Online retailer Amazon will open 12 temporary stores in Delhi-NCR, Bengaluru and Mumbai to promote its upcoming weekend fashion sale, a report said on Monday. The report states while Amazon is calling it the ‘end of season sale’, it also looks to clear its June stocks before the goods and service tax kicks in, which will change the taxation structure and prices. Amazon’s weekend fashion sale clashes with similar ‘end of season sales’ from the rival Flipkart’s fashion subsidiaries -- Jabong and Myntra. The New York Times too had reported in March that the American e-tailer “is quietly targeting India for new brick-and-mortar grocery stores” under a programme code-named “Project Everest”. In the US, Amazon already has retail book stores in seven states, while five more are proposed.

Source: Hindustan Times June 20, 2017 05:37 UTC