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October 19, 2014
 
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  News 
Flipkart hits out at Future Group chief Kishore Biyani over discounts, says 'prices set by sellers'
Flipkart at the most may provide 'data intelligence' to the company about what will be the best way forward for its goods during the sale - Flipkart does not impose price on companies, said a company spokesperson.
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Snapdeal's loss widens to Rs264.6 crore in FY14, compared with a loss of Rs.120 crore in the previous year
Snapdeal is at risk of being overtaken in sales by Amazon India, which launched its India marketplace in June 2013 and has since quickly increased product assortment, spent heavily on marketing and cut prices significantly to become the biggest threat to Snapdeal and Flipkart, analysts say. Facebook Twitter Linkedin Email

Why Flipkart - Future Group talks broke: Future Group wanted a fee of $10 million for giving exclusive online retail rights , Flipkart wanted commission for every sale
There was "no warmth" between the two parties, leading to a break-down last week after more than 20 days of negotiations and after the talks collapsed, Future Group walked into the arms of another suitor--Amazon. Facebook Twitter Linkedin Email

Ecommerce major, Flipkart gets clean chit from ED over 'FDI violation'; Flipkart's business structuring fall in a grey area of law
Sources told FE that the questions involved in the probe squarely fall in a grey area in law. These questions include whether having an association with an online retail company (performing business to consumer sales) would make an FDI-funded online wholesale trader such as Flipkart guilty of foreign investment rules.
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Flipkart's Big Billion Day Sale:ED issues notice; may impose Rs 1000 cr fine
There were many complaints from traders on Flipkart's massive discount sale last week. The government had assured that it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Facebook Twitter Linkedin Email

Softbank likely to invest 650 million dollars in Snapdeal, picks up 35 per cent stake, Snapdeal to diversify into payments and logistics platforms
"If true, this only shows that the appetite for putting big money by foreign investors in India's ecommerce story remains very high. Global investors are betting on the market.," said Arvind Singhal, chairman of retail and advisory firm Technopak. Facebook Twitter Linkedin Email

'Flipkart, Snapdeal, Amazon way behind brick 'n mortar retailers despite discounts'
According to Technopak, while euphoria may have been generated with the kind of sale being generated by etailers, actual numbers presented at RoC shows that companies' turnover remain at few hundred crores with only Flipkart showing numbers that run into thousand crores. Facebook Twitter Linkedin Email

Flipkart fiasco should not be used as an excuse by the government to over-regulate the e-commerce business: Assocham warns
The sector holds big promise in terms of creating new market among the aspirational middle-class consumers and any over-regulation will "kill the business in its infancy, denting the entrepreneurial spirit of the promoters, most of whom are young," it said. Facebook Twitter Linkedin Email

Flipkart doubles its demand for office space to 3 million sqft, barely two-months after approaching top developers to lease 1.5 million sqft
The deal, at Rs 52 per sqft, is likely to be inked as early as this week. Flipkart plans to absorb the entire office space in two phases, but in a record four to five years. The e-commerce poster boy had short-listed Bangalore-based Bagmane Group and Embassy in a process advised by real estate consulting firm JLL. Facebook Twitter Linkedin Email

Amazon and Future Group sign a deal to jointly sell goods online amid growing friction between online and offline retailers over heavy discounting
Future Group will sell more than 45 own labels of apparel initially, followed by in-house brands in the home, electronics and food categories, while the US-headquartered company will handle order fulfillment and customer service for the merchandise on its portal. Facebook Twitter Linkedin Email

  Trends 
Online marketplace: A training ground for new entrepreneurs
"In order to avoid too much risk and gain some hands-on experience, she started her entrepreneurial journey by selling jewellery on online marketplaces Flipkart and Snapdeal. The initiative paid off so well that within months Parikh had the confidence to kick-off her own ecommerce venture, Azira Jewels. Facebook Twitter Linkedin Email

6 Foundational Ecommerce Marketing Tactics to Stop Your Bucket from Leaking
Facebook Ads, Google Adwords, SEO, blogging, social media and guest posting are all great methods to drive traffic, unfortunately, most of the time they don't work as expected. There are lots of possible reasons for this, however, many times it's because you have a leaky bucket. A website that leaks visitors as fast as you can bring them in. Facebook Twitter Linkedin Email


As many as 57% of the students prefer to do shopping online with 90% of them want to recommend it over traditional shopping: Survey
The VESIMSR conducted the survey among 955 students of the professional colleges under Vivekanand Education Society (VES) which has 25 institutions and 18,000 students under its fold. Facebook Twitter Linkedin Email

Boom time for e-commerce in India; but customers face heightened risk of fraud
Payment service providers like Citrus Pay and PayU claim the low interest rates offered by payment gateways 1% compared with upto 3% charged by credit card companies is being taken advantage of by several small traders who set up online stores and withdraw money citing fake transactions. Facebook Twitter Linkedin Email


Get ready for more Flipkarts and Snapdeals as IITs gear up to teach entrepreneurship
IITs have always produced a steady stream of entrepreneurs, including those behind celebrated companies such as Flipkart and Snapdeal. Many IITs also have thriving incubation cells that seek to spawn such entrepreneurs. IIT-Madras is even raising a startup fund. Now, finally, IITs are gearing up to teach entrepreneurship in the classroom.
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Why Google's Sundar Pichai, Microsoft's Satya Nadella and Amazon's Jeff Bezos are banking on Digital India?
Digital India is proving to be a magnet for global technology companies, a point driven home by the visits of three global executives to the country in September alone--a month that also sees manifold increases in the pre-Diwali offline and online sales pitches for electronic gadgets that Indians love to buy. Facebook Twitter Linkedin Email

How a hybrid form of responsive design helps Rakutens m-commerce site?
Rakuten.com uses adaptive design, a hybrid form of responsive, for its mobile commerce site, an approach that can accelerate load times on mobile phones. Facebook Twitter Linkedin Email

Smile Group's BeStylish.com no longer an online footwear store; Following Yebhi.com, Bestylish also becomes an  aggregator of products
Though it isn't clear why BeStylish decided to switch to the aggregation model, offline retailers (the site's primary focus group) moving to other e-commerce platforms seems to be the most likely reason. Facebook Twitter Linkedin Email

Retail Staffing 101: How to Hire, Train, and Retain The Right Employees
However, as if it already wasn't hard enough to find the right people to work for you, with more job options available to them, it's only going to get tougher.Which is why in this post, I'll be covering tips on how to hire, train, and retain employees. Facebook Twitter Linkedin Email

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14 Ways to Use Offers, Coupons, Discounts and Deals to Drive Revenue and Customer Loyalty
Offers, coupons, discounts and deals. There will come a time when most online merchants will be faced with the decision of whether to offer discounts, when to offer discounts and how much should the discounts be worth.
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  Insight 
Emergence of E-commerce- Logistics Industry Gears Up (Premium) - View Free Sample
The fast emergence of eCommerce in India has opened a new vista for logistics companies across the country, especially for the express logistics companies. Preceded by retail, it is now e-tail to determine the fortune of many of the logistics service providers in India. Facebook Twitter Linkedin Email

Online Gifting- Boon for Brands
Online Gifting- Boon for Brands (Premium) - View Free Sample
The gifting companies, brands and social media platforms have teamed up to entirely changethe face of gifting in the country.Free for Email Subscribers! Share to get access Facebook Twitter Linkedin Email

eRetail of Luxury Bags- The Indian Story (Premium) - View Free Sample
For online luxury market, the key to success will be cutting-edge customer service tools in addition to all classical luxury market success tools. After all, 'small' is the new 'big' and as you read this, eRetail would have slowly made its way in your life. Facebook Twitter Linkedin Email

Going Multi-Channel Is Essential
Going Multi-Channel Is Essential (Premium) - View Free Sample
The advent of the multi-channel retailing era has led to increasingly complex interactions with customers. For retailers, the solution lies in taking recourse to intelligent supply chain technologies. Facebook Twitter Linkedin Email

 How to make years of investment in retail technology pay off?

Today's stores are buzzing with technology. Scanners, digital signage, digital displays, kiosks, tablets, hand held devices, POS, RFID and inventory systems are working in silos. How does a retailer bring all these investments together, map it to customer needs, and ensure an ecosystem that drives real-time customer engagement? Facebook Twitter Linkedin Email


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