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Tag: ecommerce

Retail Asia15/02/2019
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Fashion

Lifestyle deploys new retail technologies

5min0
A part of Dubai-based retail and hospitality conglomerate Landmark Group, Lifestyle has been enhancing its Omnichannel experience for its customers at a very fast pace in the recent years. With 75 stores at present, Lifestyle is now also available online through www.lifestylestores.com where customers can shop from the convenience of their home. Offering men’s, women’s and kids’ apparel, footwear, […]
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Retail Asia15/02/2019
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Fashion

Haute Hijab bags US$2.3 million funding

2min0
US-headquartered fashion and lifestyle startup targeting Muslim women, Haute Hijab, has raised US$2.3 million in seed funding. The investor group was led by Cue Ball and also includes Ludlow Ventures, Sinai Ventures, Maveron, Muse Capital, AngelList and The Helm. The funds will be used to help Haute Hijab accelerate growth and extend its reach worldwide. […]
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Retail Asia14/02/2019
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E-Tailing

E-commerce firm Zilingo bags US$226m in funding

2min0
Singapore online fashion market Zilingo has achieved capital investment of $226 million in a Series D funding round. The investments were made by the firm’s existing backers, including Sequoia Capital, as well as newcomers Temasek Holdings and EDBI, and will support the business’s expansion into fresh markets in the Philippines, Indonesia and Australia, as well […]
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Retail Asia14/02/2019
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E-Tailing

Today’s demanding consumers need tech-savvy food retailers: Walmart India CEO

5min0
Food is the largest retail consumption category in India, accounting for 33 percent of the overall consumption expenditure. It is also the largest opportunity area, especially in times when market dynamics are changing dramatically, and consumer behaviour is no longer generic. Indian consumers are becoming more and more indulgent with food (and vegetables), and they […]
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Retail Asia14/02/2019
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E-Tailing

Asia-Pacific shoppers favour cross-border shopping

2min0
Half of online shoppers in Asia-Pacific make purchases cross-border, according to a recent report by yStats. The top two markets for cross-border shopping in the region are Hong Kong and Singapore while Japan shuns the trend, with over nine in 10 online shoppers buying only domestically. The tendency to buy from foreign online sellers also prevails in […]
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Retail Asia13/02/2019
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E-Tailing

Japan’s Zozo expects profit fall, cuts outlook

3min0
Online fashion store Zozo reported its firs-ever profit decline since its launch, adding to the announcement that it plans to discontinue its innovative Zozo suit, as it moves away for custom-fit fashion. One of Japan’s fastest-growing start-ups, Zozo said it expects full-year for the fiscal year ending March 2019 to fall 12%, dipping to 17.8 […]
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Retail Asia12/02/2019
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E-Tailing

Walmart bets on India despite change in FDI norms

3min0
American retail giant Walmart and its Indian e-tail major Flipkart are betting big on India despite the revised norms for Foreign Direct Investment (FDI) in e-commerce, the companies said. “Walmart’s and Flipkart’s commitment to India is deep and long term. Despite the recent changes in regulations, we remain optimistic about the country,” the regional Chief Executive Officer of Walmart […]
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Retail Asia12/02/2019
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Living

How technology shape the future of retail in India

12min0
The Indian Retail Industry is considered one of the fastest growing industries in the world and technology has emerged as a helping hand to the industry. The world has seen a transition in retail planning –with the industry going from being product-centric to being customer-centric – and retailers are leveraging technologies to reach the modern […]
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Retail Asia07/02/2019
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E-Tailing

Online grocery space likely to witness traction: Nielsen

2min0
With consumers being increasingly preferring digital channels for their purchases, the online grocery space is likely to witness traction, according to market research firm Nielsen. Grocery is definitely going to start seeing traction as e-commerce picks up, Nielsen Executive Director Ajay Macaden said at the India Food Forum here. He, however, did not quantify the size of online […]
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Retail Asia07/02/2019
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E-Tailing

Optimistic about Indian market despite changes in new FDI policy: Walmart

3min0
US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major’s statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may […]
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Retail Asia06/02/2019
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E-Tailing

Indian consumers ask Amazon to resume Pantry service

2min0
The Indian users of online grocery delivery service Amazon Pantry have taken to Twitter to urge the e-retail major to resume services ever since it was discontinued on February 1. “Currently, pantry items are not available on Amazon. Kindly stay tuned for more updates. Thank you for understanding,” Amazon responded to its Indian users in a tweet. […]
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Retail Asia06/02/2019
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E-Tailing

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

3min0
Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by Morgan Stanley said late Monday. According to the report, Walmart-Flikkart saga might turn […]
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Retail Asia05/02/2019
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E-Tailing

Amazon introduces self-driving delivery robot, Scout

2min0
Amazon has introduced self-driving delivery service dubbed Scout – an all-electric self-driving vehicle that will maneuver across sidewalks in order to deliver purchased items to customers. Scout is the size of a ‘small cooler’ and can roll along sidewalks, delivering packages safely to a customer’s doorstep. The device is currently operating in Snohomish County, Washington, the […]
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Retail Asia05/02/2019
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E-Tailing

Snapdeal bats for new FDI policy in e-commerce from Feb 1

3min0
Leading Indian e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1. “Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run inventory operations,” Delhi-based Snapdeal told IANS in a statement. The Ministry of Commerce and Industry on […]
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Retail Asia04/02/2019
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E-Tailing

Lazada to ramp up Southeast Asian grocery offering

2min0
Lazada Group has announced plans to ramp up its supermarket business in Southeast Asia as part of its strategy to become the region’s biggest e-commerce ecosystem. The supermarket transformation is being started off in Singapore, as homegrown online grocer RedMart is integrated into the Lazada platform on March 15 following its acquisition in 2016. Following […]
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Retail Asia04/02/2019
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E-Tailing

Behind Amazon’s 63 per cent income rise

5min0
The latest Amazon results are positive – but there is now a clear divergence in performance between the top and bottom lines. On the profit front, Amazon’s results are impressive. Net income increased by 63.1 per cent and operating income by 78 per cent. Much of this is coming from the AWS segment, where income […]
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