The latest news we hear is that Snapdeal is also looking very closely at this model. Similar to Flipkarts’ plan, Snapdeal intends to roll out offline stores beginning the next two months.
Soon after retail giant Walmart and Bharti parted ways in 2013, Kishore Biyani,the CEO of Future Group sensed an opportunity to join forces with Sunil Mittal if he wanted to scale up. And almost two years later, the two companies have sealed the deal with Future Retail acquiring most of Bharti Enterprises' shares in its retail business to create one of India's biggest retail chains with more than 570 stores across the country with revenues of over Rs 15,000 crore.
Even as the Indian e-Commerce space grows at blistering pace, thanks to fresh fund injections and aggressive marketing strategies, the economic wing of the RSS has said that such sites are a threat to Modi's 'Make in India' agenda, and are“killing domestic players in the Indian market”
Fast moving consumer goods (FMCG) major Future Consumer Enterprises Friday acquired the south India based convenience store chain Nilgiri.
Traditional retailers like Future Group unable to match better-funded etailers like Flipkart, Snapdeal
Online stores are racing ahead, modernising the retail industry at a pace that traditional chains cannot match.
For those without billions to pump into the tightly held firms who dominate e-commerce, the best bet may be the delivery men.
With the high penetration of phones in India and improving internet connectivity, e-commerce firms are expected to reach millions of new users in the coming years
The company had filed its application with the Securities and Exchange Board of India (Sebi) for the proposed rights issue in July.<br />
Flipkart's mega online sale took place on October 6.<br />
Future Group's Kishore Biyani ought to have set up his own online store, ratcheting up his already existing brick-and-mortar store Big Bazaar.
He may not be the most vocal supporter of his online competitors, but it hasn't stopped Future Group's Kishore Biyani from inking a deal with Amazon
Traders see it as an opportunity for Future Group to tap into the online market and increase revenue substantially.
CFFL began operations as a 50:50 joint venture between French menswear retailer Celio and Future Lifestyle Fashions.<br />
The note of caution that has crept into e-commerce sales over the last few days should help settle some dust - these sites have been receiving flak from offline retailers who have alleged that their brands were sold on Flipkart on Monday at prices below cost.<br />
Instead of jumping in to frame new laws for e-commerce, the government needs to first examine whether any existing law was at all violated by Flipkart.
The offline retailers have managed to attract the attention of the government and now the government wants to look into the matter of discounts offered by ecommerce companies.
In the last couple of months, Modi has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.<br />
The costs of e-commerce companies are significantly lower than offline players, leading to them being able to offer products at a discount to the maximum retail price
Those who had bought consumer goods from Flipkart may also be in for a rude shock as these firms are considering whether they should give the warranty benefits to for the products sold on the site.<br />