Tag Archives: E-Commerce

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%


(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


(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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Walmart China launches online flagship

05-29 Walmart China launches online flagship

(Source: Inside Retail Asia | 25 may 2017)   Walmart launches its official Chinese flagship store today on online retail platform JD.com. This means Chinese customers can shop online for their everyday needs with the same 90-day return service Walmart offers at its brick-and-mortar stores, which have been open in China for more than 20 years. Walmart chose more than ...

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Samsung-Lazada deal expanding

05-29 Samsung-Lazada deal expanding

(Source: Inside Retail Asia | 26 May 2017) Alibaba-backed Lazada Group is to expand its strategic partnership with its biggest brand partner in sales, Samsung. The strengthened Samsung-Lazada deal follows strong performance over the past year of partnership, says the e-commerce retailer. Overall sales of Samsung products on Lazada last month were 2.5 times better than a year ago, with ...

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