Amazon Prime accounted for half of all holiday sales during 2017, a 38% jump over last year, outpacing total e-commerce sales, up 18% for the season. Amazon also announced it had shipped 5 billion Prime items in 2017.
Azafran Innovacion Ltd is expecting to generate sales revenue of Rs 25 crore (approx $4 million) for the financial year 2017-18 and planning to enter into the home care segment to boost revenues in the coming year.
Next's Christmas trading update Wednesday painted a picture of a company that's recovering, but only very slowly, and one that still faces huge challenges, especially in driving growth at its physical stores.
Future Group is in talks to acquire Snapdeal owned logistics unit Vulcan Express to strengthen its delivery network across India in an all cash deal estimated to be around Rs 50 crore (approx $8 million).
Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim as it retreats from international markets to focus on its core business in Britain, the company said on Tuesday.
In her first results announcement since taking over as CEO, The White Company chief executive Mary Homer reported sales growth and an operating profit rise at the UK-based company, although profit was only up by 2%.
Myntra has said that it sold over 5 million items during its flagship event End of Reason Sale (EORS), held from December 22 to 25, thereby making Myntra’s 7th edition the biggest-ever in terms of sales.