Tag Archives: E-commerce

India gears up for Great Online Shopping Festival

Tomorrow is indeed a day to remember, not just because its 11.12.13, but also a day to splurge online as Google announces the launch of Great Online Shopping Festival (gosf.in). The festival will go on from 11.12.13 to 13.12.13.

This year the 72 hour shopping festival has gone bigger has the categories participating includes eading eCommerce players, local & classified companies, online travel sites, auto companies, telecom companies, fashion labels, health and well being companies, to banking financial Services. Consumers can avail great discounts and deals.

The initiative was launched by Google last year to boost the adoption of online shopping in India and saw tremendous response with most players seeing over 350 percent growth in daily sales. The festival saw participation from all over India with 50 percent buyers making a online purchase for the first time. Speaking about the momentum of online shopping in India, Rajan Anandan, VP & Managing Director, Google India said, “Great Online shopping festival is India’s version of cyber monday in the west and is an exciting platform to raise awareness and consumer adoption of online shopping in India. With over 200 million Internet users in the country, more and more Internet users are opting to shop online and fueling the growth of both large multinational and homegrown companies. Industry estimates suggests that there are close to 20 million online shoppers in India and its estimated to grow to 50 million in next few years making it a 16 billion dollar industry.”

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Buyers can look forward to exciting deals across categories. Great Online shopping festival promises to offer something for everyone with great discounts on footwear, imported cars, property deals, holiday packages, insurance, spa packages, event tickets, grocery coupons, books, jewellery etc. Buyers can find discounts ranging from 20% up to 80% in many categories. Upto 60% off on luxury watches, 20% off on air tickets on domestic routes, upto 50 % off on speakers, headphones and men’s accessories, upto 80% off on home decor, flat 40% off on furniture, upto 50% off on TVs, upto 40% on mobile phones, upto 45% computers and tablets, upto 30% on cameras, 40% off on mens footwear and many more.

 

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Amazon launches ‘One Day Delivery’ service; pilots COD

The ecommerce marketplace, Amazon India, has launched its pilot project for Cash on Delivery service driven by India Post. The service is being tried along with reverse logistics.

COD will only be practiced on products that are being ‘Fulfilled by Amazon’. The customer can see the tag of ‘Fulfilled by Amazon’ on the product and “Eligible for Cash on Delivery” on the product details page. COD is currently being offered with no extra charges but going further a convenience fee of Rs 39 will be charged.

The marketplace has also launched ‘One Day Delivery’ service. The service is limited to selected pin codes and cities including Bangalore, Mumbai, New Delhi, Ahmedabad, Hyderabad and Pune. So customers in the selected pincodes can choose for the service at the time of check-out. To avail the service, you have to pay Rs 99.

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‘Best price’ takes an ugly turn; retailers accuse e-retailers of predatory pricing

The obvious price war has come in to action between brick and mortar retailers and e-retailers, which otherwise has been discussed but never complained of.

It’s no new that we all look for best deals online for a product which we might have liked over the shelf before we actually buy it. This consumer behaviour has affected the sales of many brick and mortar retailers across the country.

Not taking anymore, these retailers, mostly from Bangalore, have collectively written to CCI (Competition Commission of India) complaining against e-retailers including Flipkart and Snapdeal which run a marketplace, thus offering some best price. They have complained of online counterparts selling goods below cost and skirting Indian laws on foreign direct investment in retail. The letter has also questioned the legality of operations of some foriegn funded online retailers.

There are more than 1000 retailers who are now fighting their right to survive and grow.

Reliance Retail plans e-retail foray

If we get what the little birdy says, India will soon have its very own Amazon or eBay, as Reliance Retail aims to foray in to e-commerce within six to eight months of time.  The e-retail business is likely to be based on marketplace model.

In the recent quarterly results, the retailer had cleared that it will be adopting multi channels to retail. Ofcourse, e-retail becomes one of the multi channels. Continue reading Reliance Retail plans e-retail foray

Dealstan – A new coupon shopping portal launches

Coupons and deals are becoming an inevitable part of the retail industry as every consumer looks fro a special deal to save on every time they shop, eat or avail services. To capture this market, Poppadam Webs LLP launches Dealstan, a coupon shopping site.

Dealstan not only displays variety of coupons for the online stores they collaborate with, but also provide deals that the online stores already have which go amiss among a huge number of products. You can get deals ranging from flight tickets to pizzas.

What’s interesting is that the website allows a to and fro model wherein consumers along with buying deals and coupons, can also suggest the website any deals or coupons which have not been listed.

Amazon launches shopping app for Android users in India

Amazon has been growing leaps and bounds since its India entry. After expanding its product portfolio, the marketplace, now launches android shopping app in the country.

The Amazon App for Android offers a convenient, fast and secure way for customers to search, browse, compare offers, read reviews and make purchases quickly and easily, anywhere. Customers can shop the full selection of products available on the site including books, movies, mobiles, electronics, toys, baby, personal care appliances, health care devices, watches, fashion jewelry, home & kitchen products and more. Using this app customers can now scan a barcode or type a product name to instantly check availability and prices for that item on Amazon.in.

 

Flippin’ again: Flipkart soon to raise $125 million

Its been only three months that Flipkart made news by raising $200 million, the largest amount in the Indian e-commerce segment so far. And now one of India’s largest marketplace is in talks to further raise $125 million from its existing investors,  Tiger Global Management Llc, Accel Partners, Iconiq Capital, and MIH.

The investment is being driven for Flipkart Holdings Singapore, an entity created early this year in order to comply with the Indian laws of FDI in e-commerce.

What’s exciting is that when the company had sold its front end operations to WS Retail India in February this year, it was speculated that this was the end of the one of the old e-commerce players on the Indian retail circuit. But with raising one of the largest investments three months back, Flipkart, quietly back-flipped and made a grand re-entry into the market. “Now who’s your daddy!” moment!

 

Lacoste aims double store count in next 4 years

The affordable luxury brand, Lacoste, plans to expand its retail presence across India. The aim is to double the current store count in next four year.

Presently, the brand operates through 41 point of sales. Of this 41, 29 are exclusive boutiques while the rest are shop in shops at leading retail stores including Shoppers Stop and Lifestyle.

The brand which expects 25-35 per cent y-on-y growth, also aims to double its revenues in next three years.

With FDI and international brands announcing their entry in to the Indian market, the existing domestic and international brands are now pumping up their product range and retail presence in order to keep their customers intact. But, in my opinion, the stronger competition lies in the e-commerce arena which is giving a chance to other smaller brands that claim to offer equally qualitative and innovative products. The question lies that going further will the Indian consumer move beyond brand aspiration and loyalty? Will brand name take a backseat?

Amazon.in expands product category portfolio

Amazon.in is expanding its reach to the consumers strongly as within a weeks time it ads four new product categories to its portfolio. The categories include fashion, lifestyle, home and kitchen.

The new addition takes the number of products available to 27,500 and brands to 180.

While with fashion and lifestyle, the marketplace brings two new stores: fashion jewellery and watches. Under home and kitchen category, the products available will include small appliances, kitchenware, dining, home furnishings, home décor, home organization and more.

For the home and kitchen, the brands that Amazon has tied up with brands which includes Wonderchef, OneTouch, MOM Italy, Unravel India, Prime etc. While for jewellery they are a lot of boutique designers including Isharya; ‘Valliyan’ by Nitya Arora, Bansri, ‘Maya’ b y Rosalind Pereira;  ‘Made by M’, to name a few; the watches are from some leading brands including Casio, Timex, Titan, Fastrack, Fossil, Esprit, Tommy Hilfiger, Sonata, Citizen, Disney, Diesel, DKNY, Guess and more.

Hidesign experiences 215% growth in e-commerce

Hidesign, the luxury leather handbags and accessories brand, has seen nearly 215 per cent growth in its e-commerce business in the first half of 2013-14 in comparison to last year. The growth is due largely from the opening of new accounts, and is expected to maintain this rate into next year as Hidesign continues to open new accounts. Continue reading Hidesign experiences 215% growth in e-commerce