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Tag: seeks

Retail Ecommerce Ventures Seeks to Add Stein Mart to its Growing Portfolio

Retail Ecommerce Ventures placed a $4 million stalking horse bid for the intellectual property of Stein Mart through a majority-owned subsidiary called Stein Mart Online. The assets available for sale include the Stein Mart brand as well as its private label brands, domain names, social media assets and customer data. Retail Ecommerce Ventures has acquired …

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Brooks Brothers files for bankruptcy, as it seeks buyer, closes stores

The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers  — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. The retailer, which is more than two centuries old, boasts of having dressed …

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Draft ecommerce policy seeks to set up regulator, restrict data storage, Retail News, ET Retail

Amazon, Flipkart, Facebook, YouTube and other companies that store or mirror Indian users’ data overseas will be subject to periodic audit, according to a draft ecommerce policy that will soon be made public. Ecommerce companies will have to make available any data the government seeks within 72 hours or pay a penalty, according to the …

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HC seeks Centre’s stand, Retail News, ET Retail

The Delhi High Court on Wednesday sought response of the Centre on a plea seeking directions to it to ensure that the name of the manufacturing country is displayed on products being sold on e-commerce sites. A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce …

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Modell’s seeks bankruptcy suspension as coronavirus impairs liquidation sales

Dive Brief: Modell’s Sporting Goods filed for a reprieve in its Chapter 11 bankruptcy case, asking the court to approve a 45-day bankruptcy and operating suspension due to the impacts of the coronavirus outbreak on Modell’s store closing sales. The retailer had planned to liquidate its entire 134-store footprint. In court documents, the retailer asserted …

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Cait seeks restriction on eCommerce players, Retail News, ET Retail

NEW DELHI: The Confederation of All India Traders (Cait) Monday sought the intervention of India’s Commerce Minister Piyush Goyal to curb the sale of electronic products on popular eCommerce sites such as Amazon and Flipkart, and a restriction to supply only essential commodities in the wake of Covid-19 pandemic. “We have urged the government to …

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Govt seeks views from ecommerce companies over digital trade policy, Retail News, ET Retail

New Delhi, Mar 21: The government today sought inputs from leading e-commerce companies to help frame a policy framework to govern the sector. A meeting was held today with representatives of companies like Flipkart, Snapdeal, Wipro, and industry bodies Nasscom, CII and FICCI as well as officials from RBI and NPCI to discuss various issues, …

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CAIT seeks audience with Trump to raise concern over biz practices of Amazon, Flipkart, Retail News, ET Retail

NEW DELHI: Traders’ body CAIT on Thursday said it has sought an audience with US President Donald Trump, who will be visiting India on February 24-25, to express concern over business practices being followed by American companies like Amazon and Walmart-owned Flipkart in India. “We will apprise him of the practices being adopted by US …

CAIT seeks audience with Trump to raise concern over biz practices of Amazon, Flipkart, Retail News, ET RetailRead More

Amazon moves Bengaluru HC, seeks stay on CCI’s probe order, Retail News, ET Retail

New Delhi: E-commerce giant Amazon, on Monday filed a writ petition in the Bengaluru High Court, demanding a stay on the investigative order against the company for alleged business malpractices. In its plea dated February 10, Amazon said that the order issued by the Competition Commission of India (CCI) “has been passed without application of …

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Forever 21 seeks to sell itself at auction to keep brand alive

Get great content like this right in your inbox. Subscribe Forever 21 is running out of options. The fast-fashion retailer has asked a bankruptcy court to approve an auction, an option that the chain hopes would keep it alive as a going business. Forever 21 filed for Chapter 11 bankruptcy protection in September, with a …

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