American Retail Industry Fearful As Trade War Escalates

The trade war initiated by the Trump Administration escalated Wednesday April 4 with China adding tariffs on an additional 106 products worth up to $50 billion annually. The new tariffs mostly target basic agricultural products, including pork, soybeans, cotton, and wheat, but also include plastics, whiskey, tobacco, and vehicles. These new tariffs build on an … More American Retail Industry Fearful As Trade War Escalates

Banking on Lunar New Year Travelers, Harrods Launches WeChat

Harrods has partnered with Tencent’s strategic partner My Money to roll out the WeChat digital payment system at Harrods Knightsbridge and its airport retail stores, just in time for the Lunar New Year holiday. WeChat pay is ubiquitous in China. It allows users to instantly send money to their contacts or, by scanning a QR … More Banking on Lunar New Year Travelers, Harrods Launches WeChat

How Alibaba’s ‘new retail’ is changing the future of retail in China and the world

At Alibaba’s 2016 Computing Conference, Jack Ma focused his speech on five areas that are being transformed by technology. The list included new finance, new manufacturing, new technology and new energy with new retail at the center. Alibaba wants to use data and technology to transform retail, including offline retail, which accounts for 82% of … More How Alibaba’s ‘new retail’ is changing the future of retail in China and the world

Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba has taken another step in its quest to build a new retail empire. The Chinese tech titan announced today that it will invest approximately RMB 5.45 billion (around $866 million) for a 15% stake in Easyhome (居然之家), China’s leading home improvement supplies and furniture chain operator. Alibaba will support the digital transformation of Easyhome’s … More Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba amps Up New Retail Strategy with Home Improvement Chain Easyhome Investment

E-commerce giant Alibaba Group Holding Ltd. said on Sunday it will pay 5.45 billion yuan ($865 million) for 15% of one of China’s leading traditional home improvement chains, extending its strategy of combining online and offline retailing. The investment in Beijing Easyhome Furnishing Chain Store Group Co. Ltd “underscores Alibaba’s commitment to furthering the new … More Alibaba amps Up New Retail Strategy with Home Improvement Chain Easyhome Investment

WeChat launches first pop-up store in Shanghai

WeChat, China’s leading messaging app, has launched its first cashier-less pop-up store in Shanghai, Yicai.com reported. The company, developed by Tencent, has teamed up with more than 300 merchants, including EasyGo and EllE, as well as shopping mall The Mixc to build up its first pop-up store, also known as flash retailing. The latter is … More WeChat launches first pop-up store in Shanghai

“Unattended Retail” – lost gem or the future?

Everyone remembers the old vending machines in restaurants, gas stations and public venues. Now you can find them also in retail, sometimes even in unmanned retail. However, it’s not anything new. I remember visited Rivender‘s unmanned store even in Forssa, Finland (Read my tweet here) a while ago. In South Korea they are part of … More “Unattended Retail” – lost gem or the future?

Global Recovery of Luxury Market Will Take On New Trends

The global personal luxury goods market is set to rise six percent at constant exchange rates this year after a stagnant 2016, and the total market value is about to hit 262 billion Euros (USD$304 billion). The latest prediction is up from Bain’s mid-year forecast, which estimated a two-to-four percent growth of the sector to … More Global Recovery of Luxury Market Will Take On New Trends