Nike Inc. has agreed to sell some of its products directly to Amazon, a concession by the sneaker brand to reduce the number of counterfeit Nike products sold on Amazon, and one that shows it can no longer afford to ignore the online retail giant.
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Prinitha is the Editor of Power Retail. She has an editorial background in digital and newspaper publishing, news and sports presenting, as well as PR in politics. Prinitha is passionate about fashion, lifestyle, health and wellbeing, loves adventure and enjoys a bit of retail therapy to complement her personal style.
David Jones has unveiled its plans to target a growing generation of food-obsessed shoppers, with a $100 million investment into gourmet food as part of its strategy to survive in today’s unsettling retail environment, by fusing leisure and shopping.
As Catch Group continues to cement its position as a key player in Australian e-commerce, the company today announced the expansion of its business with the launch of its new luxury travel site, Bon Voyage.
Woolies is now shipping its homebrand merchandise to China at heavily inflated prices, in a new deal struck with online retailer Kaola.com. Woolworths says the listed price point however, is out of its hands.
Two Goldman Sachs executives talk about the different measures of success in e-commerce, and why the marriage between bricks and mortar and online could be where the success lies, although it all depends on the vertical and the product.
While Amazon buying Whole Foods Market doesn’t directly affect Woolworths, it does however highlight a very real threat posed to it when Amazon spreads its wings further in Australia in coming months.
Australian fashion and accessories retailer Oroton has announced it is considering selling the company or raising capital following approaches from potentially interested buyers.
Australian online shoppers have been given a 12-month reprieve from paying GST on items purchased from overseas retailers under the value of $1,000. One retailer says our politicians have been talked into delaying the tax by international retail giants like Amazon.
Last week shockwaves went through the grocery retail sector when Amazon purchased organic food chain Whole Foods Market. “Dreams can be powerful things,” says Whole Food’s CEO John Mackey.
Walmart will pay $310 million to buy fashion e-commerce brand Bonobos. It’s clothing, however, won’t be sold in Walmart stores, but instead made available on its online marketplace Jet.com. Walmart will also learn from Bonobos.