Retail News Round Up_Oct 23,2015

Retail News :

 

  • Top ecommerce firms Flipkart, Amazon, Snapdeal shun UP, Uttarakhand post tax hassles
  • Myntra targets 10X growth, $5 billion in GMV by 2020
  • Reboot Systems India in talks to raise $15 million to $25 million to take on GreenDust, OverCart
  • Shopclues eyes $1 billion GMV by early next year
  • Amazon to reward top sellers on its platform
  • Walmart suddenly removed ‘Made in USA’ labels from its website
  • Gati’s net profit falls 16.15% to Rs 5.8 crore due to higher staff benefit costs
  • Government to increase spends on digital advertising