Offline sales dominate in India’s retail industry: Report
1 year, 2 months ago

Offline sales dominate in India’s retail industry: Report

Live Mint  

Despite the proliferation of online marketplaces, offline sales have continued to dominate the Indian retail ecosystem, a report claimed. The retailers selling FMCG & retail, food & beverages, and consumer durables & electronic products attract more offline shoppers as per the report. 'RETAILERS ENCOURAGING IN-STORE PURCHASES' To keep themselves abreast with times, MSME retailers are opting for several methods to encourage sales of their physical stores such as offering discounts and offers, providing doorstep delivery, and using instant messaging apps to connect with customers. 'SHOPPERS PREFER OFFLINE SHOPPING' Only 10% of Indian shoppers are shopping exclusively on online selling platforms.

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History of this topic

UPI transactions up by 33 pc at retail stores in semi-urban, rural areas
3 weeks, 1 day ago

UPI transactions up by 33 pc at retail stores in semi-urban, rural areas

Deccan Chronicle  

New Delhi: UPI transactions at retail stores have increased by 33 per cent in semi-urban and rural areas this year, reflecting the growing adoption of digital payments. Moreover, insurance policy purchases and premium collections also witnessed a 127 per cent jump in transaction volume and a 96 per cent growth in new customer adoption during the year, according to a …

Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report
1 month, 2 weeks ago

Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report

Live Mint  

New Delhi, December 2 : In an era where online retailers dominate the market, brick-and-mortar electronic retailers in India continue to report healthy profitability, says a report by Nuvama. The report highlighted that despite fierce competition, the traditional retail model showed resilience due to their disciplined operations and strong support from original equipment manufacturers. It said "In the consumer durables …

Mint Primer: Why developers are shopping for offline retail
7 months ago

Mint Primer: Why developers are shopping for offline retail

Live Mint  

We all love shopping online. The new addition of space will happen through 88 new retail developments, including shopping malls and large, integrated retail-led projects, according to estimates by JLL India. Delhi-National Capital Region, which has the highest operational retail space, is expected to grab the largest share of new supply in the next five years. As per property advisory …

How online shopping is saving the bricks-and-mortar store
8 months, 1 week ago

How online shopping is saving the bricks-and-mortar store

Live Mint  

Store owners once viewed e-commerce as a mounting threat to their survival. Kohl’s now fulfills more than a third of its online orders in stores, Walmart more than half, and Target nearly all its sales from its network of roughly 2,000 locations, according to the companies. The pandemic sped up the integration of online and in-store shopping, as mandated closures …

UPI Supremacy In Retail Sales: 70% MSMEs Believe UPI Drives More Sales For Them
1 year, 7 months ago

UPI Supremacy In Retail Sales: 70% MSMEs Believe UPI Drives More Sales For Them

News 18  

70% of Ministry of Micro, Small & Medium Enterprises believe more than half of their retail sales will be via UPI, found NeoInsights study titled ‘Decoding Digital Payments: A Retailer Perspective’, recently released by NeoGrowth, an MSME-focused digital lender in India. The study covered the digital payments adoption behaviour of Indian retailers across 25+ cities and 70+ industry segments. UPI …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

Indians are shopping online more than ever before
2 years, 6 months ago

Indians are shopping online more than ever before

Live Mint  

Online retail spending in India is expected to grow nearly sixfold to $300 billion by 2030, with expansion in the number of digitally-influenced shoppers and online shoppers, a Boston Consulting Group report said on Wednesday. According to the report, the number of digitally influenced shoppers has grown rapidly in recent years, reaching 280 million from 260 million and online shoppers …

India to have 500 million online shoppers by 2030, says study
3 years, 4 months ago

India to have 500 million online shoppers by 2030, says study

Live Mint  

NEW DELHI: India's Internet user base is expected to touch 900 million by 2025, up from 622 million now, which will lead to multifold growth in online shopping, as per a joint report by MMA India and media agency GroupM released on Tuesday. The online retail market is set to expand three fold over the next four to five years, …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 5 months ago

Digitising Indian retail: Looking at challenges and exploring growth models

Hindustan Times  

According to the United Nations Conference on Trade and Development’s B2C E-commerce Index 2019, India ranks 73 out of 152 countries on its readiness to support online shopping.1 India leads among South Asian countries, while Asian states like Iran, China, Kazakhstan, Azerbaijan, Vietnam and Tunisia fare better than it on the index. Nevertheless, India’s domestic e-commerce market is expected to …

How Covid-19, Increased Internet Usage Pushed More Startups to Go Public in India
3 years, 10 months ago

How Covid-19, Increased Internet Usage Pushed More Startups to Go Public in India

News 18  

Over the last 10 years, the internet usage in India has grown at a compound annual growth rate of 30 per cent, resulting in 13 times growth of the sector and preparing notable startups in the areas of e-tailing, online grocery and others to launch their IPOs in the near future, a new report showed on Monday. The rapid growth …

India should focus on job creation for balanced growth
3 years, 10 months ago

India should focus on job creation for balanced growth

Live Mint  

Budget 2021-22 was a balanced one, given the difficult circumstances the country faced. India’s unemployment rate rose to 9% in December, by data from the Centre for Monitoring Indian Economy, with around 9 million losing their jobs between September and that month. Additionally, urban job initiatives along the lines of the rural employment scheme could serve well in tackling rising …

Retailers reach out to shoppers directly amid shift in habits
4 years, 5 months ago

Retailers reach out to shoppers directly amid shift in habits

Live Mint  

Companies are trying out new strategies, including launching their own e-commerce sites, taking orders via WhatsApp calls and organizing swift home-deliveries as they seek to cope with a world that has been transformed by the coronavirus pandemic. “Online is seeing a big surge right now because of the current environment,” said Sundeep Chugh, chief executive officer, Benetton India. Online has …

Big brands try to reach out to shoppers directly
4 years, 5 months ago

Big brands try to reach out to shoppers directly

Hindustan Times  

Companies are trying out new strategies, including launching their own e-commerce sites, taking orders via WhatsApp calls and organising swift home-deliveries as they seek to cope with a world that has been transformed by the coronavirus pandemic. “Online is seeing a big surge right now because of the current environment,” said Sundeep Chugh, chief executive officer, Benetton India. Online has …

Online sales explode but markets for holidays and high fashion collapse
4 years, 8 months ago

Online sales explode but markets for holidays and high fashion collapse

Dutch News  

Online shopping has exploded since the corona crisis but shops selling holidays and luxury goods have seen a huge drop in revenue, new figures show. ‘Before coronavirus many online shops saw growth of 16% to 18%, now it’s 60% to 70%,’ Wijnand Jongen, director of Thuiswinkel.org, told broadcaster NOS. ‘Some online shops can’t source the stuff quickly enough,’ Jongen said. …

Covid-19: Pandemic forcing smaller retailers to adopt O2O, social commerce
4 years, 8 months ago

Covid-19: Pandemic forcing smaller retailers to adopt O2O, social commerce

Live Mint  

With the pandemic making it difficult to move products on the offline market, retailers around the country are considering a move to offline-to-online or social commerce platforms. Jasmeet Thind, co-founder of CoutLoot, an O20 and social commerce platform, said his business has seen 3,500 businesses come onboard per day over the past two months. But we have seen quite a …

Respect Govt’s Decision on Sale of Non-Essential Goods: Flipkart
4 years, 8 months ago

Respect Govt’s Decision on Sale of Non-Essential Goods: Flipkart

The Quint  

Industry body Nasscom, as well as players like ShopClues and Paytm Mall have urged the government to expand the list of essential items to include products like laptops and routers to facilitate people working from home. This is especially true for products like apparel, footwear, small electronic items and household goods including utensils, etc," IAMAI said. "Preservation of consumer demand …

Retail sector cannot grow with protectionism, says BS Nagesh; asks offline retailers to use Internet to widen reach
5 years, 3 months ago

Retail sector cannot grow with protectionism, says BS Nagesh; asks offline retailers to use Internet to widen reach

Firstpost  

There is access to 120 million consumers and reach across the country, which offline retailers must use, BS Nagesh said The call for banning or asking for action against online e-commerce firms is not going to work but instead, the offline retailers must realise the huge golden opportunity that online retail offers and get on to it, said BS Nagesh, …

Apple will soon start selling products through its own online store in India
5 years, 4 months ago

Apple will soon start selling products through its own online store in India

Firstpost  

Thanks to the central government further liberalising Foreign Direct Investment rules, Apple is poised to start its first online sales in the country. This will allow Apple to start selling a range of products in India through its own online store. Apple has been working on opening its own stores in India for a few years now, however, it could …

Opinion | An e-commerce blueprint for India’s ‘Next Half Billion’
5 years, 4 months ago

Opinion | An e-commerce blueprint for India’s ‘Next Half Billion’

Live Mint  

By 2022, half a billion Indians are expected to come online through their mobile phones, a population we refer to as India’s Next Half Billion. Inadequate Indian language content for e-commerce is another barrier, though vernacular platforms and videos have recently emerged as the dominant mode of content consumption. To achieve this, e-commerce 2.0 players will leverage social communities and …

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant
5 years, 10 months ago

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant

Firstpost  

Kant noted that driven by the growth in India’s retail market, the country’s GDP will also witness an increase and result in more job opportunities New Delhi: E-commerce has revolutionised the retail sector in India and will play a major role in the country’s growth story going forward, Niti Aayog CEO Amitabh Kant said Tuesday. He further noted that driven …

E-commerce to play major role in India growth story: Amitabh Kant
5 years, 10 months ago

E-commerce to play major role in India growth story: Amitabh Kant

Live Mint  

E-commerce has revolutionised the retail sector in India and will play a major role in the country's growth story going forward, Niti Aayog CEO Amitabh Kant said on Tuesday. "E-commerce market has brought a revolution in India's retail sector and nobody can stop it now," he said at an event here. According to Kant, India is currently growing at over …

Offline retailers say sales pressure may ease due to new E-commerce FDI norms
5 years, 10 months ago

Offline retailers say sales pressure may ease due to new E-commerce FDI norms

Live Mint  

New Delhi: India’s new foreign direct investment guidelines for e-commerce companies could bring respite to brick-and-mortar stores that have, over the years, struggled to keep up with steep discounting and promotions offered by internet retailers. The new norms for FDI in e-commerce could help keep deep discounting in check for now, and even help reduce sales period that have over …

India’s e-commerce curbs could hit online sales by $46 billion by 2022: Study
5 years, 11 months ago

India’s e-commerce curbs could hit online sales by $46 billion by 2022: Study

Live Mint  

New Delhi: India’s new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters. “After one of the biggest foreign investments by Walmart, the government has again blindsided foreign investors,” said Pratibha …

Targeting foreigners in India's e-comm market
6 years ago

Targeting foreigners in India's e-comm market

Deccan Chronicle  

India’s elites - the top 0.1 per cent of families, who only shop overseas and have grown fatter the fastest - have a visceral fear of buyouts. In the post-2008 global economic downturn, there was interest among Western retail chains to invest in rapidly-growing India, and 100 per cent FDI in B2B, or wholesale trade, met no opposition. For foreign …

India’s festering problem with Big Retail
6 years ago

India’s festering problem with Big Retail

Hindustan Times  

India’s uncomfortable relationship with Big Retail, which is foreign, online, or both, continues, with the government preventing online retailers from selling products of companies in which they have stakes and also barring them from entering into exclusive arrangements for merchandise. India doesn’t have any rules against Indian Big Retail, only foreign. And it clearly has a problem with foreign online …

Black Friday Sale, Cyber Monday Sale: Amazon selling over 120 million 'Made in India' products worldwide
6 years, 1 month ago

Black Friday Sale, Cyber Monday Sale: Amazon selling over 120 million 'Made in India' products worldwide

India TV News  

Amazon India has teamed up with over 37,000 Indian exporters to sell more than 120 million 'Made in India' products as part of the Black Friday Sale and Cyber Monday Sale. Customers will be able to avail exclusive deals on 'Made in India' products from across categories such as electronics, accessories, home decor, cookware, clothing during the Black Friday Sale. …

Black Friday, Cyber Monday sale: Amazon selling 120 million ‘Made in India’ products worldwide
6 years, 1 month ago

Black Friday, Cyber Monday sale: Amazon selling 120 million ‘Made in India’ products worldwide

Live Mint  

New Delhi: This year’s Black Friday sale and Cyber Monday sale in the United States and other parts of the world will have a desi touch as e-commerce giant Amazon has teamed up with over 37,000 Indian exporters to sell more than 120 million ‘Made in India’ products. In a statement, Amazon said customers shopping on Amazon can avail exclusive …

What Amazon-More deal means for offline retail in India
6 years, 3 months ago

What Amazon-More deal means for offline retail in India

Live Mint  

New Delhi: Amazon has been making inroads into India’s offline space since last year, much like in the US, through partnerships and acquisitions of well-known consumer brands and start-ups. Amazon, along with private equity firm Samara Capital, has agreed to buy Aditya Birla Group’s food and grocery retail chain, More, which runs 523 supermarkets and 20 hypermarkets. Its private label …

E-commerce in India: Over 50 million consumers stopped shopping online after their first purchase, says study
6 years, 4 months ago

E-commerce in India: Over 50 million consumers stopped shopping online after their first purchase, says study

Firstpost  

A language barrier reportedly discourages many online shoppers, as most e-commerce platforms are in English, and at times in Hindi. Even though India has logged rapid e-commerce growth, the picture isn’t all that rosy for the big players as over 50 million consumers stopped shopping online, in the last 12 months, after making their first purchase, a media report said, …

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