The largest-ever funding round for an Indian startup "reflects the promise of digital commerce in India."
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.
Regulators say Amazon illegally uses nonpublic data that it collects from sellers on its retail platform to boost sales of its own-label products.
“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
The crafts retailer has enhanced and expanded omnichannel capabilities including curbside pick-up, same-day delivery, ship from store, and in-app purchases.
"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."
Trading had to be halted due to volatility within three minutes of opening.
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
The Japanese retailer's U.S. stores are in prime locations, leaving it struggling to make enough money to overcome expensive leases.
