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Retail News

China's timeless mom-and-pop investors 'endure' as stocks gyrate

Much of China's stock trading is conducted remotely via high-tech systems in banks and brokerages or on mobile phones, but the country's masses of mom-and-pop investors still cling to older ways.

Interview: Secure shopping online made easy Special

Token is a mobile app that enables you to shop securely by disguising your payment details. To understand how this works, and the advantages for businesses and consumers, Digital Journal spoke with Zohar Steinberg.

French supermarket boss hauled in over Nutella frenzy

Paris - The French government has implored supermarkets to refrain from the kind of promotion deals that have led to in-store scuffles over cut-price jars of Nutella, a minister said Wednesday.

Digital transformation journey of high street health food chain

London - The high street is changing and retailers that want to survive the disruption of on-line challenges need to embark on digital transformation projects. One company squaring up to the challenge is health food chain Holland & Barrett.

Sure signs of retail's digital transformation

Many consumers are used to the real-time, personalized world that the modern digital landscape. This is seemingly more so with retail than with other sectors. Five key trends show this in action.

Starbucks opens first cashless store

Seattle - Ubiquitous coffee chain Starbucks is to open its first cashless store as a pilot. The store is located in the company's birthplace of Seattle. If successful this alternative retail model could be rolled out to other coffee shops.

London store Harrods to remove Diana statue

London - London luxury department store Harrods said Saturday it was taking down a statue of the late Princess Diana and her boyfriend Dodi Al Fayed and returning it to former owner Mohamed Al Fayed.

French prosecutors urge Ikea espionage trial

Versailles - French prosecutors are pushing for Ikea France and 15 people, including police officials, to be put on trial on charges of spying on employees and customers, a source close to the inquiry said Thursday.

Lotte Group founder: rags to riches to prison term

Seoul - The nonagenarian founder of South Korean retailer Lotte Group went from rags to riches but faces the prospect of ending his days in prison after being convicted of embezzlement and other offences on Friday.

Founder of S. Korea's Lotte Group given 4 years jail

Seoul - The wheelchair-bound nonagenarian founder of South Korea's embattled Lotte retail conglomerate was convicted of embezzlement and breach of duty Friday and sentenced to four years in prison.

Simplifying travel planning through technology and AI: Interview Special

The way businesses and consumers book travel is set for further shake-ups as artificial intelligence becomes the norm. The process of planning travel is becoming simplified and easier.

Study: Old infrastructure holding back new in-store retail tech

The limitations of legacy infrastructure are forcing retailers to reconsider their plans for in-store tech. According to a study commissioned by retail software provider Zynstra, 98 percent of retailers would use more new tech if deployment was simpler.

Amazon claims record-breaking Australia launch

Sydney - Amazon's Australia launch was the company's biggest-ever opening day for orders, the US giant said Wednesday, but some shoppers were underwhelmed by the range of goods and prices on offer.

Black Friday sales have already passed $3.5 billion

Black Friday shoppers have spent more than $3.5 billion online. The deals have never been steeper. The demand for discounts and rise of online shopping could be a problem for some retailers if they fail to adjust their strategies.

Rebuilding the pharmacy from shop to digital: Interview Special

Washington - CaryRx is a pharmacy startup that has set out to rebuild the pharmacy concept from the ground up, through the use of a mobile app. To hear more about this next generation approach to pharmacies we spoke with company co-founder Areo Nazari.

Chinese consumers spend billions in 'Singles Day' shopping binge

Shanghai - China's smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on "Singles Day", billed as the world's biggest one-day online shopping festival.

In China's e-commerce boom, it takes a village

Xuzhou - Workers wielding screeching hand-held wood sanders toil overtime in Cheng Huaibao's bunk bed factory, rushing to prepare for the wave of orders about to break on manufacturing businesses like his across China.

Funfair operators block Paris over Christmas market row

Paris - Angry French funfair operators blocked major roads around Paris on Monday in protest at plans to axe the Christmas market on the prestigious Champs-Elysees because authorities deemed it tacky.

Amazon now lets you view items in your home using AR

Amazon has announced a new app feature that lets you view what items look like in your home using augmented reality. It uses Apple's ARKit platform to let you visualise online products inside your living area, helping you decide which one to purchase.

Croatia issues arrest warrant for retail giant chief

Zagreb - Croatian prosecutors said Saturday they issued an arrest warrant for the boss of ailing Balkans food and retail giant Agrokor, suspected of financial wrongdoing and currently outside the country.

The rise of cryptocurrency as an acceptable means of payment

Amsterdam - Should a business accept a cryptocurrency as a means of payment? This is a question that has its answer rooted in the particular business model. Certainly there are advantages for online businesses and this is a growing number.

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.
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A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New Y...
A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New York
With permission by Reuters / Lucas Jackson
Point of sale transaction
Point of sale transaction
oregon.gov
Michael Kors is one of several high-end retailers who recently reported poor earnings
Michael Kors is one of several high-end retailers who recently reported poor earnings
Mike Mozart
Holland & Barrett  King Street  Hammersmith  London
Holland & Barrett, King Street, Hammersmith, London
Edward Hands
A woman shopping in Manhattan
A woman shopping in Manhattan
Ed Yourdon
The NorthPark centre mall in Dallas
The NorthPark centre mall in Dallas
liangjinjian
Topshop is a subsidiary of Arcadia in the U.K.
Topshop is a subsidiary of Arcadia in the U.K.
thinkretail
Untitled
Dominic Alves
A Currys store in Northern Ireland.
A Currys store in Northern Ireland.
Ardfern
File photo: Jewelry store
File photo: Jewelry store
Mark Ahsmann
Most Americans don’t have a travel bucket list  according to a new survey.
Most Americans don’t have a travel bucket list, according to a new survey.
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Untitled
Official Ticket Center
A store advertising its sales
A store advertising its sales
the justified sinner
The store Desigual in Spain
The store Desigual in Spain
thinkretail
A Target store
A Target store
Ron Dauphin
Untitled
Kevin Dooley
Precision Jewellers in Windsor  Ontario
Precision Jewellers in Windsor, Ontario
Google Street View screenshot
Best Buy
Best Buy
Clive Darra
Journalist Caitlin Kelly provides a detailed account of the day to day life of someone working in re...
Journalist Caitlin Kelly provides a detailed account of the day to day life of someone working in retail, in her 2011 book entitled, "Malled - My unintentional career in retail," published by Portfolio - Penguin, New York, NY.
TJ Hughes department store in Liverpool  England
TJ Hughes department store in Liverpool, England
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