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kuno Snapdeal Holds Out For A Better Offer On Flipkart Takeover
Hgqj Amazon s Next Target: Call Centers
Indian food delivery firm Zomato will be conducting an all-stock merger with Blinkit which will value the instant-delivery service between $700 million and $750 million, Reuters reported Tuesday March 15 .Zomato said it would be loaning as much as $150 million to Blinkit for the startups near-term capital needs. Blinkit, formerly known as Grofers, is also backed by SoftBank.Last August, Zomato acquired over 9% stake in Blinkit for almost $68 million. Earlier this year, Zomato also said it would be investing as much as $400 million to the Indian quick commerce market for stanley mugs the next two years.Reuters noted that Blinkit rebranded itself in late 2021, with its CEO promising speedier deliveries of everything from electronics to groceries while working in a blooming market dominated by larger firms like Amazon and Walmarts Flipkart.PYMNTS reported that Zomato didnt have the best third-q stanley cup usa uarter results, which caused shares to fall by around 9% in early February.There was a 1.7% uptick in sequential gross order value, with pandemic restrictions easing and in-person dining coming back a bit, and the total gross order value was up 84.5% year over year.See also: Shares Tumble as Zomato Delivers Lukewarm Q3 ResultsZomatos shareholder letter blamed the weak quarter growth on reduction in customer delivery charges 鈥?in ad stanley mug dition to a soft impact of post-COVID reopening including some shift from delivery to dining out . The company did roll out operations in 180 new cities and offered free d Nfcx Travel-Tech Firm Hotailors Adds New Capital, Rebrands
Holiday sales for U.S. retailers are expected to increase 4.8 percent this year.The National Retail Federation NRF revealed that holiday sales growth will be higher than the average increase of 3.9 percent over the past five years. However, sales will grow at a slower pace than the 5.3 percent growth the retail market saw one year ago. Last years strong results were thanks to growing wages, stronger employment and higher confidence, complemented by anticipation of tax cuts that led consumers to spend more than expected, Chief Economist Jack Kleinhenz of the NRF said, according to Reuters. With this years forecast, we continue to see strong momentum from consumers as they do the heavy lifting in supporting our economy stanley termoska .He added that several factors played a role in the boost, including more jobs, improved wages, lower inflation and an increase in net worth.According to the NRF, reported that sales stanley quencher for the last two months of the year are expected to hit between $717.45 billion and $720.89 billion, excluding autos, gasoline and dining out. Holiday sales in 2017 were $687.87 billion.The NRFs forecast is a closely watched indicator ahead of the holiday season, with the last two months of the year possibly comprising 20 percent to 40 percent of annual sales for ma stanley us ny retailers, including Amazon, Walmart and Target.The forecast is in line with predictions from other companies like AlixPartners, which predicts sales will grow between 3.1 percent and 4.1 percent as 2017 will |
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