Person Career

Dick Smith plans expansion in Australia and New Zealand

The Sydney Morning Herald Online

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.

In e-commerce world, let the consumer be king

Business Standard

Just when shopping was getting interesting, the Indian government is getting ready to play spoilsport. A day after Flipkart experienced outrage over failed transactions on its Big Billion Day sale, reports said that the poster boy of Indian e-commerce is likely to face government scrutiny on complaints of predatory pricing.

Costco's Australian expansion hits existing stores

The Sydney Morning Herald Online

Costco Wholesale is pressing ahead with its Australian expansion plans even though new stores are starting to cannibalise sales at existing stores.

Costco chief financial officer Richard Galanti has told investors in the US that sales growth in Australia in the three months ending August was weaker than that across its international store portfolio because new stores were taking sales from established stores.

Aldi unveils USD614.5m assault on Western Australia and South Australia

The Sydney Morning Herald Online

Retailer Aldi has outlined plans to invest another AUD700 million (USD614.5m) building two distribution centres and as many as 130 stores in Western Australia and South Australia, but managing director Tom Daunt has hosed down fears of a Britain-style price war in the AUD85 billion grocery market.

Daunt said Aldi planned to invest between AUD400 million and AUD450 million in Western Australia and between AUD200 million and AUD300 million in South Australia over the next few years.

Starbucks opens first community store in South Korea

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.

Corneliani expands presence in South Korea with 2 new stores in Seoul

Two boutiques of Italian menswear house Corneliani opened recently in Seoul, South Korea. The two stores are located in two of the city's most famous malls - Shinsegae Main and Lotte Avenue.

Designed by Poddapointi Architetti in collaboration with Group Creative Director Sergio Corneliani, the boutiques were designed to make it easy for local consumers to choose Corneliani products and in style.

The company said the colors used include polished ebony, light grey suede and velvet and anthracite grey leather.

Canali inaugurates seventh store in India


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.


For HK retailers, protests another blow

Red Luxury

Pro-democracy protests paralyzing the center of Hong Kong will deal another blow to retailers already suffering as wealthy mainlanders pare their spending. Hong Kong’s economy relies on spending from rich Chinese to keep it ticking along. But a crackdown on corruption led by President Xi Jinping has led to a slowing in the kind of conspicuous consumption that led to sky-high sales of Gucci bags and Prada shoes in Hong Kong in recent years.


Zegna focuses communications strategy on China


Zegna’s latest short movie series, entitled A Rose Reborn directed by Park Chan-wook, a South Korean director known for his edgy style. Italian luxury menswear house Ermenegildo Zegna said in a statement that they targeted Chan-wook for his “unique storytelling, symbolism and visual sensibility.” The script was collaboratively written by Chan-wook, the Korean screenwriter Chung Chung-hoon, and the Japanese screenwriter Ayako Fujitani.


H&M eyes further expansion in US, China


Fashion retailer Hennes & Mauritz AB said on Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the US and China.

CEO Karl-Johan Persson says the Swedish company is in a "very intensive investment phase" and plans to open 8 to 10 online markets next year on top of 375 new stores in locations worldwide. H&M opened new online markets this year in France, Italy and Spain and China, which received "a very good response from customers," Persson said.

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