From the Editor's Desk One category of brick-and-mortar retail chain that is flourishing despite today's online era is the off-price chain selling high-end brands. The largest of these in the US, TJMaxx and Ross, both sell brands like Michael Kors and other designer labels for 30% to 70% off. The business model works on buying excess inventory/previous season merchandise at discounts from the brands. The customer expectation is that of a 'treasure hunt', an experience tough to generate online. Also, this allows these stores to be no-frills and thinly staffed, helping with store margins. For high-end brands, this is an effective channel to supplement revenue from inventory that would otherwise have to be written off. There have been failures with this model too, like Filene's Basement in the US and The Loot (in India), which started off with a similar model. However, it's something worth considering for brick and mortar chains struggling to fight the ecommerce wave - Comment
Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money!
Indian IT spend to touch Rs 1.91 lakh crore in 2016 The report is based on inputs from 107 CIOs/ IT heads of large and medium-sized Indian enterprises regarding their business priorities and IT plans for this year.
The resurgence of Bombay Gas Bombay Gas is using its pipeline network that can offer seamless connectivity and broadband coverage to customers of telecom companies
Mass layoffs keep IIT-Madras students away from startups State-run Coal India, auto-major Mahindra and Mahindra and German luxury car maker Mercedes Benz today made top offers at the ongoing placement session of Indian Institute of Technology, Madras (IIT-M) here.
India 2015: Ecommerce startups poach talent from Silicon Valley, each other January 10, 2016: 2015 will be remembered as a year where number of people refused job from bigger companies and joined startups. E-commerce firms like Flipkart, Snapdeal and other startups like cab hailing app Ola, roped in lots of talent throughout the year be it from Silicon Valley or from other... Read more »
Congress top brass solely to blame for GST delay, says Jaitley Finance minister Arun Jaitley has singularly blamed the Congress top leadership for stalling the Goods and Services Tax (GST) Bill in Parliament, alleging that a majority of the party’s second-rung leaders support the legislation.
Panaji Smarty City project gets Goa cabinet nod Deputy chief minister and state urban development minister Francis D'Souza said after 100 cities, the selection would be zeroed down to 20 cities whic..
'Netflix India Expansion is Evolutionary' : Report Netflix's global expansion is driven by three forces, he said. First, Netflix needs to convince investors that it can keep growing. With the broadband market size outside the US about six times the size of the US market, any significant growth in the future will come from large international markets such as India. ..
Reimagining retail in India : Report A recent survey on e-commerce in India by Dyn found that over 52 percent of the respondents feel that online buying experience is better than in-store purc
For now, Netflix clicks : Report Last week, Netflix officially announced its entry into India and 130 other markets in Asia, West Asia, and Europe. In India, their basket includes Hollywood movies, television shows from other studios
‘Deception, deceit, double speak’: Congress slams BJP, RSS for ‘smokescreen’ on GST bill After calling the Venkaiah Naidu meeting with Sonia Gandhi an attempt to submerge content with optics, Congress on Friday blamed the BJP for a “false smokescreen” on GST. Congress is saying that it is the RSS and Swadeshi Jagran Manch that have been holding up the legislation.
Subhash Ghai decodes grammar of blockbuster Subhash Ghai feels that the definition of a “commercial film” has not changed in the Indian cinema dictionary since the 1970s era.
No comments:
Post a Comment