News

How to Build a Digital-Native Brand

(Source: Forbes.com | September 14, 2018) Technology was at the center of some of the biggest consumer product launches over the past couple of years. Kylie Jenner unveiled her cosmetics brand using social media and sold $420 million in 18 months — and it’s estimated that her company will be worth over a billion dollars by 2022. Rihanna launched a ...

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Sunnies Studios plans expansion into Vietnam

(Source: Inside Retail Asia | September 14, 2018) Filipino eyewear brand Sunnies Studios has announced plans to expand into Vietnam. The fashionable brand, specialising in affordable frames for women, has enjoyed a successful run in the Philippines with more than 40 branches. The Vietnam store, expected to open before the end of the year, will be its first international outlet. ...

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Asian shoppers dissatisfied with online shopping experience — UPS global survey

(Source: Business World | September 13, 2018) Customers in Asia are less satisfied with online shopping compared to those in other regions, a study organized by logistics company United Parcel Service (UPS) shows. “UPS Pulse of the Online Shopper,” which surveyed more than 18,000 online shoppers around the world (3,200 of which are from China, Hong Kong and Japan), took ...

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SM Prime opens shopping mall in Legazpi City

(Source: Business World | September 12, 2018) SM City Legazpi will open its doors on Sept. 14. Located along Imeda Roces Avenue in Albay, the mall will have a total gross floor area of almost 88,000 square meters (sq.m.) and will be the company’s second mall in Bicol following SM City Naga in Camarines Sur. “SM Prime joins the City ...

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Burberry ends practice of destroying unsold goods

(Source: Inside Retail Asia | September 10, 2018) Luxury retailer Burberry on Thursday said it will no longer destroy unsold goods, but rather expand existing efforts to reuse, repair, donate or recycle items. The retailer will also stop using real fur and angora in products. The move comes after Burberry revealed in a presentation to investors in July that it ...

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India’s e-commerce market to surpass USD 100 bn by 2022: Report

(Source: Economic Times India | September 7, 2018) India’s e-commerce market is set to grow three times to surpass USD 100 billion by 2022 and may trigger over a million jobs in the coming years, a report said. According to the report by industry body Nasscom and PwC India, the e-commerce market is worth about USD 35 billion at present. ...

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Alibaba: 325,000 orders per second highlights e-commerce shift

(Source: ABS-CBN News | September 4, 2018) Following a record 325,000 orders processed per second in a single day, an official of Chinese e-commerce behemoth Alibaba said Tuesday business had indeed shifted to digital. The milestone was reached during Alibaba’s Nov. 11, 2017 sale, where the platform also saw 256,000 payments processed per second and 168.2 billion yuan in sales, ...

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Amazon joins the trillionaires club

(Source: Inside Retail Asia | September 5, 2018) Amazon briefly became the second US company to join the trillionaires club overnight. Like Apple just one month ago, Amazon’s market capitalisation has exceeded US$1 trillion. Neil Saunders, MD of GlobalData Retail, described the achieved as “extraordinary” after just 24 years in business. “That Amazon has achieved this demonstrates its dramatic advancement ...

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Retail sales in Japan rise again

(Source: Inside Retail Asia | September 5, 2018) Retail sales in Japan have reportedly risen for the ninth straight month year on year, reflecting the importance of private consumption to the world’s third largest economy. However while the news has prompted enthusiasm in the Japanese central bank, claiming it reflects improved consumer confidence, other commentators suggest the pace of gains ...

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Associations learn from retailers, too

(Source: Business Mirror | August 30, 2018) Retailers differ from manufacturing companies in that they do not produce any tangible product. They purchase merchandise from these manufacturers in large quantities for resale to consumers at a profit. The domestic retail industry in the country, represented by the Philippine Retailers Association (PRA), is mature and highly competitive. So, what have retailers ...

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