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.

Chinese online retailer eyes booming Latin American market

Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to replicate to expand business in geographic

Chinese online retail is headed in the booming Latin American market, specifically Brazil, Mexico and Colombia, which has a combined online population of over 190 million users.

Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to make their mark in geographic areas not yet saturated like North America and Western Europe. There are, however, challenges ahead.

Starbucks CEO Howard Schultz: retail employees have some of the worst pay and benefits of any industry

Source: 
Guardian

Despite criticism of the coffee giant over tax and fairtrade coffee, Schultz has used his platform to call for social and political change in the US, including working to honour veterans

Why are there arent more Paul Polmans?

Joel Makower, the writer and founder of GreenBiz Group, put that question to Unilever CEO Paul Polman at last weeks Net Impact conference in Minneapolis, Minnesota. 

Steak chain ordered to pay damages for employee’s suicide

Source: 
The Japan Times Online

The Tokyo District Court on Tuesday ordered a steak restaurant chain and two company personnel to pay JPY57.9 million (USD505,871.56) in damages to the parents of an employee who killed himself due to overwork and harassment.

Leveraging Physical Security Information Management: PSIM for greater retail success

Nowadays, we operate in a global economy where businesses and consumers know no boundaries.

Power Mac Center partners with university for Apple offerings

The Power Mac Center, an Apple's Authorized Education Reseller is collaborating with De La Salle University (DLSU) through opportunities that deliver a complete Apple experience to a wider audience.

With a store inside the DLSU campus, it gives convenient access to Apple technology and promotes a technology-empowered education system.

Power Mac Center Marketing Director Joey Alvarez said it is keen on helping educational institutions such as De La Salle University build their capabilities in this era of technology.

Alibaba reports strong growth after US IPO

In its first earnings report after its initial public offering (IPO) in the US, Alibaba reported strong revenue growth of 54 percent year on year for the third quarter that ended September 2014.

Jonathan Lu, Chief Executive Officer of Alibaba Group, said gross merchandize volume (GMV) for its China retail marketplaces increased 49 percent and annual active buyers increased 52 percent year on year.

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