Wednesday, November 23, 2011

China expected to become world's largest e-commerce market

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23 November 2011
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  • Canadian retailers face holiday season dilemma
    Retailers in Canada must make a decision about whether to reduce or maintain prices. If merchants offer promotions, they could trigger a downward spiral, but they risk driving off customers if they hold the line. Reuters (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  • Research shows consumers not as ethical as they think
    Consumers who claim to be committed to "ethical," Fair Trade shopping tend to purchase major brands even when fair trade products are available, according to new research. "Consumers are not taking their ethical concerns to the checkout," said Maxwell Winchester, a marketing academic who conducted the study. "A majority of consumers will confess to having strong ethical attitudes and practices including boycotting, but the reality of their actual behaviour was shown to be otherwise." The Telegraph (London) (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • India reportedly to decide on FDI in retail soon
    India's cabinet is expected to decide within weeks whether to open the country's multi-brand retail sector to foreign direct investment, a source said. The move would allow major retailers, such as Carrefour and Wal-Mart Stores, to operate in India. "A decision on the issue is only a matter of weeks [away]," the source said. Reuters (23 Nov.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • China expected to become world's largest e-commerce market
    The Boston Consulting Group has released a report showing that China likely will become the largest online retailing market in the world within the next few years. The US currently holds the title, but China's e-commerce market is forecast to grow at a compound annual rate of 33%. "The affordable and widely available Internet across the country, the rapid growth in the number of Chinese consumers shopping online, and the relatively low cost of logistics are driving the growth of China's e-commerce industry," said Waldemar Jap, a partner at BCG. China Daily (Beijing) (23 Nov.) LinkedInFacebookTwitterEmail this Story
  • Australia's Harvey Norman launches online store
    After years of resisting the idea of opening an online retail site, Harvey Norman has bowed to pressure and launched Harveynorman.com.au. Consumers can buy a range of items, including iPads, bathroom tiles and couches from the new site. Australian IT (23 Nov.) LinkedInFacebookTwitterEmail this Story
Inside-ERP experts have new research on the state of the ERP market today. Read this brief to understand the ERP market and how it affects your business. Whether you're considering a new solution or just want to see what’s changed, our brief has you covered. Download the report now!
  Spotlight on Luxury Goods 
 
  • Faberge re-enters London after nearly 100 years
    The luxury jewellery company Faberge has opened a store in London. "We are thrilled to open the doors to the first Faberge boutique in London since 1915. This is an important moment for us and for Faberge to continue Peter Carl Faberge's legacy of exquisite creations and outstanding craftsmanship," said Katharina Flohr, managing director at Faberge. The move shows how certain markets in Britain appear to be unaffected by the economic downturn. The Telegraph (London) (21 Nov.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • Retail best practices guide: QR codes
    Placed on everything from print and outdoor ads to in-store signage and hang tags, QR codes are everywhere these days. If you're in need of ideas on how to leverage Quick Response, or QR, codes in the most meaningful way, take a look at Shop.org's most recent addition to the white paper library where Demandware identifies best practices in using this emerging marketing vehicle to provide content such as video and product information, as well as converting offline buyers into Web buyers. Download the white paper. LinkedInFacebookTwitterEmail this Story
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