Home > Uncategorized > China’s e-commerce jumps 30% in first half of 2015

China’s e-commerce jumps 30% in first half of 2015

FierceRetail September 22, 2015
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Today’s Top Stories
1. Target gives employees Fitbits, fitness challenge
2. Kohl’s ramps up digital initiatives, same-day delivery
3. Circle K consolidates stores under one brand
4. Hhgregg boosts technology displays in Florida markets
5. China’s e-commerce jumps 30% in first half of 2015

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EMV’s time has come, but despite the October fraud liability shift deadline and the big security advantages to consumers and retailers, it’s unclear how much it will be noticed. The big retailers are on it. Target made a point of reporting that it was ready with the point-of-sale equipment and an educational effort. Walmart also appeared ready in a recent store visit.

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Today’s Top News

1. Target gives employees Fitbits, fitness challenge

By Jacqueline Renfrow Comment | Forward | Twitter | Facebook | LinkedIn

In an effort to help keep its staff healthy, Target (NYSE:TGT) is handing out Fitbit activity trackers to more than 300,000 employees. The big-box retailer also still gives workers extra discounts on fruits and vegetables.

Target is pushing its agenda to promote wellness for both employees and customers under the leadership of CEO Brian Cornell, who took the helm just over one year ago.

The new partnership with Fitbit is one of the biggest corporate accounts for the company, KFox14 reported. As part of the program, employees get grouped into teams for a one-month challenge. The winning team will get $1 million to give to a charity of their choice. Each member of the team gets a Fitbit Zip, which retails for $59.95.

As a new healthier choice for consumers, the big-box retailer is also adding healthy grab-and-go snacks at the checkout stands.

Target joins a slew of retailers that are pushing for a healthier image. For example,CVS Health (NYSE:CVS) has pushed for healthier options and stopped selling cigaretteslast year, also changing its name to reflect the brand image. The two retailers recently teamed up as Target agreed to sell off its pharmacies to CVS Health for $1.9 billion back in June.

“This is really becoming a lifestyle. It’s not a trend,” Marshal Cohen, chief industry analyst for NPD Group, told KFox14. “What you’re looking at is retailers beginning to catch up to the consumer who has already changed.”

For more:
-See this KFox14 article

Related stories:
Target employees form company’s first union
Target’s digital strategy remains guest-focused
Target’s Cornell: Lilly Pulitzer was ‘Black Friday‘ in April
Retail clinics hit 10 million annual visits
CVS rolls out updated app

Read more about: Health Initiatives, Target
back to top

2. Kohl’s ramps up digital initiatives, same-day delivery

By Jacqueline Renfrow Comment | Forward | Twitter | Facebook | LinkedIn

Kohl’s (NYSE:KSS) is ramping up its omnichannel and digital initiatives to enhance the customer experience. Improvements include new shopping tools on the Kohl’s app, enhanced mobile payment options, and a test of same-day delivery.

First, a new mode was installed in the Kohl’s app, which will provide a more personalized experience for consumers while in-store. Shoppers can opt in to the store mode, allowing them to search inventory and find special promotions, such as Kohl’s Cash and coupons.

Second, Kohl’s will now accept Apple Pay both in-store and through the Kohl’s app. Consumers can also quickly and securely pay across all digital channels with Visa Checkout, available on Kohls.com and mobile devices.

Other improvements include the option across all channels to buy online and pick up in-store (BOPIS). Previously only available on a computer, customers can now choose this option via smartphone. BOPIS rolled out nationally at Kohl’s earlier this spring.

Finally, Kohl’s will be testing same-day delivery for online purchases. Customers in pilot areas can select same-day delivery and their order will arrive later that day.

“Kohl’s is committed to providing our customers with an easy, convenient shopping experience in a way that is personalized and engaging—no matter how each customer prefers to shop,” said Kevin Mansell, Kohl’s chairman, CEO and president.

“Our digital teams are continually testing new ideas and capabilities to create a world-class omnichannel experience that is seamless across devices. With each evolution, we aim to elevate our offerings for an easy, inspiring shopping experience.”

Kohl’s is in the midst of a three-year comeback plan that includes a makeover of its e-commerce services.

For more:
-See this Kohl’s press release

Related stories:
Kohl’s mobile wallet now 30% of mobile traffic 
Kohl’s streams NY Fashion Week, ties to e-commerce
Kohl’s expands active, wellness solutions
Kohl’s is a woman’s favorite apparel
Kohl’s now featuring Juicy Couture brand

Read more about: same-day delivery, Visa Checkout
back to top

3. Circle K consolidates stores under one brand

By Jacqueline Renfrow Comment | Forward | Twitter | Facebook | LinkedIn

International convenience retailer Couche-Tard is making Circle K its solitary, global brand. The new, modified Circle K brand will replace existing Circle K, Statoil, Mac’s and Kangaroo Express stores and service stations.

The stores undergoing the change are located across the United States, Canada, Scandinavia, Central and Eastern Europe, as well as licensed stores throughout Asia.

Couche-Tard will retain the founding brand name in the province of Quebec in Canada only. The global Circle K brand will begin rolling out in the United States in January of 2016. The change will being in Europe in May and other Canadian provinces in May of 2017.

“Circle K is a brand that is already popular with huge numbers of our customers and employees,” said Couche-Tard President and CEO Brian Hannasch. “Today we are setting out to make it easy for existing and new customers in more countries than ever before to prefer Circle K as their destination for convenience and fuel, with a fresh new look and feel and even better products for people on the go, always combined with fast and friendly service.”

Circle K is already Couche-Tard’s largest brand, spanning thousands of stores in 14 countries.

Sales at U.S. convenience stores continue to rise, hitting a record $204 billion in 2013. Permeating the market, these quick-stop stores make up 34 percent of all retail outletsin the country.

Unable to deny their popularity, big-box retailers are even trying to mimic their success. For example, last year Walmart (NYSE: WMT) debuted its first Walmart To Go store, a smaller-format store with the grab-and-go mentality.

For more:
-See this Couche-Tard press release

Related stories:
Walmart debuts first Walmart To Go convenience store
Convenience stores makes up 34% of all US retail outlets
Convenience store sales hit record $204B
Best Buy, 7-Eleven disable NFC
Walmart debuts first Walmart To Go convenience store

Read more about: Brian Hannasch, convenience stores
back to top

4. Hhgregg boosts technology displays in Florida markets

By Jacqueline Renfrow Comment | Forward | Twitter | Facebook | LinkedIn

Hhgregg (NYSE:HGG) is hosting a grand re-opening to unveil its new store designs in several Florida markets.

The redesign of the appliance, electronics and furniture retailer—just in time for its 60th anniversary—includes a new setup where products are put into a home-like space, rather than stacked against walls.

In addition, the new Florida stores will include a Samsung Open House shop, a store-within-a-store that allows customers to experience the brand’s electronics.

Another technology display is the Samsung Centerstage, an interactive, 8-by-7.5-ft. touch screen that displays appliances in life-size form using photos, videos and information. In addition, embedded video screens on Samsung’s ActiveWash shows the visual imagery of how the washer works.

“Customers want to be inspired when they are shopping, as if they are leafing through the pages of their favorite home design magazine,” said Dennis May, hhgregg’s CEO. “They also want the most sophisticated products and technology at their fingertips. We think we’ve done both by partnering with Samsung to kick off our Grand Reopenings in the Orlando and Tampa markets.”

Hhgregg is not the first retailer to test mock-up home displays as Target (NYSE:TGT) and Sears (NYSE:SHLD) have both recently opened similar home showrooms.

For more:
-See this hhgregg press release

Related stories:
Target opens connected home showroom
Sears opens IoT showroom in Silicon Valley
Pirch to open design showroom in New Jersey
Interactive Samsung shops open in 200 Best Buy stores
‘Black box recorder’ resolves hhgregg’s e-commerce issues

Read more about: Samsung, Hhgregg
back to top

5. China’s e-commerce jumps 30% in first half of 2015

By Jacqueline Renfrow Comment | Forward | Twitter | Facebook | LinkedIn

China’s e-commerce continues to show strong growth as the country reported a 30.4 percent growth in the first half of the year.

According to the China E-commerce Research Center (CECRC), the widespread use of smartphones, mobile payment options and 4G networks are major drivers in accelerating that growth, Women’s Wear Daily reported.

Online retail sales, both business-to-business and business-to-consumer transactions, were up 48.7 percent, or $252 million dollars. This means that 11.4 percent of all Chinese sales in the first half of the year were e-commerce sales.

The e-commerce site to bring in the most money was Tmall, capturing 57.7 percent of the market. In second was JD.com, grabbing 25.1 percent of the market and Suning, accounting for 3.4 percent of the market.

Although direct-to-customer sales were strong, business-to-business still dominated in China, accounting for $910 million in transactions, 28.8 percent of sales.

Cross-border e-commerce in China is also on the rise, up 42.8 percent in the first half of 2015. Over the summer, Walmart (NYSE:WMT) acquired the outstanding shares of Chinese e-commerce retailer Yihaodian. With full ownership, Walmart plans to invest in its e-commerce growth and further consumers’ omnichannel experience.

“Cross-border e-commerce is showing a lot of momentum, it’s developing vigorously. More and more cross-border e-commerce companies will jump on this bandwagon, and we will see a substantial increase in international market influence on China’s e-commerce,” CECRC analyst Zhangshou Ping told Women’s Wear Daily.

According to eMarketer, Asia-Pacific e-commerce is poised to grow 25 percent in the next five years.

For more:
-See this Women’s Wear Daily article

Related stories:
Asia-Pacific e-commerce poised to grow 25%
Walmart expands presence in China’s e-commerce, acquires Yihaodian
Walmart’s e-commerce up 17%
Walmart’s counter-Prime Day sale increased in-store traffic
JD.com reports record 15 million orders in 24 hours

Read more about: Business-to-consumer, China

Categories: Uncategorized
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