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November 9, 2014
 
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  News 
WS Retail clocks sales worth Rs 3,135 cr for FY14 with profit of Rs 67 lakh; Two key Flipkart cos generate loss of Rs 716 crore
Flipkart had early this year said it hit an annual revenue run rate of $1 billion in February this year, which means it clocked sales worth over Rs 500 crore that month. Its previous milestone of doing sales worth Rs 100 crore happened in June 2012. Facebook Twitter Linkedin Email

Flipkart rejigs top management, hands over more responsibility to Myntra founder Mukesh Bansal
Flipkart has rejigged its top management, handing over more responsibility to Mukesh Bansal, the founder of fashion portal Myntra which was acquired by India's largest online retailer earlier this year. Facebook Twitter Linkedin Email

Flipkart Vs Amazon Vs Snapdeal: Who burns more money to acquire new customers, offer discounts and pump up products on offer?
However, when it comes to losses, Flipkart leads by a much bigger margin and their loss for 2013-14 stands at Rs. 400 Crore. Comparatively, Amazon losses are pegged at Rs. 321.3 crore and Snapdeal had least losses of 3 with 264.6 crore
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Top-level recast in Flipkart; Bansal's role expanded, CFO leaves

Kalyan Krishnamurthy, interim chief financial officer at Flipkart for over a year, is going back to Tiger Global. Krishnamurthy, who is director of finance for portfolio companies at Tiger, had taken on the interim CFO role after Karandeep Singh quit as head of finance at the company in January last year

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How Myntra manages to keep its attrition rate under 5%, while the industry average is 20%?
Decor, however, is just one aspect of the culture companies are aiming to build. Startups combine it with flexible schedules, ownership of projects and an entrepreneurial bent of mind to build a new culture of collaborative team-work, accountability and openness. Facebook Twitter Linkedin Email


E-Commerce Companies hiring more MBA Students to boost expansion plans
At the Indian Institute of Management, Bangalore - Amazon made 11 job offers, while up-starts Flipkart, Jabong and Yepme were the biggest hirers in the e-commerce space.  Facebook Twitter Linkedin Email

Niche e-tailers like ShopClues.com, Paytm benefit from buzz around Flipkart and Amazon sales
"Unlike the big players (like Flipkart and Snapdeal), which are more like malls and focus on big-ticket items like electronic goods, we are more like a typical Indian marketplace," says Aggarwal. So, during Diwali, the portal sold everything from disco Diwali lights to local sweets to gifting items like silver coins embedded with images of Ganesha and Lakshmi. And the bestseller was? "A gold-plated set of playing cards," says Aggarwal. Facebook Twitter Linkedin Email

Startups woo ex-Yahoo staff; offer big salaries, perks
He is considering various job offers and is also exploring an option to launch an ecommerce technology startup. "I am sad, I could have spent more time with the company," said another Yahoo employee who is now exploring opportunities to join a startup Facebook Twitter Linkedin Email

India's E-Commerce Industry Booms, Public Listing Next
Siliconindia.com
"Public listing will take place for these e-commerce companies shortly. It could happen even in the next three-four months," said Saurabh Srivastava, director-operations with PricewaterhouseCoopers. Facebook Twitter Linkedin Email

Flipkart announces a strategic partnership with Euronet India to distribute e-commerce major's 'digital gift codes' across the country
Indian consumers across major banks will soon be able to use their online-banking portals and mobile applications to purchase digital codes which can be delivered instantly via their email accounts or through a text message in a secure fashion, using Euronet's electronic transaction processing services, Flipkart said.
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  Trends 
Here's what Lenovo, Dell, HP, Toshiba, Asus, Nikon have said about e-commerce offers & warranties in India
There's ambiguous wordplay, with some brands merely asking consumers to check warranty entitlements, others saying "Representations, benefits and other entitlements" (what does this mean anyway?) will not be honored.
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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

Twitter to use S-money service for payments in France, allows its customers to transfer money to other people via tweets on social network
The move by Groupe BPCE, France's second largest bank by customers, coincides with Twitter's own push into the world of online payments as the social network seeks new sources of revenue beyond advertising. Facebook Twitter Linkedin Email

Summer internship stipends sizzle; jump 30-40%
Companies are offering as much as Rs 4.2 lakh for a two-month internship and large and established companies are jostling with upstart ecommerce startups for fresh talent. Facebook Twitter Linkedin Email

Retailers focus on how to spend wisely with Google, continue to fight for top rankings via natural search: Survey
Internet Retailer bases its findings on anonymous responses from 95 participants, of whom the majority, 67.7%, identified themselves as working for web-only retailers. Facebook Twitter Linkedin Email

Ease of doing business makes Singapore attractive start-up hub for Indian entrepreneurs
"The users are much more evolved and the feedback is of a higher quality than in India," said Shashank ND, founder of online medical appointment scheduler Practo, who shifted base to Singapore two years ago. Facebook Twitter Linkedin Email

Why Are Domain Names So Important For Building A Brand? 15 Domain Name Generators & New Domain Extensions Available
In this post we'll explain why your domain name is so important, show you some of the best tools for finding the perfect URL, then, we'll introduce you some of the new unique domain extensions that you probably didn't even realize were available. Facebook Twitter Linkedin Email

Brick-and-mortar stores and Ecommerce Portals: Two different worlds, with different clientele
Traditional Indian retailers who have taken their business online to be part of the e-shopping frenzy say that their online presence has opened up a new set of customers with just a fifth of the business coming from existing customers, a trend that indicates a polarisation of sorts in the retail world. Facebook Twitter Linkedin Email

E-tailers should unite to create infra expressway, says Jabong. Will competitors listen?
Firstpost
The big billion day debacle of Flipkart has many raised questions, Praveeen Sinha, founder of one of the largest fashion stores Jabong, says this situation could have been avoided had etailers controlled their greed and figured out before hand actual logistics and delivery capacities of courier/delivery companies. Facebook Twitter Linkedin Email

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

  Insight 
Online vs Print Marketing- The digital divide
Online vs Print Marketing- The digital divide (Premium) - View Free Sample
What makes Internet marketing different from print advertising? Is it just the technology or is a shift required in the way creativity applies in these different mediums? The nub of the argument is in the reference point- Internet communication vs Print advertising.

Interview- Pawan Gadia CEO Retail and E Commerce- Ferns N Petals
Interview- Pawan Gadia CEO Retail and E Commerce- Ferns N Petals (Premium) - View Free Sample
In a conversation with Twishy of exchange4media., Pawan Gadia, CEO-Retail and E-Commerce, Ferns N Petals speaks about the opportunities during festivals, challenges of the digital age and how the idea of gifting has evolved over the years.Free for Email Subscribers! Share to get access Facebook Twitter Linkedin Email

Physical Stores are not going to disappear- Jeremy King of Wal-mart
Physical Stores are not going to disappear- Jeremy King of Wal-mart (Premium) - View Free Sample
Jeremy King is senior vice president and chief technology officer of Global eCommerce at Walmart. He has been on the forefront of cloud computing and brings over 20 years of experience building highly scalable technology platforms to support global commerce operations. 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


Combine Bricks and Clicks to promote Business
Combine Bricks and Clicks to promote Business (Premium) - View Free Sample
Given the opportunity to engage in ever-new endeavors, today's shoppers demonstrate an outstanding capacity to multi-task, compartmentalize, and adapt. How do you cater to them? Read on.....Free for Email Subscribers! Share to get access Facebook Twitter Linkedin Email

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