Journey of eCommerce, which is already experiencing a tough rollercoaster, seems to get tougher now. After various shocks regarding the downfall of the industry, here is yet another massive quake that will add to the miseries.
As the government clarified that foreign direct investment (FDI) is not allowed in inventory-based eCommerce, Future Group CEO Kishore Biyani pointed out to one of the country's leading online grocers, Bigbasket.
British well known fashion brand Topshop might open outlets in India in a bid to tap the country's growing desire for global fashion labels, as demonstrated by the huge success of rivals such as Spain's Zara and Sweden's H&M.
Despite heavy losses, 2015 moved upward in terms of sales revenue and customer acquisition in both the formats of retail. But it's high time for the retail landscape to tighten the shackles as a company can't run unprofitably for long.
India is no doubt a price sensitive market with a belief that 'the more you discount the more we buy'. But from a business standpoint, a company can't run unprofitably for long. One has to earn profit to be sustainable.
Jabong is all set to come up with its most anticipated 'Happy New You' campaign starting from January 8 with a minimum of 40 percent discount on more than 2 lakh products and upto 60 percent discount of international brands.
Continued with lowdown of performance, Jabong has become the black sheep among Rocket Internet's Global Fashion Group (GFG) portfolio of 10 odd companies, which together reported revenues of $901.61 million in H12015.