Superdry India takes this new step to cater more efficiently to its customers across the country. The website will sell the entire collection that is available across Superdry retail stores in India.
The 11.11 shopping festival began in 2009 with participation from just 27 merchants as an event for merchants and consumers to raise awareness about the value of online shopping.
The Company generated consolidated Cash Flow from Operations of Rs. 42 Crore leading to Cash and Investments of Rs. 780 Crore as on Sept 30, 2019 as compared to 503 Crore on Sept 30, 2018, an increase of 55% YoY.
This partnership marks a key milestone in the sustainability journey of LENZING ECOVERO as the eco-viscose fiber's forays into one of India's leading fashion houses.
Though, Diwali is an equally popular event for online as well as offline retailers to churn profits via sales but this time there is a strong traction for online channel.
As per revised FDI norms, government has allowed single brand foreign retailers to open online store first, also there are massive relaxation in the sourcing norms. And more..
E-retailers follows O2O model to cut down on logistics cost. Encouraged local retailers for sourcing and delivery, hence cutting warehouse requirements of the company. Targets Rs. 17,000 crores by the end of FY '20
Interaction and communication-based shopping is emerging as trend to look forward. As per the industry data, online resellers space has been projected to grow to $48 Bn-$60 Bn by 2022 driving the wave of social commerce.
Department of Industrial Policy and Promotion (DIPP) regulation, as of now India only permits single brand retailing where different products can be sold under one brand name.
As per reports, the customer posted a picture of this vegetable biriyani plate with caterpillar on Twitter and filed a complaint in Greater Hyderabad Municipal Corporation (GHMC), who fined the store for Rs 11,500.
So far Walmart India has retrofitted the lighting systems in all its stores with LED lights. This has reduced the stores' electricity demand by 15-20 percent, Walmart India said.