According to ASSOCHAM, online sales are expected to touch Rs 10,000 crore mark growing by around 350 percent over last year. What are brick and mortal stores doing and how are they handling this challenge? Storyboard's Pavni Mittal discusses this with Infinity Retail‘s Ajit Joshi and Madhumita Dutta of Raymond.
This was a good year for Infiniti Retail and we are positive that double-digit growth will continue next year as well.
The country is likely to attract foreign direct investment (FDI) to the tune of USD 2.5-3 billion in the next five years if the decision to allow 51 percent foreign stake in multi-brand retail is implemented, a top official of rating agency CRISIL said here today.
Riding high on the growing demand for its private labels, Infiniti Retail, that operates a chain of multi-brand electronics stores under 'Croma', eyes revenues of Rs 250 crore from its own brands and expects to breakeven in the current fiscal.