David Jones has opened its first new store in its home city of Sydney in seven years and the first since its sale to South Africa's Woolworths Holdings
The opening comes amid a booming mall market, as look investors to gain a foothold in centres that have development opportunities. The boom has seen close to AUD1 billion (USD878.6 million) plunged into Australian shopping centres over the past month.
Starbucks opened this month its first community store in out Korea, as part of its global commitment to provide opportunities for young people. The store is located in Seoul's Daehakro neighborhood. It is Starbucks’ eighth community store globally and the second community store in Asia.
Italian luxury menswear house of Canali inaugurated last week its seventh mono-brand store in India, in the city of Kolkata. Situated within the Quest Mall. The evening event marking the Canali opening was hosted by Mr. Sanjiv Goenka – Chairman RP – Sanjiv Goenka Group and the owner of Quest Mall, and was attended by Stefano Canali (General Manager) and Paolo Canali (Group Commercial Director), third generation of the Canali family.
Woolworths is outperforming Coles, Dick Smith has an edge over JB Hi-Fi and Australian fashion brands are gaining ground on international competitors in the AUD15.6 billion (USD13.84b) online retail battle.
Traffic to Woolworths' online grocery site rose 250 percent in 2014 to about 34 million visits and has risen 130 percent in financial year 2015, according to analysis of website traffic by broker UBS and Hitwise. In comparison, traffic to Coles' online grocery store rose 240 percent to about 26 million visits in 2014 and has risen 80 percent so far this financial year.
China's e-commerce sector continues to evolve at a rapid pace.
As online shopping becomes more popular, Chinese consumers are increasingly viewing the internet as an opportunity for discounts. While this can be a boon for companies with a strong online presence, it means that luxury brands, whose products are often expensive, must alter their approach if they are to succeed in this type of market.
The suburbs in Sydney are the next destination for international retail brands, with Sweden's H&M, Japan's Uniqlo, Spain's Zara and the US Gap labels all moving into the newly redeveloped Macquarie Centre in North Ryde.
Once the AUD440 million refurbishment of the mall is completed, it will be home to the most large-format international high street fashion brands of any Australian shopping centre. A fifth brand, possibly Forever 21, is said to be announced in the coming weeks.
US retail chain Walmart will replace three of the wholesale stores set up by French group Carrefour in India with its own, sources said.
Carrefour had in July announced it was exiting the India market. It has only a small team left in the country, to conclude the commercial and regulatory transactions. All senior officials, including the then India managing director, Jean-Noel Bironneau, have returned to France.
With annual global revenue of EUR100 billion (USD129.42b),
Major online shopping mall operator Rakuten Inc. is finalising negotiations to acquire major US cashback shopping site operator Ebates Inc., informed sources said on Saturday.
Rakuten aims to expand its overseas operations, mainly in the United States, through the acquisition of Ebates, the sources said. The deal is estimated to exceed USD1 billion, the sources said.
Macy's has apparently set its sights on China in its ongoing efforts at international expansion.
Terry J. Lundgren, Macy's chairman and chief executive officer, has been eyeing China for a while, planning on either opening a Macy's department store or a series of specialty stores featuring popular in-house brands like Alfani, American Rag, Material Girl, Charter Club, and INC.
Sir Philip Green's Topshop and Miss Selfridge brands are to push into China with an agreement to launch on the ShangPin.com fashion retail website next month. Sir Philip has long held the ambition of taking Topshop into China and already has two stores in Hong Kong.
The retail billionaire said: "As we continue to grow our global expansion, this will be a step forward using the power of China's online reach and therefore selling into one of the world's most exciting consumer markets."