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 ...

FMCG COMPANIES CONTINUE TO BENEFIT FROM ONLINE SALES

HIGHLIGHTS

• FMCG companies are getting benefits due to online sales.
• A report by Unicommerce said that sales on e-commerce grew 36% in volume terms compared to FEB 2020.
• In DEC 2019 quarter, 30% growth was witnessed.
• In DEC 2020 q...

U.S. ONLINE SALES SKYROCKET ON BLACK FRIDAY

Highlights

• Adobe said American consumers, staying home amid the coronavirus pandemic had spent $9 billion online on Friday, which is up by 21.6 percent as compared to the same day in 2019

• Out of total sales, 40 percent accounted for sales of smartphones, and seve...

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...

UNITED KINGDOM: RETAILERS ENCOURAGED TO SUPPORT EXPORTS AFTER CORONA VIRUS PANDEMIC

Highlights:

• The retailers and the consumer brands have been encouraged to boost or ramp the exports of the products after the novel corona virus
• The department for the international trade revealed the measures to support the brands for exporting after...

Porsche to change the US auto scene

The United States has always been very loving and welcoming to cars, as the nation’s love for vehicles is known all over the globe and has just increased with time. The United States is an essential part of world sales as the nation is the biggest buyer of luxury and performance cars as com...