When Gap decided to open its first Old Navy store in China, it chose the historic crossroad at the famous Nanjing East Road in the Jing’an District.
Jeff Kirwan, President, Greater China, told the audience in a recent investor conference that the store's three-story signage weighs three tons, and when it turns blue even the color of the Jing'an temple across the street changes.
China is set to surpass the United States to become Volvo Car Group's biggest market in 2014 with sales of at least 80,000 cars in the world's largest auto market. Its car sales target for 2014 is around a third higher than the 61,146 cars sold in 2013, while sales in the US in 2014 are expected to increase only in line with the broader market, it said in a statement on Sunday.
Levi Strauss & Co. (LS&Co.) has appointed Marc Rosen as executive vice president and president of global e-commerce.
Formerly the senior vice president of global e-commerce at Wal-Mart Stores Inc., Rosen brings more than 20 years of retail and e-commerce leadership to the role.
The provisional Consumer Price Index (CPI) for the month of March 2014 shows that retail inflation level remained high in both urban and rural areas despite moderation in wholesale prices, which reflects the adverse impact of having an inefficient distribution system, the Associated Chambers of Commerce of India (ASSOCHAM) said on Wednesday.
The Australian National Retailers’ Association (ANRA) welcomed the recommendation of the Economic Regulation Authority’s draft report to fully deregulate trading hours in Western Australia.
“Today’s recommendations are clearly sensible and show an understanding of the value of retail to the economy and its capacity to create jobs," said ANRA CEO Margy Osmond. “There’s no doubt flexible trading hours benefit employees, consumers and the economy. Technology and the changing demands of shoppers means consumers want more choice."
Real estate services JLL partnered with Worldwide Executive Centre (WEC) in developing a privilege shopping service for occupants of properties managed by the company in Hong Kong.
The new members club, Celebrate Club, is designed to cater to the lifestyle of occupants. It provides them with exclusive offers and privileged access to premium shopping experiences and personalised services offered by participating partners and brands.
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.