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Year: 2016

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  • 2016 Archives
20 April

Follett has acquired Baker & Taylor

  • Categories Retail News
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“You are either a consolidator or you get consolidated,” said Ray Griffith, Follett’s president and chief executive. “Follett and the board of directors, which are members of the family that has …

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20 April

Yoox-Net-a Porter strategies in Middle East’s luxury market

  • Categories Innovation & Technology
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The Dubai Mall claims to be the most visited destination in the world. It reported some 80 million visitors in 2014, which it says made it more heavily trafficked than …

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19 April

Sainsbury’s hires 150 digital experts for improving its position

  • Categories Innovation & Technology
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Sainsbury’s is hiring 150 digital and technology experts to help improve its online store as it finalises the buyout of Argos. The team, who will work out of an existing …

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19 April

Aldi confirms its Australian expansion

  • Categories Retail News
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Construction at the supermarket’s Jandakot Airport Distribution Centre is also complete and will begin receiving stock from next month. “This is an exciting time for the Aldi business and for …

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15 April

Vente-Privee buys Spanish fashion ecommerce site Privalia for ~$560M

  • Categories Innovation & Technology
  • Comments 0 comment

Barcelona has just clocked up its biggest ever exit. The price-tag on the sale of veteran Spanish ecommerce player Privalia, headquartered in the city, to France’s Ventee-Priveehas not been officially disclosed but recent rumors swirling about …

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14 April

Wal-Mart ties with ChannelAdvisor to boost online assortment

  • Categories Innovation & Technology
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The deal should make it easier for the thousands of retailers and vendors that are working with ChannelAdvisor to get their products on Wal-Mart’s website. Wal-Mart has made expanding its …

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14 April

Alibaba to Invest $1 Billion in E-Commerce Startup Lazada

  • Categories Innovation & Technology
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Chinese Internet Alibaba Group Holding Ltd., in its biggest overseas acquisition to date, said Tuesday it would pay about $1 billion for a controlling stake in Singapore e-commerce startup Lazada Group, …

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14 April

Facebook’s Zuckerberg takes the long view and finds a political edge

  • Categories Innovation & Technology
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Much of his big picture was concerned with the use of AI-based chatbots to underpin new commerce features, and how Facebook’s Messenger app is the vehicle to deliver them. “We …

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14 April

Mc Donalds is planning to open 2,800 restaurants in North Asia

  • Categories Retail News
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McDonald’s Corp  is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in …

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13 April

AskmeBazaar to launch market places for fresh food delivery and medicines

  • Categories Innovation & Technology
  • Comments 0 comment

Through these initiatives, which will go live in the next three months across 38 cities, a customer can order daily essential food items from local retailers and store chains, and …

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