Saturday, November 27, 2021
By: Shopify Returns are a constant source of stress for retailers: about 8%–9% of brick-and-mortar purchases and 20%–30% of ecommerce purchases are returned. These returns result in added costs (think shipping, processing, and restocking processes). Even worse: sometimes the returned merchandise...
The COVID-19 pandemic completely changed the whole paradigm of the retail industry. Since there was no playbook, many businesses struggled to survive especially when lockdowns were imposed. Businesses that provide essential goods and/or services are the only ones open. But...
By: Manila Standard AllHome Corp., the listed one-stop shop home store of the Villar Group, continued its Mindanao expansion with the opening of a new outlet in General Santos City. AllHome said in a statement the newly-opened outlet in General Santos...
By: Philippine Daily Inquirer Perhaps the most glaringly apparent trend is the digital shift spurred on by the pandemic. As the region went into lockdown in the first half of 2020, brick-and-mortar shops were forced to shutter and entire businesses...
By: Philippine Star The economy may contract anew in the first quarter, further extending the pandemic-induced recession, according to economists. Bank of the Philippine Islands chief economist Jun Neri said the country’s gross domestic product (GDP) may contract mildly in the...
By: Sunstar Companies from the Ayala group bagged top accolades at the 2019 Asean Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors on Friday, January 29. Ayala Corporation, BPI, Ayala Land Inc.,...
By: Business Inquirer The Department of Trade and Industry (DTI) seeks to double the contribution of e-commerce to the economy to P1.2 trillion by 2022, from nearly P600 billion in 2020.Trade and Industry Secretary Ramon Lopez announced this target as...
By: Business World The pandemic has forced mall operators and retailers to accelerate their digital transformation. Mall operators are now working closely with retailers to offer personal shopper services, delivery and curbside pick-up for customers who are still wary of going...
By: Inside Retail Asia FMCG sales in Asia are expected to record growth during the upcoming Lunar New Year season despite the Covid-19 pandemic, according to Nielsen. Asia’s biggest festive event usually records high consumption of food, beverages, alcohol, personal-care and...
By: Malaya Business Insight For Jaime Augusto Zobel de Ayala, chairman of one of the country’s largest conglomerates, adapting to the new standard ushered by coronavirus disease 2019 (COVID-19) pandemic requires redesigning how the group interacts not just with customers...
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