News

Devin Wenig: I want eBay to have half a billion buyers.

eBay President and CEO Devin Wenig has been talking to eBay sellers and outlining his vision for the company at the eBay Open event in Las Vegas this week. He has said several interesting things at the event, including his belief that eBay could have as many as half...


Alibaba-Backed Ele.me Launches 'Summer War' Against Tencent-Backed Meituan

Chinese e-commerce giant Alibaba is preparing to spend big on the country's food-delivery market, setting aside hundreds of millions of dollars this summer to regain the lead from Tencent-backed rival Meituan Dianping. The Hangzhou-based company will splash a whopping 3 billion yuan in the next three months to help...


Tencent's investment in Pinduoduo could prove good value in battle with Alibaba

Pinduoduo, the Chinese e-commerce group, enables consumers to team up and fight for deals instead. Its pending US listing could give the group a market value of as much as $US24 billion, according to filings. As a social shopping site, Pinduoduo aims to avoid the uncertainties of this bait...


Flipkart Is Finally Shutting Down Ebay.in To Set Up Its Own Refurbished Product Reselling Site

Last year, Flipkart bought eBay's India operations, as part of a funding round in the company that saw investments from Tencent, Microsoft, and eBay ......


Walmart bets on India's small towns to give wings to its retail plans

With a network of 21 stores in Tier II and Tier III cities like Jammu, Rajamundry, Zirakpur and Jalandhar, Walmart seems to be betting on India beyond the metros to understand consumption patterns of businesses in these regions. Even behemoths like Walmart India are betting on it. "Data about...


eBay Offers SMB Lending Through Square, Adds Apple Pay

Square Capital, the lending arm of Square, will use information about eBay sellers, such as their transaction history, to make lending decisions and determine a seller's eligibility. The company will email eligible sellers invitations to apply for a loan starting in Q3. The Utah-based Celtic Bank will issue the...


Why Walmart and Amazon Should Be Scared of This Company

You might not have heard of Reliance Industries, but the company is definitely a force in India. Reliance spent a total of $36 billion to set up its mobile and broadband infrastructure in the country, so it isn't scared of spending big to dominate its markets. Reliance hasn't given...


Apple Pay to become payment method on eBay

If you're already an Apple Pay convert, we have some good news for you: The mobile wallet is about to get much more useful. On Tuesday, eBay said it'll soon accept Apple Pay as payment on it vast online retail platform. Certain retailers will begin accepting Apple Pay in...


Demands For On-Label Disclosure Of Possible Supply-Chain Abuses Fail In Ninth Circuit

Instead of complaining that consumers had been misled by a food label's use of a term such as "Natural," these suits claimed harm from a company's failure to disclose possible human-rights abuses in its supply chain. Under the California Transparency in Supply Chain Act of 2010, companies such as...


Consumers expect retail staff to be trained to manage abusive situations, finds research

The poll found 45% of the customer-facing businesses which were also surveyed said that they are not actively taking any measures to protect their staff. The survey found 40% of consumers would be just as likely or even more likely to visit a store again if an incident was...


EXCLUSIVE Chrono24 says it can help watch brands control grey market bsalesb

Online trading platform Chrono24 has long been considered a root cause of global grey market watch sales, but the company's CEO says the problems can all be traced back to the Swiss watchmaking industry, and his business can actually help to control the problem. "If they want to manage...


Grubhub acquires payments and loyalty company LevelUp for $390M

Grubhub announced this morning that it's agreed to acquire LevelUp for $390 million cash. At the same time, Maloney said LevelUp can help Grubhub build a restaurant platform that goes beyond delivery, for example by managing their customer interactions across mobile and the web. Once the regulatory waiting period...


Big Four Grocers Under The Microscope: Six ways Tesco is deploying retail technology

Tesco highlighted its future direction with two particular actions mid-way through 2018, which comprised the decision to close down its Tesco Direct business and to open a cashless store that included a trial of a 'Scan and Go' type proposition. One of the more exciting areas in retail right...


Africa's fashion boutiques are going global on Instagram and WhatsApp

Instagram alone provides a potential customer base of 1 billion, with 500 million daily users. The scrolling thumbs may not be as intentional as foot traffic to a physical store, but it has brought a global reach to African fashion retailers that was unimaginable just a few years ago....


How this Founder and Former Louis Vuitton Executive is Reenvisioning Retail

Alston shared with me how she's reenvisioning retail, how she mustered up the courage to leave the corporate world, her perspective on consumerism, the challenges of getting to market fit, and more. A fellow founder asked her: how do you know when it's time to leave your job? Her...


Now for Sale: The Empty Space Inside Retailers' Packages

In the sliver of room between a new pair of shoes and the books you ordered online, retailers have found a different way to monetize the empty space in your packages. More than 25 retailers have listed slots for sale in their packages in the weeks since the website,...


The future of retail is smart stores

Shopping malls in the UAE are here to stay the future of retail in the region lies in smart stores that offer carefully curated and memorable experiences for shoppers, experts have noted. Speaking at a media roundtable on Wednesday, Mark Johnson, COO of Retailademy, said that there is a...


Celebrate a local merchant who advocates for retail

NRF's America's Retail Champions program celebrates Main Street retailers who advocate on behalf of the industry. The program offers up to 50 small US retailers a complimentary trip to Washington for the Retail Advocates Summit, where they'll be recognized at a special reception and meet with policymakers....


DC Retail Is All About Hanging Out

Retail isn't dead, but changes to major city centers like D.C.'s Chinatown reflect how businesses are shifting their focus towards becoming places where people can hang out, rather than get in and out quickly. The changes to the 8,698-square-foot store at Oxford Property Group's building reflect a larger shift...


Heineken launches ‘biggest ever’ campaign for alcohol-free beer

The campaign includes a TV advert running across cinema and digital platforms, as well as social media activations and off-trade promotions. The first of a series of three adverts launched during the World Cup semi-final between England and Croatia and will run until September this year. The brand said...