Tag Archives: E-Commerce

Target CEO unfazed by Amazon-Whole Foods deal

Target CEO Brian Cornell  (AFP PHOTO / Robert LEVER/Manila Bulletin)

(Manila Bulletin/AFP | July 19, 2017) US retail giant Target’s chief executive Brian Cornell played down Amazon’s massive deal to acquire grocery chain Whole Foods, arguing that it “validates” his company’s business model. “It wasn’t a surprise that that deal took place,” Cornell told a forum at the Fortune Brainstorm Tech conference in Aspen, Colorado. “It really validates what we’ve ...

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The demise of brick-and-mortar retail has been greatly exaggerated

07-14 The demise of brick-and-mortar retail has been greatly exaggerated featured

(Source: Retail Customer Experience | July 11, 2017) COMMENTARY There’s been no end of stories lately about retail store closures, layoffs and bankruptcies, but the real story isn’t about physical retail dying. It’s about evolution — and that outlook is very positive. E-commerce is indeed growing quickly, and changing the retail landscape, but a deeper look at data shows bricks ...

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Amazon to Acquire Whole Foods for $13.7 Billion in Cash

07-10 Amazon to Acquire Whole Foods for $13.7 Billion in Cash

(Source: Fung Global Retail & Tech) On June 16, Amazon announced the signing of a definitive agreement to acquire Whole Foods Market for $13.7 billion in cash, which includes the assumption of roughly $1 billion in Whole Foods’ net debt. The two companies’ statement included few details. Whole Foods CEO John Mackey said that the deal represents an opportunity for ...

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Toby’s Sports Launches ‘We Got This’ Campaign

07-04 Toby's

(Source: Philippine Daily Inquirer | July 02, 2017) Toby’s Sports, the largest multi-brand sports retailer in the country, has embarked on a national campaign that underlines its pursuit to promote sports and an active lifestyle. The retail chain also officially launched its e-commerce site, a testament to its commitment to providing the best shopping experience to its customers. The new ...

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Alibaba Group’s share in Lazada boosted to 83%

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(Inside Retail Asia | June 28, 2017) Alibaba Group’s share in Lazada has reached about 83 percent after the e-commerce giant bought out all but one other investor. Alibaba Group said it would spend about US$1 billion lifting its stake from the current 51 percent, which values the company at $3.15 billion – a “significant increase” in Lazada’s value from ...

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Luxury brands in China are making moves on WeChat

(Source: china-briefing.com)

(Source: Inside Retail Asia | June 20, 2017) Luxury brands in China are investing heavily into e-commerce channels. More than 90 percent of them now have an account on the messaging app WeChat, double the number back in 2014. This puts WeChat on par with Weibo, a popular Chinese microblogging site, on which about 94 percent of luxury brands have ...

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Alibaba revenue set to grow 49 percent

Alibaba-Logo-1-940x580

(Source: Inside Retail Philippines | June 9, 2017 ) Alibaba Group says it is targeting revenue growth of 45-49 percent for the current fiscal year, topping consensus analyst forecasts. The guidance came from Maggie Wu, Alibaba’s CFO, speaking to investors and analysts at the company’s 2017 Investor Day. In its last fiscal year Alibaba reported revenues increased by 56 percent, ...

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India races past China to nab top spot on global retail index

Source: livemint.com

(Source: Techwire Asia| June 7, 2017) India has overtaken China in an index ranking developing countries in terms of their attractiveness for retail investment. The Global Retail Development Index, an annual report from management consulting firm A.T. Kearney, said the ranking was based on the countries rapidly expanding economy, a major increase in consumer spending and the government’s easing of ...

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China’s online retail sales 40 percent of global market

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

(Source: Inside Retail Asia | June 6, 2017) China’s online retail sales accounted for about 40 percent of the entire global market last year. This is revealed in a report released by the Chinese Ministry of Commerce which estimates the nation had 731 million internet users and 467 million online shoppers last year. Of these, 441 million were mobile shoppers, ...

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The rise and rise of digital commerce

05-31 The rise and rise of digital commerce

(Source: Inside Retail Philippines | May 29, 2017) A new study from Juniper Research forecasts that users of digital commerce services will reach 3 billion by 2021 or 40 percent of the global population, up from just 32 percent this year. The research, Digital Commerce: Key Trends, Sectors & Forecasts 2017-2021, found that two core sectors will dominate the global ...

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