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).
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.
Starbucks Coffee Japan Ltd plans to make all its 800 contract employees permanent workers on April 1 as part of efforts to improve the quality of its services, company officials said on Thursday.
The salaries of the contract workers are expected to increase after their promotion as they will get seasonal bonuses, the officials said.
As expected, the National Retail Federation's (NRF) big show in New York City last month was an impressive showcase of innovation for the retail sector. With 27,000 attendees, 200,000 feet of expo space and more than 550 booths, the vast spread of technology offerings from all over the world span the entire range of products and solutions for today's retailers.
However, one trend clearly emerges: in the new age of scientific retailing, the store is still relevant.
Chunghwa Telecom has joined forces with Itochu Corporation and Benefit One Asia from Japan to form an e-commerce platform named GoodsCome, which will be launched in July to become the largest corporate employee online shopping network.
Is the language of leadership universal? It's a question many Western executives might be asking as they forge their way in the Chinese business world.
The answer is a bit more complex than a simple yes or no. There are the cultural nuances and ways of doing business that any good leader will study up on before launching into a new territory. But in China, there are also more complex concepts such as "face" and "guanxi" which can override more traditional leadership markers such as strategic-thinking and creativity.
Top western brands seek meeting with Hun Sen over police firing on workers striking over low wages, killing three
Dozens of the world's biggest clothing brands, including Adidas, Nike, H&M, Primark, Marks & Spencer, Tesco and Walmaart, have demanded Cambodia's prime minister explain the use of "deadly force" against striking factory workers.
The Australian government is seeking ways to improve worker-employer relations in the services sector.
Assistant Minister for Employment Luke Hartsuyker met with the Australian Retailers Association (ARA) in Melbourne to ensure that Job Services Australia (JSA) is more efficient and effective.
“This government is committed to targeting employment programmes appropriately at job seekers and employers,” Hartsuyker said.
The meeting with ARA executives was meant to listen to their ideas on how to remove barriers to employment participation.
Twenty-first-century innovation is taking place at the intersection of the digital and physical worlds, where the use of Big Data and analytics has radically changed the business landscape. Retailers are now expected to connect to customers not just in stores but via the web, on mobile devices and even over social media networks. They use data analytics to better understand their customers through these interactions, and they adopt the newest technologies to best serve them.