Gap Inc. opened Old Navy’s first store in China on 1 March, continuing its expansion outside the US.
The 22,000 square foot three-level store is located in Shanghai’s famous Nanjing West Road in the Jing’an District, a major commercial area known for shopping, sightseeing, hotels and office buildings.
Starbucks Coffee Japan Ltd plans to make all its 800 contract employees permanent workers on April 1 as part of efforts to improve the quality of its services, company officials said on Thursday.
The salaries of the contract workers are expected to increase after their promotion as they will get seasonal bonuses, the officials said.
Vietnam's total retail sales and service revenues increased 11.6 percent year-on-year to VND474.10 trillion (USD22.6 billion) in the first two months, the General Statistics Office (GSO) reported.
Vu Manh Ha, a senior expert at the GSO Trade Department, said that the nation's retail sales during the reviewed period have returned to average growth of 6.2 percent, if price hikes were excluded.
As expected, the National Retail Federation's (NRF) big show in New York City last month was an impressive showcase of innovation for the retail sector. With 27,000 attendees, 200,000 feet of expo space and more than 550 booths, the vast spread of technology offerings from all over the world span the entire range of products and solutions for today's retailers.
However, one trend clearly emerges: in the new age of scientific retailing, the store is still relevant.
Flipkart has partnered with Dell to ramp up its existing data centre and setup a disaster recovery mechanism. This initiative is a part of its expansion plan to include additional product categories on its website, the company said in a statement. With the help of this deployment, Flipkart can focus on core business without worrying about disruptions to critical processes, a company spokesperson said.
Vietnam's Consumer Confidence Index (CCI) in the fourth quarter touched a two-year high, fuelled by the optimism in the job market, Nielsen reported.
According to Nielsen, a global provider of market research, insights and data, the CCI in the fourth quarter (4Q )2013 was 98 points, one percentage point higher than 3Q and 10 percentage points higher than 4Q 2012.
Almost every toy at the American International Toy Fair is at least partly made in China, from mini luxury car models to Halloween glow sticks. Although many toy companies manufacture a few lines of products in the U.S., they still rely heavily on Chinese manufacturing for the majority of their products.
“The truth of the matter is there’s really no way to compete in a domestic environment with the kinds of products that we do,” said Gene Khasminsky, chief play officer for Worx Toys.
Following three months of increases, the value of electronic card spending in the retail industries in New Zealand decreased 0.5 percent in January, Statistics New Zealand reported.
"Spending was down in most retail industries this month, especially durables, which includes furniture, hardware, and appliances," industry and labor statistics manager Blair Cardno said.
Australian supermarket giant Coles's Managing Director Ian McLeod will be promoted to Group Commercial Director of its parent company Wesfarmers Group, effective from 1 July, according to Wesfarmers Managing Director Richard Goyder.
McLeod took over the helm at Cole in 2008. Under his leadership, the supermarket chain has "more than doubled earnings before interest and tax and generated significant shareholder value for the Wesfarmers Group", Goyder said in a statement.
Mall and banking conglomerate SM Investments Corp. (SMIC) has acquired a minority stake in CityMall, a community mall developer jointly owned by Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp. chairman Tony Tan Caktiong.
In a regulatory filing, SMIC said it signed an investment and shareholders deal to buy a 34-percent stake in CityMall Commercial Centers Inc.