Tag Archives: E-Commerce

New LVMH e-commerce site to ship to 75 countries

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(Inside Retail Asia | 12 May 2017) LVMH is launching a multi-brand online store, curating a range of products from its own labels and rival brands like Gucci and Prada. More than 150 luxury labels will feature on the LVMH multi-brand site, built for the company’s Parisian department store Le Bon Marche. It will start trading next month. Named 24Sevres.com ...

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‘Decades of pain’ ahead, warns Jack Ma

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(Source: Inside Retail Asia | 25 April 2017) Society should prepare for decades of pain as the internet disrupts the economy, warns Alibaba Group Holding chairman Jack Ma. He told an entrepreneurship conference in Zhengzhou that the world needed to change its education systems and establish how to work with robots to help soften the blow caused by automation and ...

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Conglomerates taking steps to future-proof their business

Smart phone online shopping in woman hand during Christmas. Shopping center in background. Buy clothes shoes accessories with e commerce web site

(Source: Business World | 11 April 2017) Conglomerates Ayala Corp. and SM Investments Corp. (SMIC) — owners of an expansive network of shopping malls in the Philippines — are preparing for the future by joining the e-commerce wave, as brick and mortar shops in the United States succumb to online shopping. The Ayala group acquired a 49% stake in the ...

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Mobiles and machines revolutionizing retails says Google

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(Source: World Retail Congress Press Release | 6 April 2017)  Retailers are struggling to keep pace with the demands of today’s smart-phone shoppers, Martijn Bertisen, director of retail & technology at Google UK told The World Retail Congress in Dubai. He said half the world’s population now had mobiles with “more computing power than the Apollo missions to the moon” ...

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Amazon expands to Middle East with Souq.com buy

Photo from: thecountrycaller.com

(Source ABS-CBN/AFP | 29 March 2017) Tech giant Amazon expanded its global reach with the announcement of a deal to buy Dubai-based Souq.com, the Middle East’s largest online retailer. The agreement brings Amazon into a fast-growing market as it continues to invest in its core retail network despite expanding into a wide range of services. Founded in 2005 as an ...

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Central Group turns focus to e-commerc

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(Source: Inside Retail Asia | 7 March 2017) Thai retail giant Central Group aims to raise the share of its e-commerce sales to 15 percent (%) over five years, up from the present 1%. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion in the digital realm this year. About 10 % of ...

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Alibaba forms partnership with high street retailer Bailian group

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(Source: Tech Wire Asia | 21 February 2017) China’S e-commerce giant, Alibaba Group Holding Ltd, has formed a strategic partnership with traditional bricks and mortar retailer Bailian Group to use big data to improve sales. The state-owned Shanghai based high street retailer is the largest by store numbers to join forces with Alibaba in its new effort to capture a ...

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Southeast Asia eCommerce underperforming

Asian family using laptop to perform online shopping

(Source: Inside Retail Asia | 24 March 2016) A new report questions if Southeast Asia eCommerce can live up to its potential. With an online retail market estimated to be worth US$6 billion, the region has constraints in logistics and payments infrastructure that are making eCommerce a tough nut to crack, says the report, developed by global management consulting firm ...

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SM Prime sees e-commerce more as a challenge than a threat

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(Source: The Manila Times | 1 March 2016) The Philippines’ biggest retail property developer is not at all bothered by the emergent e-commerce, not even considering the latter as a latent competitor but more as a shot in the arm. “I am very bullish about that—I mean, SM’s commercial buildings and shopping centers,” SM Prime Holdings Inc. President Hans Sy told ...

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RetailWATCH: Speed to market in fashion

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(Source: Retail in Asia | Dec. 29, 2015) Speed to market (STM) is becoming a necessity for apparel retailers and manufacturers in order to stay competitive. E-commerce and fast fashion have changed shopping habits and made consumers more demanding in terms of what they want – which is more – and when they want it – which is now. As ...

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