Italy’s antitrust body has launched a probe into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. On Tuesday, in a significant development, Italy’s antitrust authority disclosed it has begun a probe into five… Read More ›
The firm’s strategic decision to voluntarily file an early protection from bankruptcy in October 2018, gave it some much needed breathing room. On Thursday, Steinhoff International stated its Mattress Firm Inc unit, the largest mattress retailer in the United States,… Read More ›
The closure of Henri Bendel by L Brands Inc, its parent, brings an end to a company which opened its first store in New York’s Greenwich Village in 1895. The owner of Victoria’s Secret – L Brands Inc – stated… Read More ›
Last week, Jeff Bezos, Amazon’s founder and CEO told shareholders in a letter that Amazon India is its fastest growing marketplace: in its first year of Amazon Prime, Amazon added more members in India than any other location in Amazon’s… Read More ›
China’s online and brick-and-mortar retailers world are being forced to take sides as both giants battle it out for dominance over China’s $13 trillion mobile payment market. Chinese tech giants, Tencent Holdings Ltd and Alibaba Group Holding Ltd are forcing… Read More ›
With Channel’s core strategy revolving around the exclusivity of its products its digital initiative is likely to differ from that of its peers, including Gucci, Louis Vuitton, who prefer growth through sales, online and offline. On Monday, Channel, a top… Read More ›
The strategic move by Wal-Mart represents a direct challenge to Amazon’s strategy of dominating the e-commerce space in India, Asia’s third largest economy. As per two sources familiar with the matter at hand, Wal-Mart Inc is in talks to purchase… Read More ›
A deal would enable the firm to have enough financial and market clout to take on e-commerce giants such as Amazon.com As per sources, GGP Inc, one of the largest owners and operators of U.S. shopping centers, has rejected a… Read More ›
While earlier Flipkart was valued at $11 billion, Softbank’s latest valuation pegs it $9 to 10 billion. Japan’s SoftBank Group Corp has offered to buy an undisclosed stake in Indian e-commerce giant Flipkart, and has valued the company in the… Read More ›
With Wal-Mart ramping up its online sales strategy to better fend off Amazon.com Inc, the move is starting to pay dividends. The world’s biggest brick-and-mortar retailer, Wal-Mart Stores Inc has forecast a 40% rise in its U.S. online sales for… Read More ›
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