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Retail News

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 been called out as one of the leaders of digital transformation in the retail sector. The company has undertaken a host of digital innovations, from reward schemes to online pay and collect ordering.

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.

Amazon preparing to banish fake products during 2017

Amazon has announced a new initiative to eradicate fake products and counterfeit sellers from its site. The retailer will introduce new policies that will make it harder for traders to sell fake goods on the site. It is also revising its reviews system.

Iceland v Iceland: UK supermarket hits back in name row

London - British supermarket Iceland on Friday hit back at Iceland the country after Reykjavik said it was suing the retailer over use of the Nordic nation's name.

Chinese spend billions on Singles' Day

Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion.

Concrete beach lures Chinese to world's largest building

Chengdu - Claiming to be the world's largest building by floor space, the 1,760,000 square metres of the New Century Global Center are a monument to growing Chinese consumer power, packed with shoppers -- and beach bathers a thousand kilometres from the coast.

Bangladesh garment industry fears for future after attack

New Delhi - The horrific slaughter of diners at a Dhaka cafe has fanned fears that surging Islamist violence may imperil the giant garment industry in Bangladesh, which built its economy on cheaply supplying fashion to the world's big-name brands.

Ikea recalls millions of dressers in US, Canada after child deaths

Washington - Furniture giant Ikea said Tuesday it was recalling more than 35 million chests and dressers in North America after six children died in the United States when they tipped over.

China's Cultural Revolution, now highly collectible

Shanghai - At the "East is Red" shop in Shanghai, every nook and cranny is packed with memorabilia of China's Cultural Revolution, from small badges of Chairman Mao Zedong to gigantic posters of his iconic image.

Hundreds of Bangladesh garment factories still not safe: Group

Dhaka - Only 24 of nearly 700 clothing factories inspected in Bangladesh meet international safety standards, a group of major brands said Wednesday, three years after a deadly building collapse exposed the hazardous state of the nation's workplaces.

Moscow bulldozes 100 'illegal' shops

Moscow - Moscow city authorities early Tuesday bulldozed some 100 buildings housing small shops and cafes which they said violated municipal law, putting thousands of people out of work.

Ukraine wants an Ikea, 'symbol' of anti-corruption fight

Stockholm - Ukraine's economy minister pleaded Wednesday for Ikea to set up shop in his country, saying it would show Kiev was serious about fighting the corruption that reportedly caused the furniture giant to ditch a previous Ukrainian foray.

China escalator swallows toddler's mother: Report

Bejing - A woman was killed after she plunged through flooring over an escalator in a Chinese department store, reports said Monday, thrusting her toddler to safety as she fell to her death.

French retailer apologises for insulting its 'stupid' customers

Paris - French high-tech retailer Boulanger apologised Saturday for vitriolic comments about its customers in its computer files and promised an internal investigation.

Greek bank shutdown cost economy 3 billion euros: Report

Atenas - The three-week shutdown of Greek banks has cost the country's struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.
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