Big boys of retail want to move online

New Delhi: Brick-and-mortar retailers such as Future Groups’s Big Bazaar and Aditya Birla Retail are understood to be ramping up their back-end to gear up to the e-commerce revolution. The idea is to find additional revenues, reach out to Net-savvy consumers as well as mitigate costs related to real estate among others. Players such as […]

Amazon launches India e-commerce site

New Delhi, June 5:  Amazon, the world’s largest online retailer, has announced the launch of its marketplace in India, amazon.in. The platform will allow third party retailers to sell their products online with no listing fees. Greg Greeley, Vice-President of International Expansion at Amazon.com said, “We’re excited to get started in India and we will […]

Myntra to tap Indians abroad

Hyderabad:- Myntra.com, the e-commerce site that sells fashion and lifestyle products, will tap the Indian Diaspora, particularly in the US. Using its portal exclusively.in, the e-commerce company will offer a host of ethnic brands. “There is hardly any contribution from exports. We are going to tap this opportunity soon,” Sunjay Guleria, Vice-President (Marketing) of Myntra, […]

Snapdeal expects its online sales to cross Rs 2,000 cr in FY14

New Delhi: Online market place Snapdeal.com expects the total sale of products traded on its platform to cross Rs 2,000 crore in the next fiscal helped by its robust growth in the past two years and the growing popularity of e-commerce in India. “We expect the sale of goods on Snapdeal’s platform to cross Rs […]