Retail Sector

Amazon threatens Zomato and Swiggy with its Food Delivery Service in India

Amazon threatens Zomato and Swiggy with its Food Delivery Service in India

Zomato and Swiggy have been facing tough time to improve their margins and make money in highly competitive food delivery space.

J.C. Penney files for bankruptcy in Texas

J.C. Penney files for bankruptcy in Texas

118-year old US department store chain JC Penney has filed for bankruptcy protection in Corpus Christi, Texas amid coronavirus pandemic-led lockdowns.

Reliance-Facebook Deal will help Jio Retail launch Shopping via WhatsApp

Reliance-Facebook Deal will help Jio Retail launch Shopping via WhatsApp

Facebook recently announced investment in Reliance Platforms and the deal will boost Reliance Jio’s presence in Indian retail via Facebook’s social networking app WhatsApp.

24/7 Malls and Multiplexes in Mumbai will boost Real Estate and Economy: ANAROCK Retail

24/7 Malls and Multiplexes in Mumbai will boost Real Estate and Economy: ANAROCK Retail

Mumbaikars will soon have the option for eating, shopping and entertainment round the clock.

Retail Leasing Activity Drops 35 Percent in Major Indian Cities: ANAROCK Report

Retail Leasing Activity Drops 35 Percent in Major Indian Cities: ANAROCK Report

Commercial Real Estate sector depends heavily on trends in the retail market and with consumption declining in India, retail space leasing activity in seven major Indian cities has dropped by 35 pe

Amazon.com shrugs off recession, boosts earnings, sales

Amazon.com shrugs off recession, boosts earnings, salesSan Francisco - Amazon.com posted an 18-per-cent boost in sales and a 24 per cent rise in profits as the online retail giant shrugged off the effects of the economic downturn.

The Seattle-based retailer said that it earned 177 million dollars in the first quarter, compared to 143 million dollars a year ago. Sales were up to 4.89 billion dollars compared to 4.13 billion dollars a year ago.

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