The report also stated that the country will reach KRW/263.5 trillion ($242.2Billion) in 2025. The major reason behind this is that the country is backed by the robust technology infrastructure that enables high-speed internet, which is backed by the tech-savvy customers.
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Customer Loyalty in Retail: Technology Trends
Customer loyalty has now become a very hard thing to get for any retailer as customers these days have an abundance of options to choose from when shopping in the highly competitive retail market. Global Data Thematic Research highlights the key technology trends impacting the customer loyalty theme.
Destination Korea – In just a click!
Korikart brings in a flavour of Korea right to our doorstep. This marketplace brings multiple Korean favourites, all at one place. Brands like The Saem, Plan 36.5, Jin Ramen, Mustaev, The Face Shop, Innisfree, Etude House and many more are just a click away on Korikart. Korikart has certainly gained many followers since inception, but how does the brand continue to carry on the excitement with new additions and its impeccable services. Here’s unraveling their story!
In this exclusive interaction with IMAGES Retail, Lalit Agarwal, Chairman & Managing Director of V-Mart Retail Ltd talks about the recovery from pandemic losses and the future of omnichannel retail. Excerpts:
ADIDAS ENDS ITS 15 YEAR SAGA WITH REEBOK, SELLS OFF THE BRAND TO ABG
German sports giant, Adidas has made it official that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration.
KEARNEY PREDICTS INDIAN E-COMMERCE DOMAIN TO HIT $40 BILLION MARK BY 2030
The e-commerce sector is emerging in a big way in India and keeping in mind the boom and the growth of this sector, the global consulting rm Kearney came up with a report titled “Value e-commerce: The Next Big Leap’s Indian Market” highlighting the growth story of the e-commerce industry in India. As per the report and its findings, India will soon represent an e-commerce market valuing US $40 Billion. This growth comes with the growing consciousness towards value.
Superplum, a start-up backed by some of Silicon Valley’s most notable investors, is addressing Indian agriculture’s issues by building the country’s most sophisticated supply chain for fruits and fresh produce in the country. The company is bridging the gap between the farms and consumers by digitizing the fresh fruit industry.
Shopping Malls: Building A Social Connect
COVID has accelerated technology transformations in retail, but that’s not all. The pandemic has changed the facets of retail across segments, markets, channels and shopping malls too. Today malls are no more just a place to shop, but they have turned into ‘social spaces’.
SOUTH KOREA E-COMMERCE MARKETPLACE TO SURPASS $242.2 BILLION: GLOBALDATA
As the e-commerce trends continue to improve worldwide ahead of the pandemic. The Global Data reports stated that South Korea’s e-commerce market ranked among the top e-commerce marketplaces.
Surviving The PandemicLessons Learned In Online Retail
To understand the challenges and new lessons, roadmaps and constraints related to transformed e-commerce and Omnichannel retail, this session of the ‘Omnicomm Intelligence Series’, discussed the necessary changes and themes basis a roundtable session. The fourth episode revolved around a discussion on the topic ‘Surviving The Pandemic-Lessons Learned In Online Retail’.
Warehouse Leasing to Touch 100 Mn sq.ft. Over the Next Three Years; E-Commerce and Third-Party Logistics to Drive Growth: CBRE
Against the backdrop of robust growth of manufacturing, e-commerce, and third-party logistics (3PL) sectors, the report highlights how Industrial and Warehousing (I&W) activity has gained momentum over the past few years in India
FUNKY ELECTRONICS CHAIN FRY'S IS NO MORE
Fry’s Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good.
''Digital transformation of the insurance industry accelerated during the pandemic''
Gopal Balachandran CFO, ICICI Lombard General Insurance
‘UPSIZING' COULD BE A MAJOR TRAVEL TREND: GLOBAL DATA
Many travellers may spend more than usual on their next trip with the money they saved during the pandemic
Meat Alternatives are Here to Stay
Consumer expectations are growing when it comes to meat alternatives – and convincing texture is crucial for success
Is Women's Health Gaining Momentum?
In Express Pharma’s Women’s Day Special issue, some industry observers and pharma stakeholders share insights on opportunities, challenges and focus on women’s health segment as it continues to evolve and advance
HOW CLOUD COMPUTING WILL ACCELERATE DIGITAL TRANSFORMATION IN A POST-EPIDEMIC ERA
LI SHI, PRESIDENT OF CLOUD AND AI BUSINESS GROUP, HUAWEI MIDDLE EAST, DISCUSSES HOW DIGITAL TECHNOLOGIES SUCH AS CLOUD COMPUTING AND AI WILL ENABLE ENTERPRISES TO SUCCEED IN A POST-EPIDEMIC ERA.
Global Malls Reopen, Adopt New Strategies to Survive Pandemic
From adopting the online route to increase sales to launching sales and in some cases even converting into mixed-use apartment buildings, malls across the world are trying it all to stay in the game…
When empathy matters in the business sense
If there’s one lesson that’s emerging very strongly from the pandemic then it is that empathy may be more than just a social or personal virtue. It could actually translate into higher for sales for brands who closely understand customer challenges and address them meaningfully.
Bata India Implements Reopening Strategy As Government Ease Lockdown Restrictions
As the lockdown eases, fashion businesses are searching for ways to continue to carry out regular business. With central and state governments imposing strict regulations on non-essential retail when allowing them to reopen to limit the spread of the virus, stores will have to comply with regulations and might even come up with additional voluntary initiatives. In a webinar organised by Retailers Association of India, Sandeep Kataria, CEO, Bata India shares his company’s approach while reopening temporarily closed stores...
HIV first-in-class pipeline sees high levels of innovation that targets drug resistance and latency reversal
There are 87 first-in-class products that act on a range of 50 molecular targets, which can broadly be classified as host or viral factor