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...

METRO Cash & Carry Pakistan’s first GFSI certified wholesale/retailer

METRO Cash & Carry Pakistan celebrated another milestone in the field of Sustainable Quality Assurance when its airport store was awarded “Food...

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...

Alibaba plots move to extend dominance in brick & mortar retail push

HANGZHOU: In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place...

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...

Pakistan’s biggest state run retail chain inching towards privatisation

ISLAMABAD: Pakistan's biggest state-run retail chain, Utility Stores Corporation (USC)- which is currently facing a decrease in sales, closure of large number outlets...

Amazon’s dominance hasn’t knelt a death-blow to retail stores

NEW YORK: Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to...

Pakistan is the world’s fastest growing retail market, says: Euromonitor

LAHORE: Euromonitor International has proclaimed Pakistan as the fastest growing retail market globally, with the market expected to grow by 8.2 percent...

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

Clicks instead of bricks

E-grocery, commonly phrased as online grocery is expected to grow 9.5 percent worldwide to become a $9.4 billion industry this year. In...

Systems Limited to help Khaadi expand its retail footprint

Lahore: In one of the leading ties-up in recent memory, Pakistan’s foremost IT company Systems Limited has entered into a partnership with...

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

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...

‘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...

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...