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Walmart in Talks to Buy More Than 40% of India’s FlipKart

“It would be part of a huge e-commerce push that has seen Walmart acquire a slew of start-ups including paying roughly $3 billion for online retailer Jet.com” writes Min Read for reuters.com. It is also looking into expanding into grocery deliveries. “Walmart’s expertise in selling groceries and low-cost apparel could help Flipkart remain ahead in India’s e-commerce market,” said Satish Meena, senior analyst at Forrester.Besides its own e-commerce site, Flipkart owns fashion portals Myntra and Jabong, and controls nearly 40 percent of India’s online retail, ahead of Amazon, according to…

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China urges shoppers to turn their backs on foreign goods after Heathrow duty free row

“The claims went viral, forcing the airport and retailer to apologise” writes Neil Connor for telegraph.co.uk. It came after an employee at retailer World Duty Free, which is located at Heathrow, alleged that the store was offering 20 percent discounts on the next visit for consumers who spent £79 or more – but people travelling to China had to spend £1,000. Source: telegraph.co.uk Share This:

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Morrisons to supply C.I. retailer Sandpiper

“Wm Morrison Supermarkets PLC (MRW.LN) said Tuesday that it will become a long-term franchise and wholesale supply partner for Sandpiper CI, a Channel Islands retailer” writes Maryam Cockar for marketwatch.com. The FTSE 100-listed supermarket said most of Sandpiper’s 43 sites will convert into Morrisons Daily stores and the company will supply both Morrisons own brand and branded products.Morrisons will supply Safeway brand and other branded products to the remaining Sandpiper stores.The company didn’t disclose any financial details of the agreement. Source: marketwatch.com Share This:

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Why Amazon’s Grocery Store May Not Be the Future of Retail

“Amazon has already benefited from the industry buzz around its concept store, which could very well set customer expectations for the in-store experience of the future” reports hbr.org. Does Amazon Go signal that smartphone apps and virtual carts will replace checkouts in grocery stores?. Most retailers will likely find the initial costs too high and benefits too uncertain to immediately follow in Amazon’s footsteps.But other retailers will most likely find the initial costs too high and benefits too uncertain to immediately follow in Amazon’s footsteps. Source: hbr.org Share This:

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Jobs under threat as Warren Evans falls into administration 

“Bed and furniture retailer Warren Evans collapsed into administration on Tuesday, putting almost 300 jobs at risk” writes Jeremy Warner for telegraph.co.uk. Duff & Phelps, which had been searching for a new investment partner for Warren Evans, said the search had proved “ultimately unsuccessful”, leaving no option but for the retailer to go into administration. These acquisitions were part of DFS’s plan to snap up more market share amid a “very challenging market”, which caused its profits to tumble 22pc in the year to July 29.It comes amid a wealth of…

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UK Retailers Boycotting Certain Xbox Products – IGN News

“Essentially, it’s made [our Xbox business] worthless overnight,” one UK retailer told the outlet” reports ign.com. Microsoft recently announced all games from Microsoft Studios will be added to the Xbox Game Pass subscription service at launch, including the upcoming Sea of Thieves, and while that sounds like great news for gamers, some retailers are unhappy with the announcement.Of course, it is important to note Microsoft would not see a share specifically of used games sales from these retailers.The general consensus amongst the many business owners who were asked about Xbox Game…

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Retailer of sports tape used by Andy Murray to pay out after false advertising claims

“The retailer of a popular new age sports tape worn by Andy Murray is preparing to compensate thousands of customers following allegations of false advertising” writes Henry Bodkin for telegraph.co.uk. US customers who purchased any of 16 KT products can now apply for compensation after a federal court ordered the company to advertise the class action.Now, however, the owner of one of the leading US brands selling the strapping, KT Tape, has formally agreed to set aside more than £1.2 million to settle allegations it exaggerated the product’s capabilities. Source: telegraph.co.uk…

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US sales of outdoor equipment slump as consumer habits shift

“Snow industry sales, which include skis, snowboards, boots, bindings and other equipment, are faring better than the larger outdoor industry” reports foxbusiness.com. “I think the outdoor industry has not responded enough to this shift in the mindset of consumers,” he said.The outdoor gear industry brought its biggest winter marketplace to Denver this week as it faces slipping sales and shifting U.S. consumer habits. Source: foxbusiness.com Share This:

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