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Tag: flipkart

Retail Asia28/01/2019
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General

Reliance Retail is 94th on Deloitte’s top retailer list

4min0
The global retailing industry saw a record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 percent, according to a latest report by a professional services multinational that said Reliance Retail was the only Indian company in the list. The Deloitte’s ‘Global Powers of Retailing 2019’ said that with the fast […]
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Retail Asia24/01/2019
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E-Tailing

Myntra India taps 9,000 kirana stores to boost last-mile delivery

3min0
Flipkart-owned ecommerce platform Myntra that saw 80 percent revenue fall in FY2018 has doubled down on last-mile delivery, tapping into over 9,000 kirana stores across 50 cities to fast deliver packages. Today, nearly 60 percent of all Myntra’s product pick-ups and deliveries happen through its ‘Kirana Delivery Programme’ — helping the company reduce delivery costs, the company […]
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Retail Asia24/01/2019
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E-Tailing

India’s Reliance to take on Walmart and Amazon online

1min0
South Asia’s richest man Mukesh Ambani is establishing an e-commerce platform to compete with Walmart and Amazon in India. The Reliance Industries chairman will roll out services in Gujarat before extending them nationwide. “Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 1.2 million small retailers and shopkeepers […]
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Retail Asia22/01/2019
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E-Tailing

Flipkart secures more funding to face competition

1min0
Indian e-commerce firm Flipkart has received US$201 million funding for its wholesale business from its Singapore-incorporated parent. The investment comes during a period of intensifying competition between the firm and its Amazon-backed competitor in a market estimated to be worth $18 billion. It signals a prioritising of sales growth by the retailer since its acquisition […]
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Retail Asia16/01/2019
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E-Tailing

Ananth Narayanan steps down as Myntra Jabong CEO

3min0
Fashion e-tailer Myntra Monday said its CEO Ananth Narayanan has quit, a development that ends months of speculation about his exit following a recent re-jig at its parent group Flipkart. In a statement, Myntra said Narayanan has decided to step down as CEO of Myntra and Jabongto pursue external opportunities. Amar Nagaram has been named as Head, Myntra and Jabong, and […]
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Retail Asia11/01/2019
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E-Tailing

Online Marketplaces India: Delivering fashion to the discerning masses

9min0
The online fashion space in India is positively buzzing with private labels or brand partnerships. Recently, heritage American denim brand, Wrangler collaborated with Indian e-commerce giant, Flipkart to launch an exclusive sub-brand called Wrangler 20X. Myntra also launched its in-house plus size apparel brand, Sztori as well as House of Pataudi, an ethnic wear brand co-owned by Myntra, Exceed Entertainment and Bollywood actor Saif […]
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Retail Asia03/01/2019
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E-Tailing

Grofers eyes $2.5 billion in revenue by 2020

5min0
SoftBank-backed Grofers aims to garner $2.5 billion (approximately Rs 17,500 crore) in revenue by 2020 as it scales up its private label offerings in the country and focusses on expanding repeat purchases in its platform. The company, which has recently completed five years of its operations, has a revenue run rate of $360 million (about Rs 2,500 […]
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Retail Asia02/01/2019
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E-Tailing

2.5 million buyers shop during Myntra, Jabong special sale

2min0
About 2.5 million shoppers ordered eight million products during four days of Myntra and Jabong’s special sale from December 22 to 25, a company statement said on Wednesday. “The ninth edition of End of Reason Sale concluded with Myntra and Jabong recording a massive surge in sale and traffic,” city-based Flipkart-owned Myntra said in a statement here. As […]
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Retail Asia02/01/2019
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E-Tailing

New E-Comm Rules: Flipkart India for broad market-driven framework

3min0
India’s largest online marketplace Flipkart has requested New Delhi that a broad, market-driven framework for the e-commerce industry be put in place after consultations with the relevant stakeholders. The request came a day after the federal government announced changes in the foreign direct investment (FDI) policy for the sector. On Wednesday, New Delhi took a series of measures to […]
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Retail Asia20/12/2018
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Startups

After Flipkart, Walmart eyes another Indian startup that specialises in AI

2min0
Walmart Labs India, the local product development division of US retail giant Walmart, last week announced it would hire key tech team from Artificial Intelligence (AI) and data analytics start-up Int.ai — its second acqui-hiring in the country within three months. Three engineers — including co-founders Vinay Kumar NP and Praneeth Doguparthy — from Int.ai will join Walmart […]
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Retail Asia12/12/2018
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E-Tailing

ShoppRe online portal targets Indians living abroad

2min0
International shipping and consolidation company ShoppRe.com is setting up in Dubai with a series of marketing campaigns. The shopping portal optimises cross-border e-commerce from India, acting as a bridge between people living abroad and Indian shopping sites such as Flipkart and Myntra. According to the site’s founders, most Indian sellers do not offer international shipping […]
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Retail Asia12/11/2018
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E-Tailing

Snapdeal trims losses for FY18, exudes confidence on hitting profits

3min0
E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents. According to a report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss of Rs 4,647.1 crore in FY2016-17, documents filed with the Corporate Affairs Ministry showed. The consolidated revenue from operations declined to […]
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Retail Asia07/11/2018
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E-Tailing

Flipkart, Amazon see bumper in India festive sale

3min0
With festive sales drawing to a close, e-tailing giants Amazon and Flipkart have claimed bumper sale on their platforms, and that they were ahead of the competition, as they received orders from customers from over 99 percent of the pin codes in the country. According to a report: Citing a survey by Kantar IMRB and other reports, Amazon India […]
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Retail Asia23/10/2018
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E-Tailing

Flipkart corners more than 50 pc share in India festive sale: RedSeer Consulting

3min0
Increased buying in smartphones and fashion verticals helped Walmart-backed Flipkart corner over 50 percent share during the first leg of the festive sale, according to research firm RedSeer Consulting. As per RedSeer’s latest report, Flipkart had a 51 percent share, while Amazon India had 32 percent share of the festive sale from October 9-14. “Flipkart accounted for more than half […]
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Retail Asia16/10/2018
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E-Tailing

Amazon, Flipkart clock Rs 15,000 crore in just 5 days of festive sale

6min0
E-commerce companies in the country are estimated to have raked in sales worth Rs 15,000 crore in about five days of their festive sales with giants like Amazon India and Flipkart claiming stellar show across categories like smartphones, large appliances and fashion. RedSeer Consulting in its report said e-tailers had a better “sales performance over the five festive days […]
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Retail Asia12/10/2018
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E-Tailing

E-commerce majors see strong growth in apparel, large appliances as festive sale kicks off

4min0
E-commerce giants Flipkart and Amazon India have seen a strong start to their festive sale with categories like apparel and large appliances driving record transactions and new customers coming on board. According to a PTI report: These companies have put in months of preparation in ramping up selection, setting up warehouses and strengthening delivery network ahead of the festive […]
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