Page 10 - E-commerce Market

Archies forays into beauty segment, launches dedicated e-com portal

Gift and greeting cards major Archies on Friday announced its foray into the beauty and personal care products segment as part of business expansion plans. It has partnered with around 45 brands, ranging from cosmetics, haircare, skincare, fragrances and scents, bath & body care and even baby care, said Archies Beauty Chief Operating Officer Hanisha Kapoor. As per the strategy, Rs 200 crore company is opting for both online and offline channels for its new business segment 'Archies Beauty'. Its products would be available on its new portal Archiesbeauty.com and the company also looks to leverage its existing network of over 200 Archies stores to sell these beauty and personal care products, she added. "By the quarter-end, Archies Beauty will be having around 75 beauty and cosmetic brands on board and by the year-end end, (it is) eying to have around 150 plus brands," Kapoor told PTI. Archies Beauty is also considering introducing dedicated outlets for its new segment by next year,

ITC augments investment in e-commerce, accelerates digital transformation

ITC Ltd has augmented its capability in emerging modes such as e-commerce and modern trade channels with "sharp-focused investments"

Snapdeal, FLO tie up to launch program to digitise women-owned businesses

E-commerce player Snapdeal on Wednesday said it has signed an agreement with FICCI Ladies Organisation (FLO) and has launched an online program to help women-led SMBs in the country

Govt-appointed panel to meet on modalities of open network for e-commerce

The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know

Godrej Consumer leveraging on data and tech, strengthening its e-commerce

FMCG firm Godrej Consumer Products Ltd (GCPL) is strengthening its e-commerce vertical as an independent business unit in India, according to company Chairperson and Managing Director Nisaba Godrej.

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

E-commerce rule book in letter and spirit

The coming weeks should give us an idea on how e-commerce firms would do business in India if new rules are to be followed, writes Nivedita Mookerji

Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

Amazon battles regulators in bid to stay dominant in India's e-comm market

The tussle with governments is a familiar territory for Amazon since it, along with Apple, Google and Facebook, face potentially similar charges in the US

Covid-19 impact: E-commerce drives demand for warehousing in H1

Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

Anti-trust algorithms drive online sales

Investigations are required in India and other emerging economies to ensure that algorithm-led personalised pricing in e-commerce is not harmful

Govt plans to bring stricter e-commerce rules, flash sales may be history

The government plans to revise the e-commerce regulations in the country and bring about stricter norms, wherein the much talked-about flash sales may prohibited.

Covid-19 crisis: Nearly 10,000 mobile retail stores shut in the past year

The north India region, the largest market among all four zones of the country, has seen the worst, according to market analytics platform PredictiVu, with close to 10 per cent of outlets closing

Online fashion industry clocks 51% growth order volume in FY21: Report

Online fashion industry witnessed an order volume growth of 51 per cent and GMV increase of 45 per cent in FY21 as compared to the previous financial year, a report by Unicommerce said on Thursday.

As Covid-19 lockdowns ease, Indians still prefer home deliveries: Survey

This trend was observed not just in the big cities, but also tier-1,2,3 towns, a survey by community led social media platform LocalCircles has found

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

PE funds ready cash, scout for bulk-buying social e-commerce start-ups

Customers get large discounts and the platform enjoys the benefits of scale and lower costs

Stage set for Indian small biz to build global brands: Amazon's Broussard

As work from home became the new normal due to the Covid-19 pandemic, Broussard said thousands of our e-commerce sellers from India played a key role in serving customers globally during this period.

Future Retail to offer quick online deliveries in bet on e-commerce

Popular online grocery service BigBasket, in which India's Tata Group is seeking to acquire a majority stake, and Amazon both offer quick online deliveries in India.