LONDON – Tesco is planning to launch a new clothing site with the aim of replicating the success of online fashion stores such as Asos. The supermarket currently sells it own-brand clothing through its Tesco Direct site, however this is only for a limited number of lines. The new site will only sell own-brand lines […] ↓ Read the rest of this entry…
The Australian Retailers Association (ARA) said the expected interest rate cut of 1.0 percentage point will take three to six months to flow through the economy and is calling on the Federal Government to adopt a range of stimulus measures to accelerate consumer spending. ARA executive director Richard Evans said the retail market was still […] ↓ Read the rest of this entry…
HONG KONG — When McDonald’s sharply lowers the price of the Filet-O-Fish sandwich and double cheeseburger in China, one thing is clear: the global slowdown has truly arrived in the once-sizzling Asian economy. McDonald’s announced Thursday that residents of China, the world’s most populous nation, would now be able to feast on four new combo […] ↓ Read the rest of this entry…
SINGAPORE: From dresses to handbags, diamonds to music downloads, consumers in Asia are taking to Internet shopping as never before, making the region one of the world’s fastest-growing e-commerce markets. “I like to shop for clothes online because no sales girls will pester me,” said Cecelia Wang, a 23-year-old university student in Taipei who said […] ↓ Read the rest of this entry…
TAIPEI, Taiwan – Domestic convenience chain stores and fast food restaurants are joining a price-cutting war, triggered by fast food chains McDonald’s and Kentucky Fried Chicken, in March by slashing prices of their meal boxes, making office workers able to enjoy increasingly cheaper lunch meals. Family Mart convenience stores, for instance, will launch three new […] ↓ Read the rest of this entry…
Falabella S.A.C.I., a Latin American retailer with more than 200 supermarkets, department stores and home improvement stores throughout the region, plans to install a new point-of-sale in more than 1,700 POS lanes in its Supermarket Division in Chile and Peru as part of its push for state-of-the-art technology throughout its operations. The retailer will install […] ↓ Read the rest of this entry…
UK-based global home furnishing retailer Habitat has planned to open stores in the Middle East and Russia this year. As part of the plan, the company will open its stores in Moscow and St Petersburg in Russia showcasing Habitat’s Autumn-Winter 2009 collection. Further, the company will open stores in Dubai in September 2009, reports Retail […] ↓ Read the rest of this entry…
(Bloomberg) — Tesco Plc and Wal-Mart Store Inc.’s Asda, the two biggest U.K. supermarket chains, plan to cut prices for a second time this year as they battle to prevent discount competitors making inroads into their market share. Cheshunt, England-based Tesco will reduce the cost of 3,000 so-called every day items such as fresh meat […] ↓ Read the rest of this entry…
Raymond Apparel is planning to open 100 small stores exclusively selling its medium and supreme brand shirts…
Despite unfavorable economic conditions all over the world, the prospects for the retail software market look particularly promising in the emerging Asia Pacific and Central and Eastern European markets.
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