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Retail News

Shopify to expand in Waterloo, hiring up to 500 new employees

E-commerce company Shopify announced today that it will expand its Waterloo operations, adding 300-500 additional employees over the next two to three years.

Croatia court orders arrest of retail giant boss

Zagreb - A Croatian court ordered Wednesday that the boss of ailing Balkans food and retial giant Agrokor, who is suspected of financial wrongdoing, be detained as soon as he returns to the country.

Police raid home of boss of indebted Balkans retail giant

Zagreb - Police on Monday raided the Zagreb home of the owner of ailing Balkans retail giant Agrokor after a months-long probe into possible criminal reasons behind the firm's financial woes, HRT television reported.

Survey shows retailers are underutilizing their location data

The company CARTO has announced the findings of its “State of Location Intelligence” survey. The survey polled midsize to large enterprises about their use (or otherwise) of locations analytics software.

Wal-Mart says it stopped fish imports from N.Korea-linked plant

New York - Wal-Mart said Thursday it no longer imports fish from a Chinese factory that employed North Koreans after a report said the US retailer may have inadvertently subsidized the nuclear-armed state.

Malaysian Muslim-only laundrette stirs anger

Kuala Lumpur - A Malaysian laundrette that banned non-Muslim customers sparked anger Tuesday as fears grow of creeping religious conservatism in the multi-ethnic country.

Best Buy drops Kaspersky products amid Russia concerns

Washington - US electronics retailer Best Buy has stopped selling products by leading computer security firm Kaspersky Lab amid concerns the company has links to Russian intelligence, the two companies confirmed Friday.

Travel retail catching up on e-commerce

Travel retail is big business, especially at major airports. This sector has, however, been slow to adopt digital technologies. This is about to change according to industry surveys.

Is automation creating retail jobs?

Automation could be creating jobs in retail. According to a new report, the rise of ecommerce is driving an increase in employment that’s sufficient to offset industry automation. The unexpected finding has been attributed to improved service quality.

Digital transformation in retail means even more targeting

Retailers are coming under pressure to incorporate digital strategies into their customer experiences. As they find themselves overshadowed by firms like Facebook and Google, retailers are having to employ more aggressive targeting to reach new customers.

Corporations are killing suburban office parks

The traditional suburban office park — a cluster of homogeneous, cubicle-filled buildings surrounded by large parking lots and highways — is dying in the US.

Walmart buys into voice shopping with new Google partnership

Google has announced a partnership with Walmart that will let you order household items using Google Assistant and your voice. It comes amid a surge in interest in voice shopping and transformative retail experiences. Google also offers free delivery.

Google and Walmart team up to take on Amazon

San Francisco - Walmart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online shopping.

Retailers using location analytics to improve customer experience

Consumers are starting to engage with businesses in new ways, using the Internet to post questions or to track orders. Rising consumer expectations in relation to when they will get their goods is driving interest in location analytics.

Alibaba profit nearly doubles on robust revenues

Shanghai - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Trump renews attack on Amazon, claiming 'jobs lost'

Washington - President Donald Trump on Wednesday lashed out at Amazon, claiming the US online colossus is doing "great damage" to other retailers and destroying jobs.Trump, who has criticized Amazon in the past, offered no specific facts to back up his argument.

Meeting the consumer half-way: Starbucks goes digital

Seattle - Starbucks has undertaken a host of digital innovations, from reward schemes to online pay and collect ordering. The coffee chain has undertaken valuable innovations, helping it compete in the retail sector.

Amazon could let you try on watches, clothes in augmented reality

Amazon is investigating how it could use augmented reality technology to let you "try on" clothes and accessories before you buy. A new patent filed by the company details how a phone app would let you virtually "wear" items from Amazon's product pages.

In China, universities teach how to go viral online

Shanghai - A 21-year-old student walked around her campus in China using invaluable skills she learned in class: Holding a selfie stick aloft, she livestreamed her random thoughts and blew kisses at her phone.

Alibaba quarterly profits almost double to $1.55 bn

Bejing - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.

Amazon strikes back at Walmart's free two-day shipping offer

Amazon is making it cheaper to qualify for free shipping. The retailer just lowered its free-shipping minimum to $25 from $35 for customers who aren't members of its Prime membership program.

13 big businesses urge Trump to stay in Paris deal

Miami - Thirteen big businesses, including oil giant Shell and retailer Walmart, on Wednesday urged US President Donald Trump to keep the United States in the Paris Agreement on climate change.

Amazon is looking into virtual and augmented reality store spaces

Amazon is looking to use cutting edge AR and VR technology to revitalize the physical retail environment. With all sorts of physical store space projects on the go, the ecommerce company thinks virtual and augmented reality could help out in a big way.

South Korean firm Lotte, Seoul face China backlash in missile row

Bejing - South Korea's Lotte Group faces an escalating backlash in China after providing land for a US missile-defence system, amid growing concern that the row will mushroom into wider Chinese retaliation against Seoul.

S. Korea's Lotte 'agrees land swap' for US missile system

Seoul - South Korean retail giant Lotte agreed Monday to provide land to host a controversial US missile defence system loathed by Beijing, Seoul's defence ministry said.

Top Trump aide faces probe after Ivanka brand plug

Washington - A key aide to Donald Trump was facing possible investigation after pitching the clothing line of the president's daughter Ivanka on television, with top lawmakers from both camps denouncing a major ethics breach and urging "disciplinary action.

Ivanka Trump brand axed at US retailer Nordstrom

Washington - US fashion retailer Nordstrom has dropped the Ivanka Trump line of shoes and clothing, citing slow sales after a campaign to boycott stores doing business with the new US president's family.

Psychology explains what retail therapy is all about

When people are unhappy they often go out and buy something in order to make themselves feel better. One of the drivers for this, psychologists report, could be a fundamental unhappiness with personal relationships.

The Limited closes all stores

The Limited, a women's clothing company, has announced that all of its clothing stores would be closed by the end of Sunday.

Paris department stores finally open on Sundays

Paris - Sunday shopping at Paris's prestigious department stores is finally becoming a reality, giving them a much-needed shot in the arm following terror attacks that have scared away foreign visitors to the world's fashion capital.
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