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Reliance Retail, Vishal Retail, Subhiksha to launch online shopping portals

Reliance Retail, RPG Cellcom, Tata Woolworths, Vishal Retail, Subhiksha and Spinach are planning to launch their online shopping portals. R Subramanian, MD, Subhiksha, has said, “We are investing Rs 12 crore into this (online retailing) venture and expect 3-4 per cent of total business coming from online.”

Reliance Retail, RPG Cellcom, Tata Woolworths, Vishal Retail, Subhiksha and Spinach are planning to launch their online shopping portals. R Subramanian, MD, Subhiksha, has said, “We are investing Rs 12 crore into this (online retailing) venture and expect 3-4 per cent of total business coming from online.”

Ramesh Chandra Agarwal, MD, Vishal Retail, has said, “We plan to launch our online shopping portal in the next 4-5 months, and have already appointed a person to head the new venture.” According to Agarwal, prices on Vishal Retail’s online portal will be 5-15 per cent lower than what a consumer pays in the company’s offline stores.

Mumbai-based Spinach is planning to offer its online customers a virtual shopping experience where they can get a feel of moving around in a mall, and can click on the items they want to buy. Pushpamitra Das, CEO, Spinach, has said, “There is big business in online retailing and it’s still untapped in India.” [Source: Economic Times]

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