Global companies set sights on India's e-commerce market

The Hindu Business Line

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.

Dick Smith's IPO to open opportunities for investors in Australian electronics business

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).

Uniqlo finds wealth of data in Bangladesh not-for-profit venture

The Wall Street Journal Online

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 to cut 1,500 jobs, leave 2 Asia markets

The Jakarta Post

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.

Starbucks to roll out 800 new stores, add over 18000 employees in China for next 3 years

The Wall Street Journal Online

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.

Global Retail Theft Barometer Study finds shrinkage in Japan is the 2nd-highest in the world

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. 

Chinese online retailer eyes booming Latin American market

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.

Expert Opinion: Make this holiday season brighter with analytics

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.

Steak chain ordered to pay damages for employee’s suicide

The Japan Times Online

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.

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