Marks & Spencer to
focus on sustainable products
With doors opening for the international retailers in the Indian
market, Marks & Spencer (M&S), a leading UK based food and clothing
retailer, has marked India as its single most important market. M&S has
integrated a strategy named Plan A, and it plans to implement it in India to
combat green challenges.
M&S Plan A is about making the brand carbon neutral by
recycling clothing and packaging waste, getting raw material from sustainable
sources and improving the lives of thousands of workers in their supply chain.
Mr. Mike Barry, Head of Sustainable Business, Marks & Spencer said that the
company sees scope for exciting new products that are sustainable and produced
ethically.
At Present, M&S is working with 9,000 farmers in Warangal in
Andhra Pradesh, where trainers are providing inputs to help farmers produce
good quality crops with reduced usage of water and pesticides.
International Supermarket Chains
Barred from e-commerce in India
The
Government of India is firm on its decision to disallow e-commerce to the foreign
supermarket chains that are setting up retail outlets in the country under the
FDI in multi brand retail.
Large retailers like Walmart and Tesco will not be allowed to set up non-store formats such as teleshopping and mail order for business-to-consumer activity (B2C).
However, the DIPP has reportedly said that e-commerce will be permitted for business-to-business (B2B) activity.
Large retailers like Walmart and Tesco will not be allowed to set up non-store formats such as teleshopping and mail order for business-to-consumer activity (B2C).
However, the DIPP has reportedly said that e-commerce will be permitted for business-to-business (B2B) activity.
As
per reports in the media, the terms and conditions are not yet very clear. The
experts are of the opinion that these clauses could easily be circumvented by
the retailers. The finer details in the freshly approved FDI policy are likely
to fall in place over a few months.
EBay testing same – day Delivery Via ‘eBay Now’ Mobile App
EBay
Inc is testing the latest mobile application eBay now for a same-day delivery
service. EBay Inc is the US-based multinational Internet Corporation which
manages the popular online auction and shopping website, ebay.com.
EBay
has launched the same-day delivery service to some of its member retailers
including Target, Best buy and toys us.
This
unique application offers to deliver in merely an hour at the minimum. Several
leading global retailers like Macys, Nordstrom, Walgreen, Crate & Barrel
and Frye’s Electronics are actively taking part in the eBay now test, and have
uploaded their stores inventory onto eBay’s online marketplace.
The
mobile application can be downloaded on mobile devices such as Apple’s iPhone
and iPad. The app can also be used to search for products to buy from local
stores in and around the San Francisco area. Through this app, shoppers can
locate their product in any of the stores, press on the Bring it button, and
the order will be directed to the closest courier. The customers can pay via
PayPal here, a new and innovative service developed by eBay’s PayPal unit. This
feature accepts credit and debit card payments through a small swipe device
attached to iPhones. Sellers will get user pages with the same view of their
products.
Social Media holds the
Future of Retail
With
ever growing competition along with the emergence of new brands and product
launches, consumers are now looking for new options every day. This means that
today, retailers, brands and companies face some of the most arduous hindrances
ever experienced in the industry. From an elementary change in the way
consumers shop, to the critically increased expectations of quality service and
price, it has became increasingly important for brands and marketers to create
an experience for consumers rather than just fostering the aspect of one time
purchases. Yashraj Vakil, CEO, Red Digital, explains the change in the retail
industry with the increasing usage of social media tool.
Innovation
is the key to such a phenomenon. Social media has created ample opportunities
for brands via Face book, Twitter, Foursquare, Blogs and various other
platforms. However even these spaces cannot escape the wrath of advertising.
“Retailers do not only have to
think about expanding consumer touch-points to achieve revolutionary excellence
in marketing, but also need to transform operations by creatively deploying
today’s technologies to increase sales, improve customer retention and reduce
costs in order to rise above competition”.
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