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0:02 Introduction about the company
In this video we will learn about Future Retail Share Latest News !! Q2 will be profitable for Future Retail. Deal updates from SIAC.
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About 30-35% of our customers have moved online: CEO
While the second wave of the pandemic and the delay in getting approvals for the deal with Reliance Retail have impacted Future Group’s Big Bazaar, the company’s focus on online sales has kept the lights on for the cash-strapped retail company.
“Early trends show that close to 30-35 per cent of our customers have moved online. The frequency of buying has gone up to three times a month on the digital platform, compared to once in a month at our offline stores. About 20-30 per cent of customers online are our new shoppers,” Sadashiv Nayak, CEO, Big Bazaar, told BusinessLine.
Awaiting clarity on deal
Even as the retail company is awaiting clarity on the fate of the Reliance deal, Big Bazaar has started innovative solutions like two-hours-delivery. According to sources, the company is expanding its digital team and has hired multiple tech executives.
The company has also reduced the inventory cycle churn from a month earlier, to a week now. This, according to Nayak, helped maintain the cash flow with minimal burn on perishables and other FMCGs.
“We used technology, data and changed the attitude of the team members so that the momentum doesn’t break. Though there were a few brands that wanted upfront money, we folded our hands and took those brands off our shelves. These were smaller regional brands, which didn’t affect our sales much,” he said.
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01:06 - Fundamentals of the stock
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3. https://www.bseindia.com/
4. https://www.moneycontrol.com/
5. https://www.economictimes.com/
03:06 - Technicals Analysis of the stock
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a) Long Term Investors, they will learn about - Investments ideas India, Why its share price is going up down? Breaking News India Stock Market.
b) Beginners in stock market, they will learn about - Basics of share market for beginners, basics of trading stocks, basics of investing in stocks, basics of trading, basics of stocks, day trading for beginners.
06:06 - Our Recomendation
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