Flipkart eyes Lee, Wrangler brand rights
After buying a significant minority stake in Arvind Youth Brands, which owns the Flying Machine denim brand, Walmart-backed Flipkart Group is now in talks with American clothing company Kontoor Brands for the brand rights of Lee and Wrangler in India, sources said.
Mention country of origin tag by August 10 or face action: Amazon India tells its sellers
The trade ministry has called for e-commerce sites ...
Resurgent virus cases cast shadow over Macy's holiday outlook
Macy's Chief Executive Officer Jeff Gennette said in a statement the company wa...
After a $20 billion Jio frenzy, India's richest man is now seeking money for retail
Asia’s richest man and the chairman of RIL told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.
Amid tensions with China, India warns Amazon, Flipkart over country of origin rule
Amazon has often faced regulatory challenges in India. Last year, the government enforced strict rules for foreign investment in e-commerce which forced the U.S. retail giant to rework its business structures and strained ties between New Delhi and Washington.
Retail giants eye rural India, small towns to push growth
With farm sector seen as a key support to growth against the mayhem triggered by the pandemic, these companies sense an opportunity to increase sales betting on rural and small town India.
Festive sales: Covid-induced shift to ecommerce hits instant bank discounts for consumers
Till last year, the total bank discount used to be uniform in the total sale period and used to range up to Rs 2,000. Instant bank discounts lures consumers to shop more to avail bigger benefits and ensures returns or last minute cancellations are at a minimum.
How iPhone's online price discounts work in Indian retail
Apple is the only electronics company that does not mandate any end-consumer selling price or dictate channel promotional offers in India, making it easier to offer discounts, industry executives said.
Walmart unveils membership service with free delivery, no checkout lines
Touted as a rival to Amazon.com Inc's Prime subscription, Walmart's new loyalty program will cost $98 a year or $12.95 a month. It will become available to all U.S.-based customers on Sept. 15.
Tata Group looks to tie up with BigBasket for online groceries push: Report
BigBasket has also been in discussions to rope in new investors like Singapore government’s Temasek, US-based Generation Partners, Fidelity and Tybourne Capital, for a $350-400 million financing round, which will likely boost its valuation go up about 33% to around $2 billion.
Walmart India elevates Sameer Aggarwal as CEO
Aggarwal succeeds Krish Iyer who is set to retire on March 31. Iyer, would get into advisory role from full-time management of Walmart India after leading the retail major for eight years. Aggarwal, who was elevated as Deputy CEO earlier in January this year, has now beenÂ promoted to Chief ExecutiveÂ Officer of Best Price, Walmart India, effective from April 1, Walmart said in a statement.
From wellness kits to PPE gear: Firms gift healthy goodies to staffers this Diwali
In keeping with the times of the pandemic, companies are giving immunity-boosting products, wellness kits, yoga mats, sanitising appliances, personal protective equipment and even vouchers redeemable against healthcare products as Diwali gifts to employees, associates and customers.
Tiger Global moves High Court seeking stay against Flipkart-Walmart deal tax ruling
According to people familiar with the matter, Tiger Global International IV Holdings has filed an appeal in the Delhi High Court where it has sought an injunction against a Mumbai Authority of Advance Rulings' order issued in March this year.
Flipkart may consolidate Walmart's wholesale ops
The Bengaluru-headquartered company, in which Walmart bought 77% stake for $16 billion in 2018, is also in the process of relinquishing the space in Gurgaon used as headquarters by Walmart India, which runs 28 Best Price stores across India, with plans to relocate its employees to Bengaluru.
ByteDance gets 15-day extension from U.S. order to divest TikTok: Company
TikTok said it now has until Nov. 27 to reach an agreement. ByteDance has been in talks for a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity. The U.S Treasury did not immediately comment on Friday.