1.0 INTRODUCTION 1.1 BACKGROUND 1.1.1 SNAPDEAL’S FORMATION HISTORY The company website www.snapdeal.com (2015) indicates that Snapdeal was founded by Kunal Bahl and Rohit Bansal on 4th February 2010 as a daily deals platform. It was later expanded to become an online marketplace in September 2011. Snapdeal is a private company that has grown to become one of the largest online market platforms in India. Headquartered in Okhla New Delhi, the company offers an assortment of 10 million products across diverse categories from over 80,000 sellers shipping to over 5000 cities in India. 1.1.2 FINANCIAL PERFORMANCE In 2012-13, Snapdeal announced that it had expected revenues of approximately 600 crore equivalent to US$91 million. The Times of India (2013) reports that at the time, with full of optimism, the company CEO Kuna Bahl announced that 15-20 % of the sales at Snapdeal emanated from m-commerce. He added that snapdeal.com expected its sales of different products on its platform to be over 2000 crore which was equivalent to US$300 million in the fiscal year 2013-2014 aided by its rapid growth in the past 2 years and the growing e-commerce popularity in India. The Times of India (2013) further indicates that in June 2014, Snapdeal reported that it had successfully achieved its milestone of 1000 sellers on the company’s platform by getting sales of over Rs 1 crore. 1. Funding Alexa (2012) discusses Snapdeal’s recent funding as follows: In round one which was in January 2011,
The Snapchat application, which was developed by Brown and Spiegel as a project of Stanford University
In addition, the company distributes their products through a network of 42 owned and leased distribution centers. As of December 29, 2012, they distributed their products via 39 distribution centers in the United States and three in Canada. The company owns four and lease 38 of these distribution centers. Furthermore,
There is an argument that Snapchat is overinflated prior to the Snapchat IPO, as while it is certainly represents one of the most valuable startups in the world, it doesn’t have quite the advertising revenue to match. Snapchat is taking steps to further monetize its platform, but there have been concerns raised regarding just how far that can go.
Snapchat is going to make history, but this time in the stock market rather than social media. Snap.Inc, is working on an Initial Public Offering, better known as an IPO, and it could be worth about $25 billion dollars; an IPO is the company's first sale of stock to the public. Snap Inc. can make history by releasing the largest debut on the US exchange since Alibaba in September 2014. This amount of money also makes their company known as a “unicorn.” In the business world, a unicorn is a term for a business that does not have any performance record with a stock market evaluation that is over 1 billion dollars. Snap Inc. has chosen two investment banks, Morgan Stanley and Goldman Sachs to spark the flame of potential stocks during the first
The severity of this of this problem is showing in exhibit 1. Where total case sales of the first 5 months of 1992 were 6,8 million the sales of the first 5 months of 1993 were 15,3 million cases. So that’s an increase of 225% in sales. And when you look at figure 1 you can really see the severity of the problem. Because normally the first five months are only 27,91% of the total sales in a year. So normal sales volume would be 24,3 million cases. But if the increase in demand stays at the same level in the second part of 1993 then total predicted sales for all Snapple products will be 54,8 million cases.
Today, we are privileged to connect with millions of customers every day with exceptional products and more than 20,000 retail stores in 65 countries.
The unit is located at Delhi spread across a developed piece of land and equipped with state of the art manufacturing facility with qualified personnel to develop & produce quality products under stringent conditions to suit every class of consumers.
Till then the company has launched many standalone businesses leading to a group with 66,000 stakeholders. The company has a global network in 130 countries with a workforce of 89,000 employees. The company has overall 8 standalone businesses holding a prominent reputation worldwide. The company was able to generate 47.4 billion USD revenue in 2013, with 3.8 billion USD
This company is known for its fashion statements this company creates watches and jewelry as well as handbags, eyewear and clothing. The company has more than 120 boutiques worldwide. Sales in these markets are expected to increase 1.8% annually.
There is a need to emphasise on promoting Snapdeal as a brand to improve customer loyalty. In the age of predatory pricing and heavy discounts, there is little or no differentiation on the pricing or on the product differentiation side.
This has made it become the ultimate choice for many customers as a variety of quality goods and services are accessed under one establishment. Its high number of stores world over has made it an enviable brand that has penetrated in different markets with tailored products.
operates in more than fifty countries all around the world (Anon., 2014). The brand is identified
The emergence of Arabism has been an endless debate amongst scholars. The primordialists claim Arabism is a creation of historical formation, whilst on the other hand, the modernists refer to Arabism as a product of modernity. Similarly, the end of Arabism is also contested. The orthodox position argues Arabism ended following the defeat of 1967 and the death of Gamal Abdul Nasser, President of Egypt between 1954-70 (Ajami, 1978). Whereas, Kramer (1996) states the rise of political Islam weakened the effectiveness of Arab unity. In more general terms, Arabism may be viewed as an idealistic concept that offered unrealistic objectives, limiting its ability to become successful (Farah, 1987). The definitions concerning Arabism can sometimes be interpreted differently by scholars. For this essay, Arab nationalism and Pan-Arabism will be discussed as similar entities, these terms can be defined as a nationalist desire to seek a union of all Arabs in a single state. Whereas, Arabism can be defined through more broad terms which encompasses a common identity between Arabs, regardless of having a united Arab state or not. This essay will argue that Arabism, including Arab nationalism and Pan-Arabism failed due to a combination of reasons. An ideology applied to an entire region, instead of a one-nation state will prominently be accompanied with complications. Within the Arab states, there is a division of loyalties, competing ideologies and a disunited Arab front. For these reasons,
The company employs over 1 000 full time staff¬ members who oversee more than 16 000 product SKUS and it holds in excess of R300 million worth of gifting, clothing and headwear stock. The production house brands in excess of 125 000 items daily.
In the above product range they further have classified their range with 68 companies which provide them with various materials and numerous products that they are wholesaling to their customer.