While most of the eCommerce retailers were juggling with the insecurities of consumers, there was a venture - Indianroots, creating milestones and churning profit even with the restriction of pre-payments only.
Retail in India is evolving by the day. The growing affluence of young population, their changing lifestyles and the spending habits and attitudes, and the constant aggression and innovation shown by retailers to reach the B and C cities...
Malls adore brands that attract footfalls. India's customer is picky, choosy, moody, but it is also wise, instinctive, selective, and develops a strong liking or disliking towardsa certain brand instantaneously.
Gravitas Financial Inc, a firm very well known for investment and banking worldwide has planned a major investment in India. The investment will be of 50mn Canadian dollars or about 250cr in Indian currency.
Growing by leaps and bounds, the fashion business in India through online portals is expected to see a turnover of USD 35 billion by 2020, said Google Director for eCommerce and Online Nitin Bawankule.
Leading fashion retail chain, Pantaloons Fashion & Retail Ltd is all geared up to invest Rs 150 crore to expand its base by adding up 20 outlets this fiscal. With a motive to take the number of stores to 100.