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.
Malaysia is eyeing a leadership position in the USD2.5 trillion Muslim consumer market with the launch of Zilzar.com, the world’s first global Muslim Lifestyle Marketplace platform.
At the 10th World Islamic Economic Forum (WIFE) in Dubai on Wednesday, Prime Minister of Malaysia Dato’ Sri Mohd Najib Tun Abdul Razak officiated the launch of Zilzar in collaboration with MasterCard.
Ron Johnson, who helped build Apple Inc.’s successful retail stores before a troubled stint as chief executive of J.C. Penney Co., is getting back in the game with a well-funded startup that aims to bring some of the Apple Store mystique to online shopping.The new company is called Enjoy, and Mr. Johnson says its goal is to change the way people buy and use the “things that matter” in a world in which consumers start their shopping online.
Majority of companies plan to increase their budget for festive spending and corporate gifting both for clients and employees by about 10-15 percent this Diwali, according to a just concluded survey conducted by The Associated Chambers of Commerce and Industry of India.
The survey found that most firms have plans to substitute traditional gift options with Diwali exclusive pre-paid cards, which seems to be emerging as the most preferred gifting solution for corporate sector.
Singapore’s health and beauty chain Guardian has launched a new portal that features live online chats, virtual healthcare consultations, curated content and door-to-door delivery services.
Designed as a convenient one-stop destination, the newly launched portal marks the first time that a retailer is offering virtual health consultations with a team of Singapore-based healthcare providers.
The pioneering service is in exclusive partnership with MyDoc, an online health consultation platform.