Statistics New Zealand reported flat retail spending in the September quarter, with volume of retail trade sales increasing only 0.3 percent.
The slow growth followed a relatively large increase In the June quarter of 1.5 percent.
“We are seeing mixed results this quarter, with the continued lift from the motor-vehicle industry keeping sales positive, despite eight of the 15 industries falling in September,” industry and labour statistics manager Blair Cardno said.
China’s premium baiju (white spirits) maker Moutai is looking to make its brand famous beyond the borders of China. As part of its expansion strategy to solidify its European business, Moutai said it will invest EUR8.79 million euros (USD11.76 million) to buy real estate in Paris, reports Global Times.
Shrink, which include shoplifting, employee or supplier fraud, organized retail crime and administrative errors, is on the rise globally and had cost the retail industry more than USD112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer.
Total losses represent around 1.4 percent of retail sales on average, the report said.
Undertaken by Euromonitor International, through an independent grant from Checkpoint Systems Inc., the study was based on in-depth phone and written survey interviews in 16 countries.
Groupon is acquiring Ticket Monster, a leading Korean e-commerce company owned by LivingSocial Inc., for USD260 million in cash and stock. The deal is expected to close in the first half of 2014.
"Ticket Monster is a perfect fit for Groupon as we continue to transition our business globally from a flash sale email model to a mobile commerce marketplace," said Groupon CEO Eric Lefkofsky.
Carlsberg A/S's pursuit of faster growth in Asia may make takeover targets out of Tsingtao Brewery Co and Beijing Yanjing Brewery Co. The Danish brewer's controlling shareholder signaled last month that it will give Carlsberg more leeway to pursue deals. The USD15 billion company is eyeing about a half-dozen potential candidates, especially in Asia, including Tsingtao and Yanjing, for a possible purchase, said a person with knowledge of the matter, who declined to be identified as the discussions are private.
Electronic card spending in the core retail industries rose 1.8 percent in October 2013, after removing seasonal fluctuations, Statistics New Zealand said in a report released on Monday.
The increase followed a decrease of 1.0 percent in September 2013.
"October's increase in core retail spending was the largest since records began in October 2002," industry and labour statistics manager Blair Cardno said in a news release. "Durables accounted for most of the extra spending, although shoppers did spend more in all six of the retail industries."
Social media and digital are playing an increasingly important role in marketing food and beverage brands in India, a leading industry figure has said. Nadia Chauhan, joint managing director and chief marketing officer at Parle Agro, told Campaign India that the company's beverage brands had been "quite aggressive on the digital front" and, within that, their maximum focus had been on social networking sites.
Global built asset consultancy EC Harris has appointed Lachlan Gyde as its new head of Retail Asset Performance in Southeast Asia.
Tsit Wing International Holdings Limited (TWG), a food and beverages supplier supplier in Hong Kong, has deployed real-time data analytics to improve decision-making to support rapid expansion.
Employees in Hong Kong can expect to see their salaries increase by an average of 4.5 percent in 2014, according to the latest Salary Trends survey by ECA International.
The figure is the same as the uplift local employees received this year, but with inflation of 3.5 percent forecast for next year, the projected salary increase amounts to just 1 percent in real terms.