Business

Zara's fast fashion finds its shopaholics in India

Source: 
Business Standard

Even before Zara launched its first store in 2010 in India, the web traffic for online purchase from India was one of its highest in the world, according to Devanshu Dutta, CEO of retail consultant Third Eyesight. "It is highly possible that Zara shoppers buy once in five-six weeks, if not once in two weeks as they do in western markets. Most of the other brands would be lucky if they got the same shopper once in two months," Dutta adds.

Indian e-tailers rake it in as shoppers log in, drive out of malls

Source: 
The Hindu Business Line

Online retailers in India have stolen the thunder from big malls and jazzy retail outlets this holiday season.

Offering discounts from 10 to 60 percent, and sometimes even more, e-commerce players such as Snapdeal, Flipkart, Jabong and Yebhi have reported more business in December than they did in any other month. Big malls are feeling the heat though, for people are eating and watching movies, but are not shopping.

Coffee Bean eyes 12 more outlets in Malaysia next year

Source: 
The Malaysian Insider

Specialty coffee and tea retailer, The Coffee Bean & Tea Leaf (CBTL), is looking at adding 12 more outlets in Malaysia next year.

Its Director of Marketing & Development, Fiona Rodrigues, said the company currently has 50 outlets nationwide, employing over 800 workers.

"We're now looking at new towns. Economic spending in Malaysia is not confined to the urban areas anymore. The next locations for us are Ipoh and Cyberjaya," she said in an interview with Bernama.
 

Dick Smith's IPO to open opportunities for investors in Australian electronics business

Australia's largest retailer of consumer electronics products announced plans of listing on the Australian Securities Exchange (ASX).

Dick Smith Holdings Limited (Dick Smith) lodged the prosecutes for the Initial Public Offering (IPO) with the Australian Securities and Investments Commission (ASIC) on Thursday.

Based on a share price of AUD2.20 per share, the company expects the offering to raise AUS344.5 million (USD).

Bargain cashmere tests thrifty Japan's taste for little luxuries

Source: 
CNBC

Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan's biggest retailers, Fast Retailing and Seven & I Holdings Co Ltd, are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.

Bargain cashmere tests thrifty Japan's taste for little luxuries

Source: 
CNBC

Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan's biggest retailers, Fast Retailing and Seven & I Holdings Co Ltd, are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.

Online solutions please Myer, DJs clientele

Source: 
The Sydney Morning Herald Online

David Jones and Myer face big challenges as they deal with lacklustre consumer demand in Australia, a shift in household spending away from merchandise to what the retailers call experiences – lattes instead of crockery, say, or a plane ticket instead of a new suitcase – and the expansion of internet retailing.

They are, however, making a pretty good fist of a task that many observers believed would be beyond them. The price gap between them and overseas online retailers is closing, and it seems it is doing so without creating a profit sinkhole.

In China, the Devil doesn't wear Prada

Source: 
CNBC

The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.

Prada is among a few premium brands reporting solid growth in the world's second largest luxury market even as a government campaign against conspicuous spending and gift-giving hurts firms with instantly recognizable brands like LVMH, Compagnie Financiere Richemont and Kering.

Low cash, slowing sales, double whammy for Indonesia's retailers

Source: 
The Malaysian Insider

As Indonesia's economy boomed in recent years, its retailers had a simple formula: open more stores. And more. And more. Minnows became leviathans.

That strategy is now haunting them as the rupiah currency tumbles, inflation accelerates, interest rates rise and growth slows. The country's three biggest retailers are in their weakest cash position since the 2008 global financial crisis, just as consumers are tightening their wallets.

Philippines' Jollibee Foods sets aside USD135m for store expansion next year

Source: 
philstar.com

Fastfood giant Jollibee Foods Corp. (JFC) is accelerating its local and foreign store expansion next year that will be supported by a record PPH6 billion (USD134.7 million) capital spending, a top company executive said.

“Normally, we would grow the store opening by at least 10 percent. If we open 200 this year, you add 20 stores so it will be 220 (branches next year),” JFC chief financial officer Ysmael Baysa told reporters said.

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