Alibaba Group has announced a strategic partnership with Chinese retailer Bailian Group, to explore new forms of retail opportunities across each other’s ecosystem.
New research conducted by Nielsen reveals that 75 percent of Australians aged over 18 are interested to buy from Amazon’s Australian website, with 56 percent likely to buy. Setting up shop in Australia could shake things up!
David Jones presented its half-year financial results last night, with its profit climbing just 1.6% to $106 million. As part of a turnaround plan, the department chain says it will be launching its new online retail store and a sophisticated new loyalty program later this year.
Etsy has announced its newly built online marketplace, Etsy Studio, with slick new features to streamline its online shopping and selling experience, including a new dashboard, shop advisor tool and advanced navigation.
The talk of Amazon coming to Australian shores has never been more rife than in 2017, as this is the year it’s speculated to happen. Amazon’s entrance could be a double-edged sword according to Nathan Huppatz and Ben Hare, who discuss what online retailers can do to prepare.
Kate Morris has announced the buy back of Adore Beauty, less than two years after selling a 25 percent stake to Woolworths, after realising that going independent was the best option moving forward.
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.