Landmark Group introduces cash-and-carry furniture to spur growth
The home furnishing chain, which currently has 50 stores in 27 cities, also cited longer replacement cycles as reason for low sale of durable big-sized furniture such as three and five-seater sofa sets. The cash-and-carry category will sell small furniture options such as side-tables and petite chairs for nooks and corners of rooms to create impulse shopping.
ET Q&A: India must commit to AI, next frontier of wealth creation, says Vijay Govindarajan
In an interview to Rica Bhattacharya, Govindarajan...
A $45 billion bet on Narendra Modi’s India is rapidly unwinding
Investors have sold $4.5 bn of shares since June, on course for the biggest q...
Only big social media companies may face tougher norms
TikTok, Facebook, and YouTube will be impacted as the new rule means tougher norms for policing online content.
Amazon pumps in over Rs 4,400 crore in India business
Amazon had registered cumulative losses of over Rs 7,000 crore across various units in 2018-19.
Kirana stores to get a shield against Flipkart, Amazon
The proposed exercise is aimed at consistency, simplification & low compliance burden to cuty costs.
Practice yoga with Alexa: Shilpa Shetty Kundra's fitness app joins Amazon assistant's skill set
The skill has audio as well as video content in both English as well as in Hindi.
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Promotion of Industry and Internal Trade (DPIIT) that they are investing big on creating warehouses and logistics network, technology and other such areas, while reiterating they are fully compliant with all laws and FDI norms for online marketplaces.
Flipkart and Amazon clock Rs 31,000 crore in festive sales
The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.
Retailers feeling the heat opt for advancing sales
Ecommerce marketplaces Amazon and Flipkart have lined up promotions this month and next to clear inventory. Discounts will be offered across a range of products, including electronics and smartphones. The trend of bringing forward winter sales from the usual time of end-December or early January started two years ago, following poor business in the preceding months.
Amazon scales up accelerator for private labels
Amazon will have an option to acquire these brands at a mutually agreed pre-decided price. One of the riders by Amazon is also that these brands cannot be sold on any other marketplace globally, unless Amazon has given permission.
Amazon Project Zero to rid platform of fakes
Amazon will use technology to take down listings it believes are counterfeits automatically, and give certified brands the ability to remove listings without approval from Amazon.
SpiceJet targets cargo unit IPO amid e-commerce boom
SpiceXpress has four freighters and expects to receive another six by the end of the year.
Lenovo Smart Clock review: Cheapest in the category, comes with Google Assistant
It includes touchscreen, but has some limitations compared to Google Nest Hub and Amazon Echo Show 5.
India examines creating regulator to settle e-commerce disputes
The proposal comes after small traders approached the govt with allegations of predatory pricing and deep discounting by Amazon.com Inc. and Walmart Inc. They allege that the US giants are pricing them out of the market. Govt is under pressure from small traders, a traditional support base for the ruling BJP, to act against the big online retailers.
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