Research firm Gartner has identified three key enablers of demand-driven retail - the role of the supply chain, span of control and metrics maturity - following a survey conducted across six retail segments in Asia-Pacific, North America, and Western Europe.
Despite a poor economic forecast for the past year, global tourism defied the odds and remained resilient. According to UNWTO World Tourism Barometer, 2012 saw a record 1.035 billion international tourists, a growth of 4 percent from 2011. Asia-Pacific led the way with one of the highest growth figures of 7 percent for in-bound tourist figures.
The Supreme Court on Wednesday dismissed a writ petition challenging the notifications and regulations permitting foreign direct investment in multi-brand retail sector. The court reiterated that “in matters of policy, this court will not interfere unless it is unconstitutional, contrary to statutory provisions, arbitrary, irrational or abuse of power.”
As part of its efforts to recruit skilled workers and expand its global business by offering higher wages, the operator of the Uniqlo clothing chain will unify its payment system for its employees and executives worldwide, company officials said on Tuesday.
Employees of Fast Retailing Co. around the world in the same grade will receive equivalent pay, reflective of price levels in each country, to allow them to maintain a comparatively equal standard of living.
Snapdeal.com, one of India's fastest growing e-commerce sites, has caught the attention of eBay, which recently led a group that invested USD50 million in the 1,000-employee New Delhi company.
Out of the five highest paid people in Standard & Poor's 500 companies aren't chief executive officers. They're senior employees at Apple Inc, receiving compensation packages designed to keep management intact in an increasingly competitive industry.
The four executives are Bob Mansfield, Bruce Sewell, Jeffrey Williams and Peter Oppenheimer, according to fiscal 2012 compensation figures for top earners filed with the US Securities and Exchange Commission. About 80 percent of S&P 500 companies had submitted their numbers as of 12 April.
In the world of top end Australian department stores there are only two players - and mounting sniper raids on each other's big-name suppliers is considered a no-go zone. And with good reason. Neither wants to deal with the retaliatory battle breaking out.
Fashion brands do shift camps between the two big retailers, but only when contracts have expired.
Amway, the world's largest direct-selling consumer goods company, is planning to increase its presence in Indonesia by offering its business model to the country's 240 million population.
Doug DeVos, the president of Amway Corporation, said that the firm sees Indonesia not only as a sizable market for its products but also as an opportunity to tap into the talent pool in Southeast's Asia largest nation.
In Indonesia, Amway currently employs 250 people and boasts more than 330,000 active distributors, who are not employees, across the country.
Vodafone India launched its first store run entirely by women employees in Hyderabad on Tuesday.
This is the 13th such store of the company in India, operating under the brand name "Vodafone Angel Store".
The cost of retail insurance is on the rise. This rise is due to the increasing number of people making insurance claims annually, particularly in Asia. The number of claims has increased in line with an increased desire to seek legal action against any problems that people endure, including those experienced in, or as a result of retail outlets. In particular, claims of the personal injury and the public and employer liability variety have become more common.