‘BIBA Ready-to-Stitch Collection’ available on Amazon

BIBA, India’s leading ethnic apparel brand, entered into a partnership with Amazon India for the exclusive launch of ‘BIBA Ready-to-Stitch collection’ on Amazon.in. The selection from the brand is available on Amazon.in since 2014 and this latest inclusion is an extension of the brand’s existing selection on the marketplace. Through their presence on Amazon.in, the brand has become more accessible to millions of customers across the country. BIBA ready-to-stitch line is a collection of handpicked fabrics from all over India which can be stitched as per one’s size and style.…

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How Residential and Retail Real Estate Sync Up in India

Anuj Puri, Chairman – ANAROCK Property Consultants   Whenever I’m asked how real estate is performing in India, I have to ask the questioner to be a bit more specific. Real estate is not a single industry but consists of various categories/asset classes, and each behaves differently at the same time and at different times. Residential, commercial and retail real estate each serve a very separate and distinct purpose, respond to a different type of demand and attract different types of investors.   However, it is equally true that all three…

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MRP made mandatory for e-commerce firms

From the beginning of the new year, the government has made it mandatory for e-commerce firms to print the maximum retail price (MRP) on goods. The move is aimed at protecting the interest of online consumers and alongwith MRP, the government has also made it mandatory for the sellers to print expiry date and customer care details. “Amendment made in the Legal Metrology (Packaged Commodities) Rules, 2011 to safeguard the interest of consumers and ease of doing business will come into force with effect from January 1, 2018,” the Consumer Affairs Ministry…

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Reconnect brand to expand its portfolio

According to a newspaper report, the retail arm of Reliance Industries, Reliance Retail, is likely to launch cameras, electronic wearables and tablets under its Reconnect brand portfolio. These products will be sold through Reliance Digital stores. “RIL already has the brand Reconnect in the market and the new products would be launched under the same brand. Tablets are in the pilot phase and are being tested with the employees. Other products are in the launch pipeline,” a source close to development has been quoted as saying in the report.

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Sri Sri Tattva brand to aim at 1,000 franchised stores

Spiritual guru Sri Sri Ravi Shankar‘s proposed FMCG and wellness brand Sri Sri Tattva is looking at swift expansion in the country in the coming years with as many as 1,000 franchised stores by 2020. According to a recent newspaper report, the company has set the turnover target of Rs 500 crore by 2019-20. “The company has strategically decided to open three formats – Mart, Wellness and Home and Health. Mart will be a small outlet comprising our entire FMCG range, while Wellness will have our entire range of prescription medicine and OTC ayurveda products. Home and Health…

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Government to formulate national policy for retail trade

Commerce Minister Suresh Prabhu has assured to formulate a national policy for retail trade. The policy will encompass different verticals of retail trade including small business, big retail, e- commerce and direct selling. The assurance came from the minister after a recent meeting with senior representatives of Confederation of All India Trades (CAIT) wherein the industry body expressed its displeasure with e-commerce platforms for indulging in deep discounting and loss funding, thereby violating FDI Policy 2016 of the Centre. “On demand of CAIT (Confederation of All India Traders) to formulate a national policy for…

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Grofers claims touching Rs 1000 crore revenue mark

According to a recently published news report in a leading national financial daily, online food and grocery retailer Grofers has claimed three-times jump in its sales between February 2017 through November 2017. This has helped the company in touching the turnover mark of Rs.1000 crore this year. “At Grofers, sales tripled between February and November, 2017 and we are exiting this year at a revenue annual run rate of Rs.1000 crore. Our average daily order volumes are now at 25,000 – a near 200% jump from the start of the year. Our core…

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Myntra’s end of season sale to target tier 2,3 customers

Myntra will soon kick start the 7th edition of the nation’s most awaited fashion sale event, Myntra’s End of Reason Sale (EORS). The biggest Fashion sale is ready with over 5 lakh styles on offer from 2000 global and domestic brands at 50-80% discounts; to be held between 22nd and 25th of December, 2017. Myntra expects over 60% sales from Tier 2 and 3 cities and is set to clock 25x in sales over a normal day on Day 1 of EORS. Jabong will also be participating in the sale for the 3rd time…

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Myntra claims capturing 40% market share in sportswear

Myntra, in a recent press release, has claimed emerging as the nation’s most sought after retailer for sportswear. The category has witnessed strong growth on the platform at 30% year-on-year over the last five years, owing to concentrated efforts by the online fashion major to grow the segment and catering to the budding enthusiasm for sports and fitness among the masses. According to the release, apart from improving shopper experience, Myntra has been successful in changing the dynamics of consumer profile by attracting more women to shop for sportswear, making it the…

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Alibaba founder bats for easier rules for e-commerce

Jack Ma, the founder of global e-commerce giant Alibaba, has urged WTO members to facilitate adoption of easier rules for e-commerce globally. Speaking at the 11th Ministerial Conference of the World Trade Organisation (WTO), Ma emphasized the imperativeness of simpler rules as it would help in mainstreaming of small businesses. “E-commerce is future…it is the solution for small business,” he said. He categorically stated that e-commerce policies need to be significantly improved to make it more inclusive. “The problem with globalisation is that its benefits have not been made available…

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