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Benjamin and Christine Granillo bought 2.25 acres in San Bernardino County, California, 40 years ago. They built their home with their own hands and surrounded it with a lush grove of avocado, orange and lemon trees.”We thought we'd live here our whole lives,” Christine Granillo, 77, said as she trimmed the tree on a recent afternoon.But the unincorporated Bloomington area is rapidly transforming as developers turn the 10 Freeway and nearby areas into a logistics corridor connecting goods shipped to Southern California ports with online shoppers across the country. An Orange County-based industrial real estate company is demolishing 117 homes…
FSN E-Commerce Ventures also announced that it will begin vertical segment reporting starting this quarter.The fashion division comprises the Nykaa Fashion platform and fashion-owned brands, as well as content platform LBB (Little Black Book) and the Nykaa Man lifestyle business.Press Trust of India New Delhi Nykaa's parent company FSN E-Commerce Ventures on Sunday projected its consolidated revenue to grow about 22-23 per cent year-on-year in the first quarter of fiscal 2024-25 (FY25), and warned that while it sees similar growth momentum in the beauty segment, the demand environment in the fashion industry is “subdued”. On a consolidated basis, quarterly GMV…
FSN E-Commerce Ventures Ltd, parent company of beauty and fashion platform Nykaa, said on Sunday that it expects the company and its subsidiaries to register revenue growth of around 22-23 percent year-on-year in the first quarter of fiscal 25. Consolidated GMV (gross merchandise value) growth is expected to be in the mid-20 percent range year-on-year. Starting this quarter, Nykaa will begin reporting by vertical segments. The Beauty division comprises the online beauty platform Nykaa, Beauty Owned Brands, brick-and-mortar stores, along with its eB2B distribution business “Superstore by Nykaa” and Nykaa Man BPC business. The Fashion division comprises the Nykaa Fashion…
Bengaluru-based grocery retailer, The Organic World, is set to launch on quick-commerce platforms this month to expand its presence in the market. The move is part of a strategy to enter new markets and expand its customer base. Currently, the brand operates across 17 stores, of which 13 are company-run and four are franchised. In addition to its brick-and-mortar stores, the brand maintains an online presence and app. It had previously partnered with quick-commerce player Dunzo. “We are currently in talks with major players and hope to launch our services in the e-commerce space within the next 30 days,” said…
TikTok Shop, in collaboration with the Department of Trade and Industry (DTI), hosted Camp Asenso, a two-day event aimed at equipping micro, small and medium enterprises (MSMEs) with the skills to thrive in the digital age. The program provided comprehensive training on how to navigate a TikTok shop and valuable lessons for small businesses to leverage the power of e-commerce and livestreaming to grow their business. Trade Undersecretary Cristina Roque highlighted the importance of digitalization to Philippine businesses and the potential of Camp Ascenso to equip small and medium-sized enterprises with the skills they need to achieve sustained growth and…
MANILA, Philippines — Shoppedia is excited to announce the preview of its new, innovative platform designed to enhance the shopping experience for customers. Backed by research and data, Shoppedia is confident that it will revolutionize the shopping experience for customers. Neil Raas, Managing Director of Shoppedia, and Prince Alan Sison, Managing Partner of Shoppedia at Merchant Partners Shoppedia is a new e-commerce platform created to be an answer to the major problems facing Filipino consumers and small businesses in the online shopping world. Shoppedia founder and accomplished businessman Neil La-as aims to revolutionize the Philippine e-commerce industry. Neil Raas also…
[Editor’s note: Amazon is among NPR’s financial supporters and pays to distribute NPR content.] Thirty years ago today, Jeff Bezos founded his online bookstore in his garage. The company that Bezos eventually named Amazon is now one of the largest companies on the planet and one of the few to reach a market capitalization of $2 trillion. Alina Selyuk covers the company for NPR's Business Desk, and she spoke with NPR's Andrew Mambo about how Amazon has gobbled up so much of the internet and become a “jack of all trades.” This interview has been lightly edited for length and…
Amazon founder Jeff Bezos speaks at an event launching Kindle 2.0 in 2009. Bezos founded the company 30 years ago, on July 5, 1995, in his garage in Bellevue, Washington. Mario Tama/Getty Images/Getty Images North America Hide caption Toggle caption Mario Tama/Getty Images/Getty Images North America [Editor’s note: Amazon is among NPR’s financial supporters and pays to distribute NPR content.] Thirty years ago today, Jeff Bezos founded his online bookstore in his garage. The company that Bezos eventually named Amazon is now one of the largest companies on the planet and one of the few to have a market capitalization…
Copia, a Kenya-based B2C e-commerce platform serving low- and middle-income consumers in Africa, has formally decided to liquidate its assets and repay its creditors, ending its restructuring efforts. The decision came after a series of attempts to save the business and find a viable path forward for the company. The liquidation process would include laying off all employees and selling the company's assets, including delivery trucks, warehouses and other equipment, to raise the funds needed to repay outstanding debts. “This action is intended to compensate creditors as fairly as possible. However, the tough decision to liquidate was not taken lightly…
Welcome to AI News Today, your daily roundup of the AI industry. AI model for predicting Alzheimer's disease using voice patterns Researchers have developed an AI model that can use voice patterns to predict the progression of mild cognitive impairment to Alzheimer's-related dementia with 78.5% accuracy. The study leverages data from Framingham Heart and integrates natural language processing techniques to provide a cost-effective and accessible remote screening tool via a smartphone app. For more information, please visit the TDR website. Mind-reading AI recreates images from brain scans An AI system that can analyse brain scans and recreate the images people…