DUBAI SHOPPING FESTIVAL BACK FOR ITS 24TH EDITION

Dubai Shopping Festival (DSF) will be back for its 24th edition from 26 December 2018 to 26 January 2019, attracting shoppers from all over the world featuring exciting events, promotions and opportunities for enjoyable shopping experiences, coupled with fun and entertainment for all families. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), DSF will kick off with innovative initiatives and memorable experiences built around the three pillars of the festival – shopping, winning and entertainment. Ahmed Al Khaja,…

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Myntra Insider targets 10 million consumers

Myntra recently announced the launch of its  loyalty program, Myntra Insider. A first of its kind in the country, the program is a comprehensive package, designed to strengthen engagement with its users to drive stickiness on the platform. This open-to-all program allows Myntra to democratise fashion for every registered user through unique rewards and experiences. The Myntra Insider program hinges on three pillars – it rewards members for purchases as well as engagement such as browsing new categories, sharing feedback, wish listing etc. It offers a host of exciting perks…

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TCS an unfair liability for e-commerce Sector: IAMAI

With the government notifying the provision part of section 52 of the central GST Act, the Internet and Mobile Industry of India (IAMAI) has said that the provision of Tax Collected at Source (TCS) for e-commerce is an unfair liability imposition on the sector. According to IAMAI, this will create operational challenges.   IAMAI has also pointed out that online marketplaces, as recognized by the IT Act 2000, are intermediaries only providing a technological platform and are not actually engaged in the act of retail trade. Mandating technological platforms to…

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Alibaba partners with Russian firms to tap CIS

Global e-commerce giant Alibaba has joined hands with a clutch of Russian firms to tap the large sized market in the country as well as CIS region. The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation; PJSC “MegaFon” (LSE: MFON), a pan-Russian operator of digital opportunities (MegaFon) and Mail.Ru Group (MAIL.IL), the leading internet and IT company in Russia with growing international exposure have come together with Alibaba and announced a new strategic partnership to integrate Russia’s key consumer internet and e-commerce platforms and launch…

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SPPL announces offline presence expansion with three partnerships

Super Plastronics, a brand licensee of Eastman Kodak Company, has announced its offline expansion with its retail presence in Croma, Aditya Birla More and METRO Cash & Carry stores across India. With over 150 selling points in offline space, SPPL aims to capture 4% (Online + offline) market share for its KODAK TV’s in India by 2020. SPPL’s two-year anniversary celebrations being a Kodak brand licensee began in the month of August. Coinciding with the anniversary, the leading television manufacturer has announced its partnership with leading retail stores. SPPL is an…

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e-Commerce, an emerging threat for malls in smaller locations

  While e-commerce and brick-and-mortar stores will continue to co-exist in India, e-commerce currently has a definite edge over physical retail in India’s tier II and tier III cities, warns ANAROCK Retail’s report ‘Rebirth of Retail Malls: New, Improved and Revitalized’. The report, which was released at the India Retail Forum (IRF) in Mumbai recently, mentions that India’s tier-II / tier-III cities will also be key contributors to the country’s retail growth going forward. The organized retail market is growing at CAGR of 20-25%. “Nearly 100 million people out of India’s 300-400 million-strong middle class currently live…

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Schneider unveils experience zone for its retail products

Schneider Electric, the global leader in digital transformation of energy management and automation, has inaugurated the first of its kind retail experience zone, ‘Xperience Point’ in Gurugram. The Xperience Point will host Schneider Electric’s entire suite of products that redefine homes and living spaces. These include a wide range of customisable switches with variety of colour plates, distribution board covers, protection devices as well as products that are digitised and connected to ensure sustainability and efficiency, while adding to the style and comfort quotient of a home. With an interactive product…

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Government E-Marketplace reports GMV of over Rs. 10,000 crore

Government e-Marketplace (GeM), the National Public Procurement Portal, which completed two years recently, has reported an impressive Gross Merchandise Value (GMV) figure of over Rs 10,000 crore. This has resulted from over 6 lakh transactions through the platform. GeM has made over 4.2 lakh products available on its platform through a network of over 1.3 lakh sellers and service providers. These products and services are being bought by over 25,000 government organisations (Central, State Governments and PSUs) registered on the platform. More than 40% of transactions by volume are done…

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Future- MaxWholesale partnership to target grocery stores

Future Consumer has joined hands with MaxWholesale for the larger penetration of the humumgous grocery stores market Delhi/ NCR. Future Consumer is India’s first sourcing-to-supermarket food vertical under the Future Group umbrella. MaxWholesale is a new age e-wholesale platform disrupting using the efficiencies of its proprietary digital platform. As a part of the agreement, MaxWholesale will make its technology platform available to Future Consumer and enable distribution of the staples assortment of Future Consumer’s products to the neighbourhood grocery stores. The product assortment includes daily use commodity items like pulses,…

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Jabong reports brisk business during its Big Brand Sale

Jabong concluded the 4th edition of its Big Brand Sale (BBS) on a high note recently with the platform receiving over two million orders during the four day sales period – 27th-30th July. Commenting on the success of BBS, Ananth Narayanan, CEO, Myntra-Jabong said, “The 4th edition of BBS has been the biggest and most exciting ever for us.  We witnessed a whopping growth of 150% yoy with over 2 lakh new customers and 5 lakh loyal Jabong customers ordering 2 million products over 4 days. For the first time ever, we recorded 1500…

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