Canada's retail sales dipped 0.6% in February after growing 2.3% the previous month, largely on declines in auto sales, according to Statistics Canada. However, sales rose 0.5% excluding autos, gasoline and vehicle parts, and the agency revised 2016 sales upward to 5.1% after a stronger-than-expected fourth quarter.
Paying celebrities and social media influencers to tout its clothing on Instagram helped fuel a 51% jump in annual sales at UK-based online fashion retailer Boohoo, the company said Wednesday. The retailer booked 140% growth in the US.
Japan-based 100-yen retailer Daiso Japan will grow to five stores in North Texas with the opening of a new location next month. The retailer, which competes with dollar stores in three US states, operates upwards of 2,800 stores in Japan, in addition to its 600-plus international locations.
Brick-and-mortar appliance and home goods retailer Alapatt Super Shoppe will launch an e-commerce store in the Indian state of Kerala, with a plan to expand it to other states in southern India. The site, which will launch with 2,000 products, is the first traditional appliance retailer to go online in the state, the company said.
Online shopping in the United Arab Emirates has evolved over the past twelve years, expanding to include more products and extending from the professional class to blue-collar consumers. E-commerce site whoopey.com sells an affordable line of consumer electronics aimed at consumers who can't afford higher-priced name-brand products at the mall, said founder Saad Khan.
Chinese firm Xiaomi is expected bring its smartphones to the US market within the next two years, per company global head Wang Xiang. The brand is expected to face challenges as it attempts to enter the market, given its lack of brand awareness in the US and its online direct-sales model.
South Korea is aligning itself with major tech companies, including Samsung, LG Electronics, MDS Technology, SK Telecom and Samyoung S&C, to build a support network for smart home technology. "We can make the world's leading smart home industry with the combination of our home electronics industry, information technology, infrastructure and semiconductors," Trade Minister Joo Hyung-hwan said.
Retail is only in the early stages of using virtual and augmented reality, but many in the industry say widespread adoption could be here within a decade. STORES Magazine goes inside the digital world of AR and VR to see how companies are using them to dramatically change the customer experience, operate stores and develop products. Read more.