Page 4 - Online Shopping

India a key lifestyle hub for global brands; 90% of top 50 active: Report

India is emerging as a hub for global lifestyle brands, with 90 per cent of the top 50 global brands active and many others lined up for launch in the country, driven by robust online sales and a burgeoning e-lifestyle market, according to a study. Global consultancy firm Bain & Company and lifestyle e-commerce platform Myntra on Wednesday released a study drawing insights from Bain analysis, secondary research, market participant interviews, and industry sources. "India is also a key lifestyle destination for global brands90 per cent of the top 50 global brands are active in India and half of them already have India revenue greater than USD 30 million. Scaled, global fashion brands in India have demonstrated robust growth, seeing a 20 per cent uptick year-on-year over 201823," the study showed. About 50 per cent of global brands have greater than USD 30 million in revenue in India, the study E-Styling India: Decoding India's Online Fashion and Lifestyle Shopping Trends, ...

Meesho strengthens board with appointment of four independent directors

Meesho's new board members are expected to play a key role in advancing its strategic goals

With open arms: How far can ONDC democratise ecommerce in India?

ONDC promotes open networks for exchange of goods and services digitally, its platform-agnostic architecture allows buyers and sellers to transact irrespective of the platform they use

Blinkit targets 2,000 dark stores by 2026 end while profitable: CEO

The company has been expanding its dark store network at a rapid pace over the last few quarters

E-commerce and consumer internet industry welcomes FM Sitharaman's Budget

Krishnamurthy said the government's commitment to green energy and critical mineral missions underscores a forward-looking strategy to ensure sustainable development

India embraces 24-hour retail, nighttime consumer spending soars by 60%

Data from Simpl's Checkout Scan shows a remarkable 60 per cent increase in total payment volumes for orders placed between 10 pm and 4 am over the past year

Video commerce gains traction, people spent 2 mn hours shopping: Flipkart

Homegrown e-commerce platform Flipkart on Thursday said video as a format is rapidly gaining adoption and Indian customers have spent over 2 million hours on its video commerce offerings in the past one year. India is one of the top consumers of internet data, and with Indian consumers becoming increasingly tech-savvy and digitally inclined, video commerce in the country promises great potential. According to Flipkart Indians have spent over 2 million hours on its video commerce offerings, from June 2023 to May 2024. Tier 2 and tier 3 regions comprised 65 per cent of overall video commerce engagement, mostly in categories like fashion, beauty, personal care, home decor and furnishing. The maximum viewership clocked on a single live commerce video was 1.4 million, it added. "Video as a format is rapidly gaining adoption, especially among women in tier 2 and tier 3 regions, millennials and the Gen Z audience pan India. The top 5 cities leading the way for Flipkart's Video Commerce ..

ONDC likely to start levying small user charges on each transaction

The charges may have to be paid by either the seller, or the buyer, or both

Quick-commerce firm Zepto raises $665 mn in funding, valued at $3.6 bn

Series F round comes as Mumbai-based startup aims to become profitable before launching IPO

Growing presence: D2C brands hitch a ride on the quick-commerce wagon

D2C brands growth in quick commerce has overtaken traditional e-commerce, and the channel is currently proving to be more profitable as well

Quick, quicker, quickest: The impatient Indian fires up an industry

Instant delivery firms diversify to high-end consumer durables & e-comm majors enter the space

Holy grail of blended commerce

Combining the power of physical and online retail represents the next frontier

Ecommerce company Amazon infuses Rs 1,600 crore into India entity

Amazon's chief rival Flipkart recently raised nearly $600 million in fresh funds from its parent company, Walmart, and another investor

Demand for ice creams, ACs expanded during summer sales event: Amazon India

As the temperature in India soars, so does the demand for cooling essentials

Amazon's 'just walk out' checkout tech was powered by 1,000 Indian workers

As many as 1,000 workers in India were required to review what the customers picked up, and ultimately walked out with from Amazon's Just Walk Out-enabled stores

Operationally profitable for two quarters: Fashion platform Myntra

Brands on Myntra have recorded strong year-on-year (YoY) growth, with the catalogue size on the platform also having grown by over 50 per cent in the last year

Myntra obtains India franchise rights for UK's fashion brand NEXT

E-commerce platform Myntra on Friday said it has bagged franchise rights for UK's fashion brand NEXT for the country. Myntra has signed a franchise agreement with UK's fashion brand NEXT to this effect. The association allows Myntra Jabong Pvt. Ltd, Myntra's B2B wholesale entity, the right to distribute NEXT's range of products, while holistically scaling NEXT's omni-channel presence in India, a company statement said. "As a part of this franchise agreement, Myntra's business-to-business (B2B) entity will set up NEXT branded stores in India," it said. It added that the association enables NEXT to tap into the vast, diverse and ever-evolving Indian market by allowing Myntra Jabong Pvt Ltd to distribute its products on a wholesale basis. "With a successful trajectory of growing NEXT online in India, our first year of working together has resulted in establishing the right product, audience and price fit in the country. "With a strong playbook in exponentially building adoption for

'53% consumers did not receive refund for inherently defective products'

At least 74% consumers had reached out for action on defective products, of which, only 21% got a product replacement or refund

Meesho initiates largest ESOP buyback programme totalling Rs 200 cr

Eligible current and ex-employees across the spectrum, from junior-level executives to senior leadership can voluntarily participate in this program, the company said in a statement

Flipkart unveils its UPI handle to boost India's digital evolution

The service would be available to all users including Flipkart's over 500 million customers