E-tailers poised to clock $7 bn festive month sales in 2020: RedSeer

Festive sales are expected to almost double this year and touch USD 7 billion in gross merchandise value (GMV) as compared to USD 3.8 billion in the same period last year, according to a report by research firm RedSeer. Based on the strong festive sales performance, e-commerce is expected to …

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Apple to launch India webstore next week, 1st foreign co to sell online before offline

New Delhi: Apple Inc will roll out its own online shop in India next Wednesday, taking advantage of a 2019 legislation that significantly eased norms for single-brand retailers to sell directly to Indian consumers through physical and online channels. With this, the maker of iPhones and iPads will become the …

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Walmart’s Flipkart eyes overseas listing as early as 2021: Sources

By Sankalp Phartiyal and Nivedita Bhattacharjee NEW DELHI/BENGALURU: Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company’s plans told Reuters. Bengaluru-based Flipkart, which vies with players such …

Read moreWalmart’s Flipkart eyes overseas listing as early as 2021: Sources

Walmart’s Flipkart eyes overseas listing as early as 2021: Sources

By Sankalp Phartiyal and Nivedita Bhattacharjee NEW DELHI/BENGALURU: Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company’s plans told Reuters. Bengaluru-based Flipkart, which vies with players such …

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Flipkart’s sales event to create ‘70,000 jobs’

Flipkart, the homegrown e-commerce marketplace, hopes to generate more than 70,000 direct and lakhs of indirect seasonal jobs as the e-tailer gears up for its annual festive sale event, Big Billion Days. While creating direct job opportunities across Flipkart’s supply chain, that include delivery executives, pickers, packers and sorters, there …

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