Home / Knowledge / News / Apparel/Garments / Online retail the flavour of 2015
Online retail the flavour of 2015
28
Dec '15
In the world of retail, 2015 will be largely remembered for the likes of Flipkart and Snapdeal forcing the Ambanis and Birlas' supermarket chains to join the e-commerce rat race. While most e-commerce have a dubious business model that has meant no profits for any e-commerce players, Reliance Industries and the Aditya Birla Group have decided to launch the own online retail business.

Online retail was flavour of the year and e-commerce provided a big opportunity to retailers. Most retailers either began selling their product themselves or through a tie-up with a e-commerce players. By one estimate, more than 60 per cent of the brick and mortar retailers have developed their e-commerce capabilities, exemplified by retail chain Shoppers Stop tying up with Snapdeal and Amazon besides revamping its own website to increase its online sales.

Aditya Birla Group launched its e-commerce portal for apparel, abof.com as a one-stop fashion portal for apparel, footwear and accessories for men and women.

“With abof.com, we aim to offer a wide but curated range of merchandise and a differentiated shopping experience that can compete with the best in the world. We see abof emerging as the most admired player in online fashion within the next three years. … We see the potential to build another billion-dollar business of the Group in this space,” said Aditya Birla Group Chairman Kumar Mangalam Birla.

The Birla Group also merged all its apparel businesses from Aditya Birla Nuvo and Madura Garments Lifestyle Retail into one entity -- Pantaloons Fashion & Retail, which was later renamed as Aditya Birla Fashion and Retail Ltd while it fortified its traditional stronghold through consolidation, acquiring Jubilant Industries' hypermarket business.

In October, Mukesh Ambani, the country's richest man, announced that Reliance Industries would launch its e-commerce portal for electronics and fashion goods by the end of this year.

“Reliance Retail 2.0 initiatives encompassing fashion and lifestyle e-commerce, development of marketplace platform and building distribution ecosystem for Jio devices are on track and gearing up for rollout in a staged manner,” RIL said while announcing its earnings for July-September 2015.

RIL plans to launch its e-commerce platforms with 150,000 vendors. In comparison, Flipkart has only around 40,000 sellers on its platform and Snapdeal, around 200,000 vendors.

Indian textile major Arvind Ltd also wants to join the e-commerce bandwagon. It plans to start its online retail sales with two women's in-house fashion labels, Shuffle and Prime.

Spencer's Retail has acquired online grocery firm Omnipresent Retail India, which operates Meragrocer.com, to venture into fast growing e-commerce space.

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search