Rakesh Biyani

Type: Person
Name: Rakesh Biyani
First reported 39 mins ago - Updated 39 mins ago - 1 reports

IRF'14: The Golden Age of Retail

The third session on the day one of India Retail Forum 2014 was focusing on unlocking the potential of Indian retail and ushering in the next retail renaissance. The session was held by B.S. Nagesh, Founder, TRRAIN who commenced the discussion saying ... [Published India Retailing - 39 mins ago]
First reported 5 hours ago - Updated 3 hours ago - 2 reports

E-Zone’s e-commerce push by month-end: Future Retail

Omnichannel involves selling products through multiple platforms like mobiles, online and brick and mortar stores.Mumbai: Future Retail Ltd. on Wednesday said it will be introducing an online platform ‘omnichannel’ for its electronics store e-Zone in ... [Published Livemint.com - 3 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Online, physical retailers say they can co-exist: Kunal Bahl

Many e-commerce and physical retailers, at the annual India Retail Forum meet, said both categories can co-exist.A day after he signed an agreement with Tata-run Croma, Kunal Bahl, co-founder and chief executive of Snapdeal, said the e-commerce portal ... [Published Business Standard India - 7 hours ago]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Retailers may get foreign portfolio investor boost

The National Democratic Alliance (NDA), which is opposed to foreign direct investment (FDI) in supermarkets and department stores, or so-called multi-brand retail, is considering allowing foreign portfolio investors to own even a majority stake in retail ... [Published Hindustan Times - Sep 10 2014]
First reported Sep 05 2014 - Updated Sep 05 2014 - 1 reports

Future Group to invest in omni-channel retail by hybris

(India) Future Group, one of the top retail groups in India, has planned to invest in omni-channel retailing, by implementing the omni-commerce suite by hybris, a company owned by SAP.Omni-channel retailing, the next step in multi-channel retailing, is ... [Published Fibre 2 Fashion - Sep 05 2014]
First reported Sep 03 2014 - Updated Sep 04 2014 - 5 reports

Future looks to double share of consumer basket; eyes 6 to 9 pc revenue growth with omni-channel push

Retail major Future Group is embarking on an omni-channel push to double its share of the consumer basket from the current 20 to 30 per cent, to 60 per cent. The retailer announced a tie up with SAP company Hybris for the same, and is eyeing a 6 to 9 ... [Published Campaign India - Sep 04 2014]

Quotes

"we will introduce omnichannel to e-zone by this month-end through which we sell electronic products like cellphones and television sets as people mostly buy these items during the festive season for gifting purpose" Future Retail Joint Managing Director Rakesh Biyani told PTI here
Rakesh Biyani, joint MD, Future Retail, said, "we’re only able to cater to 20 to 30 per cent of what the consumer really consumes, today. we’d like to be responsible for 60 per cent of that basket. we’re hoping to at least cater to 10 percent of our common customer base which would chalk outout to a phenomenal number to be serviced."
"we are hopeful of achieving 15-20 per cent of our business coming from this new channel alone" Biyani added. By March next year all its existing products and brands will be made available for sale online, the junior Biyani added
...6-9 percent from the existing physical channel over the next 2 years and is expected to substantially increase revenue from the digital platform. "there are no estimates made for the digital platform but this online option will generate substantially high revenues in coming months" said Rakesh Biyani

More Content

All (14) | News (13) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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IRF'14: The Golden Age of Retail [Published India Retailing - 39 mins ago]
E-Zone’s e-commerce push by month-end: Future R... [Published Livemint.com - 3 hours ago]
E-zone's e-commerce push by month-end: Future R... [Published Business Standard India - 5 hours ago]
Online, physical retailers say they can co-exis... [Published Business Standard India - 7 hours ago]
Retailers may get foreign portfolio investor boost [Published Hindustan Times - Sep 10 2014]
Retailers  may get foreign portfolio investor b... [Published Livemint.com - Sep 09 2014]
Future Group to invest in omni-channel retail b... [Published Fibre 2 Fashion - Sep 05 2014]
Future Group to adopt an omni-commerce strategy... [Published Media Nama - Sep 04 2014]
Future looks to double share of consumer basket... [Published Campaign India - Sep 04 2014]
Biyani combines e-tail, retail in futuristic move [Published Financial Express - Sep 03 2014]
Future Group to invest Rs100 crore in omni chan... [Published Livemint.com - Sep 03 2014]
Future Group targets 20 pc revenue from online ... [Published Business Standard India - Sep 03 2014]
Future Group in pact with SAP company hybris fo... [Published Business Standard India - Sep 03 2014]
Fact Sheet for Pantaloon Retail (India) Limited [Published Silobreaker - Aug 02 2009]
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