Friday, January 24, 2020, 4:13 PM
Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway. Sources said the Flipkart group, which operates Flipkart and Myntra, is looking at a reverse acquisition of the B2B segment of Walmart and it will function as a subsidiary of the group. Flipkart is expanding its footprint in the online food and grocery segment and the acquisition of the B2B business provides strength to the supply chain.
Wednesday, January 15, 2020, 5:45 PM
A lot of people prefer shopping online as it is very convenient when compared to offline shopping. As the number of people shopping online increases, ...
Saturday, January 11, 2020, 8:58 PM
More than 20,000 offline retailers have told India’s top smartphone makers — Xiaomi and Samsung — that they will boycott the two brands if there’s no stop to deep discounting and aligning with e-commerce players. In similar but separate letters dated January 10, the All India Mobile Retailers’ Association (AIMRA) also said that if deep discounting continued online, brick-and-mortar retailers could also “simply deduct the difference and sell at online prices.” Offline mobile traders are fighting against exclusive deals between brands and e-commerce platforms such as Flipkart and Amazon and demanding simultaneous offline launch of products at the same price.
Wednesday, January 1, 2020, 5:09 PM
Things to know on fake reviews when shopping online The biggest risk of online shopping is gettin ...
Thursday, December 26, 2019, 1:59 AM
Tricks to save money while shopping online A lot of people love online shopping as its very convenient. With the help of online shopping, you can b ...
Friday, December 20, 2019, 6:30 PM
Indian men are more avid shoppers of clothing online than women, according to market research firm Nielsen’s maiden report on shoppers’ behaviour while making e-purchases. Women seem to have a higher proclivity to try out new clothes before buying. The study finds that men contribute 58% to the total online clothing sales, compared to just 36% by women. This is a trend across the top eight metros and the tier I cities, which contributed 29% and 71% of the value respectively. Kids’ clothing, which has been growing at a scorching pace over the last few years, accounted for just 5% of the apparel sales. Clothing sales are being driven by India’s young population and the ease in accessing brands.
Monday, December 16, 2019, 6:08 PM
The government is thinking of regulating products and services sold on social networks such as Facebook, Instagram, Pinterest and WhatsApp under the upcoming rules to protect consumers who transact on ecommerce portals. The move comes amid increasing complaints, both on the National Consumer Helpline and other portals that track consumer grievances, about products sold on marketplaces attached to social networks, according to officials and people aware of the development. The Ministry of Consumer Affairs, which is chalking up rules for consumer protection on ecommerce websites and apps, is thinking of including social networks under its ambit as the popularity of Facebook Marketplace, Instagram’s Shoppable Posts and WhatsApp Business is growing in India.
Thursday, December 5, 2019, 5:53 PM
With the advent of technology; everything is done online. Be it paying utility bills, buying clothes ...
Tuesday, December 3, 2019, 4:52 PM
Fashion e-commerce company, Myntra has launched ‘Alterations’, a new value-added service for its customers which will enable shoppers to opt for alteration services at their doorstep for apparel purchased on Myntra, the company said in a statement. The company has partnered with tailors for providing this service, enabling them to earn an additional income and grow their business. The feature is being rolled out ahead of Myntra’s End of Reason of Sale in December to make online shopping more convenient for its customers and attracting a cohort of offline-only customers to try online shopping. Customers will be able to opt for an alteration service once the product is delivered. The tailors will pick up the product from the customer’s residence after taking necessary measurements and deliver them to the customer, within 24 hours to 48 hours. The alteration service is being offered at no extra cost to customers.
Friday, October 25, 2019, 10:43 AM
Visa cardholders will soon be able to complete payments on select e-commerce sites without having to wait for a one-time password (OTP). The payments company will activate ‘Visa Safe Click’ (VSC) across leading online merchants for transactions below Rs 2,000 in value. VSC is a lightweight, secure software plug-in for mobile app-based e-commerce merchants. For transactions up to Rs 2,000, shoppers don’t need an OTP as the solution uses cryptographic validation along with Visa’s global risk engine to authenticate each transaction. The RBI had relaxed norms for transactions below Rs 2,000 in 2016, allowing the payment networks to do the second factor authentication without using OTP. VSC is designed as a frictionless payment solution for e-commerce, which is built exclusively for the Indian market.