Sounak MitraOrganised retail is reaching an inflection point. The sector is gaining critical mass and is consolidating, as evidenced by the flurry of recent deals. In August alone, Walmart picked up 77 percent stake in Flipkart for $16 billion, Warren Buffett agreed to invest in Paytm, and China's Alibaba invested $300 million in online grocery retailer BigBasket. Besides, Ikea opened its first store in the country.It is not exactly a surprise. Organised retail has started getting more interest from global biggies after the implementation of the goods and services tax (GST), which has minimised cash dealings (without bills, or fake bills), made retailing more structured, and made the supply chain less cumbersome, among other things. While this has made lives difficult for small and medium-scale retailers (including neighbourhood stores), it has surely enhanced scope for big companies who constitute organised retail.Besides, it has paved the way for integration of online and … [Read more...] about Opinion | Organised retail can become the new sunrise sector, but retailers need to adapt to hybrid model
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In the hierarchy of things New York City residents kvetch about, housing ranks near the top. A dearth of affordable apartments has the city in a stranglehold and there’s seemingly no end to escalating rents. (Good luck finding a studio in Manhattan for less than $2,300 per month, the average going rate in the borough.) To tackle this problem, former mayor Michael Bloomberg staged a competition in 2012 to design a micro-units development. In just three years, the experimental buildings have hit the market. But is it enough to alleviate the affordable housing crisis? Short answer: it opens the conversation about retooling the city’s supply of apartments, but it’s not exactly a panacea for NYC’s housing headaches. advertisement advertisement Designed by the Brooklyn-based firm nArchitects, Carmel Place (formerly known as MyMicro) is located in Kips Bay, a neighborhood on Manhattan’s east side, familiar to many as “The place where that movie … [Read more...] about Micro Apartments: Utopia or Dystopia?
On a corner in downtown El Paso, a sleek steel structure stands out on an avenue of warehouse complexes. The newly refurbished 50-year-old building rises above the dramatic red mountain skyline and a busy highway intersection that leads to Juarez, Mexico. advertisement advertisement It’s home to the Hotel Indigo, a new boutique inn whose industrial chic decor captures the region’s past and future: Cement floors and walls contrast with Southwestern-flavored cacti, adobe vases, and tapestries. The hotel opened last year as part of a larger experiment. If you plant a cool place in a deserted downtown, will the area bloom? The answer appears to be yes. The Indigo has helped usher in a new era for the strip, which was once a vibrant commercial hub. In the last two years, the neighborhood has become flush with art galleries, restaurants, cocktail bars, and a new baseball stadium. Three other hotels … [Read more...] about The Hunt For The Next Portland: Hoteliers Bet Big On Small City America
In some ways, 2015 was the year of the gig economy, with the scale and diversity of the freelance workforce not just expanding, but attracting more mainstream notice as well. By our own recent estimates here at Upwork, some 54 million Americans are now freelancers. advertisement advertisement Still, that’s just the most noticeable trend among several that will reshape the nature of work in the next five years. In fact, shifts in technology, connectivity, and the expectations of both employers and employees are on track to bring about bigger changes than the freelance economy can on its own. Here are four. 1. The Rise Of Second-Tier Cities The 20th century saw big, cosmopolitan cities boom. The best jobs and top talent were concentrated in a few “first-tier” urban centers like San Francisco, New York, London, Tokyo, Los Angeles, and Paris. If you wanted a job, you had to move to one of those places. That’s already changing. The major urban hubs have … [Read more...] about The Four Trends That Will Change The Way We Work By 2021
“I like making music that people say cannot be done, or a collaboration that cannot be done,” says DJ Khaled in an interview with Fast Company. “That’s what I’m great at, is pulling people together and making magic together.” advertisement advertisement Khaled has made the all-star “posse cut” his signature as a producer. In 2007, six of the most sought-after hip-hop names of that decade–Lil Wayne, T.I., Akon, Rick Ross, Fat Joe, and Birdman–came together to record “We Takin’ Over,” a made-for-club hit with an addictively repetitive synth and thumping bass. Since then, he’s recruited such crowd-pleasing acts as Ludacris, Snoop Dogg, Drake, Nicki Minaj, and Nas onto an average tally of 31 guest features per album. The producer has been named the chief creative officer of Snipes, a German sportswear retailer that’s “inspired by hip-hop, streetball, dance, and action … [Read more...] about DJ Khaled’s newest collaboration may be one of his biggest—and it doesn’t feature Jay-Z or Rihanna