ecommerce

Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts.They are adding fees for faster service, raising minimum purchase requirements and making other changes that shift more costs to consumers who are struggling with financial issues of their own."The days of free delivery are numbered," Ken Morris, managing partner at Cambridge Retail Advisors, said of the fast-changing retail…

Image Source : PIXABAY YouTube YouTube, a Google-owned video platform has announced that they are shutting down Simsim- its live social commerce app. The decision has been made within two years of its acquisition by the tech giant. Simsim is an Indian startup which was acquired by the streaming giant in mid-2021, TechCrunch reports. The social commerce app was…

Bloomberg | Bloomberg | Getty ImagesWalmart is laying off hundreds of employees at e-commerce facilities across the country, as the big-box giant and other retailers brace for a tougher year ahead.Walmart, the nation's largest private employer, is shrinking its workforce as many retailers plan on roughly flat or declining sales. Inflation and the shift back to services is taking a bite out of sales of goods, particularly after a pandemic-fueled spending boom.Walmart's e-commerce rival, Amazon, announced 9,000 job cuts on…

The consumer affairs ministry is working on tightening ecommerce rules to make online retail platforms liable for fraud committed by sellers and attaching “fallback liability” to their role as intermediaries, said a senior official.Rules will be formulated after the platforms respond to queries related to the issue, sent to them by the ministry of electronics and information technology (MeitY), said the consumer ministry official.MeitY’s note was prompted by questions from the Department of Consumer Affairs, which is part…

The Ministry of Consumer Affairs is working on new rules to make ecommerce platforms like Amazon and Flipkart liable for fraud committed by their sellers. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Adobe looking to integrate AI into all products■ More countries could implement Aadhaar-like system■ IPL was India's first unicorn with a $1.1 billion valuation: D&P Government working on tightening ecommerce rules for frauds by sellers The consumer affairs ministry is working on tightening…

Ecommerce firm Coutloot said it is entering into the offline retail segment by converting existing small shops and trading units into its own branded stores, part of a wider strategy to formalise the unorganised non-MRP non-grocery retailing in India.The company plans to launch 35 stores starting April this year, especially in areas which attract peak footfalls.The converted stores will have better assortment, optimised shelf and better quality merchandise."Customers seek lower price but standardised products even in the…

India Post, the government operated postal service, signed a memorandum of understanding (MoU) with logistics aggregator firms Shiprocket and Pickrr to help MSMEs and enhance last-mile e-commerce delivery services across the country. The partnership will provide last-mile connectivity to the e-commerce market player and will facilitate the penetration of e-commerce services beyond large cities and towns, Saahil Goel, cofounder & CEO of Shiprocket, said. The collaboration will also enable automated shipping and faster…

Happy weekend. It has been a week of major turmoil for the technology industry with the sudden collapse of Silicon Valley Bank. But amid all the chaos of the last few days, the hype around generative AI continued.Last year in November, little known Artificial Intelligence research lab OpenAI based in San Francisco unveiled ChatGPT, taking the tech world by storm. Based on a large language model (LLM), the chatbot uses a simple text prompt for human-like responses. It can answer complex questions, write codes, songs and…

The last time Zippy posted to Instagram was in April 2022—a four-paragraph-long apology note saying he was sorry for not delivering orders on time, and that he would make it up to everyone. Then, he vanished.Sheikh says he’s still struggling to understand why Zippy did what he did. “If he really wanted to leave, why didn’t he just disappear or vanish right off the bat? Why was he putting up long apology posts?” he says. “Was he always a bad guy? Or was he a good guy who saw money and went rogue? I suppose we will never…

Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts after the e-commerce platform paused their payouts over the weekend following the U.S. government shutdown of the bank last week. Approximately 0.5% of Etsy's active sellers -or around 2,700 merchants- had their payments delayed on Friday related to SVB's collapse, according to Etsy. "We are working to pay these sellers today, and we've already started processing payments via another payment partner this morning," an Etsy spokesperson told…