E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: Supplying office accessories.
Last week, social media Snapchat announced the launch of its Dynamic Product Ads initiative, which allows a business to automatically generate ads based on the product categories it sells within. These ads can be generated based on a brand’s products, pushed over multiple international markets, and showcase these products in a number of formats.
Oliver Bonas has secured £3.5 million of additional funding from HSBC UK as part of the Coronavirus Business Interruption Loan Scheme (CBILS). The funding has been accessed to support the high street retailer after all its stores were closed during the coronavirus lockdown in the UK and Ireland.
Nike revenue declined 38% in the fourth quarter, falling to $6.3 billion, according to a company press release. The retailer swung to a loss of $790 million, from income of $989 million the year before. That represented a 180% decline.
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