In China, rumours are abound that e-commerce giant Alibaba will continue to invest in publishing, in the UK, the Co-operative Groups lends a hand to local farmers and in the USA, Target gets ready to spend big money on e-commerce. Have a great day, and don’t forget to share.
asia & australia
Woolies gets downgraded Less than a week after naming Brad Banducci as CEO, the Australian food retailer’s credit score has been lowered one level by Moody’s. Their new credit score is Baa2 — two levels above junk, according to the ratings agency, and the outlook remains negative.
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Tesco accused of misleading The Advertising Standards Authority has banned the UK supermarket chain’s advertising for its Brand Guarantee scheme, labelling it “misleading”. The action comes as a results of Sainsbury’s complaint that the minimum 10 items shoppers must buy to qualify for discounts wasn’t clear enough.
Target focuses on e-commerce To ensure online sales don’t wane, the US retailer plans to spend nearly US$ 1.9 billion this year on capital products, most allocated to e-commerce and supply chain improvements. Starting in 2017, they plan to increase their yearly spend to about US$ 2 billion.
American Apparel improves payments In an effort to make in-store payments easier, safer and more efficient, the specialty apparel chain will deploy a cloud-based payments infrastructure from software provider Index. The infrastructure will mean that cardholders will be validated at the moment of the transaction and their data will be protected as it is processed.
Fashion fails on Facebook According to a study from strategic multichannel consultancy Practicology, fashion retailers are not “maximising the potential” of their social media presence. Of the 50 retailers surveyed, the Facebook pages of 28 didn’t provide customer service information and 18 retailers failed to respond to customer Facebook inquiries.
Location influenced fraud Where you live affects your likelihood of experiencing e-commerce fraud, according to a study by Experian. For billing fraud in the US, it was found that Florida is the riskiest state. Billing fraud states are determined by where the consumer whose information was used fraudulently lives.