Competition and Industry News
Compact and cozy loveseats that are perfect for small spacesedit
For small spaces, loveseats or the two-seater sofa is a perfect options. Snug, neat and compact, traditionally the loveseat came as a set of two opposite facing chairs intended for having a face-to-face conversation among people. the contemporary versions bear more semblance to a conventional couch but their compact size still allows proximity between people sitting together. A number of loveseat designs are available online and with their small size, they can be accommodated in any space be-it the empty space under the stairway, or even in a large bathroom.
Publication : The Times of India
Date : September 04, 2019
Product Placementurban ladderStart-ups seek separate data policy, don’t want to be part of e-commerceedit
With the government planning to secure all data related to finance and e-commerce in India, many start-ups fear that the Centre may also bring them into the e-commerce fold. This, in turn, would make it impossible for them to process data abroad, according to LocalCircles, a social media and citizen engagement platform.Under the much-awaited e-commerce policy, a number of proposals are around data protection and storing data onshore. The proposals are aimed at online e-commerce players, foreign banks and fintech firms for storing and processing all data in India.
Publication : Business Standard
Date : September 06, 2019
Data policyDoes e-commerce harm competition? This is what CCI study saysedit
The Competition Commission of India (CCI), on August 30, released its interim findings on the ongoing study of the e-commerce sector. This study was initiated by the CCI on account of rapid growth of the sector and the rising importance of online trade. The findings are: (a) preferential terms and visibility to certain ‘preferential’ sellers, higher search rankings, etc, although the same have been vehemently denied by the platforms as they claimed all sellers are independent third-party sellers; (b) platforms playing a dual role raising issues of neutrality; and (c) strict on-board reseller norms to reduce the nuisance of counterfeiting.
Publication : Financial Express
Date : September 06, 2019
CompetitionE-commerceExclusive: Security breach on Pepperfry exposes details of users; now pluggededit
A major security flaw was detected on online furniture store Pepperfry’s website, which could have allowed users to sign in to another registered user’s account. Pepperfry has claimed that the bug was fixed within an hour of being detected. Security researcher Ehraz Ahmed found the bug on Pepperfry’s website, which could have led to the security flaw. Speaking exclusively to Moneycontrol, Ahmed said that the bug could allow a user to log into another user’s account and/or create a new account of any user, which does not exist. The flaw was with the website’s ‘Internal Authentication’ Application Program Interface (API), which allowed users to auto-login.
Publication : Moneycontrol
Date: September 06, 2019
Data breachPepperfryIndia relaxes FDI investment rulesedit
India’s government has recently announced relaxations on single-brand retail’s FDI investments. The new FDI rules reflect the government’s effort to encourage investments and create employment opportunities over the next five years, says GlobalData, a data and analytics company. According to GlobalData, the Indian retail sector is expected to grow at a compound annual growth rate (CAGR) of 10.4 per cent between last year and 2022. During the same period, the physical as well as online channels are expected to grow at CAGRs of 9.7 per cent and 29.4 per cent, respectively.
Publication : Inside Retail
Date : September 06, 2019
FDI investment3 E-Commerce Personalization Strategies Customers Actually Want to Seeedit
Personalization is arguably the hottest trend in digital marketing, and it seems to be a topic in nearly every marketing-related conversation. Everyone recommends that marketers look for ways to personalize their websites, content, advertisements, and interactions. Marketers need to understand the importance of customization with today’s consumers. Consider the following: According to 59 percent of consumers, personalized experiences were reported to be an influential factor in purchasing decisions. Ninety-one percent of consumers agreed that they would be more likely to buy from a brand that offered personalized details in the shopping experience.
Publication : Total Retail
Date : September 04, 2019
E-commercePersonalization