In yet another ecommerce debacle, Vogue Magnet, one of the luxury and exclusive sales websites selling latest fashion and lifestyle products in the country has decided to cease its ecommerce operations with immediate effect. According to the Vogue Magnet message posted on its website “the current ecommerce market conditions have many ecommerce players selling products at below cost price to lure users. The only way to sustain the business at this time is to get into a price war and burn a lot … [Read more...]