Kishore Biyani sees a ‘Phygital’ future for retail
Chief of Future Group said physical and online retail channels may converge soon.
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Top brands shun exclusive e-tail deals
German sportswear maker Adidas, which had an exclusive tie-up with Flipkart and Myntra, has started selling on Amazon India. British retailer Marks & Spencer, which went online in India through Flipkart Group, has now moved to Amazon and Ajio as well.
Digital, physical retail have own advantages, challenges; hybrid model 'phygital' can perform better: Kishore Biyani
Biyani, in a fireside chat at Amazon's SMBhav event, said physical and digital retail started in different eras but will eventually come together in the next 3-4 years. "Physical has its own advantages and nuances and digital has its own advantages. Both of them came in different eras and they will meet, I think in next 3-4 years it will be 'phygital',".
Amazon Echo Flex review: An intriguing device at Rs 2,999
Amazon’s Echo series of smart speakers have now been reshaped as a wall plug that also works as a charger.
S&P 500, Nasdaq hit fresh record highs on trade deal hopes
Advancing issues outnumbered decliners by a 2.43-to-1 ratio on the NYSE and by a 1.49-to-1 ratio on the Nasdaq.
Ministry of Housing and Urban Affairs wants real estate portal for transaction to become ‘Amazon’ of the sector
The ministry hopes that it will bring the trust back in the real estate sector. Just like the ‘Amazon’ is trusted, the ministry wants the new portal to be one-stop for all housing-related requirements. The portal ‘HousingForAll.Com’, will help buyers in accessing best priced inventory by builders for a limited time to take full advantage of best pricing.
OnePlus to hire more for R&D team, make India a global base for talent
In an interview with Danish Khan, OnePlus CEO Pete Lau said the industry turmoil over India’s recent cut in export sops is a short-term hurdle for the company.
OnePlus to turn India its global R&D hub
OnePlus India general manager Vikas Agarwal said OnePlus is investing around Rs 1,000 crore in its R&D facility which is operational in Hyderabad. The company at present has 400 people in the Indian operation which will go up to 1500 people over the next three years. OnePlus at present has 30 brand stores in India in 15 cities.
Competition Commission of India pitches for self-regulation of ecomm platforms
The Competition Commission of India has also advocated that e-commerce players increase in transparency in search rankings, collection and use of data and user review and rating mechanisms.The CCI has also recommended that e-commerce platforms notify the businesses of any proposed changes in terms and conditions and only bring them into effect after a reasonable notice period.
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Policy changes, JioMart pose rising risks to global e-commerce players in India: Fitch
Smaller retailers have been claiming that companies such as Amazon India and Flipkart are pricing them out of the market.
Amazon and Future Group to cross-leverage each others' sales channel
Future Group and Amazon are collaborating to sell products from apparel to grocery and thereby make the best of both physical and online selling and widen distribution. Amazon will be an authorized online sales channel for Future Retail while its stores and warehouses will be used as distribution centres by Amazon for quicker delivery.
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