Online Retailing

Online retailers blame lost sales on NAB payment system problems

Source: 
The Sydney Morning Herald Online

An online storm is gathering around National Australia Bank, with businesses blaming thousands of dollars in lost sales on instability plaguing its secure credit card payment system.

NAB on Tuesday issued a statement to its NAB Transact customers noting there had been "ongoing" issues with the system over the month of May, including "log-in issues, time-outs and/or slow performance". Merchants reported a system outage had occurred around lunchtime on Tuesday.

Amazon moving on new line of food, household goods

Source: 
CNBC

Amazon became the largest internet retailer in the US by selling millions of other manufacturer's items – now, it's expanding its own.

Amazon previously introduced its Elements brand of products last year, featuring everyday essentials available for Prime subscribers. But now the e-commerce giant is expanding its brand to include food staples, such as milk and cereal, and household products, according to sources cited by The Wall Street Journal.

Alibaba partners with Korean government to launch Korea Pavilion on Tmall

Chinese e-commerce giant Alibaba Group on Monday launched the Korea Pavilion on Tmall.com, China's largest third-party B2C platform. The Korea Pavilion is the first official online country pavilion dedicated to providing consumers in China with one-stop shop for genuine Korean products and travel and cultural information.

Taiwan asks Taobao to pull out in six months

Source: 
Shanghai Daily

Taiwan has given e-commerce giant Alibaba Group Holding Ltd six months to wind down its online marketplace Taobao's operations on the island after it failed to apply for the permit required for a Chinese mainland company to do business there, Taipei authorities said on Monday.

Indonesian online marketplace Elevenia sees strong growth in transactions

Source: 
Jakarta Globe

Elevenia, registered as a business entity as XL Planet, opened for business in March last year as a joint venture between mobile provider XL Axiata and South Korea's online marketplace, SK Planet.

It began modestly, with around 500,000 products and 6,000 sellers. In just a year, the online marketplace had almost a million registered members, two million products and more than 20,000 sellers. Elevenia.co.id had 20 million visitors in February – 5 million of which were unique visits.

Indian online furniture retailer Pepperfry eyes profits in two years

Source: 
Business Standard

Indian online furniture and home products marketplace Pepperfry is eyeing a positive bottom line in the next 18-24 months.

This announcement comes days after online fashion retailer Myntra said it would turn profitable by the end of 2016.

Ambareesh Murty, Pepperfry's chief executive officer and founder, said over the next two years transaction volumes would be large enough for the company to reach the breakeven point.

Beauty retailer Sephora launches 1st online flagship store in China on JD.com

French beauty retailer Sephora on Wednesday launched its first and only Chinese online flagship store on JD.com, China's largest online direct sales company.

Sephora's online store will be the largest cosmetics store on JD.com's platform, featuring over 1,200 items from more than 70 leading international cosmetic brands, including Dior, Guerlain, Givenchy, Benefit and Kenzoki, among dozens of others.

Lazada to launch Muslimwear collection approaching fasting month

Source: 
The Jakarta Post

E-commerce giant the Lazada Group revealed its plan to launch a Muslimwear collection on its website approaching the Islamic fasting month in June.

The collection will be launched under LZD, the company's clothing line, and one of the brands showcased in their fashion category called Zada.

The move is based on the company's assessment of its market, which is dominated by Muslim women.

Flipkart sells 30 mn books in 8 years

Source: 
Business Standard

Eight years after launching as an online book seller, e-commerce major Flipkart on Monday said it had so far sold 30 million books through its portal. This is perhaps the highest of units sold in the category by any online entity in the country.

DLF Brands to launch online marketplace for children

Source: 
Business Standard

DLF Brands, which retails Mango, Mothercare, and others, would launch an online marketplace focusing on the kids and parenting space in the next two months, a senior company executive said.

The firm, led by Timmy Sarna, has invested INR25 crore (INR250 million, USD3.9m) in the business and is looking at revenues of INR100 crore in the first year of operations, said Deepak Agarwal, chief executive of DLF Brands.

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