Australian online shoppers have been given a 12-month reprieve from paying GST on items purchased from overseas retailers under the value of $1,000. One retailer says our politicians have been talked into delaying the tax by international retail giants like Amazon.
Last week shockwaves went through the grocery retail sector when Amazon purchased organic food chain Whole Foods Market. “Dreams can be powerful things,” says Whole Food’s CEO John Mackey.
On Friday, Amazon announced it will purchase US based organic and natural foods chain Whole Foods Market for US $42 per share valued at approximately US $13.7 billion in an all-cash transaction.
International sportswear brand Nike says it will slash roughly 1,400 jobs, as part of a strategy to expand its direct to consumer sales online, as e-commerce continues to shake up the retail sector of the global economy.
IKEA Australia has today launched the IKEA Virtual Reality store. The virtual store is a first for a large format retailer in Australia, providing a unique digital experience that allows customers to ‘walk’ the iconic IKEA store and browse products.
The finalists for the 2017 StarTrack Online Retail Industry Awards have just been announced in Sydney – who do you think made the cut?
With the retail landscape plummeting in the US and technology poised to wipe out millions more in the coming decade, Walmart says it will aim to be “people-led and tech-empowered.”
The 2017 BrandZ report has been unveiled, with retail leading the ranking in category value growth, increasing 14%, driven by e-commerce, with Amazon and Alibaba up 41% and 20% in value.
Swedish furniture and homewares group Ikea says it has plans to sell its merchandise on websites of third party retailers, which may include Amazon and Chinese rival Alibaba.