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.
Starbucks CEO Howard Schultz: retail employees have some of the worst pay and benefits of any industry
Despite criticism of the coffee giant over tax and fairtrade coffee, Schultz has used his platform to call for social and political change in the US, including working to honour veterans
Why are there arent more Paul Polmans?
Joel Makower, the writer and founder of GreenBiz Group, put that question to Unilever CEO Paul Polman at last weeks Net Impact conference in Minneapolis, Minnesota.
Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to replicate to expand business in geographic
Chinese online retail is headed in the booming Latin American market, specifically Brazil, Mexico and Colombia, which has a combined online population of over 190 million users.
Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to make their mark in geographic areas not yet saturated like North America and Western Europe. There are, however, challenges ahead.
Omni-channel retailing is set to become the central force shaping the future of e-commerce all over the world. Now, consumers can purchase virtually anything they want anytime from anywhere – from the Internet to social media to mobile devices to good old brick and mortar stores. As a result of today’s multichannel approach to retail, chain stores now have access to a massive collection of customer data that hasn’t existed until recently.
The Tokyo District Court on Tuesday ordered a steak restaurant chain and two company personnel to pay JPY57.9 million (USD505,871.56) in damages to the parents of an employee who killed himself due to overwork and harassment.