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"Technology has changed the way people buy products online and thanks to AI, the number of queries we receive have increased to 30-40 per day from just 10 in a week," says Krishna, founder of Keva Ayurveda.
The technology has optimized inventory management, distribution routes and allocations, as well as replenishment systems
Flying Machine attains 23 times rise in GMV by deploying Rubicon technology.
Endless aisle is an innovative technology which is helping the retailers in improving store conversion which results in improved revenue.
Observing the success of WHSmith retail chain across airport locations in the country Future Group is also keen on tapping the airport retail sale in the country.
Besides clothing HRX also has a signature workout called the HRX Workout and a meal plan called HRX Athlete Meal pack sold under the Curefit umbrella.
The company is also looking to grow its footprint in tier II cities.
While Myntra has seen big success online, Narayanan maintained that there has been overwhelming response to its offline stores and it had witnessed increase in sales from the localities around the Roadster store.
The increasing purchasing power of male shoppers has spawned a new class of consumers who don't shop for utilitarian but stylistic functions.
The fitness industry in India is largely unorganised and lacks a definite structure to differentiate between diverse product and service segments.
With the digital transformation picking up pace, the most critical entity for any retail business, i.e. consumers, have also undergone a makeover and emerged as a digitally-empowered creed.
India is in the third position just behind US and UK with 20, 000 start-ups and 5200 plus technology led start-ups
When was the last time you marked your calendar waiting for an online delivery or even stayed back home just because a parcel was expected? If you fail to recall, you are not alone.
Particularly in India, since past few years, the refurbished phone market has been flourishing due to the factors like affordability and shorter upgrade cycle of such phones.
So what do customers value the most in a brand- is it price, quality, innovation or uniqueness?