July 31st, 2018India's largest subsidiary of Mukesh Ambani’s Reliance Industries retail chain, Reliance Retail has make its way to online sales of smartphones and electronic appliances such as refrigerators, air conditioners, and televisions.
Reliance Retail is the online extension platform of Reliance Digital, a consumer durables and...
January 31st, 2018Walmart may acquire a 15-20% stake in Flipkart, allowing them to combine synergies to compete with Amazon in India.
US leading retail store chain WalMart is in advanced talks to buy a minority stake in Indian e-commerce firm Flipkart, Indian financial daily the Economic Times reported on Tuesday.
Walmart could buy a 15 percent to 20...
January 8th, 2018AP, NEW YORK - With new options and conveniences, there's never been a better time for shoppers. As for workers.. well, not always.
The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and others. The shifts are...
October 15th, 2017Metro Cash & Carry will start online sales for business customers by year-end as it looks to expand its market position in the growing segment, a top official of the company said. The company also plans to add more stores to its network.
To woo small kirana shops, the company has also started giving them credit ranging from Rs 1...
November 12th, 2016Alibaba Group, the e-commerce giant behind the 24-hour Singles' Day shopping blitz, has raked up a record USD 17.6 billion in the Singles Day online sales, creating a new record in global retail sales for any single day. Consumers spent more than 120 billion yuan (USD 17.6 billion) shopping online on leading e-commerce platform Alibaba...
November 3rd, 2016Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from US-based retailers via the photo-sharing app.
Retailers will be able to showcase up to five products in a Instagram post, and clicking on the various tags will give users a lot more detail about the...
October 19th, 2016Starbucks Corp on Wednesday named its first chief executive officer for China and said it plans to more than double its store count in that country to 5,000 by 2021.
The world's biggest coffee chain promoted Belinda Wong to the title of CEO of Starbucks China. Wong, who had been president of that operation, will continue to report to...
October 14th, 2016Future Group, one of India's leading retail conglomerates, has launched India's first BOPO, Book online pay offline. It's a limited 2-day scheme and Ezone, the group's electronics chain, will start BOPO from 18th October. The intent is to make BOPO a trademark property which will be a paradigm shift in the way people make their...
October 6th, 2016Kishore Biyani-led Future Group has launched FuturePay, which is a digital loyalty wallet that helps consumers shop without card or cash across formats such as Big Bazaar, Ezone and Home Town.
The app is directly linked with all existing loyalty programs and cards bringing all kinds of transactions under one roof. "We are providing a...
September 22nd, 2016Yoga guru Ramdev's close associate Balkrishna has entered Indias richest 100 club with USD 2.5 billion networth owing to his 97 per cent holding in Patanjali Ayurved, while new-age retailer Flipkarts co-founders Sachin and Binny Bansal made a surprise exit from the list.
Acharya Balkrishna has made his debut on the Forbes list of...
September 20th, 2016Wal-Mart Stores on Monday said it has completed the acquisition of Internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.
Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website.
The...
