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Similar to the QR stickers used for Paytm app, Paytm Mall QR codes will be unique for each retailer. Customers will be able to scan the code using their smartphones and get access to the store’s inventory online. Amit Sinha, chief operating officer at Paytm Mall in a statement said: Vast majority of commerce in our country is still conducted offline and within an ecosystem of trusted local merchants, influencers, and consumers. We look forward to help shopkeepers expand their reach and empower millions of trusted small store owners across the country. Our vision is to empower and enable trusted local sellers and become a part of mainstream ecommerce. In the coming months, the company is also planning to launch door-step delivery from local stores. In a statement, the company said: It will boost the business of local shops by bringing new customers who will be able to discover them on Paytm Mall and conveniently place an order. Retailers also get access to valuable customer analytics for better targeting of existing users. While retailers get access to valuable customer analytics for better targeting of existing users, the brands can balance their offline and online channels. Launched as an exclusive mobile app and web portal earlier this year, Paytm Mall is the revamped version of Paytm’s online retail business. It was demerged into a separate entity by the name of Paytm E-Commerce Pvt.
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Ascena Group, Owner of Maurices, May Close 250 Stores DULUTH, Minn.-The Ascena Retail Group, which owns multiple retail outlet including the Duluth-based Maurices, has announced they will be closing 250 stores in the near future. Currently there are 4,850 retail stores owned by Ascena, with a thousand of them being Maurices. Other stores in their portfolio include Dress Barn, Catherine’s, and Lane Bryant. Representatives from the company told us sales were down about $100 million this past quarter, compared to last year. They are also projecting an eight percent sales drop next quarter. It is possible these drops in sales could lead to another 400 stores closing, other than the initial 250. Despite all this, Acsena still turned a profit last quarter of about $9.6 million. Plans are also in the works to renegotiate some of their stores leases which could also save the business money. “We expect these factors will remain major headwinds for the foreseeable future and reflect an accelerated shift to consumer demand toward e-commerce,” said David Jaffe, CEO of Acsena Retail Group, in a conference call with investors yesterday. “Responding to the shift requires fundamental changes in retail operating model, and we’ve made significant progress toward transforming our business to compete in this new environment. Make no mistake, we were very disappointment with our performance for the quarter, and we must accelerate our transformation and improve execution across our portfolio.” In January of this year, Maurices eliminated 165 positions across the country including 25 corporate positions in Duluth.
I’m sentimental about it, too. My adored cousin Giovanna, who died of breast cancer seven years ago, loved Chanel handbags and always swore that one day she’d buy one, but she never managed it. When I bought mine, I visited her in the cemetery and said: ‘Look what I’ve got — this is for us!’ She’d be thrilled, but so jealous! My fiancé, James, can’t understand my obsession. I don’t think he’d realised how many bags I had until I displayed them in their own room. But, even then, he was pleased because I do consultancy work for his luxury pawn-broking business, Prestige Pawnbrokers, and if someone brings in a designer bag, I know my stuff. When I look at my bags, I remember all the lovely stories behind each one. For example, I bought my Gucci baby bag while shopping with Shirley Bassey in Cannes about 15 years ago. I got talking to her in the hairdresser’s and at first I had no idea who she was because she had her head in the sink. When she sat up, I couldn’t believe my eyes.
is a part of The Raymond Group and has been in the Personal Grooming and Toiletries industry since 1964. The company boasts of rich consumer brands like Park Avenue and Premium. Our profound experience in this industry has also helped us create some of the finest gifting solutions. The Park Avenue range includes Fragrances, Body Care Solutions, Shaving Systems and Hair Care Solutions for the styling needs of today’s man. Over the years, the Park Avenue range of Personal Care and Grooming products have earned a reputation for being amongst the best in the industry. Commenting on the win Sanjeev Jasani, Head, Digital - Cheil India, said, “We are really excited to be working with one of India’s most reputed FMCG brands like JK Helene Curtis and look forward to creating some great technologically driven creative campaigns. We are aware that brand’s target audience is mostly on digital and thus we will work together to create interesting campaigns that will strike a chord with the consumer. We are confident, over time; this will surely help in influencing the consumer’s preference and buying behavior.” On the partnership, Vinod Salvi, Business Director, JK Helene Curtis, said, “There is no denying digital anymore.
