Competition and Industry News
Lifestyle stores adopt an omnichannel and tech-led strategy for growthedit
In a bid to accelerate conversions at its Lifestyle stores, Landmark Group is relying heavily on in-store tech. Think self-checkout kiosks, mobile POS and virtual trial rooms. The Rs 4,000-crore brand is also adopting an omnichannel approach to scale up the business. Its same store sales growth (SSSG) was flat last fiscal, although the CAGR of SSSG is in the region of 7 to 8%.
Publication: Financial Express (Online)
Date: April 22, 2019
New players will expand e-commerce market more: Flipkart Group CEO Kalyan Krishnamurthyedit
Walmart-owned Flipkart, the homegrown e- commerce giant that is locked in a fierce battle with US-based rival Amazon for supremacy in the domestic market, said the imminent entry of a third player – Reliance Industries – is not a worry as it would expand the market further and benefit all stakeholders.
Publication: The Economic Times (Online)
Date: April 22, 2019