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Flipkart Grocery sets up warehouse in Lucknow, to create over 500 direct jobs

Walmart-owned Flipkart on Monday announced the launch of its first grocery fulfilment centre in Lucknow that will create over 500 direct jobs. Spread across an area of nearly 50,000 sq ft, the facility will support Flipkart's ability to deliver...

Flipkart, Jio deals push VC inflows to $3.6 billion in September quarter: Report

Despite the pandemic-driven recession, venture capitalists continued to invest dollars into the country with September quarter seeing investment inflows more than doubling to US$ 3.6 billion over April-June, says a report. In June quarter, which was marked by very strict...

Sellers from tier II towns and beyond see jump in orders in Flipkart, Amazon festive sale

Walmart-owned Flipkart and Amazon India on Sunday said lakhs of sellers, including a significant chunk from tier II cities and beyond, have received orders during the initial days of festive sale on their platforms. According to a PTI report: The...

Retailers join festive cheer as Flipkart Wholesale and Best Price stores host The Big Billion Days

India’s homegrown Flipkart Group is set to bring festive cheer to millions of retailers and small businesses in the country with the launch of ‘The Big Billion Days’ sale across Best Price cash-and-carry stores as well as on the...

Walmart, Flipkart Group make fresh investment in Ninjacart

Walmart and the Flipkart Group on Monday announced a fresh round of investment in Ninjacart, a Bengaluru-headquartered supply chain platform that sources fresh produce directly from farmers and quickly delivers them to retailers and businesses. This follows the investment made...

COVID-19 helps accelerate transition towards digital payments in India’s retail industry

The COVID-19 pandemic has caused a fundamental shift in the way customers make their retail payments, particularly in the emerging economies like India. Though customers were slowly marching towards digital payments over the past few years, the COVID-19 crisis...

As the pandemic continues, Walmart’s e-commerce sales jump 97 percent

The pandemic continues to wreak havoc on the world, crippling businesses due to increasing unemployment, drastically low demands, and interruptions to logistics. As businesses fail to get a hold of the situation, there’s one company that’s showing tremendous results...

Multichannel Retail and COVID-19 Report: Online and physical sales channels form a highly competitive single retail market

A new report titled 'Multichannel Retail and COVID-19' by GlobalData, finds that shopping habits in the US and Europe shifted dramatically because of disruption caused by the pandemic, driving rapid adoption and growth in buy online, pick up in-store...

Tencent invests US$ 62.8 million in Flipkart

Tencent has invested US$ 62.8 million in Indian e-commerce giant, Flipkart, according to filings sourced by paper.vc. “There is the possibility though that Tencent’s investment is the first money in, as part of this larger round involving Walmart and other...

What’s next for food retail self-checkout?

Fast, easy and helpful - those were some of the early reviews of Walmart’s new experiment with self-checkout, an effort that could help influence the broader future of the transaction method for food retailers. Earlier this year, the chain started...
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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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