Marginal recovery in retail business

According to the 6th edition of the Retail Business Survey by Retailers Association of India (RAI) released last week, there have been signs of marginal recovery in retail business with degrowth figure registered at -52% in the month of August 2020 on a Y-o-Y comparison. Of all the four zonal pockets, South India has given the best performance. According to RAI release, in the month of August’20 on a Y-o-Y comparison, the only category that showed significant improvement was Consumer Durables with sales at -23%. Food & Grocery (-46% y-o-y), Footwear…

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Mi India launches 3000th store in India

Mi India, the leading smartphone brand which has also added smart TV to its portfolio recently announced opening of its 3000th store in India. The milestone store was unveiled in Bulandshahr, Uttar Pradesh and the company now claims to be present across 850 cities in the country. The company had opened its first store on 15th August 2018 in Bengaluru. Commenting on the milestone, Muralikrishnan B, COO, Mi India, shared, “We are delighted and humbled to receive continuous support from our Mi Fans and Partners that has enabled us to launch our 3000th Mi…

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E-commerce business to touch $100 billion level by 2024

A leading research and consultancy firm has projected big ticket growth for the e-commerce business in the country in next 4-5 years. And a key factor for sustaining nearly  three fold growth in value would be supported by innovative supply chain models, a white paper recently released by management consulting firm Alvarez and Marsal (A&M) has underlined. Calling “e-commerce retail (B2C) market to be more than a USD 100 billion opportunity by 2024,” the report said that the share of e-commerce was just 3 per cent in domestic retail in…

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Detel Easy’s first stock sold out within 48 hours

 Setting a new milestone, Detel, a value for money consumer brand has reported selling out its entire consignment of Two- Wheeler EV within a span of 48 hours from its launch. With this, the company earned a Gross Merchandise Value of Rs 23 crore which is another record in itself.  Commenting on the sales trends of the new offering, Yogesh Bhatia, Founder & CEO, “We are overwhelmed to see the response from our customers across India for our newly launched Two-Wheeler EV-DetelEasy. We are glad to have earned so much trust in…

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Shriram Farm announces its first e-commerce collaboration

Shriram Farm Solutions (A Unit of DCM Shriram) has announced its first e-commerce collaboration in India, the company has partnered with a digital platform ‘Plantix’, a subsidiary of a reputed AI-based German company. Plantix is popular for its Farmer app through which farmers/extension workers can take pictures of the affected crops and they will be shown the most probable disease, nutrient deficiencies or relevant pests and the corresponding treatment measures. Under the partnership, Plantix retailers can now place orders for Shriram brand seeds, crop protection and nutrition products directly through the Plantix Partner mobile app. Sanjay Chhabra, Business Head & President,…

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Jubilant FoodWorks introduces Ready-To-Cook products

Jubilant FoodWorks, one of the largest foodservice companies in India and master franchisee of Domino’s Pizza and Dunkin’ Donuts, recently announced its entry into the INR 500 Crore ready-to-cook segment with the launch of a new brand, ‘ChefBoss’. The ‘ChefBoss’ range of sauces and pastes includes eight different products across two types of cuisines (Indian and Chinese) and will initially be exclusively available for consumers across e-commerce portals. The online sale of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bangalore) and Milkbasket (NCR). The brand…

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Pizza Hut claims strengthening contactless service portfolio

Country’s leading pizza brand Pizza Hut has claimed adding new components to its contactless service portfolio. In a recent media release, the company has cited a host of new initiatives that entail creating a contactless delivery regime to keep the customers safe. “The experiential contactless service was especially curated for customers who want their pizza right out of the oven, untouched by any human hand so that customers continue to have access to tastiest pizzas that are safe and hygienic. Pizza Hut remains committed to ensure optimum level of safety…

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Snapdeal opens customer care centre in Shimla

E-commerce platform Snapdeal, which is trying to make inroads in regional pockets, has announced establishing a call centre in Shimla, Himachal Pradesh, to handle the growing volume of customer care traffic from customers across India. The centre is also expected to cater to the higher call volumes during the festive season later in the year. “Establishing this facility in Shimla is consistent with Snapdeal’s approach to further deepen its connect with Bharat. More than 85% of Snapdeal’s users come from non-metro cities. A very large part of its sellers is also based…

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PUMA initiates experiential retail concept

Global sportswear brand PUMA  has entirely remodeled stores at Banjara Hills, Hyderabad and Pacific Mall, New Delhi. Spread over 4200 sq.ft. and 3800 sq.ft., respectively, it seamlessly combines technology, sports and experiential retail under one roof. This also marks the launch of the brand’s first PUMA SELECT shop-in-shops in India to range exclusive global designer collaborations. Speaking on the launch, Abhishek Ganguly, General Manager, PUMA India and Southeast Asia “In line with our efforts to continue to enhance customer experience, we are thrilled to launch two completely redesigned stores in India. With…

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Snapdeal receives ISO 27001 certification for IT security

India’s leading value-focused ecommerce platform, Snapdeal has received ISO 27001 certificate for its IT security system. The certificate was issued pursuant to Snapdeal’s implementation of a coherent and comprehensive suite of information security covering all the 114 controls of the ISO standard across all functions including marketing, customer experience, technology, human resources, and supply chain management. The company has an Information Security Management System (ISMS) for protection against unauthorized access. The processes and guidelines under the ISMS are designed to ensure an effective and business sensitive security system, with a view to minimize…

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