Page 9 - Online Shopping

Consumers in India becoming smart shoppers due to rising inflation: Study

Commerce media company Criteo conducted a survey of over 1,400 consumers in India to see how inflation has affected shopping behaviour

Public procurement via GeM portal to cross Rs 2 trillion in FY23: Official

Procurement of goods and services from government portal GeM is expected to cross Rs 2 lakh crore during this fiscal year on account of an increase in buying activities by different ministries and departments, a top official said on Wednesday. The procurement crossed Rs 1.5 lakh crore on February 1. CEO of the Government e-Market (GeM) P K Singh said huge potential is there in states and public sector undertakings to increase the buying from the platform. "After crossing Rs 1.5 lakh crore, we are aspiring for Rs 2 lakh crore for the full fiscal," Singh told reporters here. The portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. He said the portal has over 66,000 government buyer organisations and more than 58 lakh sellers and service providers offering a diverse range of goods and services. He added that through automation and digitisation of processes, GeM has led to higher process efficienci

Best of BS Opinion: Beyond the Yatra, the everywhere retail, and more

Here is the best of Business Standard's opinion pieces for today

The everywhere retail

Spurred by the pandemic, the convergence between offline and online commerce could reach a tipping point in 2023

Nykaa hits new all-time low amid slew of block deals in past one month

In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.

Myntra's End of Reason Sale set to cater to five million shoppers

This edition of EORS is bigger, with a 70% higher style count than the previous; will have 1.7 million styles across 6,000 popular domestic and international brands on offer

Myntra's EORS 17 to cater 5 mn shoppers with 1.7 mn styles from Dec 10-16

The 17th edition of Myntras biannual End of Reason Sale is set to cater to 5 million shoppers with a whopping 17 lakh styles across leading fashion, beauty and lifestyle brands, the company said

What inflation? Cyber Monday set for record $11.2-billion sales

The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks

Offline, online sales soar as shoppers clamour for best Black Friday deals

Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India

Tata Cliq Luxury plans large-scale Black Friday sale starting Nov 23

The sale will have offers on global and Indian luxury and premium brands

Flipkart key driver of 13% spike in Walmart's international revenue

Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company

Amazon becomes world's first listed firm to lose $1 trillion in market cap

Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak

Remarketing adoption in India jumps 50% during festival season: Study

Remarketing is a paid marketing tactic that allows users to serve ads to individuals who have previously visited a website or engaged with his (the user's) content on a social platform

Nykaa's strong performance in Sept quarter bucks new-age tech bloat

Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk

How immersive technology is transforming fashion and online shopping

From spray-painted dresses to feeling the texture of a fabric on screen, fashion and shopping are becoming tech-immersive

Amazon rolling out option to pay using Venmo balance, linked bank account

Amazon is rolling out the option to use Venmo balance, a linked bank account, or an associated debit card for payments for its users

Luxury goods take festive splash as brands present a bouquet of choices

Indian brands, too, have capitalised on the sentiment ahead of the festive season

Economy lightens up on festive season demand as shoppers back in force

Online marketplaces Amazon.com Inc., and Walmart Inc.-owned Flipkart saw sales jump 27% from a year ago to $5.7 billion during the festival season's first sale between Sept. 22-30

Flipkart partners with eDAO for virtual shopping experience in metaverse

Homegrown e-commerce platform Flipkart announced that it has partnered with Polygon-incubated organisation eDAO to launch a metaverse space, Flipverse

TikTok still planning to launch live shopping in US, says report

Chinese short-form video app TikTok is still working on its plan to launch live shopping in the US, after reports surfaced that it has given up on the plans