â˘ A step to organize countryâs unorganized footwear supply chain
â˘ Small retailers can make their order from anywhere across the globe
â˘ Best price
â˘ Bigshoebazaar.net is the single podium for the retailers across the globe
Online PR News – 17-November-2010 – – New Delhi 16th November 2010: Bigshoebazaar.com, Indiaâs largest online marketplace in footwear sector has created history by introducing worldâs first online wholesale cash and carry division. Pioneering the concept in India, BSB creates a landmark in the industry. With the extensive market research on Indian footwear market, BSB has explored the immense potential for growing Indian footwear market wanted to minimize the gap between whole seller and retailer with the help of web technology.
In general, distributors use bargain power in the supply chain management and creates a price difference for various retailers. The Online Wholesale Cash and Carry is the division that intends to leverage the gaps in the existing distribution network of the industry. The objective is to present to the numerous footwear retailers an option which empowers them to do their sourcing at their convenience. They can now source at their own sweet will and also take inputs from other family members. They can now have access to even those brands with no representation in their area. They also stand to benefit from the bulk buying capacity of BSB and also avail of best margins in the industry and free delivery. All these pluses will help the retailers to move on to the Just in Time management and also to improve his stock turnover.
Cash and carry is defined as wholesale depot operations from which retail customers purchase goods and provide their own transport. Cash and carry operators buy goods in large quantities from the manufacturer or buying group and then sell these goods to their retail customers at prices only slightly above what they paid for them. They accept low net profit margins, in return for high-volume sales, and thus are able to keep costs to a minimum. On the account of initiating the business model, Mr. Manmohan Agarwal, Director, said âBy using this model, we would be able to take all the brands and all their products to every market we reach and enable retail footwear to aggregate supply on aggregate demand.âWe will try to serve all Tire 1, Tire 2 and Tire 3 Cities through this division.â
Bigshoebazaar.com started in 2007 as an online portal for business-to-customer footwear retailing in 2007 and has 68 clients including Lotto, Columbus, Bata, Reebok etc. with a portfolio of 10,000 designs at a given time. BSB has got overwhelmed by the initial response from the online customers and see the channel growing manifold in the days to come and become a force to reckon. It has also change the way people buy shoes. The concept has been modeled on the lines of the markets in advanced countries where online business has penetrated retailing in a big way. "This concept is being tried out to aggregate footwear manufacturers and retailers into one platform. Online transactions take away a lot of hassle and is already a multi-million dollar business in the West," Mr. Agarwal said.
About Bigshoebazaar India (p) Ltd: Bigshoebazaar (BSB) is the largest online shoe store in India enabling brands to reach even to remote areas across the country through itâs unique B2C and B2B platforms. BSB has a Multi brand footwear focused online retail (B2C) portal â bigshoebazaar.com which has already shipped products to over 1500 cities in India.
BSB is also empowering various footwear brands to set up their online B2C Exclusive Brand Outlets (EBOâs). Empower other shopping portals with footwear category (B2C) with every footwear brand. BSB is Online Wholesale Cash & Carry partner to high street footwear retailers through its B2B portal â bigshoebazaar.biz.
BSB is also a multi-brand footwear retail chain in India (walk-in-retail stores) â operated through franchisees and partnered with footwear and accessory suppliers to expand the choice provided to the customers and help suppliers have the widest reach across the country. Bigshoebazaar not only help penetration of supplier products, we also help suppliers with brand building, product launches, test marketing and comprehensive online presence.
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