May 22, 2013

Brick by Brick to Brick and Click

January 26, 2013 By Leave a Comment
ReshmaNagpal

The power and influence of the web is phenomenal and growing every single day. A recent ASSOCHAM and Comscore Report puts Retail visitation at an overall reach of nearly 72% worldwide, having grown over 13% Y-o-Y. Retail sites are visited by more than a billion people worldwide every month.The report states that in India, Retail has grown 43% and reaches 60% penetration among online users, but is still below world averages, showing the immense potential. With the ecosystem to support growth in … [Read more...]

Filed Under: Ecommerce, Editorial Column Tagged With: , ,

Opportunities in Clothing, accessories & footwear (CAF) in online

January 26, 2013 By Leave a Comment
GobindPahwa

Internet growth has led to a host of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices, as observed by C.K Prahalad. The internet means that traditional CAF businesses will change because ‘’incumbents (in markets) and large firms do not have the advantage‘’ just by virtue of being there first or by being of big. The implication of perfectly competitive market as the world will observe is … [Read more...]

Filed Under: Ecommerce, Editorial Column Tagged With: , ,

Optimizing direct cost for higher margins in etail

January 26, 2013 By Leave a Comment
DJ

2013 is the year of efficiency improvement programs. Only those, who understand to improve direct cost management without service failure, will have the opportunity to survive, create an environment of leadership to foster markets and customers and will ultimately will lead growth in a business driven Indian Ecommerce value chain. What are the key different issues of the current players in the market ? Which can be the key direct cost initiatives for specific ecommerce players in the Indian … [Read more...]

Filed Under: Ecommerce, Editorial Column Tagged With: , ,

Jack Ma, CEO Alibaba Group Stepping Down

January 16, 2013 By Leave a Comment
Jack-Ma,-CEO-Alibaba-Group-Stepping-Down

One of the most notable international figures in the business world Jack Ma, CEO of Chinese e-commerce giant Alibaba Group has announced that he will be stepping down from his position. Jack, who has been the chairman and Chief Executive Officer for the past 14 years, announced that he would resign on May 10th as the CEO but actively take on the role of Executive Chairman, post that. He plans to name the next head at the date of his title change. In a report released by the New York Times, … [Read more...]

Filed Under: Internet, News Tagged With: ,

Why it is important to think about Usability of your Web Store

January 9, 2013 By Leave a Comment
Neha-modgil

E-commerce is all over the place and people are enjoying this new shopping experience where unlike traditional shopping, people can purchase anything anywhere at their convenience, without strolling or physically struggling to select things they need to purchase. Also, one doesn't have to seek assistance to enquire about the price or size or stand in long queues. However, there are definitely some disadvantages of online shopping eg. one cannot physically feel & touch the material of the … [Read more...]

Filed Under: Editorial Column, Technology Tagged With: , ,

Startup Chrono Watch looks for expansion funding

January 9, 2013 By Leave a Comment
Chrono

Chrono Watch Company, incorporated in June 2012 is a new affordable luxury watch distribution, retailing and e-tailing company headquartered in Bangalore which is expected to start its operations from 15th Feb is also planning to look for expansion funding. Speaking about Chrono, Arjun Sekri, Founding and Managing Director, Chrono Watch said, “Chrono is going to revolutionize the affordable luxury lifestyle accessory market in India through an unprecedented offering of world class watch … [Read more...]

Filed Under: Money, News, Startups Tagged With:

Offline or Online – what would the future be?

January 3, 2013 By 4 Comments
BijouKurien

Retail in India, though a very old industry, has seen rapid changes over the last 20 years. Circa 1992 - Shoppers Stop set up a modern department store with the intention of becoming a national retail chain. And over the last 20 years, many others have followed suit which has helped develop a modern retail industry which today contributes to approx 7% of India’s retail market. This does not take away from the many local retailers operating at a city level and many others who have progressed to … [Read more...]

Filed Under: Ecommerce, Editorial Column, Marketing Tagged With: , ,