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Toys to be significant portion in Walmart’s $10 billion exports target from India
PTI -
The company has earlier informed toy makers about their requirements and expected quality standardsNew Delhi: US-based retail giant Walmart is targeting to increase its exports from India to $10 billion annually and domestic toys will account for a significant...
Latest News
Reliance Retail opens Hamleys Play store in Pune
The new Hamleys Play store is located at the Kopa mall in PuneReliance-owned multinational toy retailer Hamleys has launched Hamleys Play store in Pune at the Kopa mall, according to a social media post."Hamleys Play has now opened...
E-Commerce
Flipkart gets $600 mn from Walmart at around 5-10% higher valuation
PTI -
The last disclosed valuation was $37.6 billion or Rs 2.79 lakh crore when it raised $3.6 billion or about Rs 26,800 crore from GIC, Canada Pension Plan Investment Board, Softbank Vision Fund 2, Walmart, DisruptAD, Qatar Investment Authority, Tiger...
E-Commerce
Amazon India inks pact with Indian Coast Guard
PTI -
Amazon India will collaborate with the ICG to help ex-servicemen from military backgrounds pursue their corporate careerMumbai:Â E-commerce giant Amazon India on Wednesday signed an agreement with the Indian Coast Guard (ICG), under the Ministry of Defence, to provide ex-service...
Latest News
Walmart sources bicycles from India, partners Hero Ecotech
PTI -
This initiative is a part of Walmart's commitment to triple exports out of India to $10 billion annually by 2027New Delhi: Global retail major Walmart has started sourcing bicycles from India by entering into a strategic partnership with Hero...
E-Commerce
Flipkart ‘The Big Billion Days’ sales lift Walmart’s gross margins
PTI -
Walmart International's net sales during the third quarter were $26.7 billion in constant currency terms, while its gross profit rate was up 151 bpsNew Delhi: US retail giant Walmart's consolidated gross margins improved in the third quarter (August-October), helped...
In Focus
Here’s how retailers and e-commerce platforms use Generative AI
A look at how major retailers, e-commerce giants and other players have started capitalising on the potential of Generative AI to deliver customer satisfaction and achieve more engagementNew Delhi: ChatGPT by OpenAI took the world by storm when it...
In Focus
The Centennial Club: Retail brands in business for over 100 years
From the toy wonderland of Hamleys, which traces its origins back to 1760, to P N Rao's bespoke tailoring legacy that began in 1923, and the global giant Bata, established in 1894, these retail legends have stood the test...
In Focus
Scanning the Self-checkout Space
The trend of self-checkouts is fast catching in India. Here’s a look at what’s driving the adoption and who are the front-runnersBengaluru: In the dynamic domain of Indian retail, where a surplus of manpower is readily available, and customers...
E-Commerce
Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares
PTI -
During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiaryNew Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...
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Beyoung targets up to Rs 350 cr by the end of FY25
The online fashion brand has achieved Rs 200 crore in annual recurring revenue for FY 2023-24Udaipur-based D2C fashion brand...
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