ShopClues news and archive

ShopClues to merge with Singapore’s Qoo10 Pte

E-commerce company ShopClues has merged with Singapore-based Qoo10 Pte, a leading ecommerce platform in South East Asia to expand into other Asian countries. The company services small and medium enterprises via its localised online marketplaces in Singapore, Indonesia, Malaysia, China, Hong Kong. This partnership presents new strategic...

Retail

ShopClues to sell Miniso’s products, move to boost retail in small towns

E-commerce platform ShopClues will use its tie up with Japanese-themed value lifestyle brand Miniso to increase sales and expand into Tier III and IV locations. ShopClues will now sell Miniso products on its multi-brand e-commerce platform following a partnership between the two businesses. ShopClues will retail products from five of Miniso’s...

Retail

Shopclues increases offline presence, will open stores across India

With online sales slowing down, Shopclues now plans to increase its offline footprint in India. The plan is to open around 100 franchise stores in the fiscal 2019-20 spread across Tier II and III cities of West Bengal, Orissa, UP, Bihar, Assam, Meghalaya, and Sikkim. The Gurgaon-based company entered the offline market last year. There are...

Retail

Now ShopClues to sell global brands online

ShopClues has launched an online store that specialises in global brands in categories including fashion, accessories, and home décor. The store spans 117 product categories and has value-for-money offerings. It will bring in freshness and excitement to the product catalogue, with an interesting range of products that are not seen usually in the...

Retail

Online market places gear up for upcoming festive sales

As per a report by research firm RedSeer, about 20 million people are expected to shop on various e-commerce platforms during the festive sale next month, translating into sales worth 3 billion dollars for players like Amazon and Flipkart. Walmart-backed Flipkart will commence 'The Big Billion Days' (TBBD) festive sale from October 10, 2018. The...

Retail

ShopClues launches fashion brand for women called Code Yellow

ShopClues, the e-com major has launched a fashion label for women ‘Code Yellow’. The new brand offers western wear, watches and eyewear. With Code Yellow, ShopClues is looking to tap the Tier II and III markets by catering to the aspirational Indian woman segment for growth. ShopClues entered the private labels space last year with the launch of...

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Business

ShopClues hopes to turn profitable in another 12-18 months

ShopClues’ revenues grew 60 per cent this fiscal compared to the previous year. Losses have are down almost 40 per cent. The eretailer is focusing on pushing its business in fashion and strengthening its position in Tier III cities and beyond. The Gurgaon-based company, which competes with the likes of Flipkart and Amazon, is also confident of...

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Business

IPO on the cards for Lenskart and ShopClues

Ronnie Screwvala, who holds stakes in Lenskart and ShopClues, says in next two years both the e-commerce firms Lenskart and ShopClues may go for Initial Public Offering (IPO). Meanwhile, Lenskart, an eyewear products seller, which is expected to clock Rs 600 crore revenues this year may get into operational profits from this month onwards....

Retail

ShopClues sharpens focus on fashion, to launch exclusive brands

Presently, India’s apparel and lifestyle market is a 92 billion dollars industry. However, according to recent reports, only 2 per cent of that is currently online. This is the fastest growing category and reaches 24 per cent of online consumers in India. So, Shopclues has exponentially scaled up our offerings in this category including...

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Business

Pushed back by demonetisation, ShopClues defers its IPO plan

Blaming the government's scrapping of high-value bank notes for its decision, internet marketplace ShopClues has deferred its plans for a public listing of its shares to 2018. After it raised money a year ago, the company had declared that it would file for an initial public offering (IPO) of its shares on Nasdaq by September 2017. Now it is...

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Business

Pushed back by demonetisation, ShopClues defers its IPO plan

Retail

ShopClues promotes artisans online

ShopClues will feature handloom products in the lifestyle, home furnishing and decor categories. The move will boost ShopClues’ collection of ethnic and regionalized artistic products such as Kancheepuram silk saris, Mangalgiri cotton dresses, Balarampuram dhotis, Tanjore silk, Banarasi silk, Polavaram cotton saris and jamdsilk saris and many...