Explained: The policy that could kill steep online discounts

August 30, 2018

Big-bang sales by e-commerce companies may soon be over. A government think tank headed by commerce and industry minister Suresh Prabhu has prepared a draft e-commerce policy that sounds the death knell for deep discounts during online sales. If the draft policy becomes the rule, it will be difficult for big online marketplaces to shower discounts on customers. Here’s what this means:What the draft saysTo address anti-competitive issues in e-commerce…

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Walmart’s plan to conquer New York City is becoming more clear (WMT)

July 11, 2018

Facebook/Jet.com Jet.com, an e-commerce subsidiary of Walmart, announced on Tuesday that it is building a fulfillment center in the Bronx this fall. It will work with Parcel, a last-mile delivery service that Walmart purchased in 2017, to provide same- and next-day delivery of fresh grocery items and other goods. Walmart is linking its acquired startups together as the retail giant’s plans to finally invade New York City are becoming more clear….

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