India Post kickstarts e-commerce services

For quite long, India Post’s entry in the fast growing e-commerce business in the country has been an intensely debated issue. Considering its unbeatable reach across the length and breadth of the country, analysts have pointed out that e-commerce could be a robust vertical for the public sector giant. Putting all speculations to rest, last week Minister of State for Communications (lndependent Charge), Manoj Sinha launched the e-Commerce Portal of the Department of Posts (DoP). The Portal will provide an e-Market place to sellers especially to rural artisans / self-help…

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Xiaomi plans big ticket offline expansion in 2019

Chinese mobile handset major Xiaomi is seeking massive expansion in India through online stores route. According to a recently published report in a leading national daily, the company is looking to open Mi Stores in 5000 locations across the country to expand its reach in smaller towns. The company presently has ‘Mi Home Stores’ in over 50 cities in the country. The company which had entered in India in 2014 primarily taking the online sales route initially is presently believed to be the largest smartphone seller and it is looking…

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Finolex forays in retail format, 50 stores planned

Finolex Cables, India’s leading manufacturer of electrical and communication cables, inaugurated ‘Finolex House’ – its exclusive brand retail store in Chennai last week. This launch marks Finolex’s foray into exclusive retail format. Finolex House will serve as a one stop shop for consumers who are constructing or improving homes. The store offers end to end electrical solutions for a safe home, from range of high quality cables to electrical fittings. With the launch of the Finolex House, the brand gets a step closer to consumers who are seeking not only…

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Myntra’s dedicated offering for plus sized customers

Myntra has launched Sztori, its in-house plus size apparel brand, especially designed to suit a larger range of body shapes and sizes. It is essentially a designer wear in the plus size category, offering consumers, the perfect fit and multiple style options at affordable rates. The apparel is made to suit plus size body types rather than prove to be a mere extension in size on existing profiles, thus breaking the existing age-old norm in the Indian market.   Post identifying a white space opportunity in the segment, Myntra set out to design and develop merchandise under a new brand to cater to the category and make wearers look fashionable with multiple style…

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Myntra- Saif Ali Khan bring ‘House of Pataudi’

Myntra and popular cinestar Saif Ali Khan have joined hands to launch ‘House of Pataudi’ – a new ethnic wear brand. It is inspired from the sophistication and the rich heritage of the Pataudis and reflects a strong sense of culture and tradition. ‘House of Pataudi’ is co-owned by Myntra, Exceed Entertainment and Saif Ali Khan and exemplifies the latter’s classic and contemporary style and taste. The collection comprises traditional Indian wear, conceptualized in the form of Rozana, every day wear with a contemporary ethnic touch, Jashn, festive finery with a regal charm, Riwayat, bespoke splendour for the classic Indian wedding and a Special Edition, comprising collections inspired by the Pataudi trousseau. The range includes kurtas, sherwanis and…

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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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