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.
India's domestic market is growing at 30 percent per annum and likely to touch 28 million litres (ML) by 2015 from current estimated level of 21 million litres (ML) in major cities like Delhi, Mumbai, Goa, Bangalore, Punjab and Pune producing a good deal of wine consumers.
Retail jobs growth in Australia will speed up despite the increasing popularity of online sales, according to a new report by the Australian Workforce and Productivity Agency.
The agency predicts retail employment will grow by almost 9 percent, or 110,000 new jobs nationwide, by 2019, compared with a total growth of just 1 percent over the past five years, as the sector adjusts to and profits from new technology.
Starbucks Coffee Japan Ltd plans to make all its 800 contract employees permanent workers on April 1 as part of efforts to improve the quality of its services, company officials said on Thursday.
The salaries of the contract workers are expected to increase after their promotion as they will get seasonal bonuses, the officials said.
China’s largest e-commerce company Alibaba may soon acquire Japanese online messaging service provider Line Corp as it seeks to cement its market position and compete with rival Tencent’s popular WeChat application.
As expected, the National Retail Federation's (NRF) big show in New York City last month was an impressive showcase of innovation for the retail sector. With 27,000 attendees, 200,000 feet of expo space and more than 550 booths, the vast spread of technology offerings from all over the world span the entire range of products and solutions for today's retailers.
However, one trend clearly emerges: in the new age of scientific retailing, the store is still relevant.