The Walmart Foundation has pledged to invest Rs 180 crore ($27 million) in Indian farmers. Walmart India will separately increase its direct sourcing from farmers to 25 percent, which will reduce transportation costs.
Danish fashion firm Bestseller United, the biggest investor in Asos, the fast-growing British online fashion retailer, said on Thursday it would reduce its holding by selling a 2.4 percent stake in the firm.
Logistics issues may have been a problem for H&M in the US, France, Italy and Belgium in Q3 but the quarter was mainly about good news as online surged, AI and analytics tech delivered, and sales recovered.
Amazon on Wednesday said it is opening a store in New York City that will sell products ranging from card games to skillets that are highly rated on its website, in the company's latest push into brick-and-mortar retail.
The German wholesale retailer Metro Cash and Carry Private Limited will make over five lakh kirana stores in India digital over the coming three to five years as part of the business’ omni-channel strategy.
Fashion e-tail giant Asos is hosting an event in central London on Wednesday to “bring together brands and inspiring individuals to engage in some of the most important topics facing the fashion industry.”
The BFC launched the organisation’s China Partnerships Strategy in Shanghai this week with Ambassadorial President David Beckham and a number of BFC luminaries on hand to guarantee maximum publicity for the initiative.
Indian e-commerce major Flipkart has acquired Israel-based technology-focused start-up Upstream Commerce for an undisclosed amount, as it looks to strengthen its innovation capabilities across the globe.
There are few more fertile imaginations in European fashion today than Marine Serre. Her clothes are hybrid and experimental; don’t really follow mainstream trends and were shown with zest and novelty Tuesday in Paris.
At a spruced-up pilot store in H&M's home town of Stockholm, the chain founded in 1947 is testing new concepts that mark a break with its past, and partly echo some tactics already deployed by rivals to attract shoppers.