Shopkeepers’ scam adds fizz to profits

Retail prices of Coke and Pepsi remain unnoticed while retailers overcharge consumers day in, day out by as much as 40 percent – making millions over the top, apparently unnoticed

Prime price ‘hike’ expected to rake in extra $1b revenue for Amazon

The 20 percent hike was the second time Amazon had increased its Prime subscription fee since the launch of the service in 2005

Tech startup from Karachi wins Rs1mn in StartUp Cup

LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other teams to...

Amazon to foray deeper into fresh produce in India

BENGALURU: Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as...

PSO country’s fastest growing retail company: Report

KARACHI: The government-owned Pakistan State Oil (PSO) is reported to be the country’s fastest-growing retail company with three million consumers said to be visiting...

‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts

NEW YORK: When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods...

Debt ridden Toys ‘R’ Us to close all US stores

NEW YORK: Toys 'R' US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, US media reported on Wednesday,...

Value of e-banking transactions registers quarterly growth of 28pc

KARACHI: Digital banking channels processed 186.7 million transactions worth Rs11.7 trillion in Oct-December 2017, according to data released by the State Bank of Pakistan...

Amazon contemplating entering financial sector with a checking-account like product

NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as JPMorgan Chase...

Measuring the market

How do retail brands measure their performance in Pakistan and how accurate is it? More often than not, the sole parameter used in this...

Reefland flagship store opens at Model Town Link Road

LAHORE: Reefland relaunched its flagship store at Model Town Link Road on January 19.The mega launch event started with a ribbon-cutting ceremony by Waresa Group...

METRO Cash & Carry, Careem to facilitate customers across Pakistan

LAHORE: METRO Cash & Carry Pakistan in a new initiative has joined hands with Careem, a ride-hailing app, to make the travelling experience to...

Wearing ‘Made of Pakistan’ on its sleeve

Established as a manufacturing and retailing unit some 32 years ago, in 1985 to be precise, Sefam started with embroidered fabrics made in pakistan....

Ministry of Commerce finalises e-commerce policy

ISLAMABAD: After an exercise of around two years, Ministry of Commerce (MoC) has finalised the policy framework for e-commerce and digital trade which it will...

Cigarette manufacturer Philip Morris International decides to quit selling cigarettes

KARACHI: Global tobacco giant Philip Morris International (PMI) announced its new year's resolution to give up cigarette.In an unusual move, the tobacco company placed full-page...

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...