The industry is also seeking to waive off the bank commission or reduce it to 0.20 percent, to boost digital transactions in the industry. On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought the reduction of gold import duty to 4 percent to check to smuggle in […]

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The financial success of Nordstrom’s off-price Nordstrom Rack stores has offset the company’s shrinking sales in its full-price locations for years. But competition in the discount fashion retail category has intensified since the Great Recession—and the Seattle-based retailer has recently been feeling the heat from Burlington stores, Ross stores, Saks Off 5th, and (to a […]

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