Saturday, July 20, 2019
(By: Business Wire India) Global retail technology spending will near US$ 203.6 billion in 2019, according to new research conducted by Tech. – a collaboration between Retail Week and World Retail Congress. The surge – an anticipated 3.6 percent leap from...
(By: Robert Stockdill, Inside Retail Asia) The newly-opened Lush Tokyo store is its largest yet in Asia, a three-storey, 1240sqm flagship. Billed as “a global destination, with a curation of the best of Lush as you know it,” the Lush Shinjuku...
(By: Joyce Abano, Inside Retail Australia) Zara owner Inditex has named chief operating officer Carlos Crespo as its new chief executive to spearhead a bigger push into e-commerce. Crespo will continue in his existing position until his appointment as CEO becomes...
(By: Inside Retail Asia) 7-Eleven Malaysia has achieved sales growth of 9% in the first quarter – and net-profit growth of 24.9%. Same-store sales rose 6.1%, the rest of the growth due to store expansion with the convenience store network now...
(By: Inside Retail Asia) Incheon Airport duty-free tenders will be released in the fourth quarter of this year. The airport, thought to be the world’s most lucrative for retail, has committed to a fair-tender process for both international and local retailers...
(By: Yen Hai Nguyen, Inside Retail Asia) New mall features six-story structure to showcase brands, and an indoor cycling path. Singapore’s new Funan Mall features a six-story structure to showcase brands, and an indoor cycling path. Dubbed the Tree of Life, the...
(By: Inside Retail Asia) Vietnamese supermarket chain VinMart claims to have opened Vietnam’s first virtual store. Run by VinGroup’s subsidiary VinCommerce, the new concept is being tested in 20 locations, including apartments, office buildings, schools and at bus stops, both in...
(By: 2019 New York Times News Service, news.abs-cbn.com) For years, Google and Amazon stuck to their strengths. Google’s search monopoly and universe of online services seemed to present little overlap with Amazon’s web commerce empire. But as the ambitions of each has...
(By: Tom Brennan, Alizilla) Alibaba Group is the world’s most valuable retail brand outside the U.S., say global marketing and communications group WPP and research and consulting firm Kantar. In their ranking released on Tuesday, WPP and Kantar put Alibaba ahead...
By: Matt Smith, Walmart Over the past few months, a Walmart Neighborhood Market in Levittown, New York, has been quietly transforming. With artificial intelligence-enabled cameras, interactive displays and a massive data center, this store suggests a retail future that seems...
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