Commerce

Myntra enters India’s quick-commerce race with 30-minute apparel delivery

Commerce /

Apparel and accessories platform Myntra on Thursday launched “M-Now,” its quick-commerce offering that promises to deliver apparel and accessories within 30 minutes. Retailers in India are rushing to meet changing consumer behavior and expectations, particularly fast deliveries of groceries, beauty and lifestyle products within an hour. Myntra said M-Now will offer customers access to 10,000 […]

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EU could target ultra low-cost e-tailers like Shein and Temu with package handling fee or import tax

Commerce /

The European Union is drowning under cheap packages coming from Asian online retailers, starting with ultra low-cost e-tailers AliExpress, Shein and Temu. The Financial Times has learned that the EU is considering a crackdown on such imported goods due to safety and counterfeiting concerns. The issue is there are currently no custom duties on goods

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Cyber Monday: $49.7B spent online globally, Cyber ‘Week’ totalled $314.9B

Commerce /

The figures are now in for spend on Cyber Monday, the third big online spending day — alongside Thanksgiving and Black Friday — in the first, critical week of the holiday shopping season.  Overall, as many U.S. consumers returned to work after the long weekend, online shopping continued to power ahead spurred by big discounts

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Swiggy scales 10-minute food delivery to 400 cities in quick-commerce push

Commerce /

Swiggy, a leading food delivery and quick-commerce app in India, said on Monday that it has expanded its 10-minute food delivery service, Bolt, to more than 400 cities and towns across the country. The Bengaluru-headquartered startup, which went public last month, said it has partnered with over 40,000 restaurants, including global chains KFC, McDonald’s, and

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Thanksgiving 2024: $33.6B spent online, 72% of that on mobile, says Salesforce

Commerce /

Thanksgiving weekend has long been seen as the traditional start of the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and said that yesterday, Thanksgiving, generated $33.6 billion in sales online globally, up 6%.

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Early Thanksgiving online sales numbers are up 7% YoY to $15.6B, on par with pre-pandemic trends

Commerce /

Thanksgiving weekend has long been seen as the traditional start to the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and has just put out its first figures for the day. It says that

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Entrepreneur Marc Lore on ‘founder mode,’ bad hires, and why avoiding risk is deadly

Commerce /

Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making

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Zepto raises another $350M amid retail upheaval in India

Commerce /

Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal

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