Meesho Aims for Profitability in FY24

E-commerce platform Meesho is aiming to achieve profitability in FY24 as it looks to increase revenue and optimise costs, according to a senior company official

Warehousing Demand in Bengaluru Exceeds New Supply by 55%: Report

Leasing of warehousing space in Bengaluru exceeded new supply by 55% during 2018-22 period, resulting in lower vacancy level and increase in rental, according to India Sotheby's International Realty report

India's Internet Economy to Grow 6-fold to $1 trillion by 2030: Report

India's internet economy is expected to register six-fold growth and touch $1 trillion in terms of online transaction value by 2030, mainly driven by the e-commerce vertical, said a joint report by Google, Temasek and Bain & Company

Sustainable Splendour: The Green Revolution in Luxury

Today's consumers are demanding more sustainable products, especially since the onset of the pandemic. Luxury brands have been no stranger to this pivot in customer sentiment, although the industry has historically relied on its linear "take-make-use-waste" philosophy

The Business Of Love on Q-Commerce

Valentine Day was especially a good for quick commerce companies who made gifting convenient for consumers by tweaking their inventory to meet the surge in demand and offering under 30 minutes delivery

Luxury Goods Market Rebounds Post Pandemic

The report from Deloitte, focuses on the rebound of luxury goods market in the post pandemic era. As per the report, the 'Top 100 luxury goods companies' generated composite sales of US$305 billion

Omnichannel Retail Anchors Transformation in Consumer Experience in Home Décor Category

The home décor and modular kitchen segments are highly customer-centric, and the data-driven marketing approach has proven to be efficient in tapping the constantly changing customer behaviour and their preferences while shopping

Digitization in Retail: Enabling Transformation for a Better Customer Experience and High ROI

The winning way forward for physical retail owners is to leverage next-gen retail innovations that will yield high ROIS and create sustainability in the retail business

Data-driven Insights Assist E-commerce Platforms-Deliver Superior Shopping Experience

With so many options available, it's increasingly important for e-commerce platforms to stand out and deliver a shopping experience that is truly relevant and personalized

Fashion Supply Chain Zeniths the Sustainable Approach

With the fashion industry having the longest supply chain among industries, players in this space have several opportunities to intervene through the supply chain and transform their business while advancing sustainability goals

E-Commerce and In-store Experiences Redefining Indian Shopping

While COVID-19 accelerated the reach of e-commerce among consumers, many shoppers went back to physical retail once cities started reopening and have since then adopted 'hybrid commerce' - offline + online

Modern Bazaar Evaluating Self-check-out in Some Stores

Modern Bazaar's phoenix-like rise after the family's first store in Vasant Kunj was gutted in a major fire in 2004. The brand is endeavored to be a one-stop-shop for the customers for all their essential and exclusive grocery and food products requirements, including an in-house bakery and a well-stocked meat shop

'We Plan to Reach a 500-store Count in the Next Two Years'

The 23-year-old brand now is gearing up for its next phase of expansion and aims to reach the 500-store mark in India by 2024

Will Retail Bounce Back As The Most Preferred Mode Of Shopping?

Consumers are now beginning to feel the brunt of online fatigue’ The endless scroll and blue-screen exposure from running business meetings to shopping online are taking a real toll

Brand Concepts to Expand in Tier II & III Cities in 2023 - Abhinav Kumar, CEO, Brand Concepts Ltd.

With fashion and design being the core, Brand Concepts Ltd. will continue focusing on adding more licensees in the travel gear, handbags and small leather goods in 2023.

Lacoste to Make Online Channels More Robust Going Forward - Rajesh Jain, MD and CEO, Lacoste India

Lacoste to continue strengthening the omnichannel network. The brand aims to keep upgrading the boutiques to provide more premium experience to customers visiting the stores.

Being 'Digital First' is the Way to Survive in the New Retail World - Sanjeev Rao, CEO, Being Human Clothing

To enhance the in-store experience, Being Human has introduced mobile POS that helps with faster checkout and makes the process seamless.

The Demand for Experiential Retail to Grow in 2023

In 2023, retail in India is expected to grow better than all other key markets globally with Omnichannel becoming the norm for the retailers. Concepts like these will enable millions of small retailers to participate in digital commerce.

Government Decriminalizes Key Acts Applicable to Retail Businesses

Decriminalization of the Legal Metrology Act and Food Safety Act, which are applicable to retail businesses on a day-to-day basis will greatly reduce the impediments of operating a retail business in India.

How Digital Payments are Driving India's E-Commerce

The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the masses.

Adaptability that Retail Platforms Seek

The report examines the work conditions of platform workers on digital labour platforms in India. It evaluates 12 platforms offering location-based services in sectors such as domestic and personal care, logistics, food delivery, e-pharmacy, and transportation in India.

Here's What India Ordered on Q-Comm in 2022

While Borzo reveals that food and clothes were the top category ordered, Dunzo Daily’s latest data suggests that onions, tomatoes, and potatoes were the most ordered veggies in all cities.

Retail's Relay Across Tier II Cities!

Retailers and mall developers are looking to leverage the buying power of the populace residing in these cities. In addition, growing Internet usage has whetted the appetite for quality products in these areas, thus giving a fillip to malls and e-commerce.

Metro Brands to Expand into Tier II & III Cities in 2023 - Nissan Joseph, CEO, Metro Brands Ltd.

The brand is looking forward to building the athleisure segment, especially with the recent acquisition of FILA and Proline.

Sustainability is the key for Brands in Future - Mandar Gaonkar, Assistant General Manager (E commerce), Texperts

Texperts expansion plan is to increase the depth in limited categories, options, and choices. The focus remains on Tier I IT cities by increasing the choice in options offered to customers and increasing the channel of sales.

Mad Over Donuts to Roll Out Outlets in Baroda, Ahmedabad, Hyderabad, Kolkata and Tier II/III Markets in 2023 - Tarak Bhattacharya, ED, Mad Over Donuts (MOD)

Starting out as an organised retail chain in 2008 to serve gourmetstyle, freshly made donuts in India, MOD has grown from a single outlet in Noida to over 100 stores panIndia. It has cloud kitchens and offline presence across Mumbai, Pune, Delhi, Bengaluru and Chennai, along with a thriving online presence.

Kapsons to Target the Tier II & III markets in North for Expansion in 2023 - Darpan Kapoor, Vice Chairman, Kapsons

The brand aims to see more expansions in Tier II cities in the North, while increasing the square ft. area by 40% and retaining the growth rate of 25%. The idea is to disrupt the markets where the brand holds trust all the while garnering more exposure, especially amongst the youth.

Neeru's to Focus on Omnichannel Retail and Mobile Commerce for a Seamless Shopping Experience - Avnish Kumar, MD, Neeru's

The presence on social media helped Neeru's acquire a voice and mobile commerce, which helped them to know the customers and in generating good sales around all the marketplaces and in-store.

'We Have Always Been Hungry for Expansion and Desire to get Closer to our Consumers' - Alok Tandon

Inox so far has added 7 cinemas and 37 screens in this financial year including a 3-screen multiplex in Srinagar. The upcoming cinema launches lined up in cities are Hyderabad, Vijayawada, Delhi, Patna, Indore and Dharwad.

H&M Slashes 1,500 Jobs in Cost-cutting Effort

H&M will reduce its workforce by 1,500 positions as part of its previously announced cost-cutting program.