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GUEST COMMENT: Ecommerce knowledge vital to government’s multichannel growth plans
by Phil McGriskin Business secretary Vince Cable recently placed retail at the forefront of the government’s plans, stating that it “has an important role to play” in developing the UK’s multichannel, export-led growth. Speaking at Retail Week Live, Cable stated that the government will assist up to 1,000 businesses to grow internationally by 2015. It is extremely promising to see the government encouraging retailers ...
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Asos says £1bn turnover is within sight as it prepares to launch in Russia and China
Asos chief executive Nick Robertson today said £1bn in annual sales was “firmly in our sights” as he reported a 34% first-half boost to turnover at the fashion etailer, while profits grew by 19%. The company has won approval to extend its Barnsley warehouse by 25% next year, giving it the capacity that it will need if it is to meet its £1bn sales target by 2015. Asos ...
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UK retailers set to grow online overseas sales sevenfold to £28bn in 2020: study
UK retailers will grow their overseas online sales by more than seven times to hit £28bn in 2020, up from £4bn in 2012. That’s the prediction of a new study from OC&C Strategy Consultants, working in collaboration with Google, who predict that international online sales will grow three times faster than domestic sales and will make up 40% of all online sales by 2020. In 2012 that ...
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M&S launches ‘world first’ virtual rail as centrepiece of Netherlands strategy
What is billed as the world’s first virtual rail is the centrepiece of a Marks & Spencer [IRDX RMSP] e-boutique that opened its doors in Amsterdam this week. The e-boutique is part of a 500 sq m multichannel M&S store on Amsterdam’s Kalverstraat that follows in the footsteps of M&S’digital-driven Cheshire Oaks store (pictured). The new Amsterdam concept ...
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Tesco launches online shopping in Thailand
Tesco [IRDX RTSC] has launched its online grocery shopping service in Bangkok. The new service will enable customers in the Thai capital to order from a range of more than 20,000 products for home delivery, including grocery, fresh food and non-food. The launch takes forward Tesco’s strategy of international and ecommerce expansion. Tesco Lotus is the grocer’s second largest business outside the ...
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How to Start Your eCommerce Business in China
China has become the leading emerging market for many Western brands and retailers. For many businesses, the growing spending power of high-income consumers and the middle class in China has become a compelling growth engine. For luxury brands, China is already a huge growth market, and many Western companies have had a brand presence in China for many years, albeit often with counterfeit products and even whole counterfeit stores. But as the economy grows ...
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China set for fast online growth as the ‘superpower’ of ecommerce
Online sales in China are set to power ahead over the next five years, a new report from Forrester suggests. Meanwhile, sales in India will also grow base from a small base, though sales in Japan, South Korea and Australia will be more representative of mature markets.
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