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Myntra CEO & CFO quit

The new hierarchy as announced by majority owner Walmart Narayanan was made to report Flipkart CEO Kalyan Krishnamurthy

November 16, 2018  |  comments ( 0 )  | 

Levi Strauss plans to launch IPO

The company plans to raise about $600 million to $800 million via IPO and may go to public in the first quarter of 2019.

November 15, 2018  |  comments ( 0 )  | 

Ecommerce to contribute 11% of FMCG sales by 2030: Nielsen

Presently e-commerce accounts for 1.3% of the total FMCG sales and it is gaining traction very fast.

November 15, 2018  |  comments ( 0 )  | 

Perpule Raises $4.7 million in Series A to Fuel Omni-Channel Retail & Consumer Commerce in India

Perpule has raised $4.7 million in Series A led by Prime Venture Partners.

November 14, 2018  |  comments ( 0 )  | 

LG Electronics aims higher sales from premium category

Premium segment constitutes 30 per cent of LG's global sales, including in India

October 24, 2018  |  comments ( 0 )  | 

Retail sector set to reach USD 1750 bn. by 2026: FICCI-Deloitte report

E-commerce is expected to grow at a CAGR of over 30% during 2016-21

October 10, 2018  |  comments ( 0 )  | 

Walmart hires expats for senior roles in Flipkart

Four senior leaders from the US retail giant have been appointed at the Flipkart Group level.

September 19, 2018  |  comments ( 0 )  | 

GST refund adversely effects Small biz exports

As per the data reveal by RBI micro, small and medium enterprises witnessed slump in credit even before demonetization and GST has not improved the situation.

August 18, 2018  |  comments ( 0 )  | 

Sachin Tendulkar eyes world market for its JV brand True Blue

The menswear label, which blends Indian authentic cloth making and dyeing techniques into western wear, was launched in 2016 and is currently sold through nearly 75

August 02, 2018  |  comments ( 0 )  | 

Indian consumer sentiment reaches a record high in July: Report

The Union Finance Minister chaired GST Council, last week cut tax rates on white goods as well as various handicrafts items and paints.

August 01, 2018  |  comments ( 0 )  | 

Shoppers Stop betting big on omni-channel strategy

The company said it believes that more consumers across the country will discover Shoppers Stop through its digital shopping channels.

July 16, 2018  |  comments ( 0 )  | 

Indias retail sales will cross $1,244.58 billion by 2018: ASSOCHAM-Resurgent study

The year 2018 will see large scale growth in the Indian e-commerce sector with increased participation from people across the country.

July 13, 2018  |  comments ( 0 )  | 

Zomato ropes in Mohit Gupta as CEO for its food delivery biz

Food delivery has been one of the most crucial areas of growth for Zomato with the vertical contributing about 30% of the overall revenues as of FY18.

July 04, 2018  |  comments ( 0 )  | 

Flipkart to consolidate GMV to $17.6 billion by 2020-21

The company would be betting big on certain categories including mobile, large appliances, fashion and recently included grocery to achieve the projection.

July 03, 2018  |  comments ( 0 )  | 

LG names fourth-generation heir Koo Kwang-mo as new CEO

LG Group, which holds various globally-known affiliates under its wing, including LG Electronics and LG Chem, is considered South Korea's fourth-biggest business group.

June 30, 2018  |  comments ( 0 )  |