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Tag: retail (page 1 of 1)

Big win for Amazon as Supreme Court of India stalls Future-Reliance deal

The Supreme Court of India validated the judgment by Singapore Arbitrator-that had stalled the deal between Future and Reliance group, after the two-judge bench finds merit in Amazon’s objection applicable in India. Amazon had accused Future of violating its pre-existing contracts, while the latter has denied any transgressions. Shares of Reliance and Future dipped by 1.3% and 6% respectively. This tussle could reshape India’s trillion-dollar retail market.

New York gets Google’s first retail store

Alphabet and Google CEO Sundar Pichai, in a Tweet, announced that Google has opened its first-ever brick-and-mortar store in New York’s Chelsea where customers will be able to browse and buy hardware and software products made by Google. The product line will include Pixel phones, Stadia, WearOS to Nest and Fitbit devices, Fitbit devices to Pixelbooks. The store also has a gaming area.

Amazon acquires India’s retail startup Perpule

Amazon has acquired Perpule, a four-year-old Indian startup helping offline stores to go online. The e-comm firm paid $14.7 mn to acquire the startup in an all-cash deal. Amazon will spend an additional around $5 mn to compensate the employees of Perpule. The startup, which had raised $6.36 mn, provides a mobile payments device to offline retailers for accepting digital payments and help them to have a presence on various mini-app stores — Paytm, PhonePe and Google Pay.

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How moving to the cloud is benefitting firms

Cloud computing is a vital cog in every firm’s digital transformation journey. Narsimha Rao, Head of Cloud & Infrastructure Solutions, Infosys said that the benefits of the cloud migration can range from cost, agility, expansion, building, launching new products and solutions. Cloud has enabled the retail sector to move or introduce an e-com omnichannel model. Cloud-based systems helped BFSI to pivot to WFH and quickly upgrade customer-facing software.

LuLu Group India appoints Anil Menon as Head-IT

LuLu Group India has appointed Anil Menon as the Head-IT.  Indian owned multi-national conglomerate, headquartered in Abu Dhabi, operates in the retail business. Menon, in his new role, will be responsible for driving the phygital vision of the conglomerate in India, besides managing basic IT functions, strategy, tech growth enablers, Menon, having 18 years of experience, led IT and Innovation at Tata Starbucks in his last assignment.

Microsoft introduces ‘Cloud for retail’ service for end-to-end shopper journey

Microsoft has introduced the private preview of “Cloud for Retail” which aims to connect experiences across the end-to-end shopper journey with integrated and intelligent capabilities. The retail-specific cloud service will centre around driving accelerated time to value by unlocking the power of various Microsoft Platforms. Microsoft aims to give the retailer the flexibility to adopt the capabilities they need to address their most pressing business needs.

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Fashion retail chain ‘maurices’ appoints TCS as tech partner

TCS said that it will be building the tech infrastructure for US and Canada-based women’s fashion retail chain ‘maurices’. The partnership value wasn’t disclosed. TCS, as its digital transformation partner, will build its greenfield IT ecosystem, optimize its 200 existing apps and software within next 17 months. The tech service provider will also help maurices build a brand-new data analytics platform and an upgraded e-comm platform.

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