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Understanding consumer trends is key to success in retail

Consumer and market sentiment is today more buoyant than it was until two years ago. The improvement in confidence levels has had a positive impact on how we spend. There is no doubt that consumer spending today is more...

Top retail trends of 2016 to watch out for

CONVERGENT POS The way customers prefer to pay is bound to change in 2016. Handheld point-of-sale (POS) systems with a cloud-based back-end have proven to be the device of choice by customers to make payments. They also result in more...

Ratan Tata invests undisclosed amount in CashKaro.com

Cashback and coupons site CashKaro.com has raised an undisclosed amount from Ratan Tata, the Chairman Emeritus of Tata Sons. Tata has made the investment in his personal capacity, his third investment in 2016. The funding comes just two months after...

Mother's Recipe to double sales from online, launches own e-store

Mother’s Recipe, the packaged food brand from Pune-based Desai Brothers, has launched its e-store. The company said it plans to double its sales from the online channel in about a year's time. From its own platform, the company will also...

TALISMAN FOR SMEs

The fact that the neighbourhood retailer understands the consumer's shopping behaviour and preference better was perhaps acknowledged via the hyperlocal model. Though a platform already having begun in earnest in 2014, the 'inclusive'character of online commerce grew much larger. These...

TECHIES AND TRANSFERS

Severalhigh-profile industry luminaries left established majors to either test new waters or to pursue a dream in 2015. Simultaneously, Silicon Valley seemingly became the preferred recruiting grounds for online entrepreneurs.Sanjeev Mohanty, after serving for over a decade as Managing...

THE TALK SHOP!

With smartphone penetration outpacing PC sales, higher internet penetration, clubbed with rising demand for on-the-go convenience services, made the ubiquitous mobile a prominent retail destination for one and all in 2015. There are just under a billion cellphone connections in...

Flipkart discontinues e-book category

E-commerce major Flipkart has discontinued the sale of e-books (electronic books) on its website. Customers will no longer be able to purchase e-books on Flipkart; however, their previous purchases will remain intact. Flipkart has transferred its e-library to Kobo, the...

Voylla makes big-ticket management hires, says aggressive on expansion

Jaipur-based online jewellery retailer, Voylla.com, has announced the appointment of Tapan Roychoudhury (as Head of Offline Channels) and Prashant Sharma (as Head of Finance) to bolster its extensive expansion plans. Along with the these two key appointments, the company plans...

Parsel marks forward integration with Accord Ecom acquisition

Mumbai-based logistics services provider Parsel Technologies has reportedly acquired Accord Ecom Solutions Pvt Ltd, a third-party logistics provider, for an undisclosed amount. "Following the acquisition, Accord Ecom’s delivery assets and manpower will continue operations under the brand name Parsel," Parsel,...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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