Commerce news and archive

World of Commerce: 'Retailers who don't innovate will be left behind’

The world of commerce is growing quickly. Contactless card payments, in-app purchasing and voice command purchasing were once alien concepts for shoppers, but are now well and truly integrated into our everyday lives. But how will commerce continue to change, and how can retailers keep up? That was the topic of this year's World of Commerce...

Apparel

Retailers against investment clause

Multi-brand retailers are against the government proposal that mandates them to invest 50 percent of every 100 million dollars (Rs 596.8 crores) in developing back-end infrastructure. They say this clause should not be mandatory for subsequent investments. To clear the air, the Commerce and Industry Ministry has called a meeting of 10-12 global...