GST has made selling items pan India a lot easier and transparent than it was earlier. In the past, selling in different states meant maintaining different compliance and rates for each one of them.
From customization to dialogue and participation, having customers deeply involved in product development will influence the way customers show brand loyalty, writes Shwetha Satyanarayan.
Digital transformation is not simply about technology. It requires business leaders to re-envision existing business models and embrace a different way of bringing together people.
Real-time data has a big role to play in engaging with consumers, as it enables organisations to understand their customers' behaviours and attitudes towards their services.
Paytm plans to eliminate 'merchant fees' for all wallet transactions that happen in the offline world. This will be done to encourage cashless transactions in the offline marker.
One of the well known online retail brand, Amazon, which was engaged in testing a service to allow merchants to sell used goods on its subsidiary Junglee.com, is all set to launch the service in a few weeks.
With co-founder Binny Bansal taking over as CEO from Sachin Bansal and due to Amazon gaining mind share because of its advances on the web in India,Flipkart is once again emphasizing on the web, and the desktop.
Fabindia Overseas, the largest retail apparel brand in the country has achieved more than Rs 1,000-crore sales, significantly ahead of nearest rivals Zara and Levi's India.
Going by the famous adage-'Knowing is not enough, we must apply; willing is not enough, we must do", by Bruce Lee, the following rules will inspire you to act smart when you want to be successful in ethnic retailing in India.
For about 20 per cent of businesses, the initial roadblocks are of relatively simple pursuits - after the first 4 years, they find the silver lining to sustain.