Try & Buy Fashions, an Indian start-up offering a close-to-real virtual trial room for online shoppers, has raised $1 million from Mumbai-based early-stage investment firm Venture Catalysts.
Paytm Mall, owned by Paytm E-commerce Pvt Ltd is getting ready to expand its business in the country targeting gross sales of $10 billion by the end of the current financial year.
Walmart posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online purchases showed it can hold its own against Amazon.
Macy’s Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.
The Ministry of Commerce has formulated a draft e-commerce policy that aims to boost domestic start-ups but, following criticism of several aspects of the document, discussions are scheduled and changes may be made.
US-based e-commerce giant Amazon has invested around Rs 2,800 crore into two of its Indian business units to strengthen its foothold in the Indian market.
The Competition CCI has responded to CAIT protests over Walmart’s scheduled 77 percent acquisition of Flipkart stating that discounting is prevalent in Indian e-commerce and this may trigger a probe.
E-commerce major Amazon India has partnered with the Uttar Pradesh government to help entrepreneurs in the region as a part of the government’s One District One Product (ODOP) scheme.
Fashion subscription service Gwynnie Bee is launching the first-ever voice-activated unboxing concept.
Internet giants Amazon, Alibaba and JD.com are reaping the rewards of, and facing the challenges created by, the success of their respective online shopping festivals Prime Day, Singles’ Day and 618.
Virtual reality features are not important to about 48 per cent of the respondents who were surveyed regarding digital in-store experiences by a digital marketing company.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
Flipkart has strengthened its payments business PhonePe with a fresh capital infusion of Rs 452 crore (approx $65.7 million) through its Singapore-based arm Flipkart Payments Pvt Ltd.
Topshop, the British fashion brand majority owned by Philip Green's Arcadia group, said on Thursday it has ended its franchise agreement with Chinese partner Shangpin.
The Confederation of All India Traders (CAIT) will be approaching the court to seek justice after the Competition Commission of India (CCI) gave its clearance to the Walmart-Flipkart deal.
