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Tag: firms

Online buying up, e-comm firms’ sales surge past pre-Covid levels, Retail News, ET Retail

BENGALURU: E-commerce companies have not just recovered, but surpassed pre-Covid-level sales as more people shop online due to the pandemic. The daily shipment volumes are back at over 3 million per day with visible signs of demand holding firm over the next couple of months, with people continuing to limit their visits to physical stores, …

Online buying up, e-comm firms’ sales surge past pre-Covid levels, Retail News, ET RetailRead More

FMCG firms report sales growth in June as supply chains stabilise

Several FMCG companies have reported sales growth in June and expect the momentum to continue in Unlock 2.0, though some challenges persist. According to a PTI report: Firms such as Godrej Consumer Products Ltd (GCPL) and Marico expect overall growth in the April-June quarter, which was severely impacted due to the coronavirus lockdown. GCPL expects …

FMCG firms report sales growth in June as supply chains stabiliseRead More

Sunak considers £500 vouchers for all UK adults to spend in Covid-hit firms | Politics

Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at …

Sunak considers £500 vouchers for all UK adults to spend in Covid-hit firms | PoliticsRead More

Musical instrument firms Roland and Korg fined £5.5m over UK price fixing | Competition and Markets Authority

The keyboard and electric drum kit makers Roland and Korg have been fined a combined total of £5.5m, as part of the UK competition watchdog’s crackdown on price fixing across the musical instrument industry. The Competition and Markets Authority (CMA) said the companies had breached competition rules by restricting online discounting of their musical instruments. …

Musical instrument firms Roland and Korg fined £5.5m over UK price fixing | Competition and Markets AuthorityRead More

Government provides further support for High Street firms

The UK Government has extended measures to prevent struggling companies from eviction over the summer. The extension, until the end of September, comes alongside further support to help local businesses plan for economic recovery following the coronavirus pandemic. A new Code of Practice has been developed with leaders from the retail, hospitality and property sectors …

Government provides further support for High Street firmsRead More

Now, non-hyperlocal delivery firms help ease supply woes, Retail News, ET Retail

Chennai: It takes upto 5 days to get a slot for grocery delivery from online grocery platforms such as BigBasket or Grofers. Following food delivery firms which recently began delivering grocery, clutch of companies which are not traditionally operating in the hyperlocal delivery space are now selling essentials online and promising delivery within 24 or …

Now, non-hyperlocal delivery firms help ease supply woes, Retail News, ET RetailRead More

For e-commerce firms, April may be the cruellest month, Retail News, ET Retail

Bengaluru: E-commerce firms in India, including leaders Amazon and Flipkart, will take a major hit if sales of non-essential items continue to be restricted and the lockdown is prolonged, industry executives and analysts said. Smartphones, electronics, furniture, large appliances, among others, have been categorised as non-essential items in the current situation, but contribute more than …

For e-commerce firms, April may be the cruellest month, Retail News, ET RetailRead More

For small firms, delivering goods is still a struggle, Retail News, ET Retail

BENGALURU: Surat-based Aarti Sharma (name changed), who sells garments through a social media platform and typically earns Rs 10,000 on average each month, has not shipped any order in the last three weeks. “I have goods worth Rs 8,000 stuck in transit. I couldn’t make my loan payment for the first time in three years,” …

For small firms, delivering goods is still a struggle, Retail News, ET RetailRead More

Amazon wins trademark case in boost for online retailers vs luxury firms, Retail News, ET Retail

By : Foo Yun Chee BRUSSELS : Amazon is not liable for unknowingly stocking goods for third-party sellers that infringe trademarks, Europe’s top court said on Thursday, handing online retailers a victory in their battle against luxury goods companies. The case, brought by U.S. cosmetics company Coty’s German unit, illustrates the tension between brand names …

Amazon wins trademark case in boost for online retailers vs luxury firms, Retail News, ET RetailRead More

Groceries from the dry-cleaner? UK firms switch to food delivery | Business

Available slots for supermarket deliveries may be rarer than hens’ teeth, but an army of small firms are finding new ways to feed and water the nation – and keep themselves in business in the process. Some entrepreneurs who have never dabbled in food and drink before are now doing so. The London-based company I …

Groceries from the dry-cleaner? UK firms switch to food delivery | BusinessRead More