At Newmine, a startup specializing in returns reduction technology, a mantra echoes: “The best return is the one that never has to happen.” Returns posed a significant challenge for the retail industry in 2019, amounting to a staggering $309 billion, with online sales contributing $41 billion, as per a report by Appriss Retail. In response...
Samsung is gearing up to provide substantial discounts of up to Rs 40,000-Rs 50,000 on its premium TV range, including The Serif, during the upcoming Amazon Great Indian Festival and Flipkart Big Billion Days sales, according to industry sources. Consumers can anticipate enticing cashback, exchange offers, and low EMI options on both The Frame and...
The outbreak of coronavirus in China prompted a surge in online shopping as consumers adhered to stay-at-home measures. With the escalating number of cases in the US, concerns about the safety of online shopping versus visiting stores have surfaced. Can packages carry the virus, posing a risk of transmission? Expert Insights on Virus Survival Rachel...
As giants like Reliance and Amazon intensify their efforts to deliver daily groceries to consumers’ doorsteps, a recent report highlights online grocery as the emerging battleground for growth in India, projected to exceed $18 billion by 2024. A joint initiative by Bengaluru-based market consulting firm RedSeer and Bigbasket (Brand Intelligence) reveals the remarkable trajectory of...
Rent the Runway, following a significant Series F funding round in 2019, achieved a remarkable $1 billion valuation, signifying its continued appetite for expansion. Anushka Salinas, the chief operating officer of Rent the Runway, shared insights into the company’s disruptive mission at Business Insider’s IGNITION: Redefining Retail conference. Salinas emphasized Rent the Runway’s endeavor to...
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