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Latest Articles in Retail

Zomato Says Its Food Delivery GMV Has Recovered To 60% Of Pre-Covid Levels

Zomato expects its business to recover from Covid disruptions in the next three to six months.

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Flipkart Signs MoU With Karnataka Govt To Promote Local Art, Craft And Handlooms

The partnership under the Flipkart Samarth programme will enable local artisans, weavers and craftsmen of Karnataka to showcase their hallmark products to a pan-India customer base, the company said in a release.

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Flipkart Picks Up Minority Stake In Arvind Youth Brand For Rs 260 Crore

The Flipkart Group has a registered customer base of over 200 million, offering over 150 million products across 80-plus categories.

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Amazon India's Unit Gets $308 Million In Fresh Funds From Parent

The company's Indian arm in May said it would hire 50,000 temporary workers to meet a surge in online shopping in the country.

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Alibaba's Ant Plans Hong Kong IPO, Targets Valuation Over $200 Billion, Sources Say

Although valued at about $150 billion in its last funding round in 2018, small trades in the secondary market late last year gave it an implied valuation of $200 billion.

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From Your Offline Store To Online Store

Analytics tools like Market Basket analytics or sequential pattern mining can be used to create dynamic promotions and suggest brands and products to each customer on the web- shop.

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RIL In Talks To Acquire Future Group

This development will give RIL the necessary capability to launch to number one position in retail space across classifications including fashion, general merchandise and groceries.

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Amazon India Scraps Single-Use Plastic In Packaging Across Centers

Walmart Inc's India e-commerce unit Flipkart, a local rival to Amazon, said last month that it had cut down the usage of plastic packaging in its own supply chain to about 50%

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Japan's Retail Sales Extend Slump As Coronavirus Curbs Keep Shoppers Away

Retail sales fell 12.3% in May from a year earlier, pulled down by a slump in spending on big ticket items such as cars as well as clothing and general merchandise

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H&M Swings To Deep Loss In Second Quarter As Pandemic Weighs

Pretax loss was 6.5 billion crowns ($695 million) against a year-earlier profit of 5.9 billion. Analysts had on average forecast a 6.4 billion crown loss.

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Alibaba's Lazada Appoints Chun Li As New CEO

Alibaba has long had struggles with managing Lazada, a company it owns 90% of after investing $3 billion since 2016, with employees highlighting a long-running culture clash with management from China.

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Nike Posts Surprise Loss As COVID-19 Hits Wholesale Business

Nike's investments in its digital platform over the years helped it record a 75% rise in online sales, as many consumers shopped for activewear and sneakers from the comfort of their homes.

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Amazon To Launch $2 Billion Venture Capital Fund To Invest In Clean Energy

The e-commerce giant, which has faced protests from environmental activists and pressure from its employees to take action on climate change, has also vowed to be net carbon neutral by 2040.

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Japan Shoppers Queue, Crash Website For Uniqlo's Washable Masks

Shares in Fast Retailing, which owns Uniqlo, rose around 1% in morning trade, compared with little change in the broader market.

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