Chinese B2C e-commerce giant JD.com Inc on Thursday said fashion brand Uniqlo will open a flagship store on its marketplace platform, joining fashion retailers Gap, Levi's, Lacoste, Marks & Spencer and Skechers to reach China's online shoppers.
UK online fashion retailer ASOS said it was confident its full-year profit and margin would be in line with expectations as it posted a 10 percent decline in first-half profit.
The firm, which issued three profit warnings last year, said on Wednesday it made a pretax profit of GBP18 million (USD27 million) in the six months to 28 Feb.
Hypermarkets, department stores, shopping centres and convenience stores in Thailand are all aggressively moving further into online services.
Their goal is to spur shopping from young consumers who have high spending power.
This month, Future Park Rangsit, Tesco Lotus, Central Group and Charoen Pokphand (CP) Group simultaneously launched online business strategies to boost their sales and attract the young generation to become their new customers. Moreover, their operation costs may fall and sales increase despite having no more retail space.
China and India are currently the darlings of global e-commerce, boasting the world's fastest-growing markets, but a third Asian market could join their ranks in the coming years.
The six major economies of the Association of Southeast Asian Nations (ASEAN) – Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam – are benefiting from strong fundamentals that will soon bring them into focus internationally, industry experts say.
UK online retailer ASOS's decision to cut prices in Australia to reverse declining sales has paid off, but overseas retailers hoping to maintain their share of the local e-commerce market will have to make tough decisions on pricing as the Australian dollar reaches six-year lows.
For China's 640 million internet users, a live Alaskan crab is now just a mouse-click away.
Alibaba and JD.com, the two biggest ecommerce operators in China, have long been best-known for selling apparel and electronics to the country's army of web-savvy shoppers. But online sales of fresh produce – from Mexican avocados to Scottish mackerel – sourced from around the globe are growing fast thanks to increasingly sophisticated supply chains, changing consumer habits, and worries over the safety of homegrown food.
A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding and Amazon.com catering to shoppers' fears about the quality and safety of local everyday goods.
Encouraged by tax-relief programs and other policies that gained traction last year, logistics firms including SF Express and state-owned Sinotrans are seeking to grab a piece of the cross-border e-commerce market which the government estimates to be worth USD1 trillion by 2016.
Alibaba and Tencent spent more than USD8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world's population.
Before China became the biggest smartphone market, there was little overlap between the businesses of e-commerce leader Alibaba Group Holding Ltd, social networking firm Tencent Holdings Ltd and search engine provider Baidu Inc.
China's largest e-commerce group Alibaba said on Monday transaction size at its overseas shopping division Tmall International added more than 10 times since its initial launch in February this year.
By the end of November this year, as many as 5,400 overseas brands from 25 countries and regions have opened official marketplace at Tmall. Among them, 30 Tmall stores have recorded transaction of more than CNY10 million (USD1.6 million).
Foreign retailers such as Metro AG are also planning to open their official stores on Tmall early next year.
Online retailing has been belted by Australia's economic woes, with November's sales figures recording the slowest monthly and annual growth since the series was first compiled.
And some bricks-and-mortar retailers are also doing it tough, with shares in outdoor equipment retailer Kathmandu plunging 20 percent after poor Christmas sales forced the company to issue a profit warning.
According to National Australia Bank, not only are November's online sales down 0.2 percent on October, they are only 3.9 percent higher year-on-year.