In India, two ex-Flipkart executives are about to embark on a new venture, in Britain, Morrisons has become one of the UK's top 20 fashion retailers and in the US, Walmart plans to build its own dairy processing plant. Have a great day, and please share.
asia & New Zealand
New chapter for ex-Flipkart duo Two high-profile executives previously employed by the e-commerce company are about to launch a new venture. This time, Mukesh Bansal and Ankit Nagori, who left Flipkart suddenly last month, will venture into healthcare and fitness.
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A loss for Pumpkin Patch The New Zealand children’s wear retailer has posted a loss in sales in its half-year report. The company’s sales fell 16% for the six-month period leading to January 31. Adding to their woes are problems with their website.
Morrisons top 20 in fashion Thanks to their burgeoning adult and children’s wear basics label, Nutmeg, the supermarket chain has become one of the UK’s top 20 fashion retailers. In the year to January 2016, the label exceeded 3.1 million transactions.
Lumber Liquidators settle In order to settle allegations that some of its products violated air-safety standards in California, the under-fire flooring retailer will pay US$ 2.5 million. This is the latest penalty Lumber Liquidators has paid due to previously selling Chinese-made laminate flooring.
developments to watch
Millennials driving change According to a new study, by 2025, brick-and-mortar stores will require far-reaching redesign. The study by technology market intelligence firm ABI Research says millennials are dictating how stores use technology to create a shopping experience.