In India, Flipkart and Amazon are accused of a copyright breach; Waitrose expands further in London and Starbucks has been voted the best place to work. All these stories and more feature in today’s RetailUpdate. If you enjoy this edition, don’t forget to share. Have a great day.
South Korea retail sales in recovery According to data from leading department and discount stores, retail sales in South Korea are in recovery mode post MERS — a virus that caused tourists to avoid South Korea and locals to stay home. Last month, total sales at department stores operated by Hyundai Department Store Lotte Shopping and Shinsegae Co increased 17.4 % year on year.
Flipkart & Amazon accused of copyright breach The two e-tailers have been accused by Surat-based saree manufacturer and retailer Siddhi Vinayak Knots & Prints of selling copies of its designs. Bhushan Mahadik, Siddhi Vinayak's lawyer, says Amazon and Flipkart sellers have even used Siddhi Vinayak photographs.
Lowe's beats expectations Buoyed by a continued housing market recovery, the home-improvement retailer has posted a pleasing third-quarter result. Lowe's earned US$ 736 million, or 80 cents per share, for the period ended October 30. This is in comparison to US$ 585 million, or 59 cents per share, a year ago.
Starbucks a favourite with employees According to a survey by CareerBliss, the coffee giant is the number-one employer when it comes to creating a happy workplace. Ace Hardware, Ikea, Apple and Barnes & Noble made the top five.
developments to watch
Fast delivery: Can retailers afford it? As competition intensifies, e-tailers, like Amazon, are investing more in improved delivery services. But how much is it costing retailers? CEO of Blackbay, Nigel Doust, says it’s a vicious circle.