Technology

Stores lure the internet generation in Thailand

Source: 
Bangkok Post

Hypermarkets, department stores, shopping centres and convenience stores in Thailand are all aggressively moving further into online services.

Their goal is to spur shopping from young consumers who have high spending power.

This month, Future Park Rangsit, Tesco Lotus, Central Group and Charoen Pokphand (CP) Group simultaneously launched online business strategies to boost their sales and attract the young generation to become their new customers. Moreover, their operation costs may fall and sales increase despite having no more retail space.
 

Is this the next big market for e-commerce?

Source: 
CNBC

China and India are currently the darlings of global e-commerce, boasting the world's fastest-growing markets, but a third Asian market could join their ranks in the coming years.

The six major economies of the Association of Southeast Asian Nations (ASEAN) – Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam – are benefiting from strong fundamentals that will soon bring them into focus internationally, industry experts say.

China's luxury big spenders: young, trendy and not so rich

Source: 
CNBC

Global luxury brands expanding in China are better off targeting the HENRYs – "high earners, not rich yet" – instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending.

ASOS gets its mojo back in Australia after cutting prices

Source: 
The Sydney Morning Herald Online

UK online retailer ASOS's decision to cut prices in Australia to reverse declining sales has paid off, but overseas retailers hoping to maintain their share of the local e-commerce market will have to make tough decisions on pricing as the Australian dollar reaches six-year lows.

Alibaba and JD Online take fresh approach to China food shopping

Source: 
CNBC

For China's 640 million internet users, a live Alaskan crab is now just a mouse-click away.

Alibaba and JD.com, the two biggest ecommerce operators in China, have long been best-known for selling apparel and electronics to the country's army of web-savvy shoppers. But online sales of fresh produce – from Mexican avocados to Scottish mackerel – sourced from around the globe are growing fast thanks to increasingly sophisticated supply chains, changing consumer habits, and worries over the safety of homegrown food.

Marks & Spencer unveils investment plans for Greater China

Marks & Spencer is set to enter key cities in China such as Beijing and Guangzhou in 2015 and 2015.

Specifically, it said it will continue to invest in its existing flagship store portfolio, with the complete modernisation of its flagship store on West Nanjing Road in Shanghai.

It said it will also invest in modernising its stores in Hong Kong and expand its Food store portfolio at convenient travel and city locations.

Chinese rivals snap at Alibaba's heels in cross-border e-commerce race

Source: 
CNBC

A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding and Amazon.com catering to shoppers' fears about the quality and safety of local everyday goods.

Encouraged by tax-relief programs and other policies that gained traction last year, logistics firms including SF Express and state-owned Sinotrans are seeking to grab a piece of the cross-border e-commerce market which the government estimates to be worth USD1 trillion by 2016.

Circle K opens 100th outlet in Vietnam, to add 50 more by year end

Source: 
Viet Nam News

US-owned 24-hour convenience store Circle K has opened its 100th outlet in Vietnam and expects to have 150 by the year's end.

Vietnam CEO Tony Yan was optimistic about achieving the target, saying Vietnam's modern retail industry was in the initial development phase.

While modern retail represented only 13 percent of the total market share in the country compared to 50 percent elsewhere in Asia, Vietnam was a promising market of 90 million people with rising incomes, he said.
 

China retailers play poker in empty malls as shoppers go online

Source: 
The Business Times

Property developer Dalian Wanda, owned by China's second richest man Wang Jianlin, plans to close 10 malls across the country and redesign another 25 to cut retail space, China Business News reported last month.
Zong Qinghou, China's fifth richest man with a beverage and chain-store conglomerate, said at a forum in August that online shopping businesses are "affecting China's economic security" by suffocating stores that have to pay rents.

Voylla.com to open 25 offline retail stores in offline expansion plan

Source: 
Business Standard

Voylla.com, a jewellery and accessories shopping website run by Bengaluru-based Voylla Retail Private Limited, is planning to set up exclusive offline stores to consolidate its presence in the Indian fashion imitation jewellery industry, said its founder and chief executive officer Vishwas Shringi.

The two-year-old company, which currently has three offline stores, including one in Bengaluru, is gearing up to launch 25 shop-in-shops across the country in tie-up with retail chains like Future Group's Central within the next one-and-a-half year.

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