Walmart faces yet another roadblock

At a time when global multi-brand retail chains were looking for easing of hurdles, the government seems to have impacted the entire retail universe by tightening the rules for wholesale traders. The Department of Industrial Policy and Promotion (DIPP), in a press note issued today, defined group firms as “two or more enterprises that directly […]

Myntra.com eyes Rs 800 cr turnover in 2013-14

Portal for fashion and lifestyle products Myntra.com today said it is aiming to double turnover from e-commerce business to Rs 800 crore this fiscal by investing in brand promotion and penetrating in smaller cities. “We are targeting to double our turnover from Rs 400 crore in 2012-13 to Rs 800 crore in 2013-14,” portal’s co-founder […]

E-tailing to grow hundred-fold by 2021, says study

E-tailing in India is expected to grow from $0.6 billion (Rs 3,300 crore) now to $76 billion (Rs 418,000 crore) by 2021 indicating hundred-fold growth in the segment, said a new study. The share of e-tailing of the total organised retail pie to grow from 0.1% now to 5.3% by 2021, said a new study […]

What after cash on delivery?

After cash on delivery (CoD), what? Many e-commerce websites in India are grappling with precisely this question two years after Flipkart offered that game-changing option to its buyers. Now, CoD is like a hygiene factor in the business. You either do it or you are not there at all. Consider the stakes. Global e-commerce sales […]

Retail space rentals: Connaught Place sees maximum 12% rise

Retail space rentals in Delhi’s high street Connaught Place have appreciated by 12% — the most among the country’s top eight cities — during the January-March period over the previous quarter, according to property consultant Cushman & Wakefield (C&W). Mumbai’s prime street Linking Road, on the other hand, witnessed the sharpest drop of 12% in […]

Walmart continues US lobbying on ‘FDI in India’

Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant’s US lobbying activities for facilitating its India entry. In its latest lobbying disclosure report filed with the US Senate and the House of Representatives for […]

Tesco treads cautiously in India

While talking about Tesco’s plans for India, China and Turkey last week after the announcement of the retailer’s 2012-13 results, Chief Executive Philip Clarke was particularly silent on its India plans. Save for a passing reference, there was no word on opening stores in India or the size of the potential investment. Tesco insiders say […]

Groupon India ties up with Croma to sell products online

NEW DELHI: E-commerce company Groupon India today joined hands with Tata Group multi-brand retail chain Croma to sell electronic products across the country. “We offer very good deals for restaurants and other places and are very strong in some categories like fashion. With this tie-up, we will be now offering electronics and Croma is the […]

Swiss watchmaker Raymond Weil to expand presence in India

Swiss luxury watchmaker Raymond Weil is looking at setting up three more stores and also expand its presence in multi-brand outlets in the country. “We have been in India for a long time and we have received appreciation across segments, especially women. We have stores across the metros and are now looking at cities like […]

Out-of-town retail: The viability of value

Selling off the damaged or out-dated products has always been a nerve-wrecking task for retailers. However, they can liquefy their obsolete products on discounts to consumers who want to get branded stuff at reasonable rates. Retail companies can offload factory surplus stock at discreet stores located on highways and city outskirts. Big hypermarkets, cash-and-carry outlets, […]