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Tag: Amazon.com

Future’s ‘sabse saste din’ sale to debut on Amazon, Retail News, ET Retail

NEW DELHI: Future Group’s ‘Sabse Saste Din’ sale, centred around Republic Day, will also feature on Amazon.in, reflecting a broadening of the alliance between the two sides, said two persons with knowledge of the matter. Items are offered at a discount during the sale that runs for five-six days at Future Group stores such as …

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E-commerce norms flouted despite Amazon tweaking ownership, Retail News, ET Retail

New Delhi, The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy and fresh rules around FDI in the sector in February this year that forced …

E-commerce norms flouted despite Amazon tweaking ownership, Retail News, ET RetailRead More

How Instagram changed the way we shop, Retail News, ET Retail

By Sarah HalzackThe first year of the decade now drawing to a close — the following headline appeared above a modest 445-word article on a tech-industry website: “Instagram Launches With the Hope of Igniting Communication Through Images.” It’s an almost comically quaint description of exactly what the company has done over the past nine years. …

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Amazon to deliver 3.5 bln packages through own network in 2019, Retail News, ET Retail

Amazon.com Inc said on Thursday it was on track to deliver 3.5 billion customer packages globally this year through its in-house delivery network. Amazon, with its growing network of delivery planes, trucks and vans, is regarded as a potential long-term threat to FedEx Corp and United Parcel Service Inc, both of which have long counted …

Amazon to deliver 3.5 bln packages through own network in 2019, Retail News, ET RetailRead More

Future Retail’s shares surge as regulator approves Amazon investment, Retail News, ET Retail

BENGALURU: Shares in Future Retail Ltd surged 13% on Friday, after antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country’s top retail groups. Future Retail in August announced the deal that would result in the US online retail giant acquiring a 3.58% stake in the company, …

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Amazon uses aggregated seller data to help business, it tells lawmakers, Retail News, ET Retail

By Nandita Bose and Jeffrey Dastin WASHINGTON – Amazon.com Inc uses “aggregated data” from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers. Such data, also culled from public sources and Amazon’s first-party sales, is available …

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Google, Walmart help drive India payments past 1 billion transactions, Retail News, ET Retail

By Saritha Rai A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. giants from Walmart Inc. to Amazon.com Inc. and Google. Indian digital payments took off when the government pushed demonetization in 2016, invalidating most of the …

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Mukesh Ambani gears up for India’s e-commerce giant with $24 billion holding firm, Retail News, ET Retail

NEW DELHI: Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow …

Mukesh Ambani gears up for India’s e-commerce giant with $24 billion holding firm, Retail News, ET RetailRead More

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%, Retail News, ET Retail

EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up to the crucial holiday shopping season. Shares of the company fell 2.73% to $38.13 in extended trading as the holiday quarter typically generates a majority of its annual sales …

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How Amazon.com moved into the business of US elections, Retail News, ET Retail

WASHINGTON: Amazon.com Inc’s cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: US elections. The expansion by Amazon Web Services into state and local elections has quietly gathered pace since the 2016 US presidential vote. More than 40 states now use one or more of Amazon’s election offerings, …

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