Tips for safe online shopping
The festive season is upon us. There are deals galore, so it is a good time to buy the gadgets and accessories you’ve had your eye on. Flipkart.com and Amazon.in’s Big Billion Days Sale and Great Indian Festive Sale, respectively, are on till 17 October. Here is what you must keep in mind before logging in and filling up that shopping cart. Not only will these tips save you money, they will ensure the safety of your transaction.
If the website is offering a 25% discount on that smartphone or laptop you want to buy, the actual saving might be much less. Sometimes, these discounts are calculated on the maximum retail price (MRP, also known as box price), which may be significantly higher than the actual market price of the product at the time. So the discount percentage may look inflated, but the actual discount would be much less. Always compare the prices on rival shopping websites to get an idea of the pricing.
Source: Livemint Website
Karl Lagerfeld expands distribution with anticipated November ecommerce launch
French fashion label Karl Lagerfeld is the latest luxury brand to make a foray into ecommerce with the upcoming launch of its online store. According to WWD, the venture in partnership with the newly formed Yoox Net-A-Porter Group is a head-first leap, establishing ecommerce sites for multiple countries and languages from the start rather than doing a slower roll-out internationally. Karl Lagerfeld is banking on its existing engaged audience on social media and its Web site for online sales. Currently, its site has more than 100,000 unique visitors per month, 40 percent of whom actively look for a shop online option.
Source: Luxurydaily Website
Coming to Grips with Dynamics of Internet Business
The robust development of the Internet industry has fueled the growth of a large number of online platform enterprises and cultivated many new business models that are pushing forward the transformation of traditional industries. The business practices of these huge Internet firms have had complicated impacts on the market, but sometimes also fanned discontent regarding their dominant status. The European Commission recently announced an investigation into whether Google Inc. stifled competitors' access to its Android mobile-operating system. In April, the commission accused the U.S. online search giant of favoring some of its own search results over those of competitors.
Source: Caixin Website
Walmart's latest e-commerce push could bring online grocery shopping to the masses
When it comes to commerce, there's no denying the power of the Internet. Over the last 15 years, the world of online retail has transformed the way products are bought and sold, creating a society of consumers accustomed to the convenience of click-and-deliver. But while most of us now instinctively turn to the Web to purchase the likes of electronics, clothing and toys, there's still one major product category that lives firmly in the physical world: Grocery.
Source: Zdnet Website
Saks Fifth Avenue to Open New Store in Bal Harbour
NEW YORK--(BUSINESS WIRE)--Saks Fifth Avenue today announced plans to relocate its store within Bal Harbour Shops in Miami, Florida. Expected to open Fall 2019, the 180,000 square-foot, three-level location will be an onsite replacement of the existing store and will anchor the newly expanded wing of the mall. “Bal Harbour has been a key market for Saks Fifth Avenue and we are thrilled about our relocation to the new space,” commented Marc Metrick, President of Saks Fifth Avenue. “This enhanced store will allow us to provide customers with an unmatched, must-shop destination for fashion come 2019.”
Source: Businesswire Website