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

Tencent’s Pony Ma Says Retail Investment Grows Online Advertising, Mobile Payment

Retail investments benefit Tencent in three ways: mobile payment and related financial services, cloud development and advertisement, according to the tech giant’s Founder and CEO Pony Ma. Ma’s comments come as Tencent accelerates its investments in the retail sector, a move seen to rival and take market share from China’s largest retailer Alibaba Group. “People … More Tencent’s Pony Ma Says Retail Investment Grows Online Advertising, Mobile Payment

Shift to New Retail Imperative for Brand Success in China

A shift by brands to a New Retail model is imperative to remain relevant and competitive in China, according to a joint report from AliResearch and Bain & Co. The report, the most complete to date, offers a look at the blueprint for how companies and brands can seamlessly meld their online and offline channels, … More Shift to New Retail Imperative for Brand Success in China

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

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

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?