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Day: April 1, 2020

The Treasury should be wary of giving a bailout to Virgin Atlantic | Business

You have to admire Sir Richard Branson’s tactics. A begging letter from an island-dwelling billionaire doesn’t gain sympathy. A co-ordinated lobbying campaign that involves Airbus, Heathrow airport and Rolls-Royce – all big employers in the UK – gets noticed at the Treasury. And, naturally, one can see why the trio want Virgin Atlantic to survive, …

The Treasury should be wary of giving a bailout to Virgin Atlantic | BusinessRead More

BigBasket, MedLife, Grofers up hiring as demand spikes due to Covid-19 lockdown, Retail News, ET Retail

Bengaluru: Online grocers and pharmacies are pulling out all the stops to hire manpower to fulfil deliveries of essential items at a time when demand has seen an unprecedented spike due to the ongoing Covid-19 lockdown. And this includes roping in idle staff at restaurants and taking help from job portals. India’s biggest delivery brands …

BigBasket, MedLife, Grofers up hiring as demand spikes due to Covid-19 lockdown, Retail News, ET RetailRead More

Nykaa raises Rs 100 crore from Steadview Capital

Nykaa, an omnichannel retailer, on Tuesday said it has raised Rs 100 crore from Steadview Capital at an undisclosed valuation.Steadview is already an investor in the company started by Falguni Nayyar, an investment banker turned entrepreneur. According to a PTI report: This is a primary investment by Steadview in the nearly eight year-old venture and …

Nykaa raises Rs 100 crore from Steadview CapitalRead More

Supply chain stressed due to coronavirus

Dollar Tree CEO Gary Philbin said Wednesday the retailer’s supply chains have “been stressed” from a spike in coronavirus-related demand, but he sought to reassure customers that more products are on their way.  “As our trucks show up to stores we probably have enough for a day or a day and a half, but more …

Supply chain stressed due to coronavirusRead More

As ecommerce grows, online shoppers are getting more bang for their buck, index suggests

What shoppers put in their basket has changed radically The rise in ecommerce is driving increased sales of some key items – and falls in sales of others – but it is also seeing shoppers get more for their money.   So finds Adobe, which on analysing trillions of online transactions across 100 million product …

As ecommerce grows, online shoppers are getting more bang for their buck, index suggestsRead More

Sales of board games and jigsaws soar during coronavirus lockdown | Business

Sales of boardgames and jigsaw puzzles soared 240% during the first official week of coronavirus lockdown in the UK as families turn to traditional pursuits to while away the hours stuck at home. Monopoly Classic was the best selling game with Cluedo, Scrabble and card games Uno and Dobble also in the top ten, according …

Sales of board games and jigsaws soar during coronavirus lockdown | BusinessRead More