Retailers the world over must develop a customer-focused business model and invest in technology to capitalise on the fast-growing e-shopping market, says a PwC survey.
According to the report, "Achieving Total Retail: Consumer Expectations Driving the Next Retail Business Model", 55% of internet shoppers globally said they buy online because of better deals.
The survey of more than 15,000 online shoppers in 15 countries uncovered a booming online retail industry, driven by explosive growth in China's e-shopping market.
One of the most renowned names in American retailing operates a chain of mid-to high-end department stores with multiple online brands and hundreds of locations across the U.S.
Building on a consistent growth trend in online sales, company leaders launched an ambitious omni-channel, strategic initiative to maximize inventory, selection and buying opportunities available to their shoppers and chose Tyco Retail Solutions as their partner and software solution provider for this strategic implementation.
RFID inventory visibility a key enabler for success
Tyco Retail Solutions highlights the new Retail Information Systems (RIS) News/Gartner 24th Annual Retail Technology Study. The study, co-sponsored by Tyco, provides research findings and guidance to retailers as they plan and prioritize technology investments needed to transform their businesses.
Asia's online fashion destination ZALORA has partnered with virtual clothes fitting solutions provider Virtusize to offer a proper online fitting tool for customers.
The solution will make it easier for its customers in Singapore, Malaysia, Vietnam, Thailand, Philippines, Indonesia and Hong Kong to find the right size and fit before making a purchase.
The company said Virtusize is now available on a wide range of ZALORA's leading brands including ZALORA's private label, EZRA. The roll out across its full range will continue in the coming months.
With less than 1 in 50 people clicking products into a virtual supermarket trolley each month, Australians are buying alcohol online than groceries, the latest Roy Morgan Single Source e-commerce data shows.
The research firm reported that last year, just 1.9 percent of Australians (around 357,000) did some supermarket shopping online in an average four-week period. However, 2.2 percent (426,000) bought alcohol online.
Alexis Horowitz Burdick, Founder of Luxola, outlines opportunities in Southeast Asia's e-commerce space. She also discusses her expansion plans beyond its home market of Singapore.
To watch the interview, visit CNBC.
With Easter weekend just passed, it is given that some consumers will be making some portion of their Easter purchases online. eMarketer estimates that by 2016, 38% of all business-to-consumer (B2C) eCommerce sales will come from Asia-Pacific, from an estimated 453 million digital buyers in Asia-Pacific (44.4% of 1.03 billion digital buyers globally). The Asia Pacific eCommerce sector is experiencing an unprecedented boom.
Alibaba Group Holding Ltd has struck one of its largest deals with a US e-commerce company, agreeing to help Amazon.com rival ShopRunner expand into China.
ShopRunner, whose partners include Neiman Marcus and Nine West, will use Alibaba's domestic logistics infrastructure to launch in China later this year, ShopRunner Chief Strategy Officer Fiona Dias told Reuters on Wednesday.
The move would offer a new way for US retailers to tap the world's second largest economy, where many have stumbled in the past.
In the crusade to capture clicks and pull in dollars from online sales, Amazon remains the clear frontrunner. But 2013 e-commerce sales data from trade publication Internet Retailer reveals that the race is heating up.
One big, gaining rival: Apple, which took the number two spot long held by office supply chain Staples.
Indian online retailing giant Flipkart has launched an annual membership fee-based service for its customers.
Flipkart First is aimed at rewarding registered shoppers, which the company claims are about 18 million for the portal, as well as getting new ones on board.
With the USD3 billion Indian e-commerce market poised to register double digit growth, analysts are of the view that companies are looking at innovative ways of not just adding new users from smaller parts of the country but also retaining existing shoppers.