The road to global e-commerce success can be an uphill climb for retailers entering an international market for the first time. As a retailer seeks to establish an omnichannel supply chain and distribution network in new regions, there are compelling opportunities — and also challenges. One thing the industry agrees on: it's worth it.
Fast Retailing Co., the apparel retailer headed by Japan’s richest man, will open its first Uniqlo branded store in Indonesia by June and plans to add 10 outlets in three years to tap an expanding middle class. The new Jakarta store will be among...
Apple Inc. is planning to invest $3 million to build a retail store in Indonesia, the country's The Jakarta Globe reported Jan. 22, citing a statement from the head of the country's Investment Coordinating Board. Chatib Basri, the head of BKPM,...
H & M Hennes & Mauritz AB announced that it has decided to open its first store in Serbia, in the capital Belgrade, during autumn of 2013. Other new markets for H&M during 2013 are Chile, Estonia, Lithuania and via franchise in Indonesia.
Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that profit for the second quarter rose 23% to $750 million, beating Wall Street estimates and marking the strongest profit increase in seven quarters for Europe’s second-largest apparel retailer. H&M had announced on June 15 that sales for the quarter rose 15% to $4.5 billion, beating estimates and boosted by sales strength in the United States. The retailer said it will open seven to 10 stores called “& Other Stories” in 2013 and reiterated its plans to add about 275 stores this fiscal year, with China, the United States and
Rakuten, a Japanese e-commerce company, is leading a $100 million investment in Pinterest, with participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, as well as a number of angel investors. Many people may still be unfamiliar with the Rakuten brand, but it's an international e-commerce powerhouse that sees itself competing with Amazon.com. Rakuten owns Buy.com, Rakuten Ichiba in Japan, PriceMinister in France, Play.com in the U.K., Tradoria in Germany, Rakuten Brazil, Rakuten Taiwan, TARAD in Thailand and Rakuten Belanja Online in Indonesia, as well as e-book publisher Kobo.