Commerce

Walmart announced this morning it will be reducing plastic across its e-commerce operations in a number of ways, including shifting from plastic mailers to recyclable paper bag mailers and allowing customers to decline the use of plastic shopping bags for their online pickup orders, among other thi

The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups, its momentum is coming in at a pace that’s defying even the current market climate. Today, GetYourGuide — a Berlin-based startup that has built a m

E-commerce aggregators have collectively raised hundreds of millions of dollars over the last several years to push ahead on strategies to consolidate a number of smaller online retailers. Now, the aggregators themselves are the ones getting swallowed up. Today, SellerX, a Berlin-based roll-up play

Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South Asian nation. “Coupang has no plans to enter the Indian market,” a company spokesperson

Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its past playbook for the fashion market: low-cost products. Ajio, Reliance's retail fashion arm, has quietly launched Ajio Street. The platform boasts a vast selection of clothi

The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scathing report to clients this week, challenging the prevailing industry views that favor the incumbent

Q1 2023 marks the first quarter Jumia's new management implemented its strategy after riding out the blueprint of previous management in Q4 2022. The result? Jumia saw its losses decrease significantly: adjusted EBITDA loss dropped 51% year-over-year to $27 million, on track to meet the company

Online shopping often feels like a one-way street from the point of view of the physical retail world: e-commerce has a wider selection, it’s open all the time and there seems to be an endless funnel of data that online retailers can use to make their offers better and more personalized to ea

Shein is partnering with Reliance to re-enter India, a strategy which, if proven viable, could set an example for startups grappling with the China backlash amid rising geopolitical tensions. The China-founded, Singapore-headquartered fast fashion giant is teaming up with Reliance Retail, the retai

JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins. The shakeup, reported by the Indian daily Economic Times,

Amazon One, the retailer’s palm-scanning payment technology, is now gaining new functionality with the addition of age verification services. The company announced today that customers using Amazon One devices will be able to buy adult beverages — like beer at a sports event — jus

Founders of Lifelong Online have bought back a majority ownership and control in the Indian house of brands from Thrasio in what appears to be a retreat for the “Amazon aggregator” from the key overseas market. Existing investors of Lifelong, Tanglin Venture Partners and Hero Enterprise

Former investors of food delivery startup Freshly are suing Nestlé USA, which acquired the company in 2020 for up to $1.5 billion. The shareholders allege that Nestlé failed to make earnout payments to Freshly shareholders pursuant to the merger agreement, according to Law.com. Per that agreemen

Meesho cut 15% of its workforce, or 251 roles, on Friday as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This is the second round of job cuts at Meesho, which eliminated about 150 roles a year ago. The Bengalu