Tag: Retail

Top India court halt’s tycoon Mukesh Ambani’s retail deal: | Incredible Solutions Tech

The verdict is a win for Amazon which says Future Group’s sale to Ambani’s Reliance Industries violates its contract. India’s Supreme Court has barred a final ruling by a tribunal reviewing Future Group’s $3.4bn sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc,...

Dining woes: Canada’s restaurants suffer worst year on record | Incredible Solutions Tech

Food trucks, bars and taverns were hit the hardest by lockdowns and restrictions, with sales dropping 48 percent. Canadian restaurants and bars suffered their worst year for sales on record in 2020. Sales at eating and drinking establishments in Canada dropped 28% from the year before, Statistics Canada reported...

Shopping spree: US retail sales jump most in seven months | | Incredible Solutions Tech

U.S. retail sales surged in January by the most in seven months, beating all estimates and suggesting fresh stimulus checks helped spur a rebound in household demand following a weak fourth quarter. The value of overall sales increased 5.3% from the prior month after a 1% decline in December,...

Roses are red and contributing to climate change, florists | Incredible Solutions Tech

Florists in Paris are trying to convince their customers to choose locally grown flowers over roses, which must be flown in and contribute to carbon emissions. It is the classic romantic combination: Valentine’s Day and a bouquet of red roses. But some Parisian florists are trying to wean customers...

Indian insider: Regulator bans tycoon from market for one year | Incredible Solutions Tech

The Securities and Exchange Board of India has banned Kishore Biyani and others for allegedly trading in shares of Future Retail ahead of the release of price-sensitive information in 2017. India’s markets regulator has banned a retail tycoon from accessing the securities markets for a year on charges of...

Ebay is latest online retail giant to report strong earnings | | Incredible Solutions Tech

Shoppers wary of crowds and bored with the pandemic are increasingly filling their online carts, and EBay said it ended the fourth quarter of 2020 with 185 million active buyers, an increase of 7 percent. EBay Inc. gave revenue and profit forecasts for the current period that topped analysts’...

Billion-dollar baby: Amazon daily sales surpass new milestone | Incredible Solutions Tech

Amazon’s skyrocketing profits reflect the holiday shopping season and pandemic-fueled trend of shopping online. Amazon.com Inc. breached the $1 billion-a-day revenue mark in 2020, in another example of how the company’s massive growth and market dominance has made its stock a near-unanimous favorite on Wall Street. The e-commerce giant’s...

US consumer confidence jumps on stimulus, vaccine hopes | | Incredible Solutions Tech

While the confidence index remains well below pre-pandemic levels, widespread vaccination programmes and additional stimulus funds could shore up sentiment. U.S. consumer confidence rose in January as Americans grew more upbeat about the outlook for the economy and job market in light of further fiscal aid and the distribution...

US economy gets boost but unemployment, lockdowns sap recovery | Incredible Solutions Tech

Economic activity in the United States increased only modestly in recent weeks and a growing number of the Federal Reserve’s districts saw a drop in employment as a surge in coronavirus cases led to more shutdowns of businesses, the US central bank said on Wednesday. In the Federal Reserve’s...