India news and analysis

29 October 2019
Overall losses despite positive sales numbers. Increase in both revenues and losses For its year ending in March 2019, Flipkart India, the wholesale division of Flipkart, reported sales revenues of approximately US$4.33bn. Separately, Flipkart Internet, which operates its marketplace, also reported sales revenues of US$593m. Although this represents a 51% year-on-year increase for Flipka...
16 October 2019
Walmart owned ecommerce retailer in India creates Farmermart to focus on grocery retail. Intends to sell directly to shoppers   With an initial investment of US$350m, Flipkart has registered a new entity to focus on online grocery retailing. Through Farmermart, the company intends to begin selling fresh groceries, as well as to develop its own range of private label products. If successful,...
13 September 2019
Amazon has doubled its delivery network in India ahead of its flagship sales event, Amazon Great Indian Festival Sale. Delivery network expansion Amazon has significantly expanded its supply chain network throughout India to more than 1,400 delivery stations across 750 cities. The expansion aims to strengthen Amazon’s capacity ahead of the festive season. Amazon said over 100 delivery stati...
26 August 2019
Amazon opens its largest campus and invests into Future Retail. Biggest Amazon campus in the world Located in the city of Hyderabad and able to house 15,000 employees, Amazon recently opened its latest campus and reaffirmed its commitment to the Indian ecommerce market. The 9.5 acres site will house employees from all divisions, including Amazon Web Services. The move to locate its lates...
23 August 2019
Two hour delivery times for Amazon Prime subscribers. Expansion of online business in India Amazon India has commenced its fresh grocery delivery business in India. Operating under the Amazon Fresh banner, Indian shoppers now have access to more than 5,000 items across categories such as packaged foods, fresh fruits and vegetables, dairy products and beauty care products. The service is ...
14 August 2019
India’s largest retailer shares strategy to modernise kiranas in India. Planning a retail revolution in India Mr. Mukesh Ambani, Chairman of Reliance Retail, recently shared an ambitious plan to connect the traditional mom-and-pop stores of India to its digital platform. With the aim of transforming the huge traditional segment, this plan involves the creation of a complete ecosystem built ...
07 August 2019
We look at how SPAR International partners are investing in their store networks in Spain, Hungary and India. Spain: opens new stores and modernises existing stores In the last two months of Q2 2019, SPAR Spain opened three new stores in Gran Canaria, Mérida and Tossa del Mar. The stores have added 1,800 sq. m of space to the retailer’s overall store network. SPAR will continue to invest...
23 July 2019
New chief of marketing announced for ecommerce operator. Previously from Unilever Mr. Vikas Gupta, previously from Unilever Indonesia, has been named at the new Chief Marketing Officer for Flipkart. Gupta has been with Unilever for more than 20 years and his last position was general manager of the home care division as well as vice-president for digital transformation. He is returning t...
23 July 2019
Strong fundamentals contribute to sales growth of nearly 48%. Bucking the economic slowndown India’s retail conglomerate Reliance Retail announced sales revenues of INR38,196 crore (US$5.35bn) for the Group’s first financial quarter. Correspondingly, it reported pre-tax profits of INR2,049 crore (US$426.9m), an increase of nearly 70% versus last year. This represents 13 consecutive quart...
23 July 2019
Rapid launch of convenience chain into Mumbai. Looking to tap into potential gaps in the grocery retail sector Earlier in March, we reported on the master franchise agreement between the Future Group and 7-Eleven, paving the way for 7-Eleven stores to begin operations in India. This was quickly followed up with the Group’s announcement of the 7-Eleven India CEO a month lat...