Future Bazaar India Limited, a subsidiary of Pantaloon Retail (India) Limited, launched its practical(prenominal) retail initiative futurebazaar.com here on Tuesday. Leveraging the time-tested and tested brick and click strategy, futurebazaar.com is the only e-commerce portal with a firm offline presence, quite different from the current e-commerce players who have adopted a marketplace model. Backed by our end-to-end supply chain and the efficacy to source nearly a million products, our economy of overcome gives the customers the lowest prices, Sankarson Banerjee, chief executive officer of Future Bazaar, told mediapersons. futurebazaar.com soon has on offer the widest choice of app atomic number 18l, books, cameras, consumer durables, home decor and entertainment, kitchen appliances, lively phones, watches and accessories, among others, with guaranteed manufacturers warranty on all products and door delivery. It also offers customers the expertness to return unconditionally within 15 days articles if they are not satisfied. The portal delivers to more than 1,500-plus cities and towns.
Around 5,000 products under 185 categories and sub-categories are currently listed on the portal, and lots more are cosmos added everyday, Banerjee verbalize, adding that the portal at present was witnessing just about 40,000 hits per day with a conversion rate of 1 per cent. On the logistics front, he said that the company was operating in a multi-logistic mode -- via its braggart(a) Bazaar chain and standard logistics like Blue blast and Gati. The online retail business in India is currently pegged at around Rs 180 crore a year, and we are targeting to garner Rs 300 crore in the first year of operations, he added. If you want to get a full essay, order it on our website:
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