France imposes a charge on Amazon due to disputes over vendor agreements.

According to the statement released by the competition, consumer, and anti-fraud agency (DGCCRF), the corporation will be required to address "a significant imbalance in contractual conditions to Amazon's benefit" by the end of the year 2021. The company missed the March 22 deadline...

PAYPAL LAUNCHES CRYPTOCURRENCY SERVICE IN UK

HIGHLIGHTS

• PayPal has launched cryptocurrency service in the UK.
• Now PayPal will let its British users buy, hold and sell digital currencies.
• This is the first international expansion of PayPal’s cryptocurrency service since its launc...

AMAZON INC PLANNING NEW STRATEGY AFTER LEGAL SETBACK

HIGHLIGHTS

• Amazon.com Inc. is working on a massive India expansion plan.
• Amazon's plan included many tie-ups with regional retail chains.
• Amazon wants to ensure that legal setback in the court case with Future Group would not upset its ...

AMAZON INDIA AND FLIPKART ANNOUNCE REPUBLIC DAY SALE 2021

HIGHLIGHTS

• E-Commerce stores have announced discount sales for 2021 Republic Day.
• They are discounts on Apple's AirPods, iPhone SE, and smart TVs.
• Bank card offers and attractive deals on electronics such as iPhones, laptop, Smart TVs e...

NIKE BACK IN MIDST WITH ROBUST ONLINE SALES FROM SCHOOL STUDENTS

• Powerful online sales from ecommerce sites and accelerated demand from Chinese shoppers and students trudging back to school are expected to have helped Nike NKE.N sweep profits in the first quarter.
• This has been a drastic improvement from the surprise loss it posted...

SOKO GLAM LAUCHES FIRST BRAND

HIGHLIGHTS

• Korean beauty e-commerce site Soko Glam has launched its own brand of beauty products.
• The name of brand is Good (Skin) Days.
• All products of this brand have been developed by Soko Glam Labs.

The 8-year-old Kore...

FACEBOOK SHOPS SERVICE LAUNCHES IN SOUTH KOREA

HIGHLIGHTS

• Facebook has launched a new service called Facebook Shops.
• Using this service, sellers can showcase products for sale. Users of Facebook and Instagram can see the products and buy them.
• Facebook has partnered with many other loca...

SOUTH KOREA MAY FURTHER DEREGULATE RETAILERS

HIGHLIGHTS

• South Korean government is planning to deregulate the retailers as the demands for various goods and services are soaring.
• A new type of coronavirus infection is emerging in South Korea.
• Online retailers are getting more sales co...

EASE IN RESTRICTIONS LEAD TO RISE IN SOUTH KOREAN RETAIL SALES

HIGHLIGHTS

• Like all businesses, retail business also bore the brunt of lockdown due to coronavirus.
• With the restrictions being eased, sales are increasing in the retail sector.

As the restrictions imposed on the people and businesse...

NEW LAW IN JAPAN SPELLS TOUGH REGULATIONS FOR TECH GIANTS

HIGHLIGHTS

• The new law from Japanese Parliament is meant to ensure transparency among tech giants.
• Now tech giants would have to face tougher regulations.
• E-Commerce giants would have to share information about their business practices to t...

Retail use cases come into focus as virtual and augmented reality increases

Look not now, but in the retail world, virtual reality and augmented reality are beginning to make greater gains. These are still early days but developments are coming together— and aspirations are increasing, not only due to the advancement of AR and VR technologies but also to the coming...

Retail use cases come into focus as virtual and augmented reality increases

Look not now, but in the retail world, virtual reality and augmented reality are beginning to make greater gains. These are still early days but developments are coming together— and aspirations are increasing, not only due to the advancement of AR and VR technologies but also to the coming...

FinTech Tackles Financial Inclusion

According to SOLV CEO Nitin Mittal, who told PYMNTS that prospects to push B2B eCommerce in India are not just huge, but unlock the doors to help digitization and financial inclusion for SMBs, the overwhelming majority of small businesses in India remain underbanked.

Nonetheless, it'...

US HOLIDAY SEASON PROVED BENEFICIAL TO RETAIL MARKET

With E-Commerce sales hitting a record high, US shoppers spent more online during this year's holiday shopping season, stated by Mastercard Inc (MA.N) in a report that published on Wednesday.

The holiday shopping season is a crucial period for the retail market. It accounts for up t...