Company News
Specialty e-tailers step up offline play to stave off threat from Amazon, Flipkartedit
The e-commerce sector is dealing with slowdown in growth and adding to the pressure is the expansion plans of categories by giants Amazon and Flipkart. To compete with the two biggies, players in the space are focusing on offline stores and are investing in bringing up physical stores for more customer satisfaction, reports Mint.
Includes quote by Ashish Goel, ” As an omni-channel brand, we thrive on the value proposition created by being category-specific….”
Publication: Moneycontrol
Date: November 2, 2017
India: Niche online retailers invest in offline stores to fend off Amazon, Flipkart edit
Specialty online retailers are hastening their offline expansion in order to survive the onslaught from Flipkart and Amazon India amid a broader slowdown in the growth of the e-commerce market and a lack of interest among investors towards funding e-commerce businesses.
Includes quote by Ashish Goel, ” As an omni-channel brand, we thrive on the value proposition created by being category-specific….”
Publication: Deal Street Asia
Date: November 2, 2017
Competition and Industry News
Going Hell For Leatheredit
Sunil Suresh has been in the leather business for two decades. But his company , Stanley Lifestyles, isn’t into shoes or handbags. It has built its brand by focusing on furniture and automotive seats.
Younger customers lean towards sites such as Urban Ladder and Pepperfry, where furniture is priced between Rs. 15,000 and Rs. 200,000
Publication: Fortune India (Clip Attached)
Date: October 1, 2017
IKEA to open 5-6 stores in Delhi NCRedit
IKEA, the Swedish home furnishings company said it purchased its first land parcel in Gurugram, Haryana and its fourth one in India after Hyderabad, Mumbai and Bengaluru. IKEA said it has ambitious plans to open 5-6 stores in Delhi NCR over the coming years.
Publication: ET Retail
Date: November 2, 2017