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Tuesday, February 19, 2013

India’s 0.1% Online Market has VCs Seeking New Facebook

Indian shoppers shy away from credit cards, demand hefty discounts, and occasionally never pay up for online purchases. An unreliable postal system also means Web retailers have to bear the costs of funding an army of delivery personnel.

Online sales account for about 0.1 percent of India’s retail market, compared to 3.8 percent in China and 8 percent in the U.S., according New Delhi-based consultancy Technopak Advisors Pvt.

Tiger, Accel and others see that as an opportunity.

Source: India’s 0.1% Online Market has VCs Seeking New Facebook - Bloomberg

Monday, February 18, 2013

Google Retail Stores Could Be On the Way

A company moving a store from the web to the real world can sometimes be a step backward. But for Google I think it could work beautifully. Before customers lay down significant stacks of cash for a new gadget, they probably want to get their hands on the products first.

Physically experiencing something before you buy it can be important if you're picky about a feature (like me with keyboards), or if you just want to see if the product is what you're expecting before you buy it. It can also help potential customers get a fundamental understanding of what a new product is. This can be particularly helpful for Google when it launches Glass, its move into the world of wearable computing.

Source: Google Retail Stores Could Be On the Way [REPORT]

Wednesday, February 13, 2013

Amazon asks India to relax e-commerce law

U.S. e-commerce giant Amazon said it had asked the Indian government to consider relaxing an online retail law that currently forbids its Indian subsidiary, Junglee.com, from selling directly to customers.

Amazon's global vice president, Paul Misener, had met Indian Trade Minister Anand Sharma in New Delhi, India, Tuesday to discuss the issue, AFP reported Wednesday.

"We talked about [ending the ban on direct sales to customers]," Misener said. Amazon is "trying to find a better way to serve our Indian customers, both sellers and buyers", he added.

Source: Amazon asks India to relax e-commerce law | ZDNet

Friday, February 1, 2013

The No. 1 Mistake Retail Brands Make with Twitter

Obviously, Twitter is a very popular and powerful platform. So with all this popularity and power going for it, can anyone tell me why, despite the fact that 90% of the top 50 retailers have a presence on Twitter, only a mere 29% use it to actively engage with consumers?

What's even more head-scratching is the fact that while fewer of the top 50 brands use Instagram and Pinterest -- 42% and 60%, respectively -- they are much more engaged on these sites. Of the 42% who have an Instagram account, 80% of them are actively engaged. As for Pinterest, of the 60% with a presence on the platform, 70% are actively engaged.

What in the world is going on here?

Source: The No. 1 Mistake Retail Brands Make with Twitter | Social Media Today