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Amazon to enter offline retail in India; to open first grocery store in Bengaluru

Online retail giant, Amazon, is mulling expanding its presence in physical retail stores globally and in India particularly and is expected to open its first grocery store in Bengaluru, according to a report in New York Times. The company is...

FSSAI tells food sites to disclose manufacturing, expiry dates: Survey

The Food Safety and Standards Authority of India has taken action on consumer requests and told e-commerce sites selling packaged food products to disclose manufacturing and expiry dates and has announced that imported food items with less than 60...

Amazon to invest over US $500 million in e-retail food in India: Harsimrat Kaur Badal

The US-based retail giant Amazon has proposed to invest about US $500 million for e-retail of food products in India, Food Processing Minister Harsimrat Kaur Badal said. According to a PTI report: Besides Amazon, she said Grofers and Big Basket...

Snapdeal dispels sale rumors, says not in talks with Flipkart, Paytm

An eminent daily reported on Wednesday that struggling e-commerce firm Snapdeal, which has over the past year more than halved its employee strength, is reportedly in talks with Flipkart and Paytm for potential sale. However, the company has firmly denied this,...

E-commerce firms to pay up to 1 per cent TCS under GST

E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent tax collected at source (TCS) while making payments to their suppliers under the goods and services tax (GST) regime which is expected to...

Walmart buys San-Francisco based online retailer, ModCloth

Walmart, on behalf of Jet.com, has acquired online retailer ModCloth, best known for its vintage-inspired clothing. Walmart had acquired Jet.com The 15-year-old brand is known for its quirky, indie-inflected collection of clothes. ModCloth was founded by high school sweethearts Susan Gregg...

Amazon to open drive-up grocery locations, AmazonFresh Pickup, in US soon

New permit documents - revealed by Geekwire - show that e-commerce behemoth Amazon is planning to open several drive-up grocery locations in the US soon, starting with Seattle. The project, called AmazonFresh Pickup, is the next phase in the online giant’s physical...

Amazon hires 18 IIM-Ahmedabad business graduates

Global e-commerce major Amazon hired 18 graduates of the Indian Institute of Management-Ahmedabad (IIM-A) in the summer campus hiring, said the prestigious B-School on Tuesday. "Amazon made the most offers (18) at the end of the final placement process, followed...

Amazon, Grofers, Big Basket submit FDI proposals for undertaking retail trading

Amazon, Grofers and Big Basket have submitted FDI proposals to the Government for undertaking retail trading of food products. According to a PTI report: The Government had last year allowed 100 per cent foreign direct investment (FDI) for trading, including...

TJ Maxx’s brand value up 79 per cent in a year

Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power/ strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction...
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Retail sales grow 5% y-o-y in June 2024: RAI Survey

Sales in South India showed the highest increase at 7%, followed by North and East at 5% each and...
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