Page 16 - Ecommerce
Over 2 years after Covid outbreak, consumer firms see strong festival sales
The sentiment is robust even in the consumer durables segment
 "Over 2 years after Covid outbreak, consumer firms see strong festival sales")
Profits elusive for Amazon India despite $6.5 bn investment: Bernstein
Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group
 "Profits elusive for Amazon India despite $6.5 bn investment: Bernstein")
Credit cards gain more currency pipping debit cards for e-commerce
They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans
 "Credit cards gain more currency pipping debit cards for e-commerce")
Ahead of festive season, Amazon, Flipkart scale-up facilities across India
E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year
 "Ahead of festive season, Amazon, Flipkart scale-up facilities across India")
Flipkart's social commerce arm Shopsy hits 100 mn users ahead of timeline
Top exec says about half of Shopsy's customers are new to e-commerce, market is large enough to onboard another 100 million users by next year on Shopsy
 "Flipkart's social commerce arm Shopsy hits 100 mn users ahead of timeline")
E-commerce company Wayfair lays off 870 people, 5% of its global workforce
E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company's global workforce, as growth it anticipated has not materialised this year.
 "E-commerce company Wayfair lays off 870 people, 5% of its global workforce")
Amazon Great Freedom Festival sale goes live for Prime user: Details here
Amazon is offering major deals and offers during the Great Freedom Sale 2022 on mobile phones, laptops, TVs, wearables among a wide range of electronics
Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding
Founded in February 2022, Bundle O Joy helps parents to find products in apparel, footwear, toys, books, and accessories
 "Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding")
New e-commerce policy may allow only third party items on e-marketplaces
The proposed policy seeks to ensure that e-commerce marketplaces sell only third-party products on their platform
 "New e-commerce policy may allow only third party items on e-marketplaces")
Amazon Prime Day Sale 2022: Top deals on smartphones, electronic items
Amazon is offering an instant discount of up to10 per cent on purchases made using SBI and ICICI bank cards
No immunity for e-tailers over fake products sold online: Parliament panel
E-marketplaces have claimed that since inventory is not controlled by them, they should not be liable for any dispute with sellers
 "No immunity for e-tailers over fake products sold online: Parliament panel")
Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on
Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer
 "Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on")
448 notices served to e-commerce entities for violations of declaration
As many as 448 notices were served to e-Commerce entities for violations of the declaration during the last one year and nine months and approx Rs 78 lakh penalty was charged from companies
 "448 notices served to e-commerce entities for violations of declaration")
ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access
The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong
 "ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access")
Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas
Meesho discovered its successful business model the hard way
 "Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas")
Nykaa's parent FSN E-commerce soars 5% after men's innerwear brand launch
Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men's innerwear
 "Nykaa's parent FSN E-commerce soars 5% after men's innerwear brand launch")
SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year
Multiple new categories and business models have emerged in the last two years in the area of e-commerce
 "SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year")
ONDC to give public access by August, has 150 entities on board yet
Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps
 "ONDC to give public access by August, has 150 entities on board yet")
E-com platforms not publishing negative ratings/reviews in India: Report
More than one in two (58 per cent) consumers complain that their negative product ratings and reviews are not being published by e-commerce platforms, a new report showed on Tuesday
Millions of customers shopped during End Of Season Sale event: Flipkart
Flipkart said it saw a resurgence in consumption and a drastic increase in engagement post the pandemic during the company's End of Season Sale
 "Millions of customers shopped during End Of Season Sale event: Flipkart")