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.
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).
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 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.
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.
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.
December can be an unusual month for businesses. Many departments’ focus has shifted to the coming year, budgets are being finalised, sales are closing deals rather than seeking out new opportunities and there can be an air of winding-down as Christmas approaches.
But one department that certainly won’t be easing off is HR. There is no let-up in demand for managers’ time and skills. So, with seasonal headaches vying with festive calamities for attention, what should the prudent HR manager get ready for this Christmas?
The Supreme Court has rejected a lawsuit filed by Uniqlo demanding damages over a book that describes overwork situations faced by its managers.
The top court's Third Petty Bench made a decision, dated Tuesday, not to accept the plaintiff's appeal against lower court rulings that deemed core parts of the book to be true.
According to the lower court rulings, the book, published in 2011 by Bungeishunju Ltd., claims that a Uniqlo store manager worked more than 300 hours per month, including unpaid overtime, and that the employer ignored the situation.
Online retailer eBay Inc is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported, citing people familiar with the company's thinking.
Ebay is considering eliminating almost 10 percent of its workforce, or about 3,000 employees, the WSJ cited one source as saying.
The cuts are expected to be localized in the company's marketplace division, the report said.
The Philippines’ number one fast food and one of Asia’s largest restaurant chains is embarking on a new journey.
On it’s 35th anniversary last year, it has 833 stores in its network. What started as a humble ice cream parlor purely selling ice cream products in 1975 has grown to become one of the largest in Asia.
It opened its 100th store in 1991, 200th in 1996, 300th in 1998, 400th in 2001, 500th in 2004, and 600th in 2007th, 700th in 2010, 800th in 2013.