Amazon prides itself for its proper person evaluations for products but it is able to have something to fear approximately. A take a look at with the aid of UK-based customer organization ‘Which?’ shows that era products of ‘unknown’ brands on Amazon have obtained 5-celebrity rankings. Moreover, the reviewers seem to be unverified customers.
The have a look at says that seek consequences for devices are ruled usually with the aid of manufacturers no person has ever heard of, but their critiques are wonderful. In truth, inside hours of those merchandise being uploaded onto Amazon, they have got hundreds of five-star reviews.
This file is primarily based on evaluations of 14 technology merchandise which includes smartwatches, wearables, cameras, headphones that have been reputedly heavily focused by doubtlessly faux evaluations. Headphones have the very best number of fake opinions.
The Promoter in conjunction with PAC has submitted to the Exchange a duplicate of Annual Disclosure underneath Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 2011 as on March 31, 2019. Source: NSE
Flipkart-owned Myntra now offers better discounts on products which might be sold beneath the non-returnable option.
Customers can use the “Make (the product) non-returnable” alternative at the time of test out whilst making purchases thru the website.
A most of 4 percent extra discount beneath the non-returnable option is to be had to maximum merchandise within the clothing, lifestyle, electronics, and domestic décor segments.
The scheme is thus far not to be had on Jabong and Flipkart Fashion.
“We maintain experimenting with new features every now and then and scale them primarily based on performance and consumer adoption,” Amar Nagaram, Head of Myntra and Jabong stated.
Walmart, which owns Flipkart, has a similar additional discount on its US-based totally e-trade platform Jet.Com.
Online fashion portals generally get 15-20 percentage go back a fee for garb, according to Wazir Advisors, a consultancy that tracks the retail enterprise.
Myntra has been trying to entice greater clients with new merchandise, reductions, and offers.
Recently, Swedish garb employer H&M commenced selling its products on Myntra and Jabong.
Myntra has been struggling with profitability and mentioned a net loss of Rs 151.20 crore in FY18.
The employer has seen some modifications when you consider that discern Flipkart were given received by using Walmart in 2018.
Ananth Narayanan, leader of Myntra and Jabong, quit in advance this yr.
Net Sales at Rs 36.Ninety-six crores in March 2019 down 8.Forty-seven % from Rs. Forty.38 crore in March 2018.
Quarterly Net Profit at Rs. 0.01 crore in March 2019 down ninety-nine .8% from Rs. 4.Ninety crores in March 2018.
EBITDA stands at Rs. Three.50 crore in March 2019 down 64.75% from Rs. 9.Ninety-three crores in March 2018.
Wendt EPS has decreased to Rs. 0.01 in March 2019 from Rs. 24.Forty-seven in March 2018.
Wendt shares closed at 2,965.50 on April 24, 2019 (NSE) and have given 4.00% returns over the last 6 months and -8.63% during the last three hundred and sixty-five days.