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Covid-19: Sofas, lamps drive furniture sales

India Business News: “Consumers have started looking at their homes through a magnifying glass and want to do a better kitchen or buy a more comfortable sofa,” said Subodh ....

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WoodenStreet to invest $5 million to expand warehouses capacity to 5 million sq ft

WoodenStreet recently launched its largest national warehouse in Jodhpur with an area of over 2.5 lakh sq ft. Currently, it maintains over 20 warehouses and distribution centers with a total area of 1 million sq ft spread across the country. ....

Lokendra Ranawat , Warehouse Management System , West Bengal , Supply Chain , E Commerce , லோகேந்திரா ரனாவத் , கிடங்கு மேலாண்மை அமைப்பு , மேற்கு பெங்கல் , விநியோகி சங்கிலி , ஏ வர்த்தகம் ,

WoodenStreet to invest $5 mn on warehouse expansion; hire 300 people

Online furniture retailer WoodenStreet on Monday said it will invest around USD 5 million (over Rs 36 crore) and hire about 300 people as it looks to strengthen its supply chain and warehousing capacity.
The company plans to expand its current warehouse capacity by five-fold to a total of 50 lakh sq ft across India in the coming 24-36 months.
WoodenStreet plans to invest around USD 4-5 million to tackle this massive supply-chain and warehousing expansion - including hiring 250-300 individuals from logistics and supply-chain domain, a statement said.
The company had recently launched its largest national warehouse in Jodhpur with an area of more than 2.5 lakh sq ft. Currently, it maintains over 20 warehouses and distribution centres with a total area of 10 lakh sq ft spread across the country, it added. ....

Lokendra Ranawat , Staragri Warehousing And Collateral Management Limited , E Commerce In India , Supply Chain , Online Furniture Retailer , லோகேந்திரா ரனாவத் , ஸ்தாரகிரி கிடங்கு மற்றும் இணை மேலாண்மை வரையறுக்கப்பட்டவை , ஏ வர்த்தகம் இல் இந்தியா , விநியோகி சங்கிலி , நிகழ்நிலை தளபாடங்கள் சில்லறை விற்பனையாளர் ,

Online custom furniture platform WoodenStreet to invest $4-5 million to expand warehousing capacity

Online custom furniture platform WoodenStreet to invest $4-5 million to expand warehousing capacity
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Lokendra Ranawat , National Capital Region , West Bengal , Delhi National Capital Region , லோகேந்திரா ரனாவத் , தேசிய மூலதனம் பகுதி , மேற்கு பெங்கல் , டெல்ஹி தேசிய மூலதனம் பகுதி ,

Pepperfry Revenue Grows 26%; Lower Advertising Costs Help Trim Loss

After a year when its loss increased 72% year-on-year (YoY) to INR 183.49 Cr, Pepperfry managed to turn the tide, rein in the expenses and cut losses by 33% to a little over INR 122 Cr.
A chief factor for Pepperfry’s better financial performance was the increase in revenue by 26% YoY to INR 260.61 Cr. Moreover, expenses fell, albeit marginally, by 1.79% to INR 383 Cr.
Of the company’s total revenue, INR 246 Cr was operational revenue, of which, INR 245,88 Cr was from the sale of services, while INR 0.15 Cr was license fees.
For Pepperfry, revenue from operations comprises commission from suppliers of furniture and other products sold through its ecommerce site and app. The company has a contractual arrangement with many of the suppliers. In addition to over 10K sellers, the company has 10 private label brands including Woodsworth, Mintwud, Casacraft, Amberville, Bohemiana, Mudramark, Mollycoddle, Clouddio, Primorati and Mangiamo. ....

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