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India is a huge investment opportunity for us: Amazon

E-commerce giant Amazon remains bullish on India, introducing new features for customers and sellers, even as the region continues to weigh heavy on the US-based company's finance. For the December quarter, Amazon's International business posted an operating loss of USD...

Amazon unveils private label dress shirts for men

On December 6, 2016, Amazon announced Buttoned Down, a private-label shirt brand with a starting price of $39.99 and available to members of Amazon Prime. The company said it plans to expand into dress pants, sport shirts and sweaters in...

Amazon plans to open grocery convenience stores: Report

A Wall Street Journal report claimed that Amazon hopes to open convenience stores where you'd buy meat, veggies and "other perishable items" that you take home like you would from any brick-and-mortar store. The Journal cited unnamed sources as saying Amazon...

Online retailers bet big on premium services to lure customers

E-commerce players in India have been in a slugfest from time immemorial, all in a bid to conquer the top slot. And this festive season is no different. It was always expected that the funding freeze in India's e-marketspace as well as the...

Amazon invests Rs 115 cr into its wholesale business

According to regulatory filings, Amazon has committed more money to grow its wholesale business in India and has infused a fresh capital of 115 crore in the unit. The new investment will take the total capital raised by the...

Amazon.in launches Amazon Pantry in Hyderabad

Amazon.in on Wednesday announced the launch of Amazon Pantry for customers in Hyderabad. Using Amazon Pantry, customers can now shop for over 4,000 everyday essentials such as groceries and household products on the website and mobile, fill a virtual box...

Study claims Amazon makes customers pay more for popular products

Online shopping portal Amazon's algorithms make customers pay more for popular products giving prominence to items that benefit the retail giant, a study by ProPublica says. ProPublica on Tuesday said it reviewed 250 frequently purchased products over several weeks to...

Snapdeal takes on Amazon Prime, Flipkart Assured with 'Snapdeal Gold'

Online marketplace Snapdeal recently announced the launch of premium service, Snapdeal Gold to take on its rival Flipkart's Assured and Amazon's Prime services. While Amazon Prime, the membership programme of Amazon, has been launched for an initial price of Rs.499, Snapdeal Gold’s services are free of cost for its customers. Under the services, Snapdeal will offer its customers free shipping, free upgrade to next-day-delivery and extended 14-days return period on their orders. On the other hand, under Flipkart Assured, goods undergo a six level quality check and the company aims to offer large part deliveries to be done within two to four days. “Our team met over 10,000 customers across the country to identify the key services they desire from...

Day 1 of Great Indian Sale becomes the biggest day ever for Amazon India

The first day of Amazon India "Great Indian Sale" creates history in terms of number of products sold on the platform. The company said in a statement that Amazon India saw "the first 100K units sold at midnight" just...

Amazon quarterly profit jumps nine-fold to $857 million

E-commerce major Amazon in its statement today announced profit in the second quarter to surge nine-fold to USD 857 million, lifted by cloud services as the tech giant expanded its offerings. As per the statement, the revenues jumped 31 per...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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