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 […]

Sleeping ad giant Amazon finally stirs

San Francisco/New York: Amazon.com Inc is known in the advertising industry as the “sleeping giant” because the world’s largest Internet retailer harbours a trove of consumer-spending data that many marketers have called an unrealized opportunity. Now it’s awakening to the potential. After running ads on its own website for years, the company has taken the […]

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, […]

LimeRoad to expand operations

New Delhi: LimeRoad, an online shopping site for women, will expand its operations to the US and UK by June-July. It also plans to expand its operations in 23 countries in the coming months. “We will first expand our operations in the developed markets of the US and the UK as the markets there offer […]

India not a short-term bet for Groupon, says global COO

Chennai: Kal Raman, Global COO of Chicago-based deals and discounts site Groupon, is reportedly one of the strong contenders to lead the company, after its CEO Andrew Mason was asked to step down last month. But Raman, with over 20 years of experience in retail with stints at WalMart, Amazon and eBay, is unfazed by […]

Timtara plans makeover after facing consumer flak

New Delhi: Online shopping portal Timtara is planning to raise $5 million by April for improving its operations. The company is also working on taking corrective steps to improve its Web site and address consumer concerns. Arindam Bose, Co-founder and Director, Timtara, told Business Line that he was in talks with at least two investors […]