Last week, Arcadia Group CEO Sir Philip Green announced that he had taken a 25 percent stake in Mysale.com, an Australian flash-sales site aiming to reach revenues of about $300 million this year. "[It's a] very, very interesting space. I like the business model, and the reverse season," Green told Women's Wear Daily. The site owns only
Retailers are moving quickly to open new markets, enticed by double-digit growth and the global scale of international e-commerce. The appetite for U.S. brands is strong around the world, and the desire to shop online is growing at a tremendous clip.
Experian Marketing Services, a global provider of integrated consumer insights and targeting, data quality and cross-channel marketing, today announced the release of its global holiday email study. The study includes an examination of more than 100,000 email campaigns sent by more than 1,000 brands across 10 markets, including Australia, China, France, Hong Kong, India, New Zealand, Singapore, Spain, the United Kingdom and the United States, between October 2012 and the end of December 2012. For many retailers, the holiday season generates the highest amount of revenue.
JOHANNESBURG ( ) - Australian clothing retailer Country Road, a unit of South Africa's Woolworths, will buy local rival Witchery Group in a $181 million deal that broadens its offering in upscale apparel. Witchery Group, which is being sold by by private equity firm Gresham, operates 210 stores under the Witchery brand and 96 bag and jewellery stores under the Mimco brand. Country Road, which is 88 percent-owned by Cape Town-based Woolworths, said on Wednesday it would fund the 172 million Australian dollars deal through debt and equity. It will borrow A$92 million from banks and raise a similar
HONG KONG, Feb. 7, 2012 – Walmart announced today that Greg Foran, senior vice president for Walmart International, has been named president and CEO of Walmart China. Foran will relocate to China, pending work visa approval, and assume his new role effective March 1. A thirty-year retail veteran, Foran joined Walmart in October 2011. Prior to that, he grew his career in New Zealand and Australia from a part time job stocking shelves to head of Woolworths’ Supermarket Division. Foran held several senior roles within Woolworths including General Manager of Big W, the company’s discount department store division, and
Puget Sound Business Journal by , Staff Writer Eric Engleman Staff Writer The U.S. Patent and Trademark Office is confirming Amazon.com's controversial 1-Click patent following a re-examination that lasted more than four years. Amazon's 1-Click has come under a lot of fire over the years from critics who question whether such a broad technology should be patented at all. It refers to the process by which online shoppers make purchases with a single click, having previously entered their payment and shipping information. The re-examination of Amazon's 1-Click patent was triggered back in 2006 when a New Zealand actor raised