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Tuesday, October 21, 2014 - 06:30
Shanghai Daily
By selling directly to Chinese consumers on Alibaba's platform, a move unveiled last Tuesday, Costco Wholesale Corp aims to employ local knowledge and a low-cost structure to avoid missteps that caused even the world's largest retailer, Wal-Mart Stores Inc, to stumble. Many global retailers opening in China have struggled to find product mixes and store designs favoured by local customers. Besides Walmart, Best Buy, eBay and others have fallen short of expectations in one of the fastest-growing consumer markets. Costco's virtual storefront on Alibaba Group Holding's Tmall is designed to help...
2014-10-21 06:00
Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. To view the full article (...
Bangladesh recorded the biggest increase in consumer confidence, jumping 25.9 points (from 40.5...
2014-10-21 10:18
Fast Retailing Co. Ltd. has set up a joint logistics hub with Daiwa House Industry Co. Ltd. in Tokyo, Japan to meet the full range of logistics needs of customers and to introduce a new level of...
SurfStitch is an Australian online surfwear retailer which stocks over 15,000 products and over 190...
2014-10-21 10:18
Thousands queued for the grand opening of H&M's flagship store in the Philippines on 17 October following a shopping party two nights before. Dance music, surprises, best prices and a giant...
Citing a seismic shift in consumer behavior during the holiday season in 2013, Howard Schultz,...
2014-10-21 10:21
They're not just for sharing any more –  Facebook and Twitter are now looking to play a bigger role in shopping. Both major social networks have unveiled plans to start using "buy...
To stay competitive with e-commerce providers, brick-and-mortar retailers need business...
2014-10-17 07:00
Karl-Johan Persson, CEO at H&M, met with Tofail Ahmed, Minister of Commerce in Bangladesh, this week to discuss effective systems that regulate costs and prices and the need for continued wage...
Gap Inc. announced recently that it is hiriong more than 63,000 seasonal associates nationwide at...

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