World wars in Retailville
Business Standard|July 10, 2024
The foundation of Clash is an ☐ world's largest retail company, account of how the journey of the Walmart, was disrupted by e-commerce behemoth Amazon.
NIVEDITA MOOKERJI

Through the pages of this book, Nirmalya Kumar captures the deep rivalry between the two most successful American retailers and also how they have impacted the entire retail landscape. Making the best of his personal experiences through consulting assignments for retailers and brand manufacturers as well as his research and teaching stints, the author has been able to put together a work that is both informative and entertaining.

The book is neatly planned with each chapter giving the reader a unique perspective about two businesses that are distinctly different and yet so alike. The book starts with "once upon a time, in the bustling town of Retailville", promising to tell a story, and to a large extent it does. Of course, some of the details about the two companies are well-known and documented over the years. Even so, students of the retail sector and industry trackers are likely to find the work useful.

The writer touches on Walmart's $18billion acquisition of Flipkart, in 2018, as he discusses the American chain's heightened focus on online business. Interestingly, just when Walmart was moving away from its established trend of expanding physical stores, Amazon started spending significantly on creating an offline presence in the US. While the two protagonists were caught in a clear battle, Covid-19 was waiting to happen. The pandemic dealt a body blow to physical retail with some 12,200 stores, many of them storied, closing down.

Diese Geschichte stammt aus der July 10, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der July 10, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Business Standard

Himalayan glacial lakes expanded 10.81% from 2011 to 2024: Govt

Glacial lakes and other water bodies across the Himalayan region saw a 10.81 per cent increase in area from 2011 to 2024 due to climate change, signalling a heightened risk of glacial lake outburst floods (GLOFs), according to a government report.

time-read
1 min  |
November 04, 2024
Business Standard

India rises as global player in petroleum, sugar exports

SURGING MARKET SHARE IN 5 YEARS

time-read
1 min  |
November 04, 2024
Business Standard

Bollywood's tall storey: Mega deals drive real estate boom

Bollywood's influence extends beyond films. The industry's top stars are known for their larger-than-life roles both on and off screen.

time-read
2 Minuten  |
November 04, 2024
Festival spirit soars, so does pollution
Business Standard

Festival spirit soars, so does pollution

Last Thursday, the skies of Delhi illuminated with Diwali celebrations, despite a ban on firecrackers.

time-read
1 min  |
November 04, 2024
Business Standard

Credit culture: What's that?

Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers. But some of the NBFCs too are contributing to it

time-read
5 Minuten  |
November 04, 2024
PEELING THE KANDA EXPRESS
Business Standard

PEELING THE KANDA EXPRESS

As trains loaded with onions chug along, what is the impact on farmers, consumers, and traders?

time-read
4 Minuten  |
November 04, 2024
SROs and fintechs: The emerging plot
Business Standard

SROs and fintechs: The emerging plot

The Reserve Bank of India (RBI) recently recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation for fintech (SRO-FT) and is in the process of examining two other applicants.

time-read
2 Minuten  |
November 04, 2024
Amber lights flashing
Business Standard

Amber lights flashing

The microfinance business is turning cautious as delinquencies inch up, reports RAGHU MOHAN

time-read
4 Minuten  |
November 04, 2024
Business Standard

Have a heart condition? Go for specialised cardiac plan

Before purchase, check for waiting periods, co-payment requirements, and sub-limits

time-read
1 min  |
November 04, 2024
Business Standard

Breaking the silence on death and money

Rekha and Rahul, both in their early forties, were batchmates at the Indian Institute of Management (IIM). They married soon after graduating and enjoyed successful careers in Bengaluru.

time-read
2 Minuten  |
November 04, 2024