U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.
The Confederation of All India Traders asked the Minister of Commerce and Industry Piyush Goyal to audit Flipkart and Amazon on Monday, believing the e-commerce giants are engaging in deep discounting.
The Union Government’s “Government e-Marketplace” could grow as large as India’s e-commerce giants Flipkart and Amazon, Minister of Commerce and Industry Piyush Goyal said at the IICTF closing ceremony on Sunday.
Avenue Supermarts witnessed a 48 percent jump in its net profit to Rs 327 crore ($46.1 million) for the second quarter ended September 2019 as against Rs 219 crore it had reported the previous fiscal.
The Department for Promotion of Industry and Internal Trade held a meeting with officials from e-commerce biggies like Amazon and Flipkart following a complaint by the Confederation of All India Traders.
Barely a day goes by at the moment when we don’t news about resale and Thursday was no different. H&M said that it has increased its investment in ‘re-commerce’ platform Sellpy and is now its majority owner.
The Bombay Stock Exchange partnered with the Federation of Indian Chambers of Commerce and Industry to encourage growth in the Micro, Small, and Medium Enterprise sector at an event with 40 stakeholders.