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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).

Uniqlo finds wealth of data in Bangladesh not-for-profit venture

Source: 
The Wall Street Journal Online

In Bangladesh's villages and on its street corners, Japanese fashion giant Uniqlo is quietly gathering market data to help it in its ambition of becoming the world's top clothing brand in seven years.

Like other global brands, Uniqlo set up shop in Bangladesh's cities to tap into their cheap labour and make casual fashion wear affordable and profitable. But it has also gone into the country's impoverished villages and neighbourhoods looking for a way to give something back to a country that many said was being exploited by the garment industry.

Avon to cut 1,500 jobs, leave 2 Asia markets

Source: 
The Jakarta Post

Avon Products says it will cut about 1,500 jobs and exit two Asian markets – South Korea and Vietnam – as the struggling beauty products seller takes initial steps toward its cost-cutting goal.

The job cuts amount to almost 4 percent of its workforce and mark one of the first major moves by CEO Sheri McCoy, who was brought on in April to replace longtime CEO Andrea Jung.

Starbucks to roll out 800 new stores, add over 18000 employees in China for next 3 years

Source: 
The Wall Street Journal Online

After nearly 14 years of working to persuade China to buy into its foreign coffee culture, Starbucks Corp. is aiming to become more Chinese as it plans a rapid expansion in the country.

Belinda Wong, president of Starbucks China, said in an interview that Starbucks aims to roll out 800 new stores in the next three years to add to its existing fleet of 700. Over that period it will increase the number of employees to more than 30,000 from the current 12,000.

Global Retail Theft Barometer Study finds shrinkage in Japan is the 2nd-highest in the world

According to the fifth annual edition of the Global Retail Theft Barometer, retail shrinkage rate in Japan is 1.04 percent of sales, the third-lowest in the world. However, this rate was up 4 percent compared to the previous year. The total shrinkage amount – profit loss due to customer and employee theft, supplier/vendor fraud and administrative errors – in Japan reached JPY774  billion (USD9.96b), the second-highest worldwide, representing almost 53 percent of the total sum in the Asia-Pacific.

Strike spreads at Chinese supplier to Adidas and Nike

Source: 
The Guardian

A strike at a Chinese factory that manufactures shoes for Adidas and Nike has spread to a sister factory in a neighbouring province, as thousands of workers gathered to protest against what they said were unfair pay and benefits.

About 2,000 workers clocked in on Monday, but did not work, at the Yue Yuen factory complex in Jiangxi province, southern China, joining at least 10,000 employees at another Yue Yuen factory complex in Dongguan, Guangdong province, who have been on strike since 14 April. 

Taking Stock: New ways to woo the retail customer

The overlapping characteristics of the retail customer across industries are obvious. This is the age of the mobile first generation, the omni-channel shopper, and the tech savvy, empowered consumer.

Banking and healthcare customers have a lot of things in common with the retail customer - they want convenience, they want choice, they want good experiences - that industry leaders are continually exploring ways to get a bigger share of wallet from their customers.

Yelp accelerates databases to deliver reviews on short order

Yelp, the company that connects customers with local businesses, is accelerating its databases to ensure that users can search and find local restaurants, boutiques and other businesses in an instant.

Yelp has more than 53 million reviews posted about businesses in 24 countries in North America, Europe, South America and Asia-Pacific. In addition to reviews, the company also provides services such as in-app ordering, localized event calendars, lists and messaging services.

Study: Lack of luxury spaces restricts India's retail industry

The lack of dedicated luxury retail spaces, the high street and super premium malls is restricting the presence of luxury brands in India, a new study reveals.

The study entitled, ‘Challenges highlighted by luxury retailers in India,’ was jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and KPMG.

Workers strike at China footwear plant over welfare payments

Workers at a major shoe maker in southern China have walked off the job in a dispute over social-insurance payments, disrupting production and highlighting the increasingly testy labor relations in the world's No. 2 economy.

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