US retailer Gap will launch 10 new stores in China within two months, UK’s Iceland Foods continues its expansion in Ireland with another store, and Apple puts its online TV plans on hold in favour of its App store. Also, find out what Tesco and Aldi are planning for Christmas. All these stories and more feature in today’s edition. If you enjoy the read, please share — RetailUpdate is still FREE.
Flipkart offers easy loans To encourage loyalty, the online marketplace is offering easy working capital loans to all of its 80,000 merchants. This follows an initial trial of offering loans to just 250 merchants.
Nasscom calls for uniformity The IT industry body has called for Karnataka government, in South West India, to adopt a uniform tax policy with e-commerce companies. Taxation currently varies from state to state, resulting in inappropriate tax levels, according to Nasscom.
IFE China International Food Expo
As the most accredited platform beneficial for trade and business, IFE China attracted 1378 exhibiting companies and 50,000 buyers join together IFE 2015. IFE China concentrates on importing foods into China, which provide professional, efficient, economical service, providing a platform for the exporters to show their company and food product. For more details:
Ollie's continues to grow Pennsylvania-based retailer Ollie's Bargain Outlet has beaten analysts' expectations. The company's same-store sales grew by 3.2% in the third quarter ending October 31. Ollie’s says the growth can be attributed to their recent IPO.