The retail giant Walmart has announced its plans to roll out an Intelligent Retail Lab inside one of its stores in Levittown, New York. The basic ideas behind this is to test both associate and customer experiences. With this, the company wants to use artificial intelligence to better identify when items are running low on […]
The retail giant Amazon is in advanced talks with Crystal City, a neighborhood in North Virginia that lies just south of the Washington D.C. to open its second headquarter in Virginia. Those conversations are reportedly further along and more detailed than any of the other Amazon has had with fellow top contenders. Nearby metro stops […]
The e-commerce giant Amazon is all set to acquire a stake of just under 10% in Kishore Biyani-led Future Retail. The deal is likely to be approved by the latter’s board on October 29. The retail major is expected to pick up shares through the foreign portfolio investors route at a hefty premium to the […]
The retail major Walmart has reportedly acquired an online lingerie retailer known as Bare Necessities. The amount of the acquisition deal has, however, not been disclosed. This acquisition marks as Walmart’s second apparel-focused acquisition in less than two weeks. The company seems to be seeking deeper inroads into the online fashion space. Last week, the company […]
China’s fashion e-commerce player Shein has become quite popular in India just within one year of its presence. For the company, India has emerged as an important market with its mobile app crossing 5 million downloads. The fashion retailer at present delivers to over 15,000 pin codes in tier-I and II cities in India and […]
Chai Kings, the largest Chai Retail Chain in Chennai raises 2 crores from India’s most active angel investing groups Chennai Angels. Founded in 2016, Chai Kings is the largest Chai Retail Chain in Chennai operating with 8 stores. Chai Kings offers a sumptuous range of chai in exotic flavours, in the most hygienic ambiance, and at […]
India’s largest online marketplace Myntra is planning to soon enter the offline market space with the retailing of beauty and cosmetics products under Myntra Beauty brand. Soon after launching its first offline store for Roadster, the e-talier is now stepping ahead with its O2O (online to offline) business. At present, the company sells more than 100 beauty […]
WS Retail which is Flipkart’s ex-in-house vendor and one of the biggest sellers in the Indian e-commerce sector has announced that it has stopped the sale of its products on the platform of Flipkart. The revenues of WS Retail declined 67% from Rs 13,900 crore in fiscal 2016 to Rs 4,600 crore in fiscal 2017. The company reported a […]
One97 Communications, the company that owns Paytm is reportedly eyeing to raise $300-$500 million for the purpose of pushing its online-to-offline (O2O) retail business and get customers to use its platform for making payments. At present, Paytm is in advanced talks with US-based investors and also its existing shareholder, SoftBank for the latest funding round, […]
E-commerce beauty retailer Nykaa has announced the launch of its online marketplace exclusively for men called Nykaaman.com. The website will be in action from today and will have products across various categories. With this move, the company intends to foray into the $1.4 billion men’s grooming market in India. Also, this will help the company to scale […]
The beauty products and services marketplace Purpelle has reportedly raised fresh funds amounting to Rs 17.5 crores ($2.56 million) from a group of investors. According to the sources, the funding was secured in a number of tranches and was led by an unidentified London-based investment fund. The companies that participated in the funding round were […]
Soul Space, India’s first ever Organic and Fairtrade certified fashion brand which is originally Kolkata-based launched its first retail showroom in Pune on Monday. The fashion brand also has its eyes on Mumbai, Bangalore and Hyderabad to expand its operations, planning to launch 20 more stores in the current financial year. The brand is a subsidiary […]