The head of Future Group, one of India’s largest and most established retailers, admits he can’t keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.
LONDON, United Kingdom — Dummies just got smarter. Three years after fashion retailers started outfitting mannequins with cameras to monitor shoppers, a London-based startup has devised models that can talk to customers - via their smartphones.
HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.
Mary Portas: from fast fashion to a more considered consumerism (Telegraph) “Three things have contributed to this: the financial crisis, the environmental situation, and the digital revolution… our obsession with fast fashion killed much of what was great about the British high street: experience, service and specialisation.” Sellers of affordable luxe set for share price gains (Reuters) “Many U.S. shoppers
Luxury market faces spending drought through 2020 (Luxury Daily) “The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020.” PPR Third-Quarter Sales Beat Estimates (Bloomberg) “Each of PPR’s luxury brands increased sales at least 10