Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its Singapore-incorporated company to a private limited firm, in a move that could make a way for a new strategic investor.
A recent study from Astound Insights claims that while the Seattle-based e-commerce giant is growing in popularity in the fashion sector, its failings leave the door open for other retailers to expand their market share.
Kohl's tapped 30-year retail veteran Doug Howe as new chief merchandising officer. He will lead a transformation strategy for all merch functions including buying, planning, product design and development, and sourcing.
The virtual fitting room solution announced on Monday that it has appointed industry veteran Carmen Ayala as vice president of sales, tasked introducing the platform to new designers and fashion brands.
United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods as it looks to cash in on one the fastest growing segments of online retail.
The planned merger between Sainsbury's and Asda, the UK arm of Walmart, sent shockwaves through British retail stocks on Monday as investors sought to adjust to a potentially game-changing overhaul of the industry.