Technology

M&S goes online via e-tailers in India, to double store count in 2 years

Source: 
Business Standard

British fashion and lifestyle brand Marks & Spencer (M&S) on Thursday signed an exclusive deal with online e-commerce giant Flipkart to sell its products on the Sachin Bansal-led company's platform and its sister firm, Myntra.

Garment producers in Vietnam distribute through supermarkets to improve brand recognition and sales

Source: 
Viet Nam News

Garment producers in Vietnam now have a new strategy to improve both brand recognition and sales – selling through supermarkets.

Tran Thi Thuy Trang, director of Dan Chau Fashion Co said though her company has 20 stores, its products are present in almost all supermarkets in the south. Thuy Nga, head of business development at Sanding Co said her company's sales of school uniforms through the Co.opMart supermarket chain increased by 10 percent a year.

S Korea's online shopping hits record high after MERS outbreak

Source: 
Shanghai Daily

Online shopping in South Korea hit the record high as consumers refrained from going outside for shopping after the Middle East Respiratory Syndrome (MERS) outbreak, a government report showed on Wednesday.

Shopping in cyberspace came in at KRW4.78 trillion (USD4.05 billion) in July, up 21.2 percent from a year ago, according to Statistics Korea. It accounted for 15.8 percent of total retail sales, marking the highest since the statistical agency began compiling the data in 2000.

Online to offline seen as a marriage of convenience

Source: 
Shanghai Daily

Connecting online to offline is the new Holy Grail for the biggest players in China's internet shopping explosion, whether they be domestic or overseas operators. E-commerce companies in China are queueing up to find stores to align themselves with.

In its quest for existing networks of physical stores, JD.com announced it had taken a 10 percent stake in domestic supermarket chain Yonghui Superstores for CNY4.31 billion (USD673.8 million).

Dick Smith targets small appliances as consumers get connected

Source: 
The Sydney Morning Herald Online

Dick Smith is aiming to snare more than 10 percent of the AUD1.7 billion small appliances market ahead of a wave of new products that consumers will control through their mobile phones and computers.

The retailer, better known for electronics than vacuum cleaners and kettles, has taken a leaf out of the book of rival electronics chain JB Hi-Fi and plans to establish small appliance shop-in-shops under the ConnectedHome brand in about 100 Dick Smith stores over the next five months.

Online retailer MatahariMall sets 20pc market share target

Source: 
Jakarta Globe

Lippo Group's new e-commerce unit MatahariMall is embarking on an ambitious expansion plan, aiming for a 20 percent market share of Indonesia's web-based retail sector by 2020, its chairman said on Wednesday.

MatahariMall.com chairman Emirsyah Satar said the potential of the e-retailer, which is slated for an official launching in September, is similar to Chinese e-commerce giant Alibaba's in light of Indonesia's huge untapped e-commerce market.

In rural China, shoppers go online – with a little help

Source: 
CNBC

E-commerce growth in China's countryside now outpaces that in major cities, though less than one tenth of online purchases made on Alibaba platforms were shipped to rural areas in the first quarter of this year. Alibaba estimates the potential market at CNY460 billion (USD74 billion) by next year.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

Source: 
CNBC

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the US retail giant said on Thursday.

The investment will help Wal-Mart target China's fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world's second-largest economy.

Alibaba seeks Thai expansion

Source: 
Bangkok Post

Alibaba.com, the world's largest online business-to-business (B2B) marketplace, is planning a major expansion to increase its footprint in Thailand this year.

The move is part of the Chinese e-commerce giant's strategy to expand its presence abroad. The expansion will be in the form of partnerships with local e-marketing companies.

Bunnings shifts focus as it upsizes store network

Source: 
The Sydney Morning Herald Online

Bunnings' focus has shifted from freehold development back to leasehold, a move that allows it to take advantage of tighter yields for commercial assets while it ramps up its national conversion of small-format stores.

The Wesfarmers-owned hardware giant has spent AUD600 million to AUD700 million on its development pipeline this financial year, slightly less than the previous year, Bunnings property development manager Andrew Marks told Fairfax Media.

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