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Organised retail penetration expected to reach 10% 2020 against current 7%
Nike is the first major brand to enter this market.
Retail, from luxury to e-commerce, is an extremely price sensitive business. Logistics, when utilised smartly, can prove to be a key factor impacting profits.
Any asset-light model is simply a business model whereby the company has relatively few capital assets compared to its operations.
Current mall inventory across 8 cities is 232 malls, spread across 81.26 msf. There is a 16% increase compared to last 3 years.
Blockchain technology will also guarantee a more transparent supply chain with consumers having access to all the information to determine whether a product meets their standards.
From following a fitness model on whatsapp and a meal chart on app to calorie count on a smart watch, millennials do everything to ensure that they are fit.
A Blockchain is a distributed database that maintains an ever-growing list of records called blocks.
Global retailers such as Lush, Apple, Ernster amongst others focusing on customer first approach not only to win laurels but also to improve business.
Bandhan Jewels is a multi-brand jewelry retail chain that carries the concept of a combination of generic and branded jewellery in a retail chain.
However, it's the restaurant and cafe chains many retailers are turning to, in order to expand their brand presence and find new customer base.