Law

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

Source: 
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).

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

Source: 
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.

Apple's ex-retail chief readies service for web shoppers

Source: 
The Wall Street Journal Online

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. 

Pre-paid cards, gadgets most preferred corporate gifts in India

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.

Jobs galore in India's e-commerce space

Source: 
Business Standard

It's raining jobs in the e-commerce space as this segment could grow at 20-25 percent over the next 2-3 years in terms of jobs, salaries and growth, which in turn could create at least 1,50,000 jobs. The current estimated size of the industry is about Rs 18,000 crore (USD2.9 billion) and is expected to reach Rs 50,000 crore (USD8.1 billion) by 2016 and as the industry grows, the demand for talent would grow proportionally.

Tesco must change culture and reinvent brand, new boss tells employees

Source: 
Guardian

Tesco needs to change its culture and reinvent its brand, the companys new chief executive, Dave Lewis, has told employees after a torrid week for the supermarket chain.

Carlsbeg goes 'GloCal' with Office 365

The Carlsberg Group has introduced a vision for business it calls “GloCal,” which aims for global efficiency while staying true to its local roots and technology is playing a big role in enabling this vision.

The company said it is deploying Microsoft Office 365 to implement a complete productivity and collaboration solution that employees can use to connect with each other.

Tesco cuts profit outlook and suspends staff after USD409.6m accounting error

Source: 
The Sydney Morning Herald Online

Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its accounts, the latest blow of several to the reputation of UK's biggest grocer.

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