Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Panasonic targets 8% smartphone market share in India Thursday, 16th May 2013
Photo credit: Panasonic
Panasonic reported that it is targeting to capture 8 per cent of India’s smartphone market within a year.
The electronics product company launched Panasonic P51 for RS 26,900, its first quad core enabled smartphone was built on Jelly Bean, Android’s latest operating system. It is reported to be one of the few luxury models with hava dual SIM slot.
Panasonic P51 features 8 megapixel primary camera including flash and a 1.3 MP front camera.
The company is also expecting to expand its smartphone range which managing director, Manish Sharma said to be 'power-packed' with features and will be fit for range of consumers from mid-tier to premium class.
From May onwards the smartphone will be available around national retail chain stores, multi-brand outlets and distributors across India.
AllSaints launches a film company Wednesday, 15th May 2013
Photo credit: AllSaints
AllSaints is launching AllSaints Film, a film production company which will annually produce multiple projects that concentrate and put light upon music, style and street influences through moving image installations and documentaries.
AllSaints Film will premiere with a documentary called ‘New Music City’, a film focusing on the Nashville music scene and the record label set up by the Kings of Leon. The project is dedicated to working with young and innovative film makers and will be under the guidance of Wil Beedle, chief creative director of the UK-based fashion label.
The film will premiere in May 21st 2013 on the brand's website as well as in-store at AllSaints’ Covent Garden, which has been converted into a screening room with seats specially flown in from Nashville music theatre.
Acclaimed for its sharp edge, directional clothing, the UK-based fashion label which started as a wholesale menswear brand that sold exclusively to high-end retailers was founded in 1994 by Stuart Trevor and Kait Bolongaro. The brand which is all about attitude, confidence and individuality now sells menswear, womenswear, footwear and accessories in 35 department stores with 65 stand-alone stores across UK, Europe and US.
Research finds ‘untapped opportunity’ for European retailers yet to embrace social media Tuesday, 7th May 2013
Photo credit: ASOS
Facebook Login integration is found to be twice as popular with European online retailers as with their US counterparts, a new study published by Betapond finds.
Betapond’s study, ‘Login to Boost Checkouts’, found 14.5 per cent of European online retailers implementing Login with Facebook, compared to just 6 per cent in the US.
By scoring the websites of 200 of Europe’s top online retailers against a best practice social integration benchmark, Betapond found European retailers as a whole are working harder to make their ecommerce offering a social one.
Online retailing darling ASOS topped the study, joined with Turkish brand Hepsiburada, with both companies achieving 79 per cent against the social criteria.
However, Betapond also found a high portion of retailers neglecting to their social ecommerce credentials, with 33 out of the 200 assessed offering no social elements at all.
Declan Kennedy, Chief Executive, Betapond, commented, “With the uptake among Europe’s online retailers still relatively low, there remains an untapped opportunity for retailers to take advantage of Login with Facebook and its many benefits.
“Retailers are beginning to recognise the huge opportunity Facebook presents in terms of personalisation and are increasingly looking to their social strategies as a way to gain competitive advantage. We predict that the uptake of Facebook Login among top European retailers will grow steadily throughout 2013 as we move into the next generation of social ecommerce.”
Barnes & Noble aim to make Nook tablets more appealing Friday, 3rd May 2013
Photo credit: Barnes & Noble
Top U.S. bookstore chain Barnes & Noble is looking to boost interest in its Nook device by offering access to Google Apps Store after dropping in sales last season.
The move will see the number of apps in Nook HD rise from 10,000 to 750,000, amongst which will include Google services such as Gmail, YouTube, Google Maps, and the web browser Chrome.
Speaking to CNBC, chief executive of Barnes & Noble, William Lynch said: “This deal is about plugging that gap. Consumers told us they wanted more apps."
As Nook made little progress against its competitors such as Apple’s iPad and Amazon.com’s Kindle, Barnes & Noble have decided to reverse the fall in sales by announcing that as of Friday Google Play will be installed in Nook HD and Nook HD devices.
Barnes & Noble went on to add that existing customers will have access to download the app through Nook’s online store as well as via automatic update.
Apple considering partnership with Beats Electronics LLC Wednesday, 6th March 2013
Photo Credit: My Retail Media
Apple Inc is reportedly in negotiations with Beats Electronics LLC about the possibility of a partnership involving Beats' online music streaming service which the audio technology company intends to debut later this year.
According to business news agency Reuters, several sources report that Tim Cook, Chief Executive of Apple and Jimmy Iovine, CEO of Beats Electronics LLC, attended a meeting in Los Angeles late last month to discuss Beats’ planned service and the possibilities of a partnership between the two companies.
Late last month, Beats revealed plans to launch a subscription based music streaming service named “Project Daisy”. With already existing services such as Spotify becoming increasingly popular, it is now reported that Apple, which currently dominates music sales through the iTunes store, is interested in entering the digital streaming market through a partnership with Beats.
With major companies such as Amazon and Google reportedly considering launching their own online streaming services, it is not surprising that Apple are also interested in becoming involved in this relatively new method of music retail.
Beats LLC was founded by music industry executive Jimmy Iovine and musician and producer Dr Dre. The company is known for its production of audio technology, particularly headphones.
Keeping ahead of the pack: e-Deals Summit looks to take retailers on a learning curve Tuesday, 26th February 2013
Retailers from across the industry are set to gather for the second e-Deal Summit next Wednesday 6 March at Skyloft, when Europe's only event for the ecommerce deal industry, examining the future of daily deals, flash sales, vouchers and coupons will kick off.
Billed as a day of learning, workshopping and networking, the second annual e-Deal Summit will feature presentations and discussions from Buyapowa, Barcalycard, Sony, Foursquare and EE, and look to cover everything from the flash sale model to the future of augmented reality and the Dos and Dont's of eDeals.
"Up until now a lot of retailers have been afraid to speak of working with eDeal competitions because it is so new. Brands didn't see the relavance." Raman Sidhu, eDeal Summit co-founder told My-Retail Media.
"The eDeal Summit will be a full day of learning featruing interactive panels, presentations and workshops, and will take attendees on a journey, starting with the basics of social engagement right through to the future of retail on mobile and measurabile return on investment on social, mobile and eDeals."
Tickets for retailers are currently offered at a reduced rate of £100 instead of £395 when using the promotional code RETAILDEAL. Click here to register and for more information.
Gap raises outlook for the year after bumper third quarter Friday, 16th November 2012
Image courtesy of Gap
Gap has raised its outlook for the year after reporting a third-quarter net income increase which smashed analysts’ expectations.
Net income for the quarter ended 27 October reached USD 308 million, up 60 per cent compared to USD 193 million reported in the same period a year ago. Third-quarter earnings per share were up 66 per cent to 63 cents, compared with 38 cents last year.
“We’re very pleased with our strong third-quarter financial performance, highlighted by how well customers have responded to our product,” said Glenn Murphy, Gap Inc.’s chairman and chief executive officer. “We are ready to compete and win this holiday season as we drive to build upon our top-line growth.”
Gap shares rose USD 1.22, or 3.7 per cent, to USD 34.48 in after hours trading.
British high street stalwarts face competition from US newcomers Tuesday, 23rd October 2012
Image courtesy of Marks & Spencer
Analysts at Morgan Stanley told the newspaper: “We have identified at least ten big US clothing retailers looking to use the UK as a bridgehead into Europe. We think this could profoundly change the competitive landscape.”
The bank also identified ten US-based retailers which are already in the UK or are likely to arrive in the next few years. Abercrombie & Fitch, Anthropologie, Banana Republic, Forever 21, Hollister, Urban Outfitters and Victoria’s Secret make up the retailers who have already made it to our shores, with potential new arrivals coming in the form of Aeropostale, American Eagle and J Crew.
Analysts said: “We believe it is very possible that they could capture 5% to 10% of the UK market over the next five years. Combined with further expansion from other international retailers already in the UK, this is likely to put considerable pressure on the domestic operators.”
Inter Parfums reports 8.6% sales boost Tuesday, 23rd October 2012
Image courtesy of Montblanc
Third-quarter sales at Inter Parfums SA are up 8.6 per cent to EUR 118.9 million.
Montblanc, Jimmy Choo and Boucheron each provided significant contributions to the success, with their respective revenues up 68 per cent, 45 per cent and 57 per cent in the three months ended 30 September.
For the first nine months of 2012 the company posted sales of EUR 327.8 million, a 20.3 per cent gain. Revenues were up 15 per cent.
Inter Parfums SA is set to release its 2013 targets on 21 November.
Amazon's Kindle HD device is top seller Tuesday, 23rd October 2012
Image courtesy of Amazon
Amazon has said that its Kindle Fire HD tablet is has remained the number one selling product on the company’s website since it hit the market just over a month ago.
The e-tail giant has not disclosed the exact sales figures, but a spokesperson for the company told Reuters that the top-seller status was based on unit sales.
This announcement comes ahead of the launch of a smaller, cheaper tablet from main rival Apple Inc today. The tablet, dubbed the iPad Mini, may challenge Amazon’s success at the low-priced end of the tablet device market.