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Otto-Sumisho

German retailer Otto buys Sumitomo of Japan

German mail-order retailer Otto Group is to buy Sumitomo Corporation's 49 per cent stake in joint venture Otto-Sumisho Inc to help reach a goal of 60 billion yen annual sales in Japan by 2010.Though financial details were not disclosed...
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Indian burgeoning e-commerce lowers discounts, focuses on profits, as funding declines

Two-day Phygital Retail Convention deliberates declining consumption disparity New Delhi: Indian e-commerce market is on the rise, but funding from...
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