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.
Reporting record revenue and profit for its FY2012, Starbucks Coffee Japan commemorates nearly 17 years in market and approaching 1,000 stores
Continued strong growth momentum in Japan focuses on state-of-the-art store design, investment in partners (employees) and product and digital innovations
Starbucks Coffee Company reaffirmed its confidence in Japan recently with the visit of Starbucks chairman, president and CEO Howard Schultz and plans to open its 1,000th store this summer.
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.