French-based Groupe Casino is launching a new convenience store chain in France and an American lifestyle brand targets China. Retail spending for October in the US rose at its slowest pace this year. These stories and more feature in today’s RetailUpdate. If you enjoy the read, don’t forget to share.
US lifestyle brand targets China In an effort to expand into China, US lifestyle fashion brand BCBC Max Azira has teamed up with e-commerce solutions provider VoyageOne. Through VoyageOne, BCBG Max Azria’s flagship line is now available to Chinese consumers on Alibaba’s Tmall.
Casino launches convenience stores The French retailer is about to launch Casino Shop, a convenience-store chain that will operate in France’s urban areas. Casino Shop is intended to be fast, easy and pragmatic and designed specifically for City dwellers.
More funding for Jet.com The online retailer has secured US$ 350 million in new funding and has verbal commitments for an additional US$ 150 million. This means that the company has now raised US$ 750 million, which will be used mainly to build its brand and attract customers.
trends to watch
Missing out on omnichannel returns Most large retailers offer omnichannel return capabilities, which means buy online and return instore. However, according to a new study of 25 major retailers by StellaService, most retailers are missing opportunities.
Google trialling SMS service Several start-ups such as Magic, Fetch — even the well-established Facebook — are trialling message-based virtual assistants that make buying easier. Now Google is getting on board with its own SMS-based alerting service.