Online Sales

Uniqlo India aims Rs 1k cr sales mark in FY25, to increase local sourcing

Uniqlo India aims to touch Rs 1,000-crore sales mark in the current fiscal year, continuing with its 30 per cent annual growth journey, helped by retail expansion, its Chief Operating Officer Kenji Inoue said here on Thursday. Besides Uniqlo India is also increasing local sourcing, aiming to source 18 per cent from local production by 2025, from 15.5 per cent currently. India is an "important" market for the parent entity -- Fast Retailing Co. which recently reported an annual sales of 3 trillion yen (nearly USD 20 billion) and now aiming to triple it to 10 trillion yen in future. "We have been achieving 30 per cent growth, we feel that the potential of the market is huge. We at Fast Retailing just achieved 3 trillion yen sales and we are now targeting 10 trillion yen, which is three times, and definitely, this market would be one of the very important markets to (achieve) that," Inoue told PTI. Though India is still a small market on a global scale for Uniqlo, its potential "is ..

Festive sales: Appliance makers expect 30% growth on higher online sales

The appliance & consumer electronics industry expects around 30 per cent growth in the festive season sales this year after a double-digit booster from online sale events of leading etailers Flipkart and Amazon and an expected final thrust from offline channels during Dhanteras week. This festive season, premiumisation is the flavour, where consumers are willing to pay extra for features such as energy efficiency, higher capacity and larger size and even showing interest in the high-end AI & IOT Technology-driven products, industry leaders said. Companies such as LG Electronics, Panasonic, Sony, Godrej Appliances and Haier started festive sales with a good kick start from the Onam festival and expect to continue the momentum till the remaining week of the nearly 45-day festive period, which concludes after Diwali. To make the premium range as large screen TV panels above 51' screen size, higher load capacity washing machines and French door refrigerators (with two side-by-side

France's Atos cuts financial targets, says restructuring still on track

Atos said it now forecast a full-year 2024 group revenue of 9.7 billion euros ($10.72 billion), down from 9.8 billion euros previously estimated

E-commerce industry plans to hire in big numbers this festival season

Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season

Diwali witnessed 49% rise in online sales, K-shaped recovery continues

Shopping trends during the festive season indicated a K-shaped recovery in the economy, as the items related to mass consumption struggled, but the premium products registered a surge in sales

I-T department discovers Rs 10,000 crore tax evasion by online retailers

Several companies have received I-T notices for either not paying their taxes properly or for underreporting their revenue

Is ‘No Cost EMI’ really free?

From music parties to war rooms to AI: Inside e-tail festival battles

E-commerce retailers are expected to garner sales worth Rs 90,000 crore this festive season, 18-20 per cent higher than last year, according to the analysts

Online sales this festive season to be 15% higher than last year: Redseer

Sellers are also planning to spend more on marketing and advertising on e-commerce platforms this festive season to drive sales, as compared to last year

Bata bolsters premium portfolio, aims 20% sales from online channels: CEO

With inflation cooling off, leading shoemaker Bata is bolstering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital-savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels - physical stores and online - and expects e-commerce to contribute 20 per cent of its total sales in the next two to three years, he said. Bata is also pushing for offline sales and expects strong growth to come from its expansion under the franchise system, where it plans to add another 125 stores in FY24 and increase its presence at multi-brand outlet (MBO) channels. Though with the opening of offices and schools, sales of casual wear products have increased, Shah said the trend of casualization would continue in the long term and Bata is pursuing it by extending its mid-premium brands Hush Puppies and Red Label in the ...

Online sales in food, fashion fared better than offline in Q1FY23: Report

Nykaa is anticipated to record an 11% YoY increase in its fashion revenue while Zomato is expected to have outperformed the majority of QSRs

Why are brands launching end-of-season sales early this year?

End of season sales party arrives early for Indians this year, here's why

Usually, the EOSS starts at the end of June, and companies aim to clear their stock before fresh stock hits the shelves, but this year, the companies have started discounting early

Amazon announces Republic Day sale offers on 5G smartphones: Details here

The Amazon Great Republic Day Sale started on January 15 and it will be live until January 20. Here are some of the deals on 5G smartphones available on the e-commerce platform

One day in office, remote work for rest of the week for Meesho employees

E-commerce firm's Flexi-Office model offers employees financial support for relocating

Consumer interest watchdog's notices to Flipkart, Meesho for acid sale

Several states/UTs have already issued guidelines to regulate the sale of acids

Myntra's EORS 17 to cater 5 mn shoppers with 1.7 mn styles from Dec 10-16

The 17th edition of Myntras biannual End of Reason Sale is set to cater to 5 million shoppers with a whopping 17 lakh styles across leading fashion, beauty and lifestyle brands, the company said

Thanksgiving Day online sales touch $5.3 bn in US, mobile top choice

According to Adobe Analytics, mobile devices accounted for 55 per cent of all online shopping, up 8.3 per cent from a year ago

Offline, online sales soar as shoppers clamour for best Black Friday deals

Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India

India's online sales up 25% at Rs 76,000 cr in festive month: Report

According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and above cities drove this growth and contributed 57 per cent of festive GMV (gross merchandise value).