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| 05 December, 2020, 11:10 AM IST | E-Paper


    We will work to serve customers better than anybody else: Doug McMillon, CEO Walmart

    “Did we know that Reliance and Amazon and many others will be super aggressive? Absolutely. But we are too,” Doug McMillon said at the Morgan Stanley Virtual Global Consumer & Retail Conference on Thursday. “You can debate, do you think Walmart will be number one in the market given what Amazon and Reliance are doing"

    Flipkart unveils '2GUD Local' to bring popular offline retailers, shopping destinations online

    2GUD Local will enable local stores (single brand or multi-brand stores and other shopping destinations) and retailers to expand their digital footprint to connect more effectively with their consumers, it added. 2GUD Local has started with KLM Fashion Mall in Bengaluru. Launched in 2017, KLM Fashion Mall has expanded its reach through 17 showrooms in the last three years.

    Is shopping in stores safe during the pandemic?

    There are ways to reduce risk, but health experts advise avoiding it when possible. The U.S. Centers for Disease Control and Prevention says holiday shopping in crowded stores is a 'higher risk' activity and that people should limit any in-person shopping, including at supermarkets.

    MyGlamm to raise Rs 110 cr from new, existing investors; to wrap up fund-raising by Jan

    In August this year, MyGlamm had acquired POPxo, a digital community for millennial women. Post the acquisition, Chiratae Ventures, Kalaari Capital, and Neoplux Venture Capital joined MyGlamm's existing investors - Bessemer Venture Partners, L'Occitane, Mankekar Family Office, and Tano Capital LLC.

    Ikea to open its second Indian store in Navi Mumbai on December 18

    “We are very excited, as Mumbai is one of our priority markets in India. We have been present online in Mumbai since early 2019 and soon the many people of Mumbai will be able to shop at our fantastic IKEA store," Peter Betzel, CEO, IKEA India said.

    Retailers are discouraging a mainstay of e-commerce in India: cash-on-delivery

    E-commerce sites including Amazon, Flipkart and 1mg had suspended the COD option for some months from April as part of efforts to create contactless shopping in a bid to curb the spread of Covid-19. However, the sheer popularity of COD prompted them to restore the payment method recently.

    Lifestyle International elevates Kabir Lumba to the chairman of the board of directors

    Lumba will be taking over from Ramanathan Hariharan, who will be retiring from his position in March 2021. Lumba will be assuming his new role on 1st of April 2021.

    Flipkart notifies CCI of proposed deal with Aditya Birla Fashion and Retail

    Earlier in October, ABFRL and Flipkart had announced that they had entered into an agreement for the stake sale on a fully-diluted basis by way of subscription to equity shares, valued at Rs 1,500 crore.

    Tata Group is reportedly nearing a deal to buy BigBasket in a grocery coup

    Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets at a time when the race for Indian online shoppers is heating up.

    Pandemic e-tail push creates 3 lakh delivery, supply chain jobs

    While e-commerce operators were hit during the lockdown as the government allowed only essentials to be sold online, they made a sharp recovery after May as more consumers bought goods on their platforms sitting at home.

    Prolonged cheer: Consumer companies witness brisk demand even after Diwali sales

    Top brands and retail chains such as LG, Samsung, Apple, Vivo, Realme, Bosch, Siemens, Croma, Levi’s, Reliance Retail and Vijay Sales expanded sales 10-20% in the first 15 days after Diwali, which was in mid-November, over the year earlier, according to estimates by senior industry executives.

    Apple set for a bumper harvest in December quarter

    Apple set for a bumper harvest in December quarter

    The firm shipped 800,000 iPhones in July-September, its highest in a quarter. This was before the flagship, 5G-enabled iPhone 12 series was launched in October and prices of older models were cut, along with other offers for Diwali sales.

    Flipkart narrows loss to Rs 3,150.6 crore in FY20

    Flipkart narrows loss to Rs 3,150.6 crore in FY20

    "During the financial year ended on 31st March 2020, the net total income of company was Rs 34,610.1 crore as against the net total income of Rs 30,934.9 crore in the previous financial year, witnessing an increase of 11.88 per cent in the net total income," documents sourced by business intelligence platform, Tofler said.

    CAIT extends support to 'MakeAmazonPay' global campaign

    CAIT extends support to 'MakeAmazonPay' global campaign

    CAIT Secretary General Praveen Khandelwal said, "We express our support and solidarity with the just cause of the global movement 'MakeAmazonPay'. Indian traders led by CAIT are ready to join the campaign, which is supported by warehouse workers, environmental activists and advocates for racial, tax and data justice around the world."

    Sandeep Kataria: The Indian who will lead Bata for the first time in its 126-year history

    Sandeep Kataria: The Indian who will lead Bata for the first time in its 126-year history

    Sandeep Kataria, 49, who is currently Bata India’s CEO, has been elevated as global CEO of the company, as the current incumbent, Alexis Nasard, moves on.

    Bata appoints India CEO Sandeep Kataria as global CEO

    Bata appoints India CEO Sandeep Kataria as global CEO

    Kataria takes over from Alexis Nasard who stepped down after almost 5 years in the role. With 24 years of experience at Unilever, Yum Brands and Vodafone in India and Europe before joining Bata India as CEO in 2017, Kataria has been directly involved in leading businesses and brands.

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