Retail News

To follow is a brief review of retail news from around the world: September 18 – India’s Aditya Birla Shows Signs of Recovery Aditya Birla Fashion and Retail formed from a merger of Madura Garments Lifestyle Retail and Pantaloons Fashion and Retail Ltd, has been struggling since its creation. In the first two fiscal years after the merger the stock gained just 7%, however,…

To follow is a brief review of retail news from around the world: August 16 – Mexico’s Elektra Announces Online Shopping to Compete with Amazon Mexican department store chain Elektra announced it will launch an on-line shopping portal to compete with Amazon. Elektra’s marketplace will launch with 25 consumer products business partner brands and the goal of expanding to…

To follow is a brief review of retail news from around the world: July 31 – Sodimac’s First Store Opens in Mexico This first store in Mexico is located in the Municipality of Cuautitlán Izcalli, in the Metropolitan Zone of Mexico City. The 10,700 m2 store is part of an agreement formed by Falabella and Soriana in 2016 for the development of the home improvement chain and…

To follow is a brief review of retail news from around the world: June 20 – JD.com Reaches Record Sales During its Annual 6.18 Shopping Event More than 43 million customers visited online pop-up stores and brought sales for the Chinese online retailer to $24.7 bn during the company’s anniversary on June 18. This falls just behind Alibaba.com’s $25.3 bn in sales during the…

To follow is a brief review of retail news from around the world: May 28 – Walmart and Amazon Battle India’s Strong Players, Traditional Family Run Stores Thousands of “kiranas” throughout India pose a legitimate threat to the models of the Western, organized retailers’ models, as they are well-established, pay low wages and pay little rent. From The Wall Street…

To follow is a brief review of retail news from around the world: April 16 - JD.Com Plans to Open 1000 Stores Per Day The Chinese online retail giant opened a store a week in March and announced that their goal is to continue their rapid expansion of franchised convenient stores to reach 1 million in 5 years. From MINGTIAandI April 16 – Alibaba’s Tmall Launches New…

To follow is a brief review of retail news from around the world: March 19 – Alibaba’s New App Focuses on Discounted Products The new App features products that sell below 19.9 yuan (˜US$3). This “Taobao Special Offer Edition” offers products across a large range of categories, including food, clothing and electronics accessories and includes delivery in the cost of the…

To follow is a brief review of retail news from around the world: February 28 – Amazon Japan Asks Suppliers to Share Shipping Costs Amazon Japan has set a flat rate for food suppliers of 2% and 1-5% for other suppliers. These “cooperation payments” are said to help defray the cost of sales system upgrades as well as other expenses. From Nikki Asian Review February 27 –…

To follow is a brief review of retail news from around the world: January 31 – Walmart May Buy a Stake in India's Answer to Amazon Walmart is negotiating to acquire a 15% to 20% stake in India’s leading homegrown e-commerce firm Flipkart. A deal would give both companies a greater advantage in competing with Amazon in India, according to the sources. From Fortune January…