Labor

Global companies set sights on India's e-commerce market

Source: 
The Hindu Business Line

Indian e-commerce companies may run into more competition in the months ahead with global entities such as Alibaba, Rakuten and Walmart seriously eyeing the Indian market.

Founded by two ex-Amazon employees Sachin and Binny Bansal, Flipkart has been changing its formats and strategy over the last year with Amazon’s entry.

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.

Alibaba shows Facebook how to "lean in" with female leadership

Source: 
Jakarta Globe

As Silicon Valley companies struggle to hire women into their senior ranks, China's Alibaba Group Holding is setting an example of how to do it.

The Hangzhou-based e-commerce company, which plans to sell shares next month in what may be the largest initial public offering in US history, counts nine females among the 27 partners who control management, including Chief Financial Officer Maggie Wu and Chief People Officer Lucy Peng. That's triple the ratio of women in board seats and senior executive roles at the largest companies in California.

Asian labour activists team up to press wage claims

Source: 
CNBC

Labour leaders behind the biggest strikes in Cambodia's USD5 billion garment industry knew last year they had a strong case for higher wages: they had already compared notes with activists in neighbouring countries.

The result was a 25 percent increase in the minimum pay for an estimated 600,000 garment workers, to USD100 a month, the biggest jump in around 15 years. Now, they're asking for more.

Health costs, weak store traffic hinder Walmart

Source: 
The Wall Street Journal Online

The world's largest retailer is having a hard time returning to growth and doesn't expect sales to improve in the US for much of the rest of the year. Wal-Mart Stores Inc. cut its earnings guidance for the year after it posted its seventh straight quarterly decline in US store traffic and said growth in online sales would slow.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

Apple's Cook stresses need to make workforce more diverse

Source: 
CNBC

Apple Inc on Tuesday released a report on employee diversity, and its numbers are similar to those of other Silicon Valley companies, prompting Chief Executive Tim Cook to say there is still work to be done.

The employee survey comes on the heels of recent reports from technology companies Google Inc and Twitter Inc, but it is unique in one significant way. It alone is accompanied by letter from a company CEO, in which Cook stresses the company's commitment to being "innovative in advancing diversity."

Syndicate content