Technology

Australian brands fighting back in online retail battle

Source: 
The Sydney Morning Herald Online

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.

How to fulfill China's hunger for luxury discounts

Source: 
red luxury

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.

Big fashion names hit the suburbs in Sydney

Source: 
The Sydney Morning Herald Online

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.

Walmart to take over Carrefour stores in Delhi, Jaipur, Agra

Source: 
Business Standard

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),

Rakuten near to buying US cashback shopping site operator Ebates

Source: 
The Japan Times Online

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.

Is Macy's finally ready to take on China?

Source: 
red luxury

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.

Topshop and Miss Selfridge to push into China

Source: 
CNBC

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."

India's e-retailers gear up for turf war

Source: 
CNBC

When two young graduates of the Indian Institute of Technology-Delhi in 2007 launched Flipkart, an Amazon-inspired online book store, few Indians had ever bought anything other than airline tickets over the internet.

As a pioneer in the business, Flipkart had to wrestle with obstacles ranging from customers' reluctance to give credit card details online – or even a lack of credit cards at all – to suspicions that goods would never arrive.

Rise of fashion e-commerce in Indonesia

Source: 
Jakarta Globe

Taking note of sartorial leaders in the United States and Europe, the Indonesian fashion industry is starting to realise the opportunities of e-commerce in high-end design and ready-to-wear retail.

Though the new shopping territory is still largely uncharted in Indonesia, a few product pioneers are already testing out the internet market. Their customer base, however, is still several steps behind. Shopping online, from the comfort of home, is not yet seen as an upgrade – or even as an alternative – to shopping in a store.

Apple opens new store in China, more expected

Source: 
Shanghai Daily

Apple opened a new store in Chongqing Municipality in southwest China on Saturday, bringing the number of Apple stores in the Chinese mainland to 11.

Another Apple store is expected to be opened on 2 Aug. in Wuxi City in east China's Jiangsu Province, about a one-hour drive from Shanghai. Apple CEO Tim Cook said last year the company will open more than 25 stores in China in the future.

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