Tag Archives: India

India’s first cashier-free store opens

Photo from: betterindia.com

(Source: Inside Retail Asia | September 18, 2018) The first automated, cashier-free store in India–Watasale, has recently opened in Kerala. The 500-sq-foot store has no staff on sales or cashier duty and customers are not required to scan products or wait in line. The store’s Artificial Intelligence allows customers to purchase from the store by scanning a QR code and shoppers ...

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India’s e-commerce market to surpass USD 100 bn by 2022: Report

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(Source: Economic Times India | September 7, 2018) India’s e-commerce market is set to grow three times to surpass USD 100 billion by 2022 and may trigger over a million jobs in the coming years, a report said. According to the report by industry body Nasscom and PwC India, the e-commerce market is worth about USD 35 billion at present. ...

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Ikea bets big on India but keeps meatballs off the menu

IKEA

(Source: Rappler | June 24, 2018) Furniture giant Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu – Swedish meatballs. Ikea, the world’s biggest furniture retailer, will next month cut the ribbon on a massive 37,000-square-meter outlet in the southern city of Hyderabad, complete with ...

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Miniso India plans to open 200 stores this year

Miniso

(Source: Inside Retail Asia | June 13, 2018) Discount chain Miniso India plans to open 200 stores by year’s end. India has become a fertile market for many international retail brands, including Gap, H&M and Zara. So far, Miniso has opened 20 stores in India. A World Bank report says India’s economy has grown by 6.7 per cent from last ...

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Walmart is buying India’s Flipkart

(Photo from: The India Express)

(Source: CNN Money  | May 9, 2018) Walmart has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77%. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world’s fastest growing economy. ...

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Amazon wants to buy Indian e-commerce company Flipkart

flipkart

(Source: Business Insider | May 3, 2018) Amazon has made an offer to purchase approximately 60% of Indian e-commerce company Flipkart, according to CNBC. The US e-commerce titan has been interested in acquiring Flipkart for awhile; it made a bid to purchase 51% to 55% of Flipkart two years ago, a source told Reuters, but the offer was rejected because ...

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India relaxes FDI rules

india mall 2

(Sources: Economic Times India, Moneycontrol | January 15, 2018) The Indian government has announced sweeping relaxations in foreign direct investment (FDI) rules in single-brand retail and other areas. Currently, only 49 percent of FDI was allowed under automatic route in singe-brand retail. Investment beyond that level required government approval. Furthermore, single-brand retailers can set off “incremental sourcing of goods from ...

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Google: Southeast Asia’s internet economy is growing faster than expected

(Source: iamwire.com)

(Source: Techcrunch | December 12, 2017) Southeast Asia is now the world’s third largest region for internet users — with more people online than the entire U.S. population — and internet is having a bigger impact on the region than originally thought, according to a new report co-authored by Google. China and India typically dominate the conversation when looking at ...

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Amazon buys into India’s Shoppers Stop

shoppersstop

(Source: Inside Retail Asia | September 25, 2017) Amazon has bought a 5 percent stake in Indian department store chain Shoppers Stop. Local analysts herald the investment as a step towards the US e-commerce giant gaining a foothold in the brick-and-mortar sector to help build online-offline alliances and build its brand. The purchase price is believed to be about Rs180 ...

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India races past China to nab top spot on global retail index

Source: livemint.com

(Source: Techwire Asia| June 7, 2017) India has overtaken China in an index ranking developing countries in terms of their attractiveness for retail investment. The Global Retail Development Index, an annual report from management consulting firm A.T. Kearney, said the ranking was based on the countries rapidly expanding economy, a major increase in consumer spending and the government’s easing of ...

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