India's Future Group Ties Up With Google, Facebook -- Market Talk
November 22 2017 - 12:00AM
Dow Jones News
0430 GMT - The fight in India's retail sector is warming up as
Future Group joins hands with Google and Facebook after Amazon
announced its entry into the food-retail segment a few months back.
Future, which operates the Big Bazaar supermarket chain, will use
the giant tech duo to know consumers' spending patterns and other
behaviors. Meanwhile, people will be able to order goods through
Facebook's WhatsApp messaging service. Future, which has been an
investor favorite with shares more than quadrupling this year, also
aims to have 10,000 tech-enabled smaller stores by 2022. India's
online retail space has seen huge growth the past year, prompting
many retailers to increase their focus there. Future jumps 7.3%,
which if maintained would be the stock's biggest gain in 4 months.
(debiprasad.nayak@wsj.com)
(END) Dow Jones Newswires
November 21, 2017 23:45 ET (04:45 GMT)
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