A one-stop shop for kids, Toonz Retail records Rs 100 Cr turnover with 100 stores across India in nine years

| April 4, 2019

article image
Shopping for a child is often tedious, especially if it means carting your children from one shop to another. At the end of the shopping spree, nerves are frayed, and the entire family is left in a bad mood.Though ecommerce marketplaces and malls have brought about more convenience, there is nothing like visiting one store and finding everything your child needs right there.Understanding this gap, Sharad Venkta and Ankur Agarwal founded Toonz Retail in the year 2010 in Bengaluru, to help parents find everything they need for their children under one roof.

Spotlight

Gumption Labs

Fundexpert.in : If you are unable to monitor your investments due to lack of time, knowledge or do not have access to Quality Advisory, then FundExpert is what you need. FundExpert.in automates the entire investment monitoring process through algorithms and makes it hassle free, and more rewarding for the investors. It is completely personalized, unbiased, continuous, and affordable.

OTHER ARTICLES

How is coronavirus impacting the retail industry?

Article | March 19, 2020

Primark is one of the latest retailers to announce the temporary closure of some of its stores, in a bid to help stop the spread of coronavirus. It has closed outlets in Italy, France, Spain, and Austria (where 30% of its revenue is generated), while its UK and Northern Ireland stores at the time of publication at least remain (perhaps controversially) open. Primark is certainly not the only one to take this kind of action. Global retailers including Glossier, Nike, Urban Outfitters, and Patagonia have all indefinitely shut their stores, purely to help prevent further outbreak. In the majority of cases, employees are being paid for lost shifts. At the same time, retailers have also updated working policies to help ease the strain on staff. Starbucks, for example, has announced that it is implementing ‘catastrophe pay’ to US employees, meaning that it will now pay staff for up to 14 days if they have been diagnosed or in close contact with someone who has coronavirus.

Read More

How SMEs can emulate the success of Amazon through ecommerce personalization

Article | February 10, 2020

Whatever your feelings are towards Amazon, there is no denying that they have revolutionised ecommerce and now set the bar for the personalised experience of users when it comes to online shopping. So much so that it was recently reported that they have more than a 30% share of the UK’s ecommerce market. With statistics like this, it may feel like it is impossible to compete, especially as Amazon has huge tech and marketing budgets at its disposal. However, all is not lost. It is possible for SMEs to learn from the forerunner and implement some of their most successful techniques, with regards to their use of ecommerce personalisation and AI, to increase sales cost effectively.

Read More

How to Boost Donations Through Online Point-of-Sale Fundraising

Article | February 17, 2020

According to data firm Statista’s most recent e-commerce outlook, Americans will spend over $1,500 online each over the next 12 months. Moreover, that number is expected to surge even higher as Americans opt to do their holiday shopping online rather than wind their way through those infamous, in-store holiday crowds. If your nonprofit is able to turn that online shopping activity into a fundraising stream, there’s massive potential to boost donations. And the good news is that it’s not incredibly difficult to get started. Below, we’ll walk through how you can get your organization set up to accept these donations during your community’s online point-of-sale moments. First, however, we’ll explore the overall value of point-of-sale fundraising and why you need to consider it as a viable strategy for your nonprofit.

Read More

Retail supply chains will be held liable for price gouging

Article | March 22, 2020

Texas Attorney General Ken Paxton today issued a stern warning to retail suppliers, including those who supply grocery stores and pharmacies, that state law strictly prohibits price gouging in the wake of a declared disaster. Price gouging laws apply to any person or entity selling necessities at an exorbitant or excessive price after a disaster has been declared by the Governor or President. This prohibition includes those who supply retailers. Under the Texas Deceptive Trade Practices Act, any price-gougers may be required to reimburse consumers and may be held liable for civil penalties of up to $10,000 per violation with an additional penalty of up to $250,000 if the affected consumers are elderly.

Read More

Spotlight

Gumption Labs

Fundexpert.in : If you are unable to monitor your investments due to lack of time, knowledge or do not have access to Quality Advisory, then FundExpert is what you need. FundExpert.in automates the entire investment monitoring process through algorithms and makes it hassle free, and more rewarding for the investors. It is completely personalized, unbiased, continuous, and affordable.

Events