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Kishore Biyani led Future Group to take Brand Factory online

Future group will take online its fashion discount retail chain Brand Factory in February next year, its Group CEO Kishore Biyani told PTI.According to a PTI report: This would be a major online project of the Future Group in...

Binny Bansal resigns as Flipkart CEO

Flipkart Group Chief Executive Officer (CEO) Binny Bansal resigned on Tuesday over an alleged 'serious personal misconduct', the company said."Bansal's decision to quit came after an independent investigation done on behalf of Flipkart and Walmart into an allegation of...

Retail markets in India: Opportunities in a dynamic world

As the retail industry story unfolds in India, new strategies come to the fore. Recent news of Amazon acquiring a stake in Future Retail is an indication that the strategy will be differentiated given the nature of the market...

Snapdeal trims losses to Rs 613 cr for FY18, exudes confidence on hitting profits

E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents.According to a PTI report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss...

Flipkart, Amazon see bumper festive sale

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...

Walmart India to invest US$ 500 million to open 47 more stores by 2022

Walmart India Wednesday said it would invest about US$ 500 million (about Rs 3,200 crore at the current exchange rate) to open another 47 stores by 2022 to take the total number of outlets to 70.According to a PTI...

Flipkart Internet narrows losses to Rs 1,160.6 cr for FY18

E-commerce major Flipkart Internet has trimmed its consolidated losses to Rs 1,160.6 crore for the financial year ended March 2018, as per regulatory documents.According to a PTI report: The company had registered a total loss of Rs 1,640.2 crore...

Flipkart, Amazon claim record online festive sales

India's leading e-tailer Flipkart and its American rival Amazon on Thursday claimed record online sales ahead of Dusshera and Diwali festivals."We made a record-breaking business during the five-day sales festival on October 10-14 in diverse categories, including smartphones, electronic...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

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

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,...
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Paytm Apr-Jun quarter loss widens to Rs 840 cr

The company had posted a loss of Rs 358.4 crore in the same period a year ago, according to...
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