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.
When many West Coast residents think of Macy's, they think of San Francisco. For almost 75 years, Macy's has been a Union Square retail destination. On June 19, the Union Square flagship store reopened after three months of closure due to COVID-19.
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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PetCare is booming. The number of US households with pets has exceeded those with children by some 30 million. According to the American Pet Products Association (APPA), some $72 billion was expected to be spent on pets in 2018, compared with $43 billion 10 years earlier. From nutrition-specific foods to doggy DNA tests and app-connected food bowls, pet-related products are feeding industry with sales 3X that of children's toys!