Shop LC, Vaibhav Global's US subsidiary, has expanded presence on third party marketplaces by listing products on Amazon, eBay and Walmart in Canada. The new storefront is now live on http://www.amazon.ca, https://www.ebay.ca/ and https://www.walmart.ca/en as Shop LC Delivering Joy, to purchase affordable fashion jewelry and lifestyle products. The Company has partnered with DHL to fulfill timely deliveries of the products in the Canada market.
Commenting on the development, Geetanjali Gupta, Director of Marketplace Shop LC said, "As an omni-channel retailer, we at Shop LC are excited about our Marketplace journey in Canada. We see a high potential customer base for fast fashion jewelry and lifestyle products in Canada and believe this will be a highly successful move for Shop LC. We have set up the required infrastructure for quality and timely delivery along with a strong products portfolio in the offing. This is an exciting step for us and so far, we have seen encouraging response from the market. We remain confident of delivering in line with the customer expectations."
Shares of Vaibhav Global Ltd was last trading in BSE at Rs.2157.9 as compared to the previous close of Rs. 2100.8. The total number of shares traded during the day was 361 in over 183 trades.
The stock hit an intraday high of Rs. 2170 and intraday low of 2116.85. The net turnover during the day was Rs. 776088.