October 19, 2020
Headlines
- Majority Indian consumers consider both online, physical stores for shopping: Survey
- Reverse-migration pushes e-commerce festive sales to Tier 2, 3 cities
- Amid tensions with China, India warns Amazon, Flipkart over country of origin rule
- RIL’s retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
- KOCHAM starts UP chapter
- Government bans import of air conditioners with refrigerants
- Duty on imports of TV, mobiles not to last long
- Set up regulatory body to monitor Bollywood, TV and OTT content: CAIT
- E-commerce majors leveraging technology to power biggest festival sales
- Rural consumption better placed during Covid-19 pandemic, shows data
- AC import ban to drive market share gains for Voltas, Blue Star and Havells
- Google Assistant arrives on Samsung smart TVs in US, others to get soon
- Chinese panel makers expected to occupy more than 50% share in monitor panel market in 2021 through production capacity advantages, says TrendForce
- Pandemic shock forced me to exit retail business: Biyani
- E-com sees 31% growth in orders in Sept quarter
- Pandemic shock forced me to exit retail biz: Future Group founder Biyani
- E-com firms look to get a fillip ahead of festive season
- Itel forays into smart TV segment, eyes up to 8 pc market share in a year
- Walt Disney restructures entertainment businesses to boost streaming
- Smart TV operating system case turns focus on lack of adequate laws
- Mumbai blackout puts a question mark on the city’s ‘islanding’ system
- Feds may target Google’s Chrome browser for breakup
- Snapdeal ‘Kum Mein Dum’ Diwali sale starting October 16 with discounts on daily-use Gadgets, More
- Amazon India launches its largest specialised fulfilment centre
- Reliance terms reports of stake sale to Amazon speculative
- ICEA sets up committee on capital goods sector reforms
- Tamil Nadu’s incentives for manufacturing in India
- Retailers Association welcomes govt stimulus to boost demand
- Electronic firms likely to benefit from stimulus for govt employees
- Private equity firm Blackstone seeks clarity on Reliance-Future deal
Perspective
Dealers Speak
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The market for the dealer fraternity is getting tougher by the day on the back of highly competitive environment. Despite all challenging factors, we are bullish on gaining back our...Read More -
The market has been on a decline for the last 3-4 years for small- and medium-sized dealers in the country because of the strong emergence of e-commerce and expanding range...Read More -
2020 has been the most difficult year since we started this business, as the pandemic struck right in the beginning of the year. We were already struggling to increase profitability...Read More -
Our current strategy for gaining profitability is to aggressively market product segments that have gained traction during the lockdown, including televisions, washing machines, and air conditioners. We have even expanded...Read More -
We have never seen such a drastic shift in the consumer trend. Even though the majority of our customers has shifted to online shopping, as the fear factor of contracting...Read More -
Since 2018, festive season sales have been lackluster and 2020 is not expected to be any different. We had pinned hopes on Onam, but the footfall turned out to be...Read More -
We are seeing 10 percent growth in the current quarter as against 2Q2020. Smart TV has become the fastest moving model on our counter. Work-from-home scenario has encouraged the consumers...Read More -
2020 has been the most challenging year in our 25 years of retail business. We have even survived the brunt of e-commerce, but the pandemic ensued with economic disruptions has...Read More -
Even though COVID-19 has deterred the growth expected for 2020, the pandemic has expedited the transformation process for every stakeholder in the CE, HA, and AC industry. It is not...Read More