Online Retailing

Amazon 3Q net sales up 20pc to USD21b

Amazon reported that net sales increased 20 percent to USD20.58 billion in the third quarter, compared with USD17.09 billion in third quarter of 2013.

“As we get ready for this upcoming holiday season, we are focused on making the customer experience easier and more stress-free than ever,” said Jeff Bezos, founder and CEO of Amazon.com.

Singapore's health and beauty chain moves into e-commerce

Singapore’s health and beauty chain Guardian has launched a new portal that features live online chats, virtual healthcare consultations, curated content and door-to-door delivery services.

Designed as a convenient one-stop destination, the newly launched portal marks the first time that a retailer is offering virtual health consultations with a team of Singapore-based healthcare providers.

The pioneering service is in exclusive partnership with MyDoc, an online health consultation platform.

Sydney's Bigcommerce teams with Alibaba to take on Amazon

Source: 
The Sydney Morning Herald Online

A Sydney software company developing e-commerce tools for businesses is taking on Amazon by teaming up with the Chinese internet giant Alibaba.

Bigcommerce has announced a partnership with the Chinese behemoth, hoping to slice into Amazon's capacity to source cheap products by connecting merchant to wholesaler.

Alibaba, which pulled off the biggest IPO in history on the New York Stock Exchange last month, will integrate its buyer and supplier network with Bigcommerce's users, enabling merchants to source products directly through Alibaba's suppliers.
 

ASOS says back on course for USD4b sales by 2020

Source: 
CNBC

UK online fashion retailer ASOS believes it can reach its target of GBP2.5 billion (USD4 billion) in annual sales by 2020, with price cuts helping to reignite growth after three profit warnings this year.

Until this year, ASOS had been the great success story of UK retailing and a darling of the stock market, helped by its appeal to internet-savvy twentysomethings and high-profile fans including singer Rita Ora and US First Lady Michelle Obama. Having floated at 20 pence in 2001, ASOS shares hit a high of GBP71.95 in February.

IKEA makes online push

Source: 
The Sydney Morning Herald Online

IKEA, whose stadium-sized furniture stores draw shoppers from miles around, is making an online push.

The CEO of IKEA Group, the world's largest furniture chain, is pushing for sales growth, while making its ready-to-assemble furniture more accessible to shoppers increasingly buying online.

Social networks make push as shopping destinations

Source: 
The Malaysian Insider

They're not just for sharing any more –  Facebook and Twitter are now looking to play a bigger role in shopping. Both major social networks have unveiled plans to start using "buy" buttons on their sites, which could start having an impact on "social shopping" in the coming holiday season.  

China's JD.com starts operations in USD1b warehouse, land push

Source: 
The Business Times

Chinese e-commerce giant JD.com Inc said it had launched its warehouse and logistics initiative, ahead of China's biggest online shopping event which produced sales of USD1.6 billion for the firm last year.

The initiative is part of a USD1 billion push to expand storage and processing facilities in China, where JD.com presently operates 7 fulfillment centres and 97 warehouses in 39 cities.

A Shanghai warehouse has started operations as part of the initiative, the firm said in a statement. The facility eventually will be able to sort 16,000 packages an hour.
 

Alipay unveils ePass for US retailers

Source: 
Shanghai Daily

China's half billion online shoppers will soon have an easier way to shop in the US.

Alipay, the payments unit recently spun off from Chinese e-commerce giant Alibaba, is launching a service for US retailers called ePass. Alipay has already been working in beta mode with retailers such as Gilt.com, The Gap and H&M.

EBay Q3 profit tops estimates, sales miss

Source: 
The Sydney Morning Herald Online

EBay has reported better-than-expected earnings for the third quarter, but cut its sales forecast for the year. Shares dropped 3 percent after-hours.

The company's PayPal business had another strong quarter. Revenue grew 20 percent to USD1.95 billion and mobile payment volume jumped 72 percent to USD12 billion. PayPal remains on track to process a billion mobile transactions this year. Earlier this month eBay said it would split off the payment processor, its fastest growing unit, late next year.

India's ethnic wear brand Biba launches e-commerce portal

Source: 
The Hindu Business Line

Ethnic wear brand Biba launched on Wednesday its online portal to leverage the country’s fast growing e-commerce space and also cash in on the ongoing festive season. Commenting on its e-commerce portal, Biba Managing Director Siddharth Bindra said, “We want to make shopping convenient for our consumers and e-commerce being a prevalent and growing channel is indeed a natural progression for our existing business.”

 

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