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Tag: clearance

Slow clearance of Chinese goods may put etailers like Amazon, Flipkart in a spot, Retail News, ET Retail

Bengaluru: India’s move to delay Customs clearance for goods, components and raw materials imported from China could hurt companies like Flipkart, Amazon, Snapdeal and Paytm Mall, as it puts at risk categories that contribute over 50% of sales on these ecommerce platforms. Apart from smartphones — which is the largest sales driver for online retailers …

Slow clearance of Chinese goods may put etailers like Amazon, Flipkart in a spot, Retail News, ET RetailRead More

Despite govt clearance, ecomm cos find it difficult to deliver essentials, Retail News, ET Retail

BENGALURU: Delivery of essential items such as food, groceries and medical supplies, ordered by customers from ecommerce sites, has been disrupted even after state governments exempted ecommerce services from the ongoing widespread lockdowns till March 31, prominent etailers told ET. “We are not operational due to restrictions imposed by local authorities on the movement of …

Despite govt clearance, ecomm cos find it difficult to deliver essentials, Retail News, ET RetailRead More

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’

Pier 1 Imports posted another big quarterly loss as the retailer aggressively cleared out goods in anticipation of its merchandising and marketing reset, key elements of its turnaround strategy.  The struggling home décor chain reported a net loss of $100.6 million, or $24.29 per share, in the quarter ended August 31, which includes transformation costs …

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’Read More