Millennials Shunning Malls Speed Web Shopping Revolution

Millennials prefer shopping online | Source: Lawrence Randall

NEW YORK, United States — CJ Chu is a retailer’s nightmare. The 24-year-old associate for a private-equity firm does “99 percent” of his shopping online — even toothpaste. He’d rather buy groceries on the Web than walk to the supermarket.

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Stores Still Critical to Wooing Men, But Leaders Re-Wiring for Digital Age

Gucci Brera boutique in Milan | Source: Gucci

In the age of e-commerce, physical flagships are still critical to engaging male luxury consumers, though market leaders are integrating their online and offline presence to create new digitally enhanced stores.

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India Likely to Announce Foreign Investment in E-Commerce Next Month

Source: Reuters

NEW DELHI, India — Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.

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EBay Forecasts Sales That May Miss Estimates Amid Amazon Rivalry

Ebay offices | Source: David Paul Morris/Bloomberg

SAN JOSE, United States — The world’s biggest online marketplace said sales in the current period will be $4.33 billion to $4.43 billion. Profit before certain items will be 67 cents to 69 cents a share. Analysts on average projected revenue of $4.4 billion and profit of 70 cents, according to data compiled by Bloomberg.

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Amazon Introduces Dash Device for Adding to Online Shopping List

Amazon Dash Wand | Source: Amazon

SAN FRANCISCO, United States — Amazon.com Inc. unveiled a new device that customers can use to add items to a shopping list by scanning barcodes or speaking the name of the product, in the e- commerce company’s latest push into consumer hardware.

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Alibaba’s IPO Architect Lays out Blueprint for E-Commerce Empire

Source: Reuters

HONG KONG, China — Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.

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