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GST makes June quarter a bumper one

for retailers
By Sagar Malviya, ET Bureau | Updated: Aug 10, 2017, 11.26 AM IST
MUMBAI: Sales at India's listed brick-and-

mortar retailers expanded between 18% and
40% during the June quarter as the introduction
of the single producer levy caused the end of
4 season sale to be advanced, leading to
purchases during a period that normally
0 witnesses muted buying.
Comments
"We expect to have even higher sales
in the coming months backed by efforts Same-store sales growth (SSG) at Shoppers
in terms of merchandising and pricing,"
Stop rose to its highest in nearly five years
said Kishore Biyani.
while Future Retail BSE -2.22 % , Trent BSE -1.56 % ,
Aditya Birla Fashion & Retail (ABFRL) and
Arvind Brands posted 12-21% increases, underpinned by aggressive
promotions and steep discounts.
Same-store sales compare growth at outlets that have been open for over a
year and are an important indicator of consumer demand.
GST makes June quarter a bumper one for Amazon finds fault with smartphone sales data Smartphone business growing at over 100 per Amazon's grocery debut can crash
1 retailers 2 3 cent for us: Amazon India 4 Kishore Biyani's brick-and-mortar c
"The performance is more demand or volume led, which indicates positive
sentiment of consumers. Also, competitive element is less and overall market
conditions are better," said Future Group CEO Kishore Biyani. "We expect to
have even higher sales in the coming months backed by efforts in terms of
merchandising and pricing."
To be sure, most retailers saw demand rise during the January-March quarter
due to fresh inventory and fewer discounted merchandise of big brands on
online portals. But the growth last quarter was robust due to deep discounting.
Most retailers slashed prices to liquidate merchandise, advancing their usual

end-of-season sales, a move triggered after the GST Council decided that man-
made apparel above Rs 1,000 will attract a 12% levy, higher than the existing
7%.
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"The month of April and May witnessed increase off-take, driven by the
wedding calendar. June sales were driven by an early end of season sale,
which was advanced by 15 days. This quarter, therefore, captures some of the
EOSS sales that would normally accrue in Q2," S Visvanathan, CFO at ABFRL,
told investors in an earnings call.
Also Read
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READ MORE ON Trent Kishore Biyani GST Future Retail Arvind Brands
Aditya Birla Fashion & Retail
Comments Add Your Comments
Amazon finds fault with smartphone sales data
From Around the Web Sponsored by
NEXT STORY
Amazon finds fault with smartphone
sales data
By Gulveen Aulakh, ET Bureau | Updated: Aug 09, 2017, 12.57 AM IST
NEW DELHIi: Amazon has contested

projections by research firms that the online
retailer had a lower share of the smartphone
market by both shipments and value and
claimed it will trump rival Flipkart by Diwali.
1 The Seattle-based company alleged that a

Comments
Smartphones are the largest product large chunk of Flipkarts smartphone sales went
category by revenue for Flipkart and to traders, unlike its own, where almost all went
Amazon and both have started selling
directly to consumers.
refurbished phones.
Flipkart didnt immediately respond to ETs

queries. Some research agencies and articles (media reports) that have
quoted certain numbers, which we want to clarify We have never shared
those numbers with them, said Arun Srinivasan, category leader for consumer
electronics and smartphones at Amazon India, without naming any agency.
The agencies and reports said Flipkart was No. 1 in the smartphone segment
with a huge lead over Amazon.
According to the feedback from brands, theres very little difference between
the two platforms, and giving them some benefit of doubt, there may still be a
10% delta, but that also gets queered by returns, rejects, Srinivasan said.
He added that the two companies were neck-and-neck in the past few months,
even though Amazon entered the segment two years ago.
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Its possible that we could cross them on a sustained basis and by Diwali we
could be ahead, Srinivasan told ET. Amazon is set to launch models from
BlackBerry, Nokia, Lenovo and LG within 10 days.
Flipkart had a 57% share of the online smartphone market in the January to
March quarter, while Amazon had 27%, Hong Kong-based Counterpoint
Technology Market Research said.
Smartphones are the largest product category by revenue for Flipkart and
Amazon and both have started selling refurbished phones. The stakes are high
in an extremely competitive and pricesensitive segment.
A larger share is even more critical because the smartphone segment has
remained stagnant at one-third of the entire market and sales of these devices
are expected to grow at the slowest pace in 2017, as reported by ET on
Monday.
Elaborating on the claim that Flipkarts sales were largely to traders, Srinivasan
1 retailers said the number of phones 2 to resellers on its platform was really small,
going 3 cent for us: Amazon India 4 Kishore Biyani's brick-and-mortar c
driven by the fact that it had a lower share of cash-on-delivery orders and
stringent norms to identify people who could potentially be sellers by linking
customer IDs, besides a cap on monthly orders.
Anecdotally, weve heard that a large chunk of their sales goes to the trade,
but its difficult for us to triangulate that, he said, referring to Flipkarts
shipments. In our case, 99% is going to genuine customers."
Also Read
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READ MORE ON Smartphone Sales Flipkart Diwali Amazon
Comments (1) Add Your Comments
Smartphone business growing at over 100 per cent

for us: Amazon India
NEXT STORY
Smartphone business growing at over
100 per cent for us: Amazon India
PTI | Updated: Aug 08, 2017, 09.00 PM IST
NEW DELHI: Global e-commerce major

Amazon expects further acceleration in its
smartphones business in India that has been
witnessing over 100 per cent growth.
Amazon, which is locked in an intense battle for

0 market leadership with Flipkart in India, has so
Comments
Amazon has emerged as a strong far seen 140 handset models being launched
competitor and many brands now also on its platform exclusively.
looking at Amazon to introduce their
devices.
"We have seen 100 per cent growth in our
smartphone business. This is driven by strong
uptake of premium products and demand from tier II and III cities," Amazon
India Category Leader (Consumer Electronics) Arun Srinivasan told PTI.
He added that in the coming two weeks, four handset brands are launching
their handsets exclusively on Amazon's platform.
Srinivasan said while the overall smartphone category has grown 100 per cent,
sale of premium devices in tier I has jumped 310 per cent, 460 per cent in tier II
and 600 per cent in tier III cities.
According to industry watchers, there were many brands that made their foray
into India and launched their offerings exclusively through Flipkart. These
include the likes of Motorola and Xiaomi.
However, Amazon has emerged as a strong competitor and many brands now
also looking at Amazon to introduce their devices.
"We have brands across clusters. There are the likes of OnePlus that continue
to remain with us. There are players like Samsung that have a strong offline
presence and have strengthened their online play selling through our platform,"
he said.
Srinivasan said Amazon is already gearing up for the festive season and
ensuring the logistics operations run smoothly.
It is also putting in place finance options and buyback offers to reach out to a
larger base of customers.
"We believe there is a healthy opportunity for us to accelerate and there are no
headwinds as of now. Overall, smartphones are among the top three selling
categories and we are bullish on it for the long-term," he added.
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1 retailers READ MORE ON 2 3 cent for us: Amazon India 4 Kishore Biyani's brick-and-mortar c
Smartphone Sale Oneplus Consumer Electronics Amazon Smartphone
Amazon India
Amazon's grocery debut can crash into Kishore

Biyani's brick-and-mortar challenge
NEXT STORY
Amazon's grocery debut can crash into
Kishore Biyani's brick-and-mortar
challenge
ECONOMICTIMES.COM | Updated: Aug 08, 2017, 04.17 PM IST
A war looms over retail segment. A company

that dominates online will be up against a
company which has turned online-skeptic and is
building a huge brick-and mortar chain.
Amazon-versus-Future Group war will play out
25 in the next three-four years.
Comments
Biyani is more confident about his There are reports that Amazon will make its
brick-and-mortar play than his online nationwide debut in online food retailing in India
business. He has said he wouldnt
during the Diwali season. It also plans to start a
invest or operate in the e-commerce
space for at least two years.
private grocery label in India later.
More than rival online grocery companies, the

brick-and-mortar retail leader, Kishore Biyani's Future Group, will test Amazon's
strategy, stamina and strength.
Amazon's aggressive pricing will face a strong counter from the Future Group
which is planning to build a loyalty-based convenience stores, which will be
driven mainly by low prices.
The Future Group will open in the next four years about 10,000 convenience
stores where member-shoppers will get more discounts than those offered by
brick-and-mortar chains such as DMart, or online rivals Amazon and Flipkart,
which recently entered groceries.
"No one can match the prices we will offer. We have built the entire ecosystem
such as logistics, partnership with FMCG companies and customer database
around the stores. The concept is a hybrid between the kirana (neighbourhood)
store, connected commerce and large supermarket," said Future Group CEO
Kishore Biyani, speaking to ET a few months ago.
Amazon recently got government approval for stocking and selling food and
groceries in India online and through brick and-mortar stores. Initially, it is likely
to focus only on online. But Future Group can jeopardise its brick-and-mortar
strategy too because by the time Amazon steps into it, Future Group might
have consolidated its position.
Each Future Group store will enroll 1,500 customers for an annual fee:
Shoppers will get 10 per cent additional discount on each bill apart from existing
applicable offers, consumer credit, home delivery options, and access to the
online shopping platform.
These smaller stores will have three badges Easy Day, Heritage Retail, and
Nilgiris that have been acquired by the group in the past few years. Since
last month, the company has been opening about 15 smaller stores a week.
Over the past few weeks, Future Group has been piloting a similar programme
at Easy Day and has managed to enrol one lakh members so far.
GST makesThe
Junetarget isbumper
quarter a to have
onefive-lakh
members
for this fault
Amazon finds fiscal.
withBy doing so,
smartphone Biyani
sales data hopes to
Smartphone business growing at over 100 per Amazon's grocery debut can crash
achieve sales of Rs 40,000 crore through these stores by 2021, double the
earlier target of Rs 20,000 crore he had set few years ago.
Biyani is more confident about his brick-and-mortar play than his online
business. He has said he wouldnt invest or operate in the e-commerce space
for at least two years. And he has his reasons: The group has already sunk Rs
300 crore on such ventures, and the industrys mega ad blitz aside, it is reeling
under losses.
Indias leading brick-and-mortar retailer now wants to focus all its energies and
cash on the conventional business since that generates much higher returns.
Biyani said none of the e-commerce firms in India is making money and losses
are as much as their turnover.
Amazon's food retail gambit will ride on low prices and a big brand name but
Biyani's expansion too will be based on pricing strategy. This can lead to a
fierce price war in which consumer will be the winner in any case.
Also Read
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READ MORE ON Kishore Biyani Future Group Big Bazaar Amazon
Reliance Jio vs Vodafone vs Airtel vs other telcos:

Which data plan you should go for
NEXT STORY
Reliance Jio vs Vodafone vs Airtel vs
other telcos: Which data plan you
should go for
ECONOMICTIMES.COM | Updated: Aug 07, 2017, 06.24 PM IST
NEW DELHI: Reliance Jio has again reshuffled

its data plan tariff in which it claims to have
offered more benefits to consumers. The new
tariff comes at a time when Jio's Dhan Dhana
Dhan offer is about to complete its three
11 months. The newly launched plans can still
Comments
impact Airtel, Vodafone and Idea who are
Reliace Jio has earlier offered Rs 309 facing a slump in their revenues.
plan for its existing users, in which they
had to buy Prime subscription for Rs
Here's how Reliance Jio's tariff plan stands
99.
against Vodafone, Airtel and Idea's 4G plans on
offer:
Related
Reliance Jios rate hike may be
rivals cue to raise tariffs, too Reliance Jio
* Rs 309: Unlimited voice calls/SMSs, 1GB (4G)
data per day for 56 days
* Rs 349: Unlimited voice calls/SMSs, 20GB (4G) data (10+10) for 56 days
* Rs 399: Unlimited voice calls/SMSs, 1GB (4G) data per day for 84 days
* Rs 509: Unlimited voice calls/SMSs, 2GB (4G) data per day for 56 days
** Reliance Jio has earlier offered Rs 309 plan for its existing users, in which
they had to buy Prime subscription for Rs 99. The plan offered 1 GB data per
day, unlimited voice calls/SMSs for 90 days.
Airtel:
* Rs 244: Unlimited calls to Airtel to Airtel, 1GB data per day for 70 days, no
free SMS
* Rs 399: Unlimited calls (300 minutes a day/1200 minutes a week), 1GB
(3G/4G) data per day for 56 days, no free SMS
* Rs 549: Unlimited calls (300 minutes a day/1200 minutes a week), + 1.25GB
(3G/4G) data per day on 4G handset for 28 days, no free SMS
** Call charges of Rs 0.30/minute will apply after exhausting the daily/weekly

limit
Vodafone
* Rs 257: Unlimited calls (300 minutes a day/1200 minutes a week), 2GB total,
3G/4G data for 28 days, no free SMS
(3G/4G) data per day for 84 days, no free SMS. Vodafone has termed it
Survival Kit and is available for new connections only. The subsequent
recharges will be of Rs 352 and will provide same benefits.
** Vodafone and Airtel offer customised plans to their consumers. It is quite

GST makespossible that
June quarter you may
a bumper get
1GB data
one for per finds
Amazon day fault
for 56
withor 84 dayssales
smartphone instead
data of 28 Smartphone business growing at over 100 per Amazon's grocery debut can crash
days with the regular recharge of Rs 352/Rs 349 respectively.
Idea
* Rs 498: 4GB (3G) for 28 days, post that 1GB (3G) for 28 days at Rs 121 for 6
months
* Rs 453: 1GB (3G) data for 84 days (On first time recharge only), unlimited
local/STD calls, no free SMS
* Rs 395: 1GB (4G) data, unlimited local/STD calls, for 84 days. This plan is
available for Mumbai circle Idea users only.
BSNL (Not 4G plan)

* Rs 333: 3GB (3G/2G) data per day for 90 days (No free call/SMS)
* Rs 395: 2GB (3G) data per day, 3,000 minutes to BSNL numbers/1,800
minutes on other networks, for 71 days
* Rs 444: 4GB (3G/2G) data per day for 90 days (No free call/SMS)
* Rs 666: Unlimited calls and 2GB (3G) data per day for 60 days (No free SMS)
** Note: The tariff plans are according to latest data available on the website of
respective telcos. There may be some change in the plan. Please confirm with
your operator before opting for a recharge. Idea does not offer 4G services in
Delhi. BSNL is also yet to announce its 4G services.
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Reliance Jio Idea Data Plan BSNL Data Plan
Amazon using its 'India lessons' to improve

operations globally
NEXT STORY
Amazon using its 'India lessons' to
improve operations globally
By Anand J, Shilpa Phadnis, TNN | Updated: Aug 07, 2017, 04.13 PM IST
BENGALURU: Amazon's innovations in India

are being adopted by the company's other
teams from across the globe including its
European and US e-commerce arms, Terry
Hanold, vice president of international
consumer technology in Amazon told TOI.
0 Some of these innovations are around mobile,
Comments
While the US has long been a do-it- sellers' initiatives and enabling customers to
yourself market, in India, Amazon's sell used items on Amazon.
seller app had tools and features that
helped sellers do the inventory
management and logistics better.
"Indian customers are holding us to what this
team has accomplished in such a short time. I
want the rest of Amazon to be modelled on this.
I cannot imagine that we will look back in time when we would think we had
invested too much in India," Hanold said. The retail giant has been pouring
billions of dollars into the Indian market and is seen to have significantly
narrowed the revenue gap with e-commerce leader Flipkart.
One of the successful innovations, called seller flex, allows a seller to make
their location available for Amazon to store inventory and help them receive an
additional stream of revenue. "We saw customers benefit and that idea has
been scaled out to other Amazon marketplaces, allowing us to expand our
footprint without having to invest a lot in physical infrastructure," said Dale Vaz,
director of software development at Amazon India.
While the US has long been a do-it-yourself market, in India, Amazon's seller
app had tools and features that helped sellers do the inventory management
and logistics better. "These are India specific tools that we built for sellers to
help manage the business more effectively. Now we are rolling this out to other
markets including the US," said Hanold.
Amazon has two R&D divisions in India - one for its global research, which is
based mostly in Hyderabad, and the second is part of Amazon's India division
and works exclusively for the India e-commerce portal. Together, India is the
second largest development centre for the company globally. India, Hanold
said, was a leader in dealing with internet and connectivity and low-end mobile
devices for the company, given that the country has to deal with challenges
around these.
The Seattle-based retail giant had to shift focus from Apple to Android devices,
which were fragmented in terms of devices and specifications, to win India. "We
looked at how we could support customers who are on smaller devices which
have less computing power, and we looked backwards, we went into the app
and stripped down large portions of it that we believed weren't useful to the
customers. We removed voice search and image search. From 17MB, it came
down to 2MB," Vaz said.
Amazon had acquired Junglee, which lets consumers sell used items, in 1998,
and this was launched in India in 2012, two years before its India e-commerce
launch. The Junglee team built a system which now enables Amazon to have a
1 retailers product picked up from the seller's
2 home, vet, pack and ship it to the buyer 3 cent for us: Amazon India 4 Kishore Biyani's brick-and-mortar c
using the Amazon India infrastructure. It also built an escrow account, which
allowed the company to hold the money until the buyer could verify the product
before the money was transferred to the seller's account.
Now, this is being implemented in other markets of the e-commerce giant.
Amazon founder & CEO Jeff Bezos has in the past effusively praised the India
team for the growth they have accomplished and the "torrid pace" of
innovations in its operations here. Hanold reiterated that: "The level of
excitement inside Amazon for the traction the India team has had is
phenomenal considering some of the complexities of the Indian market. And we
have only scratched the surface. The energy of the Indian market, the growth,
the high expectation, the desire, the talent of the India teams, leave us all
incredibly inspired, reminding us of the Silicon Valley of 20-30 years ago."
(This article was originally published in The Times of India)
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Aditya Birla Fashion in talks with American Eagle

Outfitters, looking to sell its products in India
NEXT STORY
Aditya Birla Fashion in talks with
American Eagle Outfitters, looking to
sell its products in India
By Rasul Bailay, ET Bureau | Updated: Aug 07, 2017, 12.58 AM IST
NEW DELHI: Aditya Birla Fashion & Retail is in

an advanced stage of talks with American
Eagle Outfitters to open standalone outlets of
the US fashion brand popular with the youth,
two people in the know of the matter said.
1
Comments
The retail arm of the Aditya Birla Group is
In 2015, the US firm had dragged looking for the rights to sell the brand both
Aditya Birla Fashion's department store offline and online in India, one of the people
chain, Pantaloons, to the Delhi High
said.
Court alleging trademark infringement
by the Indian company.
NYSE-listed American Eagle operates around
1,000 stores in the US, Canada, Mexico, the
UK, China, Japan and several countries in the Middle East.
A spokesperson for Aditya Birla Fashion said the company does not comment
on "market speculations", while American Eagle did not respond to an email
sent on Friday seeking comment.
Interestingly, in 2015, the US firm had dragged Aditya Birla Fashion's

department store chain, Pantaloons, to the Delhi High Court alleging trademark
infringement by the Indian company.
The petition had accused Pantaloons of using a brand name Urban Eagle
and logo that were deceptively similar to those of American Eagle.
Talks with American Eagle are part of Aditya Birla Fashion's aggressive push to
form partnerships with foreign brands as it seeks to compete in India's changing
landscapes in fashion and lifestyle.
According to various industry sources, the fashion business of the Aditya Birla
Group is under pressure from investors to stitch together a winning formula,
reflecting the latest trends in Indias fashion scene that has been redefined in
recent years by brands such as Zara and Swedish fashion retailer H&M.
The Aditya Birla Group created Aditya Birla Fashion & Retail in May 2015 by
merging its units Madura Fashion, Pantaloons Fashion & Retail and Madura
Garments Lifestyle Retail. The retail arm owns brands including Louis Philippe,
Van Heusen, Allen Solly and Pantaloons department stores.
Market watchers said the pressure on Aditya Birla Fashion has grown since
peer Arvind Brands, which sells global labels including Tommy Hilfiger, Calvin
Klein, Gap, US Polo, Gant and Aeropostale in India, raised Rs 740 crore by
selling a 10% stake last year to Multiples Private Equity.
In a statement to ET in April, Aditya Birla Fashion said it was the "market

leader" in Indias branded apparel market, and that it has a "rich portfolio of the
largest and the most profitable brands in the country".
Aditya Birla Fashion has also tied up with New York-based department chain
Saks Fifth Avenue and plans to roll out the Saks branded outlet, spread over
100,000 sq ft, at Aerocity near New Delhi's international airport.
READ MORE ON Zara Pantaloons H&M American Eagle Outfitters Aditya Birla Group
Aditya Birla Fashion & Retail
Retailers, consumer goods companies may unlock

$2.95 trillion in 10 years: Report
NEXT STORY
Retailers, consumer goods companies
may unlock $2.95 trillion in 10 years:
Report
NEW DELHI: Retailers and consumer goods

companies could unlock $2.95 trillion in value
for the industry and consumers over the next
decade by accelerating digital transformation,
says a report by Accenture Strategy.
0
Comments
According to the report, the retail and consumer
According to the report by Accenture, goods industries will change more in the next
the retail and consumer goods 10 years than they have over the past 40.
industries will change more in the next
10 years than they have over the past
40.
The report said eight technologies are expected
to play a key role through 2025, impacting all
major areas of the value chain: like Internet of
Things, Autonomous Vehicles/Drones, Artificial Intelligence/Machine Learning,
Robotics, Digital Traceability, 3D Printing, Augmented Reality/Virtual Reality
and Blockchain.
"Adapting business models to accommodate these new trends could be highly

profitable, with USD 2.95 trillion of potential value for the industry and
consumers," the report said.
The study identified current consumer appetite for new purchasing experiences,
the business models that have the highest potential to unlock new value, and
how organisations and policymakers can prepare themselves.
"Globally as well as in India, technology has disrupted many facets of the

customer's life. As consumers crave for their own unique experiences,
companies will have to re-visit their business models and continuously
innovate," Anurag Gupta, Managing Director and Lead - Consumer Goods and
Retail, Accenture Strategy, India said.
The report said retailers and consumer goods companies need to explore the
transformative business models which are already being welcomed by Indian
consumers.
These business models include - sharing economy (renting an item and

returning it, instead of purchasing it outright), personalisation economy (expert
curated products tailored to the individual and automatically delivered),
replenishment economy (smart sensors detect when a product is running low
and automatically re-orders and delivers it) and services economy (services are
outsourced so someone else).
"In a rapidly evolving environment where customers demand for better products
and experience is on rise, organisations would need to be ready to unlearn and
continue to innovate," Gupta said.
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READ MORE ON Value Chain Technology Retailers Product India Environment
Economy
H&Ms new pricing strategy pays off; sales zoom in

H1 2017
NEXT STORY
H&Ms new pricing strategy pays off;
sales zoom in H1 2017
By Sagar Malviya, ET Bureau | Updated: Aug 04, 2017, 12.22 AM IST
MUMBAI: Swedish fashion retailer Hennes &

Mauritzs sales in India during the six months
ended May exceeded that of its entire previous
financial year after selling merchandise at
relatively lower prices than rival Zara.
1 H&M clocked sales of 460 crore in the six-

Comments
H&Ms sales during first six months of month period compared with 445 crore during
this year at Rs 460 crore exceeded its December 2015-November 2016, the financial
full-year show last fiscal.
year it follows, according to a report on its
website. With about 16 stores each generating
an average of 16 lakh per day in sales, H&Ms performance is among the best
within the apparel space in the retail market.
Spanish chain Zara, which opened its first store in India in 2010, had set the
benchmark as the fastest-growing and now the biggest international apparel
brand in India with sales of 1,023 crore during FY16-17. Levi Strauss and
Benetton, which have been around for two decades, and Marks & Spencer,
which started a decade ago, had sales of 700-800 crore. Fabindia remains the
biggest local lifestyle brand, with sales of 918 crore in the year ended March
2016.
At the current rate, H&M should cross 1,000 crore in the current fiscal. The
brand positioning is right in a price-sensitive market like India, said Ruchi Sally,
director at Elargir Solutions, a retail consultancy.
H&M, the worlds second-largest clothing giant, had said it will open 50 stores in
India with an investment of 700 crore by 2020.
The retailer stocks fast fashion items created in-house and teams up with
designers for one-time collections. It keeps a large inventory of basic, everyday
items sourced from places including India and Bangladesh that carry a lower
price tag than most of its rivals.
In comparison, Zara emulates the latest fashion, makes affordable versions and
stocks them for a very short span of time. H&Ms entry into India prompted Zara
to slash prices by 10-15% for some of its merchandise last year.
The Indian retail market was worth $641 billion in 2016 and is expected to
reach $1.6 trillion by 2026, according to the India Business of Fashion 2017
report.
As the worlds second mostpopulated country, India is an attractive market for

US and European brands and has attracted some of the worlds largest private
labels that are banking on young consumers increasingly embracing western-
style clothing.
Ecommerce companies could have added to their sales as well, considering

that apparel accounts for 25-35% of overall sales for Amazon, Flipkart and
GST makesSnapdeal.
June quarter Zara
a bumper
willone for
launch Amazon
its online finds
store in fault
Indiawiththis
smartphone
Octobersales data H&M
while Smartphone business growing at over 100 per Amazon's grocery debut can crash
plans to enter the online market by 2018.
READ MORE ON
Zara Indian Retail Market Hennes & Mauritz Fabindia
Business Of Fashion 2017
Spencer's to cover 10-12 cities in hyper delivery by

FY18
NEXT STORY
Spencer's to cover 10-12 cities in hyper
delivery by FY18
KOLKATA: Spencer's Retail is steadily

expanding its omni-channel presence and is
planning to cover 10-12 cities in hyper delivery
model for online orders.
The retail chain launched its online channel in

0 2016 and is available across Hyderabad,
Comments
Currently, Spencer's operates some Chennai, Kolkata, Delhi-NCR region and
125 stores, including 38 large-format Vishakhapatnam, a company official said.
ones in 35 cities in India.
"In the current fiscal Spencer's proposes to

cover around 10-12 cities for online shopping delivery," he told PTI.
Currently, Spencer's operates some 125 stores, including 38 large-format ones

in 35 cities in India and the company will leverage these physical stores for
online order deliveries.
Spencer's did not mention sales from the online platform but said the response
is encouraging and so the company us expanding the coverage.
Meanwhile, Spencer's had narrowed down its losses on the back of higher
revenue.
The net loss came down by 9 per cent year-on-year to Rs 129.39 crore in the
last fiscal from Rs 142.28 crore in the previous fiscal.
The retailer's turnover grew over 8 per cent y-o-y at Rs 2,021.27 crore in 2016-
17.
Chairman Sanjiv Goenka had said Spencer's has made cash breakeven in the
first quarter of FY18'.
It will get demerged from CESC into an independent company with effect from
October 1, subject to approval of the National Company Law Tribunal.
Also Read
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Jamaican hurdler Spencer cleared of anti-doping rule violation
Athletics - Jamaica's Spencer denies evading drug test
Athletics-Jamaica's Spencer denies evading drug test
READ MORE ON Spencer's Stores Spencer's Malls In Delhi Indian Retail
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MUMBAI: Sales at India's listed brick-and-

Most retailers slashed prices to liquidate merchandise, advancing their usual

Relax & let us boost 5 reasons to visit Virat

GST Council raises cess on cigarettes to fix anomaly under GST

No clarity on GST over completed flats

GST extended to Jammu and Kashmir

GST across the political landscape

Aditya Birla Fashion & Retail

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Amazon finds fault with smartphone sales data

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NEW DELHIi: Amazon has contested

1 The Seattle-based company alleged that a

Flipkart didnt immediately respond to ETs

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Flipkart, Amazon lock horns over smartphone sales

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Smartphone business growing at over 100 per cent

NEW DELHI: Global e-commerce major

Amazon, which is locked in an intense battle for

Amazon India to set up three more 'Fulfillment Centres'

Amazon India registers 225% net growth in sports products in 2016

Amazon India doubles its seller base to 2 lakh

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Amazon's grocery debut can crash into Kishore

A war looms over retail segment. A company

More than rival online grocery companies, the

Amazon to hire over 1000 in India

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Amazon infuses Rs 341 crore into Amazon Wholesale India

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Reliance Jio vs Vodafone vs Airtel vs other telcos:

NEW DELHI: Reliance Jio has again reshuffled

** Call charges of Rs 0.30/minute will apply after exhausting the daily/weekly

** Vodafone and Airtel offer customised plans to their consumers. It is quite

BSNL (Not 4G plan)

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Bata appoints Vodafone's Sandeep Kataria as country manager

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Reliance Jio Idea Data Plan BSNL Data Plan

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Amazon using its 'India lessons' to improve

BENGALURU: Amazon's innovations in India

(This article was originally published in The Times of India)

Amazon to hire over 1000 in India

Amazon & Flipkart jostle for the ecommerce throne

Amazon infuses Rs 341 crore into Amazon Wholesale India

Infosys arm offers Finacle on Amazon

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Aditya Birla Fashion in talks with American Eagle

NEW DELHI: Aditya Birla Fashion & Retail is in

Interestingly, in 2015, the US firm had dragged Aditya Birla Fashion's

In a statement to ET in April, Aditya Birla Fashion said it was the "market

Aditya Birla Fashion & Retail

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Retailers, consumer goods companies may unlock

NEW DELHI: Retailers and consumer goods