Credits : bloombergquint.com

Zomato is slashing delivery of groceries as it prepares to leave the business almost five months after launch due to poor response and a gradual resumption of its main food delivery. Zomato Market will continue to operate and provide services to users who require on-demand delivery of essential products, a company spokesperson told BloombergQuint in an email response.

The company said it now wants to focus on its core business as the food distribution market is discounted. The online food ordering and unicorn delivery that launched Zomato Market in April after the country entered a full lockdown as people stayed at home, but demand for grocery delivery declined in May.
Since the lockdown restrictions were relaxed, Swiggy and Zomato have seen their grocery business decline. Swiggy, who had also aggressively grown their grocery business, also cut it down in a few of the smaller markets after restrictions were eased, a person familiar with the matter said on condition of anonymity. Swiggy, however, continues to focus on the grocery business and occupies a prominent place in the Top 100 Cities.

Zomato is leaving cities where there has been no demand or muted demand in recent weeks, the person quoted earlier said. Zomato, backed by Ant Financial, will however continue to operate in the top 15 cities, the second person said, adding that the company will exit those markets as demand dies down. The company, however, has ended partnerships and the integration of local grocery stores in all markets.

The online grocery market is already a highly competitive place with big players like Big Basket, Reliance Retail Limited and Amazon India and is already fighting for a big pie. Zomato’s foray is expected to be pitted against rival Swiggy, who has implemented a subscription-based grocery model in the past 12 months. The Ken first reported in June that Zomato was looking to turn around in the grocery business.

“It was expected and although it is a highly competitive category, it took a long time to build a vertical grocery store,” said Satish Meena, senior forecasting analyst at Forrester Research.

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credits : financialexpress.com

Local payment gateway Paytm has expanded its services and made it easier for companies to collect payments through various methods. Called “Paytm Subscriptions”, the subscription service for businesses will allow them to collect payments from their users through flexible payment methods such as Paytm Wallet, UPI or cards, the company said in a statement Tuesday. Subscribers and customers can choose and pay for themselves through their preferred payment option. Additionally, customers can make periodic payments for subscription-based services. While Paytm previously launched the subscription-based recurring payments feature, it has been limited to card and bank account transactions to this day and has now been extended to UPI as well.

The payment gateway will also be equipped with features such as pre-debit notifications, smart attempts, smart routing between multiple bank gateways, card expiration notifications, and smart error code management to ease the process of payment. The company now expects to attract more than 1,000 businesses over the next six months, as it has already integrated several leading online platforms such as Zee5, Disney +, Epic On, JioSaavan and Gaana among others.

Meanwhile, Paytm’s e-commerce subsidiary, Paytm Mall, recently suffered a massive data breach after a group of hackers attacked it. The group of attackers called John Wick demands a ransom in exchange for the data. The group was able to get unrestricted access to all its databases (Paytm Mall), a US cyber risk intelligence platform Cyble said in a report posted on its blog on Sunday.

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Credits : cnbctv18.com

Mobile phone retailers have urged phone companies to give them a level playing field by offering the same treatment as large e-commerce companies such as Amazon and Flipkart in the upcoming holiday season.

Stating that online sellers get a much better deal than physical stores during the holiday season, the Indian Mobile Retailers Association (AIMRA) said around 1.5 lakh of small businesses would struggle to keep up, if the practice continues.

“The large discounts and predatory prices offered on Flipkart Big Billion Day and Amazon Great Indian Festival are destroying the core business with the support of mobile operators.

Retailers do not receive such offers. This discriminatory approach ruins Diwali for retailers, ”AIMRA President Arvinder Khurana told PTI.

He said the Association wrote to mobile device makers about it and if their concerns are not addressed, retailers would be forced to sell models at prices offered by e-commerce platforms to keep their businesses alive and charge the difference amount to the distributors.

“This year, given the suffering of retailers due to COVID and the economic crisis, we ask you to be a little more understanding and refrain from giving out such offers which devastate our business and disrupt the market sentiments.” AIMRA said in a letter to mobile phone companies. The trade body representing 1.5 lakh of mobile retailers also alleged that several companies are not offering their latest models to offline retailers.

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Credits : financialexpress.com

Zomato, a 12-year-old start-up founded by Deepinder Goyal that started out as a weekend project during the days of university, is now heading for an IPO. Announcing $100 million in new funding from Tiger Global on Thursday, even as companies continue to be hit by the coronavirus, Zomato is now looking to raise $600 million before the public issue kicks off in 2021.

Right before its opening public, Zomato also appears to close a $30 million share sale for its former employees, which is expected to be one of the biggest ESOP liquidity events in India. Here’s a look at how far Zomato has come since the days when its founder launched the idea.
“It was towards the end of my five years at IIT that I ordered a Domino’s pizza and at that point you had to call for placing an order. So while I was in college I started a food ordering business, but it didn’t work. It was too early, ”Zomato co-founder Deepinder Goyal said in a live Twitter chat in July. However, Deepinder Goyal later gave up on the idea of joining the corporate world. While at Bain and Co, he realized there was a need in the market for a food listing platform. What started out as a weekend project has grown into the online food ordering giant we know now.
Over the next 12 years, Foodiebay, which was the initial company name, was renamed Zomato; and in 2010, raised angel investments. Two years later, in 2012, Zomato went international with a debut in the United Arab Emirates market. In 2015, Zomato launched food delivery and in January 2020 it acquired UberEats.
This, along with many other milestones along the way, resulted in a startup, currently worth $3 billion with a presence in 24 countries. In fiscal 2020, Zomato doubled its revenue to $394 million. As the coronavirus has affected his business, founder Deepinder Goyal is convinced it is simply a “problem” on the company’s path in the next 100 years.

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Credits : professionaljeweller.com

Resembling strength, courage, power, wisdom and nobility the lion’s head is found in many Gucci collections, such as ready-to-wear prints, Gucci Décor, and crafted in house jewelry creations, from fashion pieces in silver to a new collection of high jewelry.

For the new Lion Head fine jewelry collection, the majestic creature is cast in 18k white and yellow gold in earrings, pendant necklaces, rings and bracelets set with diamonds and colored gemstones.

In each case, the lion’s head is the focal point, with diamonds used for the creature’s eyes and colorful gems on its teeth.

Gucci’s lion head and many other animal motifs symbolize the House’s commitment to protecting the natural world.

Gucci joined “The Lion’s Share Fund” in February 2020. It is a unique initiative that raises much-needed funds to address the nature, biodiversity and climate crisis around the world.

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Credits : primefeed.in

Big Market Research is one of the largest market research companies to announce a groundbreaking report on the Maternal and Child Care Products market. The report contains vital market information that will help customers make the right decisions. The report also analyzes the current and past performance of the market with key market events that help market players and end-users to estimate future developments in the global market.

The Baby and Mother Care Products market research report presents a comprehensive assessment of the market and contains detailed information, facts, historical data, and projections, along with validated market data by the industry with an appropriate set of assumptions and methodology.

The major key players involved in the maternal and child care products industry are:
1. Procter & Gamble2. Handi-Craft, Medela3. Pigeon Corporation3. Avents Holdings4. Munchkin5. Bonny Baby Care6. Philips7. Ameda8. Artsana9. Kimberly-Clark Corporation10. Reckitt Benckiser11. Haberman Products12. Sinya Industrial13. Linco Baby Merchandise Works14. Kids II15. Humana Baby16. Regal Baby Care Product Manufacturing17. Nurture-Elle Nursing Clothing18. Johnson & Johnson19. Himalaya Drug Company20. Lioncel Baby Bain

A good understanding of baby and maternal care product market dynamics and their interrelationships helps in assessing the performance of the industry. Growth and revenue patterns can be examined and businesses can make new strategic decisions to avoid obstacles and roadblocks. It could also help to change the models by which the market will generate income. The analysis includes an assessment of the production chain, supply chain, end user preferences, associated industries, availability of adequate resources and other clues to help generate income.
The global “Maternal and Child Care Products Market” is presented to the readers as a holistic snapshot of the competitive landscape during the given forecast period. It presents a detailed benchmarking analysis of all regional segments and players, giving readers a better understanding of areas where they can place their existing resources and gauging the priority of a particular region to improve their position in the global market.

The report offers a comprehensive geographical analysis of the “Global Baby and Mother Care Products Market”, covering important regions such as: North America, Europe, China, Japan, Southeast Asia, India and Central and South America. It also covers key countries (regions), namely USA, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia and the Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, United Arab Emirates, etc.
The global market for maternal and child care products is accelerating and companies are beginning to understand the benefits of analytics in today’s very dynamic business environment. The market has seen several major developments in recent years with increasing volumes of business data and the shift from traditional data analytics platforms to self-service business analytics being among the most significant.

By type: Antenatal care, private care, postpartum care, newborn care, infant care, others

By application: Application A, Application B, Application C

For the future period, robust forecasts of market value and volume are provided for each type and application. During the same period, the report also provides detailed analysis of market value and consumption of each region. This knowledge is useful in designing strategies for the future and taking necessary actions. New project investment feasibility analysis and SWOT analysis are provided along with information on industry barriers.

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Credits : socialnews.xyz

For every person, appearance is the most important thing. They want to be beautiful and charming. Cosmetics have become an important part not only in the life of women but also in children. Now children are becoming modern and their way of thinking is changing. They wear light makeup before going to parties and weddings. People want to look attractive because it creates a feeling of confidence inside. People wear makeup in their daily life also on special occasions. Some girls’ love of makeup is beyond words. Cosmetics make a person more beautiful. In the fashion and film industry, people have to wear makeup on a daily basis.
Makeup products cover a wide variety of products. Cosmetics include base makeup, concealer, foundation, highlighter, blush, lipstick, eyeliner, eye shadow palette. Cosmetic products also include skin and hair care products. Nutrition and hydration are essential for our skin because it makes our skin clear and luminous and our hair soft and shiny. People should take care of their skin and hair, because the appearance makes you charming and attractive. Most people prefer to buy makeup products online. There are many websites available. Internet technology has made it easier for people to buy what they want. Next, we’ll see why people buy cosmetics online.
Wide range of varieties:

The main advantage of shopping online is that there is a wide variety of cosmetic products available in online cosmetic stores. Both girls and boys can get what they want. Products of different brands are available. Women can easily go through different products like serums, essential oils, toner, moisturizers, scrubs, face wash, foundation and highlighter and shop according to their needs. Different brands with different prices, features and quality are available online. People just have to be careful and choose the one that works best for them.
Reviews:

Reviews and feedback provide you with additional information about the product. People know the quality, quantity and specifications of the products. Reviews give you clear details about the product. People can give their opinion on the price and quality of the delivery. The authenticity of customer reviews about the product will help you decide whether to buy or not.
Discounts:

During sales and occasions, discounts and combination offers are offered on your favorite brand name cosmetics. Even the free shipping option is offered with a minimum purchase amount. It makes people happy and enthusiastic and they can buy whatever they want.
Convenience:
Buying products online is convenient. It saves you time because you don’t have to leave your place. People can easily browse different items and their information while sitting at home. The main advantage is that you can buy these products online which are not available in the local market.

Cosmetics change the appearance of a person and make them look radiant and beautiful. Cosmetics are a girl’s best friend. Each person tries to appear admirable and to make their appearance an elite for themselves and for others.

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Credits : fibre2fashion.com

UvWise, a Canadian company, is making it easy to find sun protection clothing and accessories for those concerned about their health outdoors due to UV light. Their growing user-friendly online store specializes in providing a wide range of men, women and children UPF (ultraviolet protection factor) clothing for all outdoor needs.

One person per hour dies of melanoma in North America. Ultraviolet rays from the sun can penetrate clouds, fog, and water, contributing to the most common types of cancer in people ages 15 to 29 years. The UVWise online store aims to help people find the right protection to avoid melanoma and other skin conditions.

The UVWise clothing collection includes clothing for all outdoor needs, from the mountain to the beach and from the pool to the golf course. The online store offers men and women T-shirts and pants, as well as trendy hoodies, coats and jackets. There are stylish accessories like hats, sunglasses, and a variety of other products. UVWise also includes UPF clothes and accessories for kids.

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Credits : retail.economictimes.indiatimes.com

Ecommerce companies such as Flipkart, Amazon, Myntra and Ajio have taken forward their Oxenhallen initiative to use store networks from various fashion and lifestyle brands, driven by a size-change epidemic to cater to consumer-orders.  

While this development strengthens the online and offline distribution network, it has in some cases caused conflicts between these stores and the shopping centers in which they are located. Mall owners want these sales to be classified as “in-store” sales and require a share of the revenue.

Brands such as Benetton, Pepe, Jack & Jones, Inglot, US Polo, Tommy Hilfiger, Calvin Klein and Gap are testing or updating their technologies to perform store inventories on these e-commerce platforms, according to companies and sources. Typically, a consumer purchases a product from the e-commerce platform and brand delivers it to the buyer at a nearby store.
“It is a one time investment and not a large amount. It’s more about the company’s intention to change the way it does business” said Manish Kapoor, CEO of Pepe Jeans, which began shipping at the end of August from 15 outlets in Delhi. NCR and Mumbai as part of their pilot with Flipkart. In the coming weeks, Pepe will also extend this pilot to Myntra, Amazon and Ajio.

Myntra said it has integrated more than 700 stores and plans to expand it to 3,000 stores. “Myntra has successfully used the omnichannel model to integrate more than 700 stores from more than 70 brands. We intend to launch more than 150 brands in more than 3,000 department stores and shopping centers over the next six months through omnichannel” Ayyappan Rajagopal, commercial director of Myntra, told ET.

For years, retailers in India have simply talked about omnichannel strategies to seamlessly blend their offerings across online and offline channels without really making much progress on the ground.

However, the pandemic is pushing brands to increase their spending on technology, take advantage of omni-directional channels, and optimize sales from their physical outlets as consumers avoid shopping malls and main streets.

“All of us who work in retail know that omnichannel is the future of retail.” said Nitin Chhabra, CEO of Ace Turtle, an omnichannel facilitation company that has experienced a rebound in commercial applications. “We were the biggest beneficiaries. We signed 19 brands for omnichannel deployments,” Chhabra said.

However, the latest ecommerce execution strategy and omnichannel momentum are creating tensions between fashion brands and some shopping malls.
“Some malls disagree,” said the general manager of a global retailer, who asked not to be named. “We are already paying margins in e-commerce markets, and on top of that there are now revenue sharing challenges with malls to satisfy stores.

“We asked them to formulate a policy on how we can take this into account. Technically, this should be classified as “store sales”. It’s a model we’re working on,” Gehlot said.

Many malls, including Select Citywalk and Pacific Mall in Delhi, have already incorporated revenue sharing for online orders placed at their malls’ stores in new leases. Pacific Mall said management has agreed to reduce brand payments for online order fulfillment compared to normal revenue sharing agreements.

Pepe’s Kapoor said that since omnichannel will be the norm in the future, malls and retailers should agree on the amount of revenue sharing for online orders.

“Six months later, it will be a decent part of everyone’s sales. And this is the time when malls and retailers should sit down and discuss how to say it,” Pepe’s Kapoor said. “There must be a middle way. From a retailer’s perspective, if I bear all the other costs, it must be a different revenue sharing model than I sell in stores.”

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Credits : techrepublic.com

The corona virus pandemic has pushed professionals to adapt to a remote working style. Many people have occasionally worked from home, but the transition to a completely distant working life is surprising. About 32% of professionals said they had never worked from home before COVID-19 situation, according to a Procurify survey.
Telecommuting is an adjustment, but 69% of those surveyed said their business offered no additional perks to ease the transition from working from home. One of the biggest problems is having all the necessary equipment, and only 53% of those polled said their equipment covered the cost of supplies, according to the survey.

With the economy in free fall, professionals are rightfully worried about finances. Working from home means having solid connectivity, a suitable hardware system, and a space to do your work.

However, not all employees automatically have this service, and 41% of respondents said they don’t think they will be reimbursed immediately for their expenses when working from home.

When asked which supplies would be most useful in their home office, respondents cited the following:

  1. A desk to sit / stand 18%
  2. An ergonomic chair 16%
  3. A new computer screen 15%
  4. A headphone 12%
  5. A printer 10%
  6. Laptop stand 9%
  7. A wireless keyboard and mouse 7%

Director of Motley Daniele Lecke, said: “After the transition to quick remote work, employers may be surprised to see that they can use their personal property such as mobile devices and internet connections at home. Whether you like it or not.” Compensating people with the necessary tools or providing those tools is more critical than ever as people particularly need this support during the corona virus crisis, said Jessica Lim, human resources partner at MyPerfectResume.

For companies discussing equipment provision, Lackey outlined a few groups that, in her opinion, were definitely worth reimbursing. She recommended reimbursing team members who earn at or near minimum wage. Additionally, team members who live in California, Illinois, Massachusetts, Iowa, Montana, or Washington, DC must be compensated as those states require reimbursement for business expenses of employees regardless of salary.

“Providing a work from home is especially important after the recent tax reform of the Tax Cuts and Jobs Act, which eliminated the deduction for un-reimbursed labor expenses,” Lackey said.

Lim offered “professional advice” to the companies, suggesting that they select a specific store and a particular make and model of office supplies so that the process would be consistent and fair to all workers.

The organizations suggested by Lim bear the cost of a laptop, an ergonomic office chair (limited budget), a mouse, a laptop stand, an external monitor, an external keyboard and a printer.

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