Italy fines Amazon 10 mln euros for alleged unfair commercial practices
The Economic Times | Retail News
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2h ago
Amazon "significantly restricted consumers' freedom of choice" by automatically pre-setting a 'Subscribe and Save' option on its website for a wide selection of products, the watchdog said ..read more
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PhonePe’s Pincode exits non-food categories in ecommerce business rejig
The Economic Times | Retail News
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19h ago
PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network ..read more
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Flipkart Ventures to fund, mentor GenAI-based early stage startups
The Economic Times | Retail News
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2d ago
Flipkart Ventures' Flipkart Leap Ahead (FLA) programme accelerates early-stage startups with USD 200,000 to USD 500,000 equity investments, mentorship from industry veterans, and a focus on GenAI solutions for hyper-growth ..read more
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Flipkart’s supply chain head Hemant Badri to lead quick commerce business
The Economic Times | Retail News
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3d ago
Flipkart's quick commerce, led by Hemant Badri, to launch in July with dark stores setup. Potential deals with Zepto and Dunzo didn't progress. Swiggy integrates Mall with Instamart ..read more
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Zando launches international unit to counter Shein and Temu in South Africa
The Economic Times | Retail News
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6d ago
The rapid rise of Shein and Temu - driven by robust demand for their low-priced apparel like $10 tops and $5 biker shorts - is putting pressure on local brick-and-mortar and online fashion retailers to find ways to respond to their budget prices ..read more
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Exclusive: Flipkart’s talks to buy majority stake in Zepto falter; quick commerce startup opts for financial investors
The Economic Times | Retail News
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6d ago
The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the likes of General Atlantic, ADIA, among others ..read more
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Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
The Economic Times | Retail News
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1w ago
The online retailer said about 140 stores use the system, known as "Just Walk Out," which allows customers to scan an app to enter a store and leave with their items without paying at a register. Amazon will more than double that number this year ..read more
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'Gift coupon, gold coins': Myntra ordered to pay Rs 28,000 in damages to 2 Bengaluru customers
The Economic Times | Retail News
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1w ago
Bengaluru commission penalizes Myntra for unfair trade practices, compensates Roopini and Komal. Orders refunds, compensations, punitive damages, and interest. Violation of Consumer Protection Act, 2019 noted in fraudulent transactions and unauthorized cancellation ..read more
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Complaint filed against Flipkart, BigBasket for allegedly making employees work on election day
The Economic Times | Retail News
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1w ago
Complaint filed against Flipkart and BigBasket for making delivery boys work on voting day despite government holiday declaration. Flipkart ensures paid holiday and promotes voting awareness ..read more
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D2C brands cough up 30-45% commission for a spot on quick-commerce platforms
The Economic Times | Retail News
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1w ago
Direct-to-consumer (D2C) brands rushing to get listed on quick-commerce platforms are shelling out between 30-45% as commissions, compared to the 10-20% that large, more established FMCG companies pay ..read more
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