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Online Sales rise on Black Friday, with Amazon offering Steepest Discounts among E-Commerce Sites

Online shopping continued to grow, with Adobe saying that Black Friday was on track to set a new record by surpassing the $3 billion mark for the first time

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Online Shopping (representational Image), Wikimedia

Washington, Nov 26, 2016: US online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers.

Though in-store customer traffic picked up in the afternoon, it paled in comparison to the jump in online sales, NBC news cited analysts as saying.

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Macy’s Inc’s website crashed as it saw heavy traffic on Friday. It had to delay customers from entering the site at three different times.

Online sales on Friday hit $1.70 billion as of 3 p.m., according to Adobe Digital Index, after reaching $1.13 billion on Thursday, up almost 14 percent from a year ago.

The National Retail Federation expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

This weekend’s shopping could reflect signs of faster economic growth in the fourth quarter this year.

Administrative assistant Kelsey Gilford, 52, was shopping at Chicago’s Water Tower mall on Friday but had already made purchases online on Thursday.

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“I looked at some online deals on J.C. Penney which were good. I bought a small kitchen appliance yesterday (Thursday),” she said.

Amazon.com Inc offered a 42 percent off, compared with 33 per cent off at Walmart, 35 per cent at Target and 36 percent at Best Buy.

Amazon said Black Friday would surpass last year in terms of the number of items ordered on its website. The Seattle-based company declined to provide specifics.

Online shopping continued to grow, with Adobe saying that Black Friday was on track to set a new record by surpassing the $3 billion mark for the first time.

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It is also expected to become the first day in US retail history to drive over a billion dollars from mobile sales.

Mobile accounted for 40 per cent of sales, with 29 per cent from smartphones, and 11 per cent for tablets.

Combined with Thursday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales.

Tamara Gaffney, principal analyst and director, Adobe Digital Insights, said: “We expect Cyber Monday to surpass Black Friday and become the largest online sales day in history with $3.36 Billion.”

Meanwhile, UK shoppers also rushed to buy Black Friday bargains, as retailers and payment firms reported strong sales.

Barclaycard said it had seen a record number of transactions on Friday, while Argos, John Lewis and Currys PC World reported a surge in orders, BBC reported.

In the UK, analysts expect sales on Friday to have topped last year’s 1.9 billion pound, with people hunting for discounts ahead of an expected rise in prices next year.

“The Black Friday promotions at the end of November are the start of a longer, more drawn-out peak season, which begins with most of the activity online and then moves in-store as we get closer and closer to Christmas day,” said Richard Jenkings, data analyst at credit reference agency Experian. (IANS)

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Con man in Delhi Duped Amazon for over Rs. 50 Lakh; Arrested by Delhi Police for Fraud

Shivam, a resident of north-west Delhi’s Tri Nagar, holds a degree in hotel management. However, he chose to use all his management skills to con the commercial giant, Amazon

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Amazon logo. Wikimedia

New Delhi, October 11, 2017 : Leading e-commerce portal Amazon was taken for a ride by a 21-year-old youth who is said to have duped the company for over 50 lakh.

As per the police, the accused, identified as Shivam Chopra, bought over 166 expensive mobile phones via the online e-commerce store Amazon and consequently demanded refunds claiming he had received an empty box.

Shivam, a resident of north-west Delhi’s Tri Nagar, holds a degree in hotel management. However, he chose to use all his management skills to con the commercial giant, Amazon.

A complaint registered this year on behalf of Amazon Seller Services Private Limited first raised eyebrows in June when it was revealed that refunds had been claimed for as many as 166 mobile phones that had been ordered between April and May, on the claims that the delivery packages were empty. Suspicion gathered momentum when it was further revealed that payments for all these 166 mobiles were made through gift cards.

Allegedly, Shivam would use different customer accounts (reports suggest he used 48 different accounts) to place orders of expensive phones on Amazon and would provide the portal with a false address. He would then speak with the delivery associate and collect his order at a mutually decided place within the locality. Consequently, Shivam would then place complaints with Amazon, claiming that he had received an empty package and would demand a refund.

Subsequently, refunds were initiated in the form on gift cards.

ALSO READ Indian-origin Magician charged with multiple counts of helping others to fraudulently obtain money in Singapore

Following an enquiry, a case was registered with the Delhi Police in August.

The accused was then identified with the help of Amazon’s delivery persons, and the locals and by tracing the multiple numbers that were used to place the orders and Shivam was arrested on October 6.

According to the police, Shivam allegedly also purchased 150 pre-activated SIM cards to place the orders from different numbers. His accomplice in the con, Sachin Jain, has also been arrested, who helped provide him the SIM cards.

As per a report by PTI, upon investigation, the Delhi Police recovered 19 mobile phones from Shivam’s house. It was revealed that he had sold all other devices to buyers in the notorious Gaffar Market, or on the online marketplace OLX. The police also recovered Rs 12 lakh in cash, 40 bank passbooks and cheques from his house.

An Amazon India spokesperson later thanks ed the Delhi police for their services in an official statement and added, “We continue to work closely with the Delhi Police and thank them for all their efforts in the investigation.”

An ordinary guy who duped an e-commerce website and claimed refunds running into lakhs of rupees – the case is not a first of its kind. Previously, con-men had been arrested for duping rival e-commerce website FlipKart. However, what is peculiar is how no action has been taken to keep such frauds at bay and these cases continue to suffer.

 

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‘Humans Have Caused Pollution and Humans Can Fix It too’, Says UN Environment Head; Asserts Asia Must Lead Efforts for a Pollution-Free Earth

World Health Organization figures show Asia has 25 of the world's 30 most-polluted cities in terms of fine particles in the air that pose the greatest risks to human health

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Asia-Pacific
People wear protective masks during a polluted day in Shanghai (VOA)

Bangkok, September 9, 2017 : Asia-Pacific — home to more than half the world’s population and some of its fastest-growing economies — is a key battleground in the fight against pollution, one of the biggest threats to the planet and its people, the U.N. environment chief said.

An estimated 12 million people die prematurely each year because of unhealthy environments, 7 million of them due to air pollution alone, making pollution “the biggest killer of humanity,” Erik Solheim told the first Asia-Pacific Ministerial Summit on the Environment in Bangkok this week.

ALSO READ Air Pollution expected to Cause 60,000 Deaths in 2030 and 2,60,000 in 2100 Globally: Study

Humans have caused pollution and humans can fix it, said Solheim, executive director of UN Environment, in an interview with Reuters at the four-day summit.

“The struggle for a pollution-free planet will be won or lost in Asia — nowhere else,” said the former Norwegian minister for environment and international development.

The sheer size of Asia-Pacific, as well as its continued economic growth, put it at the heart of the challenge, he added.

The region’s development has been accompanied by worsening pollution of its air, water and soil. Its emissions of planet-warming carbon dioxide doubled between 1990 and 2012, and the use of resources such as minerals, metals and biomass has tripled, according to the United Nations.

Asia-Pacific
A man carries a sack of vegetables as he walks past a polluted canal littered with plastic bags and other garbage, in Mumbai. (AP Photo/Rafiq Maqbool) (VOA)

World Health Organization figures also show Asia has 25 of the world’s 30 most-polluted cities in terms of fine particles in the air that pose the greatest risks to human health. The pollution comes largely from the combustion of fossil fuels, mostly for transport and electricity generation.

Solheim said Asia is also a major contributor of plastic polluting the world’s oceans — and solutions can be found in the region. He pointed to a huge beach cleanup campaign in Mumbai that inspired Indian Prime Minister Narendra Modi to overhaul the country’s waste management system.

“There’s enormous environmental opportunity,” Solheim said. “Asia has by and large strong governments, and they have the ability to fix problems.”

Coal no longer king?

Solheim said fighting pollution by moving toward renewable energy sources such as wind and solar would also benefit efforts to curb climate change, which scientists say is stoking more deadly heatwaves, floods and sea-level rise around the world.

But environmentalists worry that Asia’s demand for coal, the most polluting of the major fossil fuels, is likely to grow for years to come.

Figures from a forum organized by the King Abdullah Petroleum Studies and Research Center in Singapore earlier this year show that some 273 gigawatts of coal power are still being built, although much more has been put on hold.

In July, analysts told Reuters that Japan, China and South Korea are bank-rolling coal-fired power plants in Indonesia despite their pledges to reduce planet-warming emissions under the Paris climate deal.

Asia-Pacific
Workers operate machines at a coal mine at Palaran district in Samarinda, Indonesia (VOA)

The landmark 2015 Paris Agreement seeks to limit the rise in average world temperatures to well below 2 degrees Celsius above pre-industrial times. Experts say curbing or ending the use of coal is required if this goal is to be reached.

Globally, many countries — including China — are shutting down or suspending plans for coal-fired power plants as costs for wind and solar power plummet.

Solheim is optimistic, noting that the International Energy Agency significantly raised its five-year growth forecast for renewables led by China, India, the United States and Mexico.

“There are very, very few people in the world who believe that the future is coal,” he said. “I think we will see the shift [to renewables] happening much faster than people tend to believe.”

ALSO READ Paris climate pact: The play of words

On U.S. President Donald Trump’s decision to pull his nation out of the Paris Agreement, Solheim sees a silver lining.

“The surprising judgment of history may be that Donald Trump did a lot of service to this fight against climate change by withdrawing, because he galvanized the reaction of everyone else,” said Solheim.

“All the big, iconic companies of modern capitalism — Apple, Google, Microsoft, Amazon — they immediately said, ‘We will move into the green economy.'” (VOA)

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Indian Companies Patanjali, Reliance Jio Among The Top 10 Influential Brands in India

Patanjali bagged the fourth position while and Mukesh Ambani’s controlled Reliance Jio has bagged the ninth position

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Patanjali
Bhai Sunder Panchal with Baba Ramde. Wikimedia

July 15, 2017: According to a study by the global research firm Ipsos, Yoga guru Baba Ramdev promoted Patanjali Ayurveda was featured among the top 10 most influential brand in India coupled with Samsung and new player Reliance Jio. Google tops the list followed by Microsoft and Facebook, ranked at number two and three respectively.

Patanjali bagged the fourth position while Mukesh Ambani’s controlled Reliance Jio has bagged the ninth position, as mentioned in the reports of the most influential brands by Ipsos. The entry of both the Indian firms is certainly grand as they did not appear in the previous editions of the study.

The Ipsos study evaluates over 100 brands across 21 countries and covered more than 1,000 Indians online to assess over 100 brands. The study also included 36,600 interviews.

The study included the biggest, most popular and highest spending brands.

Also Read: Patanjali targets will reach 1 Lakh Crore Production by 2020, says Yoga guru turned businessman Baba Ramdev 

 Ipsos Public Affairs and Loyalty Executive Director Parijat Chakraborty said, “The Most Influential Brands are larger than life. They enhance our lives, make it better. We connect with them emotionally and cannot imagine our lives without them — they are influential.”

State Bank of India (SBI) being the only financial institution that made the list, scaled up four ranks to take the fifth position.

E-commerce player Flipkart fell three steps below to take the tenth place whereas Amazon climbed several steps higher to take the sixth place, the study stated. Apart from that, Samsung was ranked 7th while Airtel took the 8th position in the list.

Interestingly, all brands that have featured in the list are those that consumer engages with on a daily basis, the study said as reported by PTI.

Brands like Snapdeal, Apple, Dettol, Cadbury, SONY, HDFC Bank, Maruti Suzuki, Good day and Amul bagged the place in the list from 11 to 20.

The brands were rated by the consumers on quality, experience and value. Other noteworthy factors include big marketing spend and consciously work towards increasing their brand equity.

-Prepared by Staff Writer at Newsgram.