Competition and Industry News
Will possible govt cap on e-commerce discounts affect their businesses?edit
There has been media reports of a possible government plan to impose checks on the discounts and cashback deals offered by e-commerce companies to attract customers. It is being said this move is part of the WTO push to globally regulate online businesses. The e-commerce industry has undoubtedly hurt the fortunes of scores of brick and mortar retail stores across the country as firms like Amazon and Flipkart and others have reached every nook and cranny of the country. Their reach is posing a threat to offline retail stores who have been opposing the unrealistic discounts the online firms have been offering.
Publication: The Week (Online)
Date: December 17, 2018
More big names enter furniture space as demand for premium products risesedit
The crowds that thronged the launch of Swedish furniture provider IKEA’s first store in Hyderabad in August this year may not be a one-off craze, but reflective of a trend. Indian customer appetite for premium products is increasing. Competitive furniture and home solutions companies are cashing in on this with new products, attractive schemes and easy credit access. According to TechSci Research report India Furniture Market Forecast and Opportunities 2019, India’s furniture market is poised to cross $32 billion by 2019.
Publication: The New Indian Express (Online)
Date: December 17, 2018