World’s largest e-retailer Amazon is India’s most trusted online shopping brand followed by home-grown Snapdeal and Flipkart, a survey said. Other firms to figure in the top 10 trusted online shopping brands are eBay, Myntra, Yepme, Jabong,Naaptol, Shopclues, and Askmebazaar. The survey was conducted among 2,500 respondents – aged 21 to 50 years – across … Read More →
Myntra, part of Indian’s biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and India’s e-commerce sector is … Read More →
Moving away from the usual practice of focussing on GMV as a growth parameter, e-commerce major Snapdeal is now aiming to enable 20 million users to transact on its ecosystem daily by 2020. At a recent townhall, Snapdeal co-founder and CEO Kunal Bahl told employees that the new mission aims to pivot the entire organisation … Read More →
In the Hindu Kush mountains craftswomen painstakingly stitch flowing scarves, skilled artisans who were unable to sell their products beyond the remote region until mobile internet came to Pakistan and dropped the market into the palms of millions of previously marginalised people. The women of northern Chitral are among the unlikely profiteers of an e-commerce … Read More →
Home Retail Group has divested its DIY arm Homebase, now owned by Australian group Wesfarmers following 99.3% of shareholders voting in favour of the move. The deal, first submitted in December, valued the business at £340m. It was approved at an AGM last week and the deal was completed at the weekend. Homebase will disappear from … Read More →
Britain’s five largest high street retailers have been late in paying suppliers 80% of the time, a new report has revealed. The findings, from peer-to-peer lenders MarketInvoice, highlighted John Lewis, Alliance Boots, Home Retail Group, Marks & Spencer and Kingfisher as the worst offenders in a prevailing industry trend for late payments to suppliers. Among … Read More →
Davidoff has launched Cool Water Exotic Summer, the brand’s 2016 limited edition summer flankers for the Cool Water fragrance series. Cool Water Exotic Summer follows 2015’s Cool Water Summer Seas. Cool Water Man Exotic Summer ~ with mandarin, basil, sage, juniper, mint and sandalwood. Cool Water Woman Exotic Summer (not shown) ~ with melon, lily … Read More →