Offline retailers such as Lifestyle International and Shoppers Stop are beefing up their e-commerce plans to take on stiff competition from online retailers.
Offline retailers such as Lifestyle International and Shoppers Stop are beefing up their e-commerce plans to take on stiff competition from online retailers.
While Shoppers Stop saw one of its lowest like-to-like sales growth last quarter, analysts believe entry into e-commerce will be crucial for others like Lifestyle to sustain its 30 percent CAGR growth.
Kabir Lumba, MD, Lifestyle International said the company is looking to launch the portal in the first half of next calendar year, 2016.
"We are working on our plans and so far we've stayed the course, we've seen some very strong sales growth for Lifestyle Home Centre and Max . We feel that offering a great product experience, retail experience is key and once you develop that you need to offer it across the brick and mortar as well as the digital space," he added.
Max India stock price
On March 18, 2015, Max India closed at Rs 454.80, down Rs 4.2, or 0.92 percent. The 52-week high of the share was Rs 522.00 and the 52-week low was Rs 196.90.
The company's trailing 12-month (TTM) EPS was at Rs 15.29 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 29.74. The latest book value of the company is Rs 119.56 per share. At current value, the price-to-book value of the company is 3.80.
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