×
74 371
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Jersey Gardens
Permanent · ELIZABETH
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · New York
TJX COMPANIES
Loss Prevention Detective
Permanent · Midland
MARSHALLS
Loss Prevention Detective Full-Time
Permanent · Reynoldsburg
BANANA REPUBLIC
General Manager - Streets @ Southpoint
Permanent · DURHAM
OLD NAVY
Assistant General Manager - Puerto Rico Premium
Permanent ·
RALPH LAUREN
Full Time Sales Professional
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Santa Anita
Permanent · Arcadia
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Fashion Valley
Permanent · San Diego
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Oakridge
Permanent · San Jose
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Fashion Fair
Permanent · Fresno
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Palm Desert
Permanent · Palm Desert
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Santa Anita
Permanent · Arcadia
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, South Shore
Permanent · Braintree
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Parkway Plaza
Permanent · El Cajon
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Cherry Creek
Permanent · Denver
COTY
Director, PR/im, Social & Digital-Covergirl & Rimmel
Permanent · New York
MACY'S
Asset Protection Detective, Southland - Full Time
Permanent · Hayward
MACY'S
Retail Cosmetics Sales - Shiseido, Miami International - Part Time
Permanent · Miami
URBN
fp Movement Stylist
Permanent · TIBURON
URBN
fp Movement Key Holder Part-Time
Permanent · TIBURON
URBN
Free People Assistant Visual Manager
Permanent · WOODCLIFF LAKE
By
Reuters API
Published
Jan 31, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon takes numerous products off its India website to comply with new rules

By
Reuters API
Published
Jan 31, 2019

Amazon.com began removing a wide array of products from its India website late on Thursday to comply with the country's new foreign investment curbs that kick in from Feb. 1, two sources with direct knowledge of the matter told Reuters.

Reuters


In December, India modified foreign direct investment (FDI) rules for its burgeoning e-commerce sector that has drawn major bets from the likes of Amazon.com Inc and Walmart Inc, which earlier in 2018 had acquired a controlling stake in homegrown e-commerce player Flipkart.

India's new e-commerce investment rules block the companies from selling products via vendors in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

Both Amazon, and Walmart's Flipkart, had extensively lobbied against the latest rules and pushed for a delay in their implementation, but India late on Thursday said the deadline was going to stand.

Industry sources have said the new rules would force the e-commerce giants to change their business structures and raise compliance costs.

Hours before the Feb. 1 deadline on Thursday, numerous items sold by sellers, such as Cloudtail, in which Amazon holds an indirect equity stake, were no more available on the website.

Two sources with direct knowledge told Reuters the products were being removed to comply with the new India rules.

"The company has no choice, they are fulfilling a compliance requirement ... the customers will suffer," said one of the sources.

Exclusive deals with the sellers, in compliance with new norms, will also be discontinued, the sources said. The products that were no longer immediately available included its range of Echo speakers, Amazon's Presto-branded home cleaning products and other Amazon Basics products such as chargers and batteries.

Amazon India told Reuters it was "committed to remaining compliant to all the laws of the land", adding that all sellers make their own independent decisions of what to list and when.

It was not immediately clear what were the changes on Flipkart's website. The company did not immediately respond to a request for comment.

© Thomson Reuters 2023 All rights reserved.