China has fined five domestic jewellers CNY10.1 million (USD1.7m) for fixing their prices, state media said on Monday, the second time in less than a week that authorities penalised firms found to be anti-competitive.
China News Agency said the country's top economic planner, the National Development and Reform Commission, fined the five Shanghai-based firms after investigations showed they had fixed the prices of gold and platinum jewellery.
More convenience stores are expected to open in the country to take advantage of strong consumer spending, a top executive of a property consultancy firm said over the weekend.
Colliers International research manager Karlo Pobre told reporters that even if there are many convenience stores in the country’s major business districts and information technology centers, more are still expected to open to serve middle class employees, particularly those in the business process outsourcing (BPO) sector.
Research is extremely important for retailers as they embark on the journey of assessing which solution or solutions to employ. In today’s technological age, there are countless e-commerce solutions on the Internet catering to many different needs. One danger is that many of these more ad-hoc, home-grown widgets may look appealing, yet in reality will only help retailers with simple tasks such as listing products on marketplaces, and sending simple data feeds to search engines.
The changing face of India's retail has seen changes in the way HR departments function. Initially HR was seen as a support function whose major focus was hiring and managing the exit of an employee. HR's key performance indicators were based purely on hiring numbers. Now, with the changing business environment and more exposure to HR functions via education, HR's role has evolved to that of a business partner.
Beauty company L’Oréal India has appointed Jean-Christophe Letellier as its new Managing Director. Letellier will succeed Pierre-Yves Arzel, who has been elevated to head the South Asia Pacific region. Letellier, a long-time employee of the Paris-based company, was heading the consumer products division of the Indian operations since last 18 months. He has handled several important roles as Marketing Director of Garnier and Maybelline in Europe.
Electronic Article Surveillance (EAS) has long been recognized as an effective deterrent against shop theft. This Acousto-Magnetic (AM) based technology has been essential in supporting retailers’ loss prevention and security strategies and till today remains an integral part of most stores.
It was the ultimate case of David and Goliath – the small Australian town that took on McDonald's over the building of a fast-food restaurant. But a two-week vigil and rooftop sit-in at the site where the outlet is due to be built ended on Thursday after eight protesters were served with writs and told to end their protest.
Despite the suspension of its Chengdu operations, Taiwan's Pacific SOGO Department Stores Co. on Wednesday said authorities have intervened in an owner-tenant dispute and its China investment plans won't falter. Employees of the Pacific SOGO Chengdu department store were unilaterally locked out in the early hours last Monday by the landlord and joint venture partner, the Chengshang Group Co., according to The Pacific China Holdings, a subsidiary of Taiwan's Far Eastern Group and the parent company of Pacific SOGO Chengdu.
Kmart Australia has promised to reveal the locations of all factories that make its clothes.
It is the first Australian retailer to pledge complete transparency in an industry that tends not to disclose supply networks.
The global garment trade has come under intense scrutiny following the collapse in April of Rana Plaza, a nine-storey, illegally-built garment sweatshop in Dhaka, Bangladesh that was making clothes for the US and Europe. More than 1100 people died in the collapse, with some 2500 injured.
The 45-day period set by the coalition of trade unions - IndustriALL Global Union, UNI Global Union - and about 70 brands and retailers that signed up for participation in the historic Accord on Fire and Building Safety in Bangladesh is over and the agreements would be implemented soon.
The five-year binding accord will cover all factories producing for the signatory brands, opening them all up for safety inspections and further measures depending on the factory’s significance to the brand.