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...
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...
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...
‘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...
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...
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...
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...
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...
Reefland flagship store opens at Model Town Link Road
LAHORE:Â Reefland relaunched its flagship store at Model Town Link Road on January 19.
The mega launch event started with a ribbon-cutting ceremony by...
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...
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...
Ministry of Commerce finalises e-commerce policy
ISLAMABAD:Â After an exercise of around two years, Ministry of Commerce (MoC) has finalised the policy framework for e-commerce and digital trade which...
Cigarette manufacturer Philip Morris International decides to quit selling cigarettes
KARACHI:Â Global tobacco giant Philip Morris International (PMI) announced its new year's resolution to give up cigarette.
In an unusual move, the tobacco company...
CPI Index shows 4.57pc increase in December
KARACHI: The Consumer Price Index (CPI), during December 2017 witnessed an increase of 4.57 per cent as compared to the same month...