India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.
Mamas & Papas continued to struggle in its latest year as it reported another loss, although there were some bright spots as its online sales continued to accelerate and now make up nearly a third of its total turnover.
There was a great of talk in Milan about 'sprezzatura', Italian for relaxed and being at ease. A suggestion that the city and its fashion needs to lighten up a little to entice new generation millennials to be consumers.
A German court ruled on Thursday that Amazon’s thumb-sized ordering devices known as “Dash” buttons do not give sufficient information about the product ordered or its price, breaking consumer protection legislation.
Austria will introduce a tax of 3 percent of the online profits of internet giants, defined as companies with sales of more than 750 million euros (£677.7 million) a year, the Austrian Chancellor said on Thursday.
Amazon could build a stake of almost a third in warehouse robotics firm Balyo in the next seven years, underlining the importance of warehouse automation to efforts by Amazon to cut costs and speed up deliveries.