Apple is planning to open four new retail stores in India and has begun manufacturing the iPhone 16 Pro models domestically, the company said as it deepens its presence in the world’s second-largest smartphone market. The U.S. tech giant aims to launch stores in Bengaluru, Pune, Delhi-NCR, and Mumbai, building on its first two Indian […]
Hedosophia leads $7M seed round into retail supply chain AI startup Ameba
Traditional retailers have a pressing problem. Fast-moving like Shein and Temu are eating their lunch by leveraging purpose-built, end-to-end supply chains. Meanwhile, incumbent retailers are still stuck on legacy platforms, juggling a myriad number of data sets, and struggling to respond to a punishingly fast market. A London-based startup thinks it has the solution to […]
Apple reaches its first contract agreement with a US retail union
Two years ago, workers at an Apple Store in Towson, Maryland were the first to establish a formally recognized union at an Apple retail store in the United States. Now they’re the first to reach a tentative contract agreement. According to the International Association of Machinists and Aerospace Workers’ Coalition of Organized Retail Employees, which […]
Deal Dive: Sir Jack A Lot returns with a startup for retail traders
When former YouTube product manager Kevin Xu, known as “Sir Jack A Lot” on Reddit, turned $ 35,000 into $ 8 million trading stocks between 2020 and 2022, many people thought his fortunes, and his way of investing, had peaked, just like 2021’s memestock craze had. Xu doesn’t agree, though, and he’s now building a […]
Jio Financial unit to buy $4.32B of telecom gear from Reliance Retail
Jio Leasing Services Ltd (JLSL), a subsidiary of Jio Financial Services, plans to buy customer premises equipment, devices and telecom equipment worth $ 4.32 billion from Reliance Retail over the next two financial years, according to a postal ballot notice (PDF) sent to shareholders seeking approval of the deal. JLSL is entering the business of […]