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Toys to be significant portion in Walmart’s $10 billion exports target from India

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...

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...

Flipkart gets $600 mn from Walmart at around 5-10% higher valuation

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...

Amazon India inks pact with Indian Coast Guard

Amazon India will collaborate with the ICG to help ex-servicemen from military backgrounds pursue their corporate careerMumbai: 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...

Walmart sources bicycles from India, partners Hero Ecotech

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...

Flipkart ‘The Big Billion Days’ sales lift Walmart’s gross margins

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...

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...

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...

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...

Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares

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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