David Jones' major shareholders say Woolworths' USD2.15 billion takeover offer looks attractive but they are waiting to see if higher bids emerge now that the board has revealed its asking price.
The recently concluded World Retail Congress Asia-Pacific held in Singapore recently provided a snapshot of the retail industry's current landscape and what's new in the horizon. Retailers agree: mobile commerce and social media are the most exciting development in the e-commerce space in the Asia-Pacific region.
Retail spending using electronic cards was flat in March 2014, Statistics New Zealand said in a recent report.
When adjusted for seasonal effects, total retail spending was unchanged this month, following a 0.8 percent increase in February 2014.
"Spending rose in three retail industries during March and fell in three," business indicators manager Neil Kelly said. "Fuel had a large fall for the second consecutive month, while consumables had the largest increase."
The importance of a department store as an anchor tenant in a shopping centre is diminishing to the extent that malls being built or redeveloped now devote more space to food than Myer or David Jones.
Westfield managers told the company's investor day last week that the plans for the new Miranda redevelopment in Sydney show a continued shift in Westfield's design towards fresh food, with a market-style area for produce, as well as catered food.
Retailers including Marks & Spencer, John Lewis and Primark have signed up to a new programme that aims to tackle the unpredictable licensing cost of using standard wash care labels worldwide.
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In the latest survey shrink remains a significant operational challenge for retailers around the world, with loss rates ranging from 1 percent of sales in Japan to 1.6 percent in Mexico and Brazil.
The Indian Bharatiya Janata Party manifesto decision to oppose foreign direct investment in supermarkets has made the sector more wary. The United Progressive Alliance's policy to allow 51 percent FDI in multi-brand retail in September 2012 could be reversed if the BJP comes to power at the Centre.
International supermarket chains like Walmart and Carrefour had already stopped hiring for their Indian businesses and were just about spending on renovation and repair to keep existing facilities in shape, sources said.
Traditional bricks and mortar retailers are facing significant challenges because of the wave of digital disruption sweeping the industry. Shopping and spending is shifting online as technology progresses and consumers become more digitally savvy.
Mobikon Asia launched a new customer engagement platform for the food and beverage industry at the ongoing Food and Hotel Asia Exhibition in Singapore.
The platform, called mEngage, integrates existing systems and apps to create a single view of customer data and analytics to derive key insights. Ideal for restaurants, cafes and eateries, the platform can also integrate POS systems, third party apps and social networks to be viewed as a single mEngage dashboard.
Spending on mobile phones was not dampened by the political turmoil and economic slowdown in Taiwan.
Research firm IDC's Asia-Pacific Quarterly Mobile Phone Tracker showed that Thailand mobile phone market topped 6.3 million units in the fourth quarter of 2013, a 4 percent growth from the same quarter last year.
The growth was said to be driven by a 63.6 percent increase in the number of smartphones shipped.