Exporters selling via Amazon e-commerce exports on the rise
The programme has 1.5 lakh exporters and in the last 10 years, the cumulative export from India is $ 13 billion. This is expected to touch $ 20 billion by the end of 2025. Amazon Global Selling recently signed a Memorandum of Understanding with the Federation of Indian Export Organisations. It conducted four Export Haat events this year and is looking at four or five more, he added.
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Business Standard
3 hours ago
- Business Standard
Amazon to revamp Fire tablets with Android in major Kittyhawk project
As part of a project known internally as Kittyhawk, Amazon plans to release a higher-end tablet as soon as next year offering the Android operating system software for the first time Reuters Amazon is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company's homegrown operating system. As part of a project known internally as Kittyhawk, Amazon plans to release a higher-end tablet as soon as next year offering the Android operating system software for the first time, according to six people familiar with the matter. Since the Fire tablet introduction in 2011, Amazon has used what is known as a forked version of Android with custom modifications that make it work like a unique operating system. Amazon has long sought to undercut hardware rivals with inexpensive tablets and other devices that serve as a doorway to the firm's digital content, like e-books, videos and music. The devices have typically sold at or near manufacturing cost. But the focus on simplicity has held back sales, particularly among consumers who seek higher-performing devices. The multiyear project to switch to Android marks a philosophical change for the online retail giant, which has eschewed third-party operating systems and software in favor of its own. As a result, Amazon has offered its own app store requiring developers to make separate versions of their apps for Fire tablets, limiting the stores variety. If Kittyhawk is successful, Fire tablets could be more desirable for consumers who crave compatibility with other Android devices, the people said. They cautioned that Kittyhawk could be delayed or cancelled over financial or other concerns. Consumers have always expressed a concern about not having access to the latest Android versions, not having access to some of their apps because Amazon used their own store, said Jitesh Ubrani, a researcher at IT advisory firm IDC. It's meant more work for developers in this day and age of largely free apps or services. Ubrani noted that Amazon has nonetheless sold many millions of the tablets. Amazon has forfeited profits on the devices themselves in favor of making money on selling their associated services, like streaming movie rentals. But such inexpensive devices typically come with compromises like lower screen quality or battery life compared with pricier options. Amazon is the world's fourth-largest tablet seller, with 8 per cent of the market, just behind Lenovo's 8.2 per cent, according to second-quarter IDC data. Apple and Samsung were the market leaders with 33.1 per cent and 18.7 per cent, respectively. PRICIER TABLET The first Amazon Android tablet, slated for next year, will be pricier than current models, the people said. One of them said Amazon had discussed a $400 price tag, nearly double the cost of its current higher-end $230 Fire Max 11 tablet. IPads, by comparison, range from $350 to $1,200. Reuters could not learn additional specifications for the planned Amazon tablet, such as screen size and speaker quality or memory capacity. Amazon historically has avoided using software or other products from third parties, preferring to develop the services in-house or, barring that, to acquire a competitor. The Fire Phone smartphone championed by Amazon founder Jeff Bezos and released in 2014 failed to win over buyers in part because of its reliance on Fire OS, as well as its high price tag. Amazon canceled the device and took a $170 million writedown. But the Seattle retailer has more recently shown a willingness to use rivals services, particularly through its investment in startup Anthropic, whose Claude artificial intelligence software is the primary underpinning of Amazon’s Alexa+ voice assistant and a chatbot used by employees known as Cedric. The new Fire tablet, the people said, will use the open-source version of Android, meaning it does not require direct coordination with Google and can be customized. Amazon is planning to roll out some lower-priced tablets with its Linux-based Vega operating system now in some Fire TV devices, some of the people said. The full slate of tablets will eventually be powered by a version of Android, the people said. The Fire project's internal code name of Kittyhawk seems to derive from the North Carolina town near where the Wright brothers conducted the first powered flight in 1903. But it is also the name of a failed flying car startup backed by Google co-founder Larry Page that burned through hundreds of millions in cash. Amazon declined to discuss the meaning behind its Kittyhawk project name.
Economic Times
5 hours ago
- Economic Times
Why Target ousted CEO Brian Cornell after he turned the US retail giant into a $100 billion powerhouse
AP Brian Cornell took the helm at Target in 2014, becoming the retailer's first CEO hired from outside the company Brian Cornell, the CEO of Target, is stepping down as the embattled retail giant in the US faces ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by , Target's chief operating officer, the company said on Wednesday. One of the nation's largest retailers, Target has been struggling to find its groove on prices and merchandising as shoppers look elsewhere for both. Brian Cornell invested in private-label brands, remodeled Target stores and expanded the big-box chain's online sales. 20-year company veteran Michael Fiddelke, currently serving as chief operating officer, will succeed him as CEO. ALSO READ: Top 10 highest paying jobs in US Cornell took the helm at Target in 2014, becoming the retailer's first CEO hired from outside the company. Before that, he led PepsiCo Americas Foods as CEO starting in 2012 and previously served as CEO of Walmart's Sam's Club. At Target, Cornell oversaw a remarkable transformation—growing the business into a $100 billion powerhouse and boosting revenue by $34 billion over 11 years. He drove major store remodels, expanded the digital and e-commerce side to rival Amazon, and successfully revitalized the brand after a difficult stretch. ALSO READ: Target new CEO Michael Fiddelke's stunning rise from Intern to boss: Story in 10 points The leadership change at Target was announced with the company's second-quarter earnings report, which showed a decline of 1.9% in comparable sales from a year ago. That included a 3.2% drop in comp store sales and a 4.3% increase in comp digital sales. Sales at Target, which has almost 2,000 stores across the US, fell more than expected in the first quarter of 2025, and the retailer warned earlier this year that sales will continue to slip through the rest of the year. Target said people were scaling back spending over worries about the impact of tariffs and the state of the economy. The company also said customer boycotts affected company scaled back many DEI initiatives in January after they came under attack by conservative activists and the White House, which triggered a backlash. A poll in February found that Americans had changed their shopping habits and abandoned some stores in response to corporations shifting their policies to align with the Trump READ: Target CEO Brian Cornell steps down after 11 years as sales continue to drop Reports also suggested that many black Americans boycotted Target and Amazon, and earlier this year more than 250,000 people signed a pledge to boycott Target after the Rev Jamal Bryant, pastor of New Birth Baptist church in Georgia, called for a 40-day 'Target Fast' that started at the beginning of the Lenten January this year, Target joined a wave of companies who pulled back on diversity, equity and inclusion (DEI) initiatives, as right-wing pressure leads companies to alter their commitment to hiring diverse candidates and expanding access. Target said in a statement that it will end its three-year diversity, equity and inclusion goals. In 2022, the company said that those goals included ensuring 'equitable access to career advancement' and 'equitable business decisions that increase relevance with diverse guests and support economic inclusivity.' Target had also committed in 2020 to expand Black representation at the company by 20%.The retail giant also said it will stop participating in all external diversity-focused surveys, including a popular one from the Human Rights Campaign, an LGBTQ advocacy group. And it is 'further evaluating' corporate partnerships and changing its 'supplier diversity' team to 'supplier engagement.' 'We recruit and retain team members who represent the communities we serve and fuel a culture where everyone has access to opportunity and growth,' Target said in the has been losing ground to rival Walmart on value and product mix. The company is plagued by "issues like out of stocks, long wait times at registers, and increasingly messy stores," according to GlobalData analyst Neil Saunders, reports Axios. "All these things actively train customers not to shop at Target; especially during a period when the shopper is laser focused on value for money and time."
Time of India
6 hours ago
- Time of India
Why Target ousted CEO Brian Cornell after he turned the US retail giant into a $100 billion powerhouse
Who is Brian Cornell? Brian Cornell's shock exit from Target Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Brian Cornell, the CEO of Target, is stepping down as the embattled retail giant in the US faces ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by , Target's chief operating officer, the company said on of the nation's largest retailers, Target has been struggling to find its groove on prices and merchandising as shoppers look elsewhere for both. Brian Cornell invested in private-label brands, remodeled Target stores and expanded the big-box chain's online sales. 20-year company veteran Michael Fiddelke , currently serving as chief operating officer, will succeed him as took the helm at Target in 2014, becoming the retailer's first CEO hired from outside the company. Before that, he led PepsiCo Americas Foods as CEO starting in 2012 and previously served as CEO of Walmart's Sam's Target, Cornell oversaw a remarkable transformation—growing the business into a $100 billion powerhouse and boosting revenue by $34 billion over 11 years. He drove major store remodels, expanded the digital and e-commerce side to rival Amazon, and successfully revitalized the brand after a difficult leadership change at Target was announced with the company's second-quarter earnings report, which showed a decline of 1.9% in comparable sales from a year ago. That included a 3.2% drop in comp store sales and a 4.3% increase in comp digital at Target, which has almost 2,000 stores across the US, fell more than expected in the first quarter of 2025, and the retailer warned earlier this year that sales will continue to slip through the rest of the year. Target said people were scaling back spending over worries about the impact of tariffs and the state of the economy. The company also said customer boycotts affected company scaled back many DEI initiatives in January after they came under attack by conservative activists and the White House, which triggered a backlash. A poll in February found that Americans had changed their shopping habits and abandoned some stores in response to corporations shifting their policies to align with the Trump also suggested that many black Americans boycotted Target and Amazon, and earlier this year more than 250,000 people signed a pledge to boycott Target after the Rev Jamal Bryant, pastor of New Birth Baptist church in Georgia, called for a 40-day 'Target Fast' that started at the beginning of the Lenten January this year, Target joined a wave of companies who pulled back on diversity, equity and inclusion (DEI) initiatives, as right-wing pressure leads companies to alter their commitment to hiring diverse candidates and expanding access. Target said in a statement that it will end its three-year diversity, equity and inclusion goals. In 2022, the company said that those goals included ensuring 'equitable access to career advancement' and 'equitable business decisions that increase relevance with diverse guests and support economic inclusivity.' Target had also committed in 2020 to expand Black representation at the company by 20%.The retail giant also said it will stop participating in all external diversity-focused surveys, including a popular one from the Human Rights Campaign, an LGBTQ advocacy group. And it is 'further evaluating' corporate partnerships and changing its 'supplier diversity' team to 'supplier engagement.' 'We recruit and retain team members who represent the communities we serve and fuel a culture where everyone has access to opportunity and growth,' Target said in the has been losing ground to rival Walmart on value and product mix. The company is plagued by "issues like out of stocks, long wait times at registers, and increasingly messy stores," according to GlobalData analyst Neil Saunders, reports Axios. "All these things actively train customers not to shop at Target; especially during a period when the shopper is laser focused on value for money and time."
