penetration, expensive fixed and mobile broadband services and lack of supportive e-commerce ecosystems including infrastructures, distribution networks and regulatory framework seems to be apparent constraints in e-retail growth in such markets.
However, global e-commerce landscape is undergoing rapid transformation as developing markets including China, India and Indonesia are likely to experience far stronger growth in e-retail on back of digital revolution, rising younger population and emergence of modern e-commerce ecosystems seeking to blend technology with traditional distribution networks for more effective and efficient e-retail. According to Gartner Inc., India is one of the fastest-growing e-commerce markets in Asia-Pacific and is expected to reach $6 billion in 2015 from $3.5 billion market in 2014.
Dupont join hands with Reliance Industries
According to the report, Dupont has joined hands with Reliance Industries and Vipul Sarees for use of its renewable fibre product Sorona. Du point wants to make an 'environment-friendly' version for ethnic ladieswear. Dupont is expecting up to 13% growth in sales in 2015 report said. Report said, DuPont would continue to bring sustainable, eco-friendly products that are suited for the Indian market.
iKaaz and DCB Bank announce strategic tie up
iKaaz has partnered with DCB Bank Ltd. a leading new generation bank to launch innovative mobile payment solutions for the Indian Market. iKaaz and DCB Bank tie-up is expected to introduce consumer centric products taking the country a step closer towards a cashless economy. As per the agreement, iKaaz will launch mobile payment solutions including its flagship Near Field Communications (NFC) based Tap & Pay product targeting the merchant ecosystem and other related offerings directly targeting the consumers.
Reliance Retail plans to start e-commerce business
DuPont, Reliance Industries and Vipul Sarees are collaborating to launch an exclusive collection of “green”sareesmade with DuPont’s latest innovation for the textile industry,DuPont Sorona, a renewably sourced fibre. DuPont, a pioneer in fabric innovation for over a hundred years with innovations such as rayon, nylon, and Lycra, is joining forces with Reliance and Vipul to offer the modern Indian woman a saree that has not only environmental benefits, but performance, luxury and high fashion.The exclusive saree collection waslaunched at a fashion show in Delhi with the Bollywood actress, Huma Qureshi modelling these premium sarees.
Bosch and Siemens to double stores till next year
According to the report, Bosch and Siemens is planning to double its stores over 60 by the end of next year. Report said, the company aims to be a leading player in the consumer durables segment within 5 years.
The company opened first brand store of Bosch Household Appliances and second retail brand store of Siemens Home Appliances in Gurgaon.
Grasim plans to open 50 outlets by 2016
According to the report, Grasim is planning to target to its presence in tier II and III cities to drive future growth. Report said Grasim plans to open a total of 50 outlets by 2016. The company is eyeing to touch Rs 100 crore in the next 3-4 years, report says.The company is focussing on Central India, particularly UP, MP, Bihar and Jharkhand.
Arrow enters into agreement with Careli
Arrow Coated Products Ltd have entered into an exclusive long-term collaboration agreement for supply of the chemicals and technology required for commercial success of Arrow Care’s KLENZ brand of cleaning products. Careli SA is a Spanish chemical company located in Catalunya, manufacturing a wide range of products including liquid formulations for fabric washing, automatic dish washing and surface cleaning. This collaboration is perceived to be win-win for both corporations.
Neil Patel, Director of Arrow Coated, who was instrumental in signing this agreement, stated “Arrow, being a premium manufacturer of water soluble films (WSF), saw an opportunity to push this economically viable solution for the Indian market, which will be welcome by Indian citizens and our Swachh (Clean India) vision. The development of the right quality of WSF which is compatible with Careli chemistry is the key to this project”.
StoreHippo.com ties up with Fedex
StoreHippo.com has set aggressive growth plans with a core focus on integration of a simplified and efficient logistics system. In its quest for making things easier for the online merchants, StoreHippo has tied-up with the best logistics providers in the country like Fedex, Blue Dart, Delhivery, Aramex, etc. to give the merchants an unmatched logistics experience.
StoreHippo is one of the few platforms to have recognized logistics as an important element of growth for the e-commerce industry at large. In the fast developing e-commerce sector, logistics ensures that the right product reaches at the right place and the right time to a specific customer. In fact the success of e-stores depends upon the efficiency of their distribution networks.
WD ties up with Snapdeal
WD, a Western Digital company and digital storage leader, today announced the launch of the My Passport Ultra - Metal Edition drive and My Passport Ultra - Anniversary Edition drive on Snapdeal.com. These drives feature elegant metal exteriors, up to 2 TB capacities in smaller enclosures, content protection, including backup, and cloud integration for anywhere access to personal content. The 1 TB version is priced at approximately INR 6,500 and the 2 TB version is priced at approximately INR 11,000, and both come with a regional 3-year limited warranty.
Future Retail rights issue to open on January 15
Future Retail promoted by Kishore Biyani reportedly said its Rs 1600 crore rights issue will open on January 15, 2015 and close on January 29, 2015. The issue opens on January 15, 2015 and closes on January 29, 2015. The company has announced that pursuant to the authority given by the Board of Directors of the Company in relation to the Rights Issue matters, Future Retail Ltd has informed BSE that the Committee, in its meeting held on December 23, 2014, has finalized Issue Opening, Closing dates and last date for request for split application Forms of the equity shares having face value of Rs. 2 each (the "Equity Shares’’) and equity shares of Class B (series 1) having face value of Rs. 2 each (the "Class B Shares”) to be issued by the Company on rights basis to the holders of the Equity Shares and Class B Shares (as the case may be) as set out below.
Designer kids wear market to hit Rs 95K crore by 2016: ASSOCHAM
Rising media exposure, high disposable income of the parents, peer pressure and brand consciousness among children are driving the growth of kids apparel market in India from the current level of Rs. 72,000 crore to Rs 95,000 crore by 2016, growing at a compound annual growth rate (CAGR) of about 20 per, apex industry body ASSOCHAM said.
The kids' wear market is growing at the rate of 20% per annum, which makes it one of the fastest growing markets and likely to reach Rs. 95,000 crore by 2016 from the current level of about Rs 72,000 crore. In an ASSOCHAM recent paper on “Growing market for branded kids-wear in India”, it has been pointed out that kids fashion has percolated down to Tier-II and Tier-III cities like Dehradun, Ludhiana, Pune, Nashik, Indore, Varanasi etc.
Genius launches new mini Wi-Fi camera
Genius, one of the world’s leading manufacturers of computer peripherals and smart phone accessories, has announced the launch of its new mini Wi-Fi camera – the Life-Shot FHD300. This “attach it, wear it” camera lets you take videos, photos and create a time-lapse video while you are walking, running, riding a bike, in the rain, and underwater! Multi- tasking at it’s best!
Five Christmas Gifts under Rs. 1000
It’s that time of the year when chilly winters are accompanied with loads of celebrations, prayers at the Church and exchanging of gifts. Yes Christmas is here! Whether you are a Christian, Hindu or Muslim, you love this festival and you without a doubt celebrate it. Gifting during this time of the year is a tradition for some and trend for others. As the holiday season ramps up, it is incredibly easy for the gift list to spiral out of control, and as the number of recipients goes up, so will your credit card bill. But we think we have found some really good way to keep your account under control and your blood pressure as well. Planning and buying gifts for so many people is always a task. Since we go through this dilemma every year, this time we decided to put 5 gifts under Rs 1000 that are easily available both online and offline.
FashionAndYou opens three new distribution centers
FashionAndYou has opened three new sourcing & distribution hubs in Surat, Mumbai and Bengaluru. The additional capacity will help source and distribute goods faster and cater to all geographies with lesser dependency on main distribution center located in Gurgaon along with reduction in delivery timelines further.
FashionAndYou’s CEO Aasheesh Mediratta said, “In view of better delivery timelines and to source locally we recently opened our new fulfillment centers at three new locations; Surat, Mumbai & Bengaluru. This will not only ensure faster deliveries and better customer experience but will also support our trade partners to stock locally and ship goods directly to our customers nationwide.”
Ranthambhore Tours & Travels significantly improves business with Tally.ERP 9
Ranthambhore Tours & Travels, one of the largest and leading Safari & Tour Services operators in Sawai-Madhopur, announced the automation of all its business operations using the Tally.ERP 9 software package from Tally Solutions. The operator is now covering a range of operations, from order booking to in-depth MIS queries, using Tally.ERP 9. Other services including arrival-transfer assistance, game drives, sight-seeing, and taxi bookings are also managed in Tally.ERP 9.
Spice partners with Snapdeal.com
Spice has partnered with Snapdeal.com for online sales of the Spice Dream Uno H - India’s first Android One Hindi smartphone. Snapdeal.com will be the exclusive online partner for this revolutionary smartphone, which is a Hindi version of the popular Android One from Google and has been especially designed for the 300 million Hindi speaking people in the country. The phone is also available across all mobile retail stores and Spice Hotspot stores in the country.
Gati Connect presents exclusive products for Christmas celebrations
Gati Connect, the specialty festive gifting site from Gati Ltd is back with its offerings for Christmas and New Years. Gati Connect brings an array of gift hampers and food items that customers can choose from. Along with these are offers on a wide range of Christmas special products like Santa hats, floating candles, decorative items like Reindeer hair bands, long hat Snowman, Christmas hampers like small Santa stockings filled with candies, Santa bags, dancing Santa, glass stickers, flying lanterns, LED candle set, and a variety of Christmas trees & bells. A festival is incomplete without special seasonal savouries. Gati Connect also has on offer mouth-watering delicacies like chocolates, sugar-free chocolates, cookies & cakes, brownies, Christmas fudge, branded and imported chocolates, in unique and exclusive packaging.
Swarovski reinterprets Classic Valentine's Silhouettes
Swarovski offers a broad range of Valentine’s Day jewelry pieces, reinterpreting hearts and other classic motifs with a refreshing modern twist. For Creative Director, Nathalie Colin, “the heart is a universal symbol of love and friendship. This Valentine’s Day is no exception, but we wanted to approach this traditional motif from a more modern perspective.
Snapdeal.com launches ‘The Agri Online Store’
Celebrating Kisan Diwas, Snapdeal.com, India’s largest online marketplace, has today launched ‘The Agri Store’, a comprehensive online store offering access to farming and agriculture products for farmers across India. The Agri store offers hundreds of products across categories like - Irrigation Tools, Farming Tools and Seeds. More products and categories will be added in the coming weeks from merchants across the country to make The Agri Store a destination of choice for farmers seeking quality products with reliable service.
Apparel trumps electronics as the most-searched item: Junglee.com
Junglee.com, India’s #1 search and comparison site for shoppers, released its Online Shopping Search Trends Report 2014. The report analyses the key consumer online shopping search trends in 2014 based on customer searches on Junglee.com. Fashion categories moved up the ranking Shoes, Watches and Jewellery became the top searched categories on Junglee in 2014. In Apparel, the most popular searches were for Anarkalis, Sarees and Lehengas.
ED Appliances join hands BCL
E-Vision has officially announced that the brand has a tie-up with Box Cricket League which is telecasting on Sony Channel starting from 14th December Monday to Friday at 7:30 PM, until Jnauary 15th, 2015. Speaking on this association Gaurav Bhutani, Vice President Sales & Marketing said “We are a smart and innovative appliances company which believes to come out with intelligent products in the market; on the other hand Box Cricket league (BCL) is the pioneer of the sport-reality entertainment genre. BCL is not just a cricket league, but is a mix of entertainment, glamour and drama, where over 200 top television celebrities compete with each other. Through this platform and other marketing campaigns E-Durables supports the inclusion of women in cricket and other sports”.
Dubai delegation attracts Indian Shoppers with biggest ever Gold & Jewellery promotion
As Dubai gears up to celebrate the 20th anniversary of Dubai Shopping Festival, key representatives from Dubai Gold and Jewellery Group arrived in Mumbai with the biggest ever gold and jewellery promotions. Packed with amazing offers and raffle prizes, the 32-day celebrations that will begin on January 1, 2015, and for the first time attempts to feature the world’s longest gold chain besides offering a chance for shoppers to win up to 100 kgs of gold, 40 carat of diamond solitaires.
Myshopbazzar.com launches its first retail outlet in New Delhi
Myshopbazzar.com, one of India's leading online shopping portals has launched its first retail outlet in Dwarka, New Delhi. The opening saw a big rush of shoppers who wanted to avail the exciting inaugural offers and discounts. Myshopbazzar.com is planning to open a chain of retail outlets under the brand name of 'Myshop Connect'. They plan to open 50 such retail stores pan India by the end of 2015 and 300 stores by December 2016. 'Myshop Connect' retail stores will cover every locality/suburb of metros, tier-2 and tier-3 cities. The grand inauguration was done by Pravin Rana, Deputy Mayor MCD - South Delhi & Radhika Sethia, Chairperson, West Zone Councillors (BJP).
7 Limited Edition DIESEL Atelier Denims available online only at Myntra.com
Myntra.com announced the launch of the highly anticipated DIESEL’s Denim Atelier collection exclusively online in India. The Limited Edition Atelier Collection offers men highly distressed Italian hand-finished and handcrafted denims direct from the Diesel laboratory. Only three hundred pairs of these limited edition denims were produced worldwide with 11 premium denims to be sold in India. 7 pairs will be retailed exclusively online on Myntra.com at an all-inclusive price of Rs. 1 Lakh, starting 24th December 2014.
The ripped jeans trend has been bouncing on and off the fashion scene for decades now, but the Diesel Atelier collection will see more rips than ever. These pair of over-washed jeans, scored and ripped all the way down the leg and then re-patched is for the true connoisseurs of daring and rugged denim attitude. Each pair is an exclusive and unique hand-made design.
Alibaba.com organizes 'Alibaba Business Circle' in Surat
Alibaba.com organized the Alibaba Business Circle in Surat, one of India’s leading business hub for the diamond and textile industries. Alibaba.com brought the Vadodara Chamber of Commerce & Industry (VCCI), The Southern Gujarat Chamber of Commerce & Industry (SGCCI) ICICI Bank and SMERA Ratings Ltd together for the Alibaba Business Circle, a unique initiative aimed at educating SMEs in Surat on global trade opportunities and leveraging online commerce.
The event introduced industry veterans and key decision makers to address and illustrate how Indian SMEs in Surat can use the internet and e- commerce to sell products to overseas markets easily, gain better financing from banks, build trust and start global trading.
Moody's changes Matahari's outlook to positive from stable
Moody's Investors Service has affirmed PT Matahari Putra Prima Tbk's B2 corporate family rating. At the same time, Moody's has changed the outlook on the rating to positive from stable.
"The change in outlook to positive reflects Matahari's continued solid operating performance and cash flow generation over the last year which has reduced its absolute reported debt levels. It has maintained its adjusted debt-to-EBITDA below 4.0x-4.5x over the last several quarters, and we expect that it will keep its leverage at or below this level through 2015," says Annalisa Di Chiara, a Moody's Vice President and Senior Analyst.
The company's adjusted debt/EBITDA was 3.7x for the 12 months ended 30 September 2014 and this largely reflected operating lease adjustments rather than bonds or bank debt facilities.
Walmart plans to open new store in India
US retail major Walmart is reportedly planning to open a new cash and carry store in Agra.
The company said it will focus on cash and carry business in India in the absence of clarity on FDI in multi-brand retail trade. Walmart is committed to India and we are focused on our growth plans, company reported.
Alibaba Group is committed to protection of IPR and fight against counterfeiting
Alibaba Group, the world’s largest online and mobile commerce company, is committed to the protection of intellectual property rights (IPR) and the fight against counterfeiting. We have a zero- tolerance policy toward counterfeits on our platforms and we work together with brands, associations and government agencies to create visible and significant results in the intellectual property enforcement space.
Over the years we have made very good progress in the space of intellectual property rights protection, including the setting up of legal precedents with law enforcement. We have also established cooperative relationships with more than 1,000 major brand owners and several industry associations to enhance the effectiveness of our take-down procedures and other anti-counterfeiting measures.
Tommy Hilfiger announces Rafael Nadal as global brand ambassador
Tommy Hilfiger announces internationally renowned tennis star Rafael Nadal as the brand ambassador for its fall 2015 underwear and tailored collections. The Fall 2015 Tommy Hilfiger underwear collection refreshes classic styles with updated fits, revamped fabrics and elevated details whereas the tailored collection features sharp silhouettes, modern tailoring and rich textures.
“Rafael Nadal has been a longtime personal friend and supporter of our brand, and I’m continuously inspired by his dedication and passion for his sport,” said Tommy Hilfiger. “This exclusive partnership brings one of the greatest athletes of this generation into our Tommy family. Rafael embodies an effortless sense of style that exemplifies and reflects our brand spirit – he’s confident, fun and cool.”
IG International & Stemilt launches ‘Apples for Health’ campaign
Stemilt Growers LLC and IG International has recently launched the ‘Apples for Health’ campaign.The campaign is designed to promote the health benefits of eating apples and also make people aware of the different varieties of apples.
The campaign was launched in Hyderabad by William Young, Sales Director at Stemilt Growers, during his recent visit to India.
William Young said, “The Indian fresh fruit market is one of the world’s fastest growing markets and Stemilt Growers supplies the largest volume of fresh produce to India through IG International Pvt. Ltd.”. Stemilt Growers and IG International, who have partnered to grow the Indian fresh fruit market have now decided to build their relationship and work together in areas like temperature controlled warehousing and packaging and transportation of fresh fruit. IG Group’s partnership with Stemilt will also be extended beyond apples to other fresh fruits.