Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling.
The online grocers benefit from low overheads, as they store goods in warehouses outside big cities where commercial rents are sky-high. Some like Bigbasket.com can also charge more for certain items than traditional supermarkets, which means even more profits in a country where all food retailers enjoy margins as high as 20 percent on rice and other staples.
Miu Miu continues its expansion in mainland China with two new stores located within Shin Kong Place, the most busy and prestigious shopping destination in the city.
Both stores have been designed by the architect Roberto Baciocchi and are located on the fourth floor of the mall. The first, dedicated to ready-to-wear, covers an area of 180 square metres and the second, home to footwear, extends a little over 100 square metres.
Arvind Ltd, is looking to expand the presence of its ‘The Arvind Store’ to 165, from the existing 142, by the end of this fiscal. The Arvind Store offers mid to premium range shirting and suiting fabrics apart from three of its fast-moving brands — Arrow, US Polo Association and Flying Machine.
Expansion, mostly through the franchise model, will have specific focus on Tier-II, III, IV, V cities and towns.
Dick Smith chief executive Nick Abboud is considering taking his female-friendly Move stores offshore as the retailer eyes growth opportunities beyond its traditional consumer electronics base in Australia.
Launched by Mr Abboud in October last year, weeks before Dick Smith's AUD520 million (USD456.7m) float, Move is now the fastest-growing and most productive part of the retailer's business and is gaining global recognition after being nominated for three retail innovation awards.
Pro-democracy protests put a huge dent on Hong Kong's lucrative luxury space, but US fashion designer Tory Burch remains optimistic and plans to expand in the ex-British colony.
The accessible luxury brand known for its eclectic designs currently has five retail stores in Hong Kong, which saw its largest street demonstrations in September since returning to Chinese rule in 1997. Protesters, mainly students, are against Beijing's decision to screen all nominees running for the city's chief executive role in 2017.
Alibaba Group’s Single’s Day sale (also known as 11.11 online shopping festival) set record breaking sales of USD9.3 billion, up from last year’s USD5.8 billion finish.
“On behalf of our entire ecosystem — from millions of buyers and merchants both here and abroad — we are very happy with the results of this year’s 11.11 shopping festival,” said Jonathan Lu, CEO of Alibaba Group.
“Alibaba is humbled to play a role in making it easy for people to do business anywhere," he added.
Index Living Mall and SB Furniture Group will continue their store expansions in Thailand next year even though consumer purchasing power has not recovered as expected.
Index plans to spend about THB1.6 billion (USD48.7 million) to open four new stores, while SB Furniture will allocate 300-400 million baht for five or six small and large outlets.
Corneliani continues to expand in China by opening two single-brand stores in Xian and Tianjin.
The company said in its website that the new store in Xian, launched in September, is a 200-square metro boutique located at the Modern Capital PCD Stores.
Another boutique store was inaugurated in October at the Tianjin Youji store in Tianjin.
The design concept was created by Poddaponti Archetetti in association with Group Creative Director Sergion Corneliani.
The Mall Group, Thailand's second largest department store chain, plans to add more imported fashion brands to make its stores different from those of competitors in a tough market.
Prissa Eiammanoch, director for business development, said the rise of social media had made Thai women more fashion-conscious, wanting to look good on their Facebook, Instagram and other channels.
Dick Smith wants 450 stores across Australia and New Zealand by 2017 and a greater online presence.
Dick Smith plans to open 20 new shops each year and for its online business to generate 10 percent of its sales.
It also wants its private label to supply 15 percent of its sales by the 2017 financial year, company chairman Phil Cave told shareholders at its annual general meeting on Wednesday.