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Category: India Retail News

The billionaire Boohoo family who started with a market stall in Manchester | Business

Boohoo sells dresses for £5 and jeans for less than £10, but its founders are multimillionaires who are lining themselves up for a £100m payout as online sales soar during the Covid-19 pandemic. In less than 15 years, Boohoo has gone from a three-employee operation to a business with sales of £1.2bn and a 5,000-strong …

The billionaire Boohoo family who started with a market stall in Manchester | BusinessRead More

Flipkart’s 2GUD makes foray into social commerce

Walmart-owned Flipkart on Wednesday announced the launch of social commerce on its 2GUD platform. Consumers on 2GUD’s social commerce platform will be exposed to a feed of videos made by a hand-picked influencer network across various topics and categories, according to a statement. According to a PTI report: These influencers will curate their favourite products …

Flipkart’s 2GUD makes foray into social commerceRead More

Boohoo shareholder sells off shares in firm worth nearly £80m | Business

One of Boohoo’s largest shareholders has sold off more than half its stake in the online fashion retailer, saying its response to reports of poor working conditions in its supply chain had been inadequate. Aberdeen Standard Investments sold off 27m shares this week, worth nearly £80m at Thursday’s closing price, as it said recent events …

Boohoo shareholder sells off shares in firm worth nearly £80m | BusinessRead More

Rs 1 lakh fine for e-tailers if they don’t reveal ‘country of origin’, Retail News, ET Retail

NEW DELHI: E-commerce firms, manufacturers and marketing agencies of imported packaged items face fines of up to Rs 1 lakh and one year jail, if they don’t display the “country of origin” of such products. In its bid to rein in such violators and those falling foul of other provisions of the Consumer Protection Act …

Rs 1 lakh fine for e-tailers if they don’t reveal ‘country of origin’, Retail News, ET RetailRead More

Growel’s 1O1 Mall aligning to the new normal

In an exclusive interaction with Shopping Centre News Bureau, Sachin Dhanawade, Chief Operating Officer, Retail & Real Estate, Grauer & Weil (India) Limited, which operates Growel’s 1O1 Mall, spoke about shopping centres in COVID-19 times, while elaborating on the measures taken by the mall to make it customer-safe post the lockdown period. What are retailers …

Growel’s 1O1 Mall aligning to the new normalRead More

Walgreens (WBA) earnings Q3 2020 swing to a loss

Walgreens Boots Alliance said Thursday that the pandemic hurt its fiscal third-quarter results as fewer people went to the doctor and got prescriptions and the company spent more to staff and clean stores. The drugstore chain said its profits were dragged down primarily by the United Kingdom. They were also squeezed by increased sales of low-margin …

Walgreens (WBA) earnings Q3 2020 swing to a lossRead More