Indian sportswear brand Alcis Sports is expecting its revenue to jump to Rs 28 crore (approx $ 4.3 million) for the current financial year and plans to expand its physical network by opening exclusive brand outlets.
Shortly after announcing plans to open a large scale distribution hub near Bengaluru, Flipkart have announced that it will also open a similar hub near Kolkata as the business seeks to rework its logistics strategy.
According to a report released by Signifyd on Tuesday, total losses of online retailers due to e-commerce fraud rose 7% in 2017, with the beauty and jewelry industries suffering some of the largest increases.
Flipkart will no longer be bearing such a large percentage of discounts offered on merchants’ products as part of sales promotions and will now be asking merchants themselves to bear 60 percent of discounting.
Amazon.com is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay and potentially Alibaba Group Holding.