The Confederation of All India Traders (CAIT) has filed an objection to Walmart Inc's $16 billion (12 billion pounds) merger with e-commerce company Flipkart with the country's competition watchdog, it said on Monday.
California lifestyle retailer Planet Blue has announced Eddie Bromberg as its new Chief Executive Officer. Bromberg was most recently the president at Cotton Citizen where he led the brand's retail expansion.
The Chinese e-commerce platform is planning to strengthen its position as a top destination for millennial consumers whose purchasing power and willingness to spend exceeds that of previous generations.
The Kearney, Nebraska-based apparel retailer has reported continued sales declines in Q1 2018, partially offset by positive growth in its e-commerce business, but still managed to post a 12.3% increase in earnings.