Company News
Urban Ladder plans store in Coimbatoreedit
Urban Ladder, a home furnishing company, Tuesday said it proposes to open a store here as part of its expansion plans. “I’ve always been fascinated with Coimbatore as an economy and city due to its dynamism and rich cultural heritage,” CEO and co-founder of Urban Ladder Ashish Goel said in a press release here.
Publication: Devdiscourse
Date: June 26, 2019
Urban Ladder climbs up the rung, to open a store in Coimbatoreedit
Urban Ladder, a home furnishing company, on Tuesday, said it was planning to open a store in Coimbatore, after having launched 11 stores in New Delhi and Bengaluru. Urban Ladder intends to replicate its success story across several key cities throughout the country this year, and within the next quarter, he said. The company eyes profitability along with an IPO in the next two years, he added.
Publication: Business Standard
Date: June 26, 2019
Competition and Industry News
India warns foreign e-commerce firms like Amazon, Flipkart over discountsedit
India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters.
Publication: Business Standard Kuwait Times
Date: June 26, 2019
Amazon’s Merchants Are Feeling the Pain of a Trade War With China Mom and pop sellers won’t be ableedit
Over the past several years, Shanghai entrepreneur Yung Lin has built a decent business selling wrenches, screwdrivers and other tools on Amazon.com. Then President Donald Trump imposed tariffs on thousands of goods made in China, and Lin faced a difficult choice: eat the additional cost or try and pass it onto his mostly American customers. He chose to raise prices and watched sales of some products dive by as much as one third in just two weeks.Amazon.com Inc. merchants around the world are scrambling to navigate an unpredictable trade war that’s upending their proven business model of buying inexpensive goods in China and selling them at a markup in the U.S.
Publication: Gadget 360
Date: June 26, 2019