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Jeff Bezos to sell Amazon shares worth $1 billion

Indiaretailing Bureau -
This also comes at a time when the billionaire Jeff Bezos sold shares worth $240 million last week New Delhi: Jeff Bezos, the world’s third-richest person, the founder, executive chairman, and former president and CEO of Amazon may sell shares...
E-Commerce

Retail Trends: 5 Companies using AI/AR tools to enhance customer experience

Sanya Arora -
These market leaders have managed to leverage the power of artificial intelligence (AI) and augmented reality (AR) to create market differentiation and delight customers New Delhi: Artificial Intelligence (AI) powered augmented reality (AR) systems use deep neural networks to enhance...
E-Commerce

Consumers spent $6.4 billion on first day of Amazon Prime Day: Study

Indiaretailing Bureau -
This represents a 5.96% growth year-over-year (YoY) for Amazon Prime Day in terms of sales New Delhi: Amazon.com Inc. generated a sale of $6.4 billion on the first day of its flagship shopping event ‘Prime Day’ in the US, according...
E-Commerce

After Cloudtail, Amazon now to delist its second star seller Appario from its platform

PTI -
New Delhi: E-commerce company Amazon India and it’s joint venture partner Patni Group-owned Zodiac Wealth have decided to de-list online seller Appario Retail from the company’s online platform, a joint statement said on Monday. An official source told PTI that the...
Big Grid

Jeff Bezos to step down as Amazon CEO this year

Indiaretailing Bureau -
Jeff Bezos will step down as Amazon CEO and become the company's executive chairman in the third quarter of this year. Amazon Web Services' (AWS) founder Andy Jassy will become Amazon's next chief executive officer. Bezos will become Amazon's executive chairman...
Retail

Amazon invests Rs 11,400 cr in India in FY20 with a long-term view

Indiaretailing Bureau -
US e-commerce giant Amazon has pumped in over Rs 11,400 crore (about $1.5 billion) during FY2019-20 across its marketplace, payments and wholesale business units in India to bolster its position in the country's burgeoning digital commerce market, according to a report...
Food

Vahdam® India appoints Ketan Desai as Chief Tea Educator & Sustainability Officer

Indiaretailing Bureau -
Global wellness brand, VAHDAM® India, has hired ex-tea entrepreneur Ketan Desai as its Chief Tea Educator & Sustainability Officer. Desai has also invested an undisclosed amount in VAHDAM® India, as a mark of his conviction in the brand. He comes comes with...
International News

Amazon reports 37 pc growth in sales, expects bumper holiday season

IANS -
E-commerce behemoth Amazon has reported better-than-expected Q3 results in the pandemic times when people tend to shop more online, as net sales increased 37 percent to US$ 96.1 billion in the third quarter, compared with US$ 70 billion in...
Retail

Amazon flexes muscles but Reliance holds deep war chest

IANS -
The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called ‘gatekeeper for e-commerce’ to keep the reins...
Retail

Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail

IANS -
As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...
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Latest News

Home Decor & FurnishingIndiaretailing Bureau -

Home furnishings brand OBEETEE launches new outlet in Ahmedabad

Located at Bodakdev, the new outlet is the only OBEETEE store to house its complete furniture range Bengaluru: Handcrafted carpets...
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