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News on Medial
Meta is planning to expand physical stores and hire retail workers: Business Insider
Economic Times
·
2m ago
Medial
Meta plans to expand its physical retail presence and hire more retail staff, potentially mirroring Apple's retail success, according to Business Insider. The initiative aims to boost sales of Meta's hardware products, like smart glasses. Currently, Meta has a single physical store in Burlingame, California, which opened in 2022. The strategy focuses on allowing customers to experience Meta's technology firsthand, enhancing appreciation and encouraging word-of-mouth promotion.
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Festive hiring boom: E-commerce, quick commerce set to lead the way
Livemint
·
12m ago
Medial
The upcoming festive season in India is expected to drive an increased demand for gig workers. Quick commerce companies like Zepto and Blinkit, as well as online retailers like Meesho and Amazon, anticipate a spike in demand for various products during the August to December period. These companies are likely to hire up to 20% more workers compared to last year. Other sectors such as consumer durables, FMCG, and BFSI are also expected to see a boost in hiring, albeit at a slower pace. The festive season is the peak recruitment season, with both physical stores and online platforms seeking to capture a larger share of sales through discounts.
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Former Brand Factory CEO Vishnu Prasad’s fashion startup Absolute Brands raises $2.5 Mn
Inc42
·
1y ago
Medial
Fashion and lifestyle startup Absolute Brands has raised $2.5 million in a seed funding round led by Capstone Ventures, with participation from angel investors. The funds will be used to establish offline retail stores for their first brand, Big Hello, and for technological innovation to develop an omnichannel presence. Absolute Brands aims to launch multiple apparel brands to address Indian customers' unmet needs and plans to expand its physical presence to 500 retail stores across India in the next three years. The fashion and apparel market in India is expected to grow to $112 billion by 2030.
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Karnataka proposes raising daily working hours for IT workers
Inshorts
·
1y ago
Medial
The Karnataka government is under fire for planning to extend IT employees' daily working hours from 10 to 14. This has led to protests from IT unions representing 2 million workers, who are calling the proposal "inhuman". Studies show that 45% of IT workers suffer mental health issues and 55% face physical health impacts.
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Meta must face lawsuit claiming it prefers cheaper foreign workers
Economic Times
·
5m ago
Medial
A federal judge ruled that Meta must face a lawsuit alleging it favors cheaper foreign workers over qualified American candidates. Three U.S. citizens claim Meta refused to hire them in preference for visa holders. The judge cited data indicating a significant percentage of Meta's workforce holds H-1B visas, supporting claims of systematic bias. The lawsuit aims to address favoritism towards visa workers prevalent in the tech industry, requiring further enforcement or legislative reform.
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Top Profitable Retail Business Ideas in India 2024
StartupTalky
·
1y ago
Medial
The retail industry in India is experiencing significant growth, contributing 10% to the country's GDP and 8% to employment. India is among the top 5 global retail markets and offers various opportunities for entrepreneurs. Low-investment retail businesses like grocery stores, stationery shops, and fruit stores have high profit margins. Medium-investment businesses such as medical stores, beauty salons, and cake shops require moderate capital. High-investment options like coffee shops, ice cream parlors, and fast-food restaurants offer potential for higher returns. Successful retail businesses require thorough planning, market research, and a customer-centered approach.
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How AI & Data-Backed Insights Are Changing The Pace Of Offline Retail Growth
Inc42
·
1y ago
Medial
The article discusses how data-backed insights and AI technology are revolutionizing the growth of offline retail in India. Despite the rapid growth of online retail, the majority of retail sales still happen offline, with 60% of Indian consumers trusting physical stores more than online platforms. Brands like Lenskart are successfully leveraging offline stores to build trust and increase brand awareness. Data-backed decision making helps in selecting new store locations, reducing risks and improving operational efficiency. The integration of online and offline strategies marks the next era of India's retail growth.
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International business steers FirstCry’s growth ahead of IPO
The Arc Web
·
1y ago
Medial
Pune-based retailer FirstCry is expanding in the Middle East to drive growth and improve profit margins. The company distinguishes itself with physical stores, consumer brands under subsidiary GlobalBees, and a focus on international markets. Revenues reached INR 5,632 crore in FY2023, with contributions from UAE, Saudi Arabia, and GlobalBees. However, investments in these ventures resulted in losses of INR 486 crore in FY2023. FirstCry aims to secure $218 million through its IPO to further expand its retail presence and pursue acquisitions.
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Apple brings Store app to Indian market | TechCrunch
TechCrunch
·
6m ago
Medial
Apple has launched its dedicated Apple Store app in India to enhance its retail presence and capitalize on the growing demand for its products. The app allows customers to purchase Apple products, receive personalized recommendations, customize their Macs, and arrange for deliveries or pickups. This launch follows Apple's opening of its first physical stores in India in 2023 and is part of their strategy to strengthen their foothold in this key market as they expand manufacturing bases outside of China.
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Meta must face lawsuit claiming it prefers foreign workers over US citizens
Economic Times
·
1y ago
Medial
A U.S. appeals court has revived a proposed class action lawsuit by a software engineer who claims that Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, refused to hire him in favor of lower-paid foreign workers. The 9th Circuit Court of Appeals ruled that a law prohibiting discrimination based on alienage also applies to bias against U.S. citizens. This decision could potentially lead to more lawsuits seeking to end discrimination in the tech industry. Meta has denied any wrongdoing and stated that the engineer failed to prove intent to discriminate against U.S. workers.
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IKEA looking for next phase of investment in India, aims profitable growth: CEO Susanne Pulverer
YourStory
·
5m ago
Medial
Swedish furniture retailer Ikea is expanding its presence in India by launching online sales in Delhi-NCR and planning new stores in Gurugram and Noida by 2028. After establishing stores in major cities like Hyderabad, Mumbai, and Bengaluru, Ikea aims for physical presence in Chennai and Pune, shifting towards a smaller store model and omnichannel strategy. Despite initial losses, Ikea plans for profitable growth while optimizing space usage to manage real estate costs.
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