Flipkart Internet, responsible for Flipkart’s online marketplace, has just gained one of its highest value capital infusions to date as its Singapore-based parent company invested Rs 3,460 crore for the sale season.
The online fashion portal Myntra is in talks about opening large scale brick-and-mortar stores in several mall locations with different formats including “Myntra Beauty”, “Myntra Women”, and “Myntra Sports”.
Amazon is expanding its fashion offer as it targets top spot in apparel globally with the company making its first entry into the activewear market, via the launch of its Aurique own-brand on Tuesday.
Following an initial trial period, the Facebook-owned image-sharing network rolled out two new ways for users around the world to shop on the platform on Monday, introducing Shopping in Stories and Shopping in Explore.
Boohoo Group has announced a new CEO from rival Primark with current co-CEO Carol Kane set to stand down as part of a board re-alignment. But Kane will remain heavily involved with company and will take on a new role.
H&M has consistently disappointed in recent periods. But the retail giant seems to have turned its fortunes around in Q3 saying it saw higher local-currency sales growth than anyone had expected for the summer quarter.
Flipkart unit is in talks to buy a stake in Star India’s video streaming service Hotstar, the Mint daily reported on Monday, stepping up the e-commerce firm’s battle with Amazon.com Inc by expanding into video content.