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Category: India Retail News

Walmart is bringing livestream shopping to TikTok on Friday

A line forms outside of the Walmart in Quincy, MA on April 4, 2020 as the store implements new restrictions on capacity during the coronavirus pandemic. People wait outside wearing masks and distanced apart. Boston Globe | Boston Globe | Getty Images TikTok is venturing into shoppable livestream events, starting with a Walmart partnership this …

Walmart is bringing livestream shopping to TikTok on FridayRead More

150 million people to shop Saturday before Christmas

Window shoppers view holiday decorations at the Williams & Sons Country Store in Stockbridge, Massachusetts, on Dec. 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying to encourage consumers to shop earlier than ever to avoid …

150 million people to shop Saturday before ChristmasRead More

Coca-Cola will cut 2,200 jobs worldwide as part of restructuring plan

Cans produced for Coca-Cola Co.’s Coke drink move along the production line. Chris Ratcliffe | Bloomberg | Getty Images Coca-Cola will cut about 2,200 jobs in its global workforce as part of a broader restructuring plan that was accelerated by the coronavirus pandemic. In the United States, Coke will use layoffs and buyouts to eliminate …

Coca-Cola will cut 2,200 jobs worldwide as part of restructuring planRead More

Evans saved but closure of all stores risks hundreds of jobs | Business

The plus-size clothing brand Evans has been bought out of administration in a £23m deal that will result in the closure of all its stores and concessions with the potential loss of hundreds of jobs . The chain is the first part of Sir Philip Green’s Arcadia Group to be sold off, marking the beginning …

Evans saved but closure of all stores risks hundreds of jobs | BusinessRead More

CAIT says Amazon’s arbitrary policies to dominate India’s retail trade should end, Retail News, ET Retail

NEW DELHI: Trader’s body CAIT on Monday said Amazon‘s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group‘s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected …

CAIT says Amazon’s arbitrary policies to dominate India’s retail trade should end, Retail News, ET RetailRead More

Boohoo hires new auditor after PwC quit amid governance allegations | Boohoo

The online fashion retailer Boohoo has hired a new auditor after the resignation of the “big four” accountancy firm PwC amid accusations that workers’ health and rights had been put at risk and some were underpaid. Boohoo, which is controlled by its billionaire co-founder Mahmud Kamani, announced on Monday that it had appointed PKF Littlejohn, …

Boohoo hires new auditor after PwC quit amid governance allegations | BoohooRead More

Kidswear registers highest growth on Myntra in 2020, Retail News, ET Retail

New Delhi: Kidswear category has registered 90 percent growth on Myntra in 2020 over the last year making it the highest growing segment on the platform, the fashion retailer said. This may be attributed to the growing attractiveness of online shopping, from the perspective of safety, during the pandemic, said Myntra. The category also performed …

Kidswear registers highest growth on Myntra in 2020, Retail News, ET RetailRead More

Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall short

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. For next quarter, typically its best of the year, the Olive Garden parent …

Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall shortRead More

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