Retail

Shares in Future Group firms fall as court dismisses appeal
A Delhi court had dismissed Future Retail’s appeal to declare arbitration proceedings with Amazon.com as illegal.
Published On 5 Jan 2022
China accuses Walmart of ‘stupidity’ over missing Xinjiang items
Walmart and other United States businesses are becoming increasingly ensnared in geopolitical tensions over Xinjiang.
Published On 31 Dec 2021
The Indian economy is growing fast, but problems loom
In 2022, India will have to deal with ongoing inflation of fuel, food prices as well as rising urban unemployment.
Published On 28 Dec 2021
Apple shuts all NYC stores to shoppers as Omicron cases surge
The company did not say when it will reopen stores but has said customers can pick up online orders at the stores.
Published On 28 Dec 2021

Prospects of a consumption-led recovery, however, are clouded by uncertainties around the Omicron variant.

India’s antitrust regulator suspended Amazon’s deal with Future, allowing a deal with competitor Reliance to go ahead.

Consumers in the US are feeling less optimistic about the short-term outlook for their employment and income prospects.

Record US demand for imports has contributed to an unusually steep increase in consumer prices this year.

A shift online, COVID fears and less-steep discounts have thinned crowds on the day after the US Thanksgiving holiday.

Consumer spending jumped by 1.3 percent in October, double the 0.6 percent gained in September, US data showed.

It accuses Apple and Amazon of cooperating to restrict competition in the sale of Apple and Beats branded products.

Shares of Visa slumped 6.5 percent, erasing some $33bn in value after Amazon.com kicked back against high fees.

Tesco, the UK’s largest retailer, recently joined Amazon in offering a cashless, till-less experience.

Grocery retailer said that a press release announcing its plans to begin accepting Bitcoin Cash was fraudulent.

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