Retail news :
- Myntra, Jabong to reduce discounts in a bid to check mounting losses and to steer towards profitability
- Ecommerce majors Amazon, Flipkart together rented about 3.6 million square feet warehouse space in 2015
- Paytm plans to triple gross merchandise value to $10 billion by December’16
- In U-turn, Centre may allow FDI in multi-brand retail
- Founders of Paytm, Zomato sign petition urging PM Modi to ensure net neutrality
- Flipkart to launch an exchange programme, starting with smartphones and television sets
- Snapdeal to add new features like product selfies, enhanced order-tracking to improve user experience
- GreenDust launches its mobile website
- Flipkart partners with Udacity to hire graduates based on Nanodegree projects
- Being Human Clothing to enter activewear category
- Patanjali eats into Colgate’s toothpaste market share
- Gurgaon-based startup Pluss ties up with Baba Ramdevs Patanjali Ayurved
- Walmart launches entrepreneurship prog for women businesses
- Global cos testing Indian mkt through online route
- Companies go extra mile to indulge kids with wearable gadgets, digital books
- 5G Mobile Networks are here! Stockholm World’s First City to Experience It
“RETAIL IS A CUSTOMER BUSINESS. YOU’RE TRYING TO TAKE CARE OF THE CUSTOMER—SOLVE SOMETHING FOR THE CUSTOMER. AND THERE’S NO WAY TO LEARN THAT IN THE CLASSROOM OR IN THE CORNER OFFICE…”
– ERIK NORDSTROM, PRESIDENT, NORDSTROM DIRECT
