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Myntra grows 80 pc YoY; set to achieve profitability in FY18

Myntra, India's leading platform for mass premium fashion today announced that it has witnessed 80 per cent year-on-year growth with an industry leading revenue run rate of US $1 billion. The acquisition and turnaround of Jabong and the recently...

In Pics: The top level churn in e-commerce

2016 is ending and Indian e-commerce majors - Flipkart, Snapdeal, Jabong, Paytm among others - are grappling with an exodus of management-level executives. All have been aggressively recruiting top talent - including big-ticket Silicon valley veterans - with the millions of dollars they have...

Note Ban: E-commerce firms accept digital money after order delivery

E-commerce firms like Snapdeal are now allowing customers to pay for orders using digital payment options instead of cash when the packages are delivered to them. According to a PTI report: Unlike previously where digital payment options were available only...

Jabong sees a turnaround; records 50 pc growth in net revenues in Oct

Fashion e-tailer Jabong, which was acquired by arch rival Myntra a few months ago, has witnessed a 50 per cent growth in net revenues in October, according to the company. The company claimed to have closed October with the first...

Sanjeev Mohanty, MD – South Asia, Levi Strauss & Co

Sanjeev Mohanty MD - South Asia Levi Strauss & Co Jabong’s former CEO & Managing Director, Sanjeev Mohanty, has joined Levi Strauss & Co. as Managing Director of the firm’s South Asia operations. Mohanty joined Jabong as CEO and MD in December 2015, in...

Mergers: The road to success for the e-commerce industry

Experts have long believed that 2016-17 will witness a large number of mergers and acquisitions in the startup industry and the recent merger of Goibibo with Make My Trip has only corroborated this supposition. Indeed, the corporate appetite for mergers and acquisitions has increased...

Malls upbeat about sale season, to counter deep e-discounts with selective promotions

According to an Assocham report, Indian consumer demand is currently seeing good growth of around 40 per cent in the ongoing Diwali season, as compared to 2015. Assocham has estimated that Indian consumers are likely to spend over Rs...

Shifting into e-gear: How India’s brick-and-mortar apparel players can get ahead in the e-retail race

Online channels are rapidly disrupting Indian apparel retail, just as they have across the globe. To get ahead in a rapidly changing competitive landscape, leading brick-and-mortar players will need to shift some key gears. Associate Consultant at Kanvic Consulting,Vlad...

Indian consumer demand growing at 40 pc in festive season: Assocham

Indian consumer demand is currently seeing good growth of around 40 per cent in the ongoing festival season, as compared to 2015, on the back of an upturn in the economy and improving perception of better job prospects coupled...

Diwali sales not over yet; Snapdeal to launch 2nd edition from Oct 12

Within a week of its mega sale, e-commerce major Snapdeal has announced a second edition beginning October 12 to cash in on the festive mood in the country. According to a PTI report: The company processed transactions for over 11...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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