Electronics retailer JB Hi-Fi doesn’t seem too phased by the fragile retail environment, posting a record 31.7 percent increase in its half-year net profit after tax, of $125 million. Online sales performed well, with a 40 percent rise over the period.
French cosmetics giant L’Oreal is considering selling multichannel beauty retailer The Body Shop, just ten years after it acquired the skincare brand, following an examination of “all strategic options.”
Australia Post have announced an expanded relationship with Chinese e-commerce giant Alibaba, to strengthen trade between Australian businesses and millions of consumers across South-East Asia.
Shockwaves have been sent through the retail world this week, with yet another two fashion companies going into administration. Herringbone and Rhodes & Beckett are the latest fashion victims.
Seattle based Amazon is contemplating a two-storey automated grocery store where a staff of robots who operate on the upper floor, grabs and bags items for shoppers below, and requires as little as three humans.
Alibaba Group’s executive chairman Jack Ma attended an opening ceremony for a new office in Melbourne over the weekend, that will serve as headquarters for Alibaba’s operations in Australia and New Zealand.
Swedish furniture retailer Ikea is expanding its e-commerce operations in Australia , launching online shopping and click and collect in North Queensland mid-April this year.
E-commerce giant Amazon has revealed its plans to build an air cargo hub in US Kentucky, which will help support its growing fleet of Prime Air cargo planes.
There were lots of gizmos, new ideas and doodads at this year’s National Retail Federation’s conference in Manhattan last month, but what you couldn’t find there was Amazon.
It’s clear that eBay’s e-commerce strategies over 2016 worked, as the company reported sustained growth across key metrics in its 2016 fourth quarter results.