Tag: Online shopping

From fast food to autos, India’s digitally connected users lure investors
3Apr By adminNo Comments
Technology

From fast food to autos, India’s digitally connected users lure investors

[ad_1] Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping a few buttons on his mobile phone."My only offline spends are bars and restaurants, when I go to meet friends," said the 24-year-old engineering graduate. Vahia is one among India's young and aspirational 1.4 billion population, whose propensity for online spending has attracted global companies and digital platforms. And as private consumption underpins economic growth in India, financial investors are targetting new ways to tap into it. China saw a jump in consumption from 2006 when, as per World Bank data, its per capita gross domestic product (GDP) crossed $2,000. India crossed that...
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Amazon Is Taking Half of Each Sale From Its Merchants
14Feb By adminNo Comments
Technology

Amazon Is Taking Half of Each Sale From Its Merchants

[ad_1] Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marketplace. For the first time, Amazon's average cut of each sale surpassed 50% in 2022, according to a study by Marketplace Pulse, which sampled seller transactions going back to 2016. The research firm calculated the total cost of selling on Amazon by tallying the commission on each sale, fees for warehouse storage, packing and delivery, as well as money spent to advertise on a site where hundreds of millions of products jostle for attention. Paying Amazon for logistics services and advertising is optional, but most merchants consider these a necessary part of doing business. Sellers have bee...
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Shopify Tells Employees to Just Say No to Meetings
4Jan By adminNo Comments
Technology

Shopify Tells Employees to Just Say No to Meetings

[ad_1] The e-commerce firm is canceling all recurring meetings with more than two people and encouraging staffers to decline invitations and detach from big internal chat groups. Shopify Inc. spent last year cutting costs. Now, it's cutting meetings. As employees return from holiday break, the Canadian e-commerce firm said it's conducting a “calendar purge,” removing all recurring meetings with more than two people “in perpetuity,” while reupping a rule that no meetings at all can be held on Wednesdays. Big meetings of more than 50 people will get shoehorned into a six-hour window on Thursdays, with a limit of one a week. The company's leaders will also encourage workers to decline other meetings, and remove themselves from large internal chat groups. 'The best thing founders can...
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Amazon Workers Abandon California Union Election Plan After Loss
25Oct By adminNo Comments
Technology

Amazon Workers Abandon California Union Election Plan After Loss

[ad_1] Amazon.com Inc. workers seeking to join a union at a company warehouse in Southern California have backed away. Amazon.com Inc. workers seeking to join a union at a company warehouse in Southern California have backed away from their attempt to hold an election, a setback for the upstart Amazon Labor Union following its defeat at a New York facility last week. The union withdrew its petition for an election at a warehouse in Moreno Valley, California, according to a National Labor Relations Board docket that includes a letter, dated Friday, approving a request to stop the vote. Unions that make such requests aren't asked to give a reason, NLRB spokesperson Kayla Blado said. Amazon Labor Union organizers didn't respond to messages seeking comment. The union won an election ...
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Amazon to Shut Down ‘Explore’ Virtual Tour Product in Latest Cut
13Oct By adminNo Comments
Technology

Amazon to Shut Down ‘Explore’ Virtual Tour Product in Latest Cut

[ad_1] Amazon.com Inc. is shutting down a virtual tour feature called “Amazon Explore.” Amazon.com Inc. is shutting down a virtual tour feature called “Amazon Explore,” which was launched during the pandemic, in the latest belt-tightening move by the online giant as it adjusts to slowing sales. “At Amazon, we are always experimenting and testing ideas like Amazon Explore,” the company said Wednesday in a statement. “While we are winding down this program, we'll continue innovating and investing in new ways to delight our customers. We are supporting our affected employees during this transition and working to identify other opportunities within Amazon.” Amazon launched Explore in 2020, targeting those suffering cabin fever during pandemic lockdowns. Users could pay $7.50 for a 50...
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Shocking! Man orders laptop, gets Ghadi detergent bar, Flipkart refuses refund
27Sep By adminNo Comments
Technology

Shocking! Man orders laptop, gets Ghadi detergent bar, Flipkart refuses refund

[ad_1] Man alleges he ordered a laptop during Flipkart sale, but got Ghadi detergent bar instead. Flipkart won't take it back. Flipkart Big Billion Day sale is live with the e-store giant being in the news for bumper discounts on a range of products. However, some other not-so-good reasons have also attracted attention including cancellation of orders or delivery of wrong products. One such incident has been shared by an IIM-Ahmedabad student Yashaswi Sharma, who has alleged that he received a pack of Ghadi detergent instead of the laptop that he ordered. That's not all. The worst part is, he alleged, that Flipkart refused to arrange a return for the product. Neither did they offer any resolution for the same. “Flipkart sent ...
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