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.
As the year-end festive season approaches, Singaporeans are increasingly turning towards online shopping to procure gifts for their loved ones. According to a comScore study on emerging retail behavior, Singapore’s online shopping volume is forecasted to reach USD4.4 billion in 2015. In Asia Pacific, Singapore is also ranked #4 in Asia-Pacific for online shopping volume.
Esprit Holdings’ chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of Zara, his former employer. Jose Manuel Martinez Gutierrez, 44, has stacked his management suite with veterans of Zara owner Inditex, the world’s biggest retailer. Its model of rapidly changing fashion is among the best in the industry, analysts say.
The number of job vacancies in the city’s restaurants reached 2,596 jobs in the third quarter of this year, 369 more than a year earlier, official data show. About 10.6 percent of restaurant jobs were vacant, the Survey on Manpower Needs and Wages says.
Hotels and restaurants had a combined workforce of about 71,000 people in the third quarter, 4.1 percent more than a year earlier. Average monthly earnings in the hotel industry rose to MOP14,230 (USD1,779), 8.3 percent more than a year earlier.
HP MX10 Retail Solution enables retailers to easily transition between mobile and fixed point of sale with one integrated solution
HP recently unveiled the HP MX10 Retail Solution to help retailers easily transition between a mobile and fixed point of sale solution.
The HP MX10 combines the HP ElitePad Mobile POS Solution (MPOS) and the HP Retail Expansion Dock to give retail employees the advantage of being mobile but at the same time giving them access to a complete POS which includes receipt printing and access to a cash drawer.
Alibaba Group’s new mobile-messaging app, Laiwang, attracted more than 10 million users in the past month.
Alizila, the e-commerce news and corporate website of the Alibaba Group, reported that Alibaba Group Chief Executive Jonathan Lu attributed Laiwang’s growth to features such as sending a voice message that is subsequently deleted after the receiver has heard it and the ability to form chat groups of up to 500 people.