Indian Retail

% Share of different sectors in Retail

Footwear
others
1% Jewellery
5%
8%  Amazon
What’s newIndia Launches
in Retail ? The
Pharmacy
3% Saheli Store For Women
Furniture & Entrepreneurs
furnishings
3%
Consume
Apparel  With this initiative thousands of women
r Food and entrepreneurs who are associated with
9%
durables grocery these partner organisations will be able
& IT 66% to offer their products on its platform
5% through a dedicated storefront

 Future Group to transform retail Business

Intellect Commerce has been selected by Future Group to deliver an enterprise retail management
suite – iRetail, designed to transform end to end retail store management across procurement,
inventory management, demand planning and financial reporting functions for its smaller formats
and franchisee outlets.

 Koovs beats Amazon and Flipkart to bag best consumer experience

platform

Amazon and Flipkart have been extravagantly spending millions on creating a varied fashion portal, while a
smaller portal of similar category Koovs.com has emerged as the best customer experience providing e-
tailer. The e-commerce giants have been doing so to keep up with the increasing demand even from tier II
and tier III cities

Flipkart’s own fashion vertical sites Myntra and Jabong fared well than Flipkart, even Snapdeal, which has
been in crisis and is still struggling to regain market share too has shown better results, the survey
said. While Amazon India suggested that the survey should expand its base beyond Metro cities as its
customer base was large, Flipkart too echoed similar views and said the survey does not reflect ground
realities as it is based on a narrow sample size from metropolitan cities only.

https://retail.franchiseindia.com/news/Koovs-beats-Amazon-and-Flipkart-to-bag-best-
consumer-experience-platform.n8134/
  Fabindia to open Fab India Experience centre

Fabindia, the ethnic apparel brand is expanding its business by adding 40-50 stores every year in
existing as well as new markets, a senior company official said. The company which recently
opened a new retail format called the Fabindia Experience Centre, plans to have 10 such stores by
the end of 2018. Ajay Kapoor President- Retail, Fabindia said, “We would continue to add 40 to 50
stores every year,” The company has around 268 stores, he said, adding that the expansion would
be through mix of company-owned, company operated stores and franchise model.

https://retail.franchiseindia.com/news/Fabindia-to-add-40-50-stores-every-year.n8137/

 ITC hopes to generate revenue boost from FMCG segment

ITC Ltd sees growth opportunity in the fast moving consumer goods (FMCG) space as it is
expanding the portfolios in the segment, a company official said on Monday.

Company CEO Sanjiv Puri said “Opportunity is the biggest in the FMCG segment. That is where our
internal capabilities can be leveraged. We will look at newer and newer areas as we go along.
Earlier, we went into sea food and before that, into B-Natural juices. We have also forayed into the
dairy segment with ghee and dairy whitener. It is a continuous expansion of portfolio that we are
doing. In the recent World Food India, the company announced investment of Rs 10,000 crore in the
food processing sector apart from ongoing investments of Rs 25,000 crore in various sectors”.

Speaking on the Goods and Services Tax (GST), the ITC official said “by and large, trade has
normalised under the new indirect tax regime. "But, there may still be some minor issues in
wholesale."

Source :- https://retail.franchiseindia.com/news/