[U.S.] Walmart Tacks on Another E-Commerce Company in the Hopes of Crushing Amazon
Walmart announced on January 5 that that it would buy Boston-based online shoe seller Shoebuy.com for $70 million.
RELATED: Walmart has acquired a Zappos competitor to boost Jet.com’s shoe business
The ShoeBuy purchase follows the same acquisition strategy Jet employed when it paid a reported $90 million to buy the online home furnishings retailer Hayneedle to help boost its assortment in that area. In 2015, clothing and accessories became the largest online retail category for the first time, and Walmart and Jet rival Amazon is leading the way.
[U.S.] Amazon is in talks to buy bankrupt American Apparel
Amazon, Forever 21, California-based apparel maker Next Level Apparel, and brand licensor Authentic Brands Group, are in talks with American Apparel and its financial advisers about submitting offers ahead of a deadline on Friday. Any successful offer would have to top a $66 million stalking horse bid by Canadian apparel maker Gildan Activewear Inc, which American Apparel agreed to when it filed for bankruptcy in November.
[India] You can now sell your old products on Amazon India
Amazon has launched a pilot “Sell as Individual” service in India, allowing users to sell their used goods. People in Bangalore can list products on Amazon India and the company will handle the pick-up, packaging, and delivery of the product for a fee.
REALTED: Flipkart relaunches core fashion category to capture larger market
Flipkart has relaunched its core fashion category to battle Amazon. The company has partnered with brands, celebrities, TV channels, Bollywood movies to offer a curated shopping experience.
[China] China publishes the Draft E-commerce Law
China published the Draft E-commerce Law on December 27th, 2016 to solicit public opinions until January 26th, 2017. The Draft applies to e-commerce activities occurring within China or activities involving the participation of e-commerce operators or customers who are within China.
[China] Uniqlo China launches click and collect
Fast fashion Uniqlo has launched a click-and-collect service in China so that online customer can pick up their orders at a store. The service is available at 400 of Uniqlo’s 500 stores in China. Customers can also choose to have their orders home delivered.
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