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Retail
Artificial Intelligence, CCTVs help international retailers in loss prevention
Unlike in India, in the US and UK and other global destinations, a customer is not required to submit his handbag / shopping bag at the entrance. It would be unimaginable for any store in the UK to go...
Retail
Tiger Fund increases equity stake in Flipkart
IANS -
The US-based hedge fund, Tiger Fund, increased its equity holding in India's leading etailer Flipkart by buying 54,596 shares of its co-founder Binny Bansal for an estimated US $14.5 million (Rs 104 crore), business intelligence platform Paper.vc said on...
Retail
Amazon to expand its largest India Fulfilment Centre
E-commerce giant Amazon.in on Thursday said it has signed a lease with GMR Hyderabad Airport City to expand its largest Fulfilment Centre (FC) in the country.The existing warehouse is spread across 4 lakh sq ft and will now be...
Food
Grofers to deploy 500 e-vans in fleet by Dec-end
Online grocery retailer Grofers on Monday said it plans to deploy about 500 electric vans to its last mile-delivery fleet as part of its sustainability efforts. The SoftBank-backed company had started a pilot with about 50 e-vans last year...
Retail
Instagram threatening Amazon with its e-trade plans
IANS -
The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends...
Retail
IPO in long-term strategy, currently focused on e-commerce growth in India: Flipkart
An initial public offering (IPO) is part of Flipkart's ambition and long-term strategy, but the Walmart-owned company is currently focused on getting 200-300 million new Indians into the e-commerce fold.According to a PTI report: The statement comes amid reports...
Retail
Flipkart co-founder sells part stake to Walmart for Rs 531 cr
IANS -
Binny Bansal, the Co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at US $76 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc...
Retail
Robots sort out thousands of Flipkart parcels in a jiffy
As India's leading e-tailer, Flipkart uses about 100 robots to sort out parcels automatically in thousands daily to minimize delays in delivering what customers buy online on its website, an official said on Tuesday."To speed up delivery, we are...
Food
Walmart relaunches service to deliver groceries to customers’ refrigerators
Walmart Inc will be restarting a service that offers the delivery of groceries directly to customers' refrigerators.Customers have more choices than ever before when it comes to how they get their groceries. They can shop in stores, order online...
Food
Walmart Canada unveils new, state-of-the-art ‘Urban Supercentre Concept’
Walmart Canada unveiled its new 'Urban Supercentre Concept' in Toronto, Ontario, allowing the retailer to better address the evolving needs of its current and future customers.Walmart has chosen its Toronto-Stockyards location to bring new 'Fast Lane' checkout technology to...
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Location AI startup GeoIQ unveils footfall & site analysis feature
GeoIQ has served retail brands across categories to open over 2,500 stores by assessing more than 25,000 locations with...
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