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Friday, November 28, 2014 - 10:23
CNBC
Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling. The online grocers benefit from low overheads, as they store goods in warehouses outside big cities where commercial rents are sky-high. Some like Bigbasket.com can also charge more for certain items than traditional supermarkets, which means even more profits in a country where all food retailers enjoy margins as high as 20 percent on rice and other staples. Bigbasket.com director...
2014-11-28 06:00
Chinese consumer sentiment was nearly flat in November from a month ago as pessimism about business conditions grew, a latest study showed. The Westpac MNI China Consumer Sentiment Indicator was 111...
The increase in New Zealand’s retail spending increased September were led by rises in the...
2014-11-28 06:00
The health ministry has accepted an expert panel’s recommendation of a complete ban on the sale of loose cigarette sticks in the country. The recommendations, reviewed by Business Standard,...
2014 is coming to a close and as we herald in the New Year, retailers around the world are busy...
2014-11-28 06:00
French fashion house Chloé is pushing its presence in China forward. Clare Waight Keller, the brand’s creative director, presented Chloé’s spring 2015 collection in Beijing...
It's going to be a French-inspired Christmas spirit at the Landmark in Hong Kong this season as the...
2014-11-28 06:00
India was the fastest growing market in Asia-Pacific for smartphones with a quarter-on-quarter growth of 27 percent in the third quarter of 2014. Research firm IDC said the growth can be attributed...
Companies like Amazon, iTunes and Net-a-Porter conduct all their business online. Traditional...
2014-11-27 06:00
H&M CEO Karl-Johan Persson is one of this year’s recipients of the Fairness Award, which recognized the company's work to open opportunities for the working poor throughout the world. The...
Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the...

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