bricks and mortar Archives - Inside Retail Asia

Filipinos prefer traditional stores

Nine in 10 Filipinos prefer grocery shopping at bricks and mortar stores – not online. Nielsen’s Shopper Trends Report says 93 per cent of Filipinos prefer buying their groceries at offline shops. And eight in 10 check out all departments within the store when they shop. “The love for shopping is alive among Filipinos. They find joy in going up and down the aisles to check out grocery items,” says Lou-Ann Navalta, Nielsen’s shopper insights leader in the Philippines. “Retailers can …

Freecultr boosts offline presence

Indian online retailer Freecultr is increasing its bricks and mortar presence. Freecultr has recently opened stores in New Delhi at Kamla Nagar, Bungalow Rd and The Great India Place Mall, Noida. The online retailer says it wants shoppers to physically experience the brand’s existence, hence, the move into physical stores. Customers can touch and feel the quality of the products, try them on and buy their favourite products from the store or through the app and get it delivered to their do…

Indian online retailer expands offline

Indian online eyewear retailer Lenskart plans to open 100 bricks and mortar stores over the next two years. Currently, Lenskart has seven offline stores under franchise agreements. “The stores display a large range of eyewear. Customers can choose from them or those available on the website and place order online from the store, helping us expand our brand not just online but offline as well,” said Lenskart.com CEO and founder Peyush Bansal. Lenskart competes with local retailers Lawren…

Indian e-tailer goes offline

Indian online fashion retailer Freecultr plans to open bricks and mortar stores. Freecultr says it is planning to open stores at shopping malls including DLF Place in New Delhi, Elante Mall in Chandigarh and VR Surat in Surat. Part of the reason behind its expansion offline is to allow shoppers touch and feel the quality of the products, try it or use the “order bar” to buy products and have them delivered to their doors, it says. The investment of Rs50.4 crore (US$9 million) it got…

Beijing shoppers spend big online

Online retail sales in Beijing hit 63.73 billion yuan ($10.5 billion) during the first nine months of the year. That accounted for more than 10 per cent of the city’s total retail sales, says Beijing Electronic Commerce Association secretary general Lin Ya. Online retail sales growth has surpassed that of bricks-and-mortar stores, F&B and automative. According to Ya more and more shoppers in Beijing are turning to the web to make purchases. In 2012, the capital city has seen online …

Singapore designers, retailers link online

Reaching broader potential customers is now an easy thing for Singapore’s designers and retailers. Travelshopa (http://www.travelshopa.com), the first and only online community dedicated to local designers and retailers, is now changing the way shoppers discover local stores and brands. Travelshopa connects local retailers and designers across fashion, gifts and homewares with global shoppers. Whether shoppers seek bricks-and-mortar, online or pop-up stores, or exclusive shopping events, t…

Suning sets up California R&D centre

China’s largest retailer, Suning, has opened its first overseas R&D centre in Silicon Valley, California. The facility’s research will advance Suning’s offline-to-online (O2O) business model and bolster its back-office capabilities, which include big data, smart search, high-performance computing and internet banking. “Not only will Suning’s sustained, long-term investment in innovation and new retail technologies drive aggressive business growth, it will help transform China from the …

Grocers can be profitable online

Consumers around the world want to do more of their grocery shopping online, and this demand is fueling a market that is expected to grow to $100 billion by 2018. And according to researcher Boston Consulting Group, there are four fundamental elements to build a successful online grocery business: Don’t wait. Seize the opportunity now to lock in core customers and drive share. Avoid the costly last mile. Start out with the click-and-collect model and add home delivery only once sufficie…

Malabar Gold to go online

Indian jeweller Malabar Gold & Diamonds is turning to the web to boost sales. Malabar Gold says it plans to launch an e-commerce site along with expanding its network of bricks-and-mortar stores. It is targeting 220 stores and an annual turnover of about $6 billion by 2015. The jewellery retailer also plans expanding to markets including Singapore, Indonesia, Sri Lanka, Malaysia and Thailand. “With our ambitious expansion plan, we are fast changing the global ranking of the world…

Seizing China’s e-commerce opportunities

Global retailers not yet reaching out to Chinese consumers are missing out on a major growth opportunity. A new report from business consulting firm Bain & Company says with China’s total e-commerce spend soon to exceed that of the US, retailers who are not reaching Chinese consumers seamlessly across all channels are turning away sales. To take full advantage of the nation’s booming e-commerce market, Bain has provided five key success factors: Invest early. Leaders stay ahead of …

Offline is the new online

Don’t be constrained by the rules of how physical stores have always worked, says Jon Bird.