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Cyber attacks agains US retailers declined by as much as 50 percent since 2012, but the number of records stolen from them remains at near record highs, a new IBM study shows. IBM Security researchers recently reported that during the year cyber attackers…
India’s Big Bazaar is now present in more than 100 cities in India. The last store to be opened by the retail chain last December was the Rourkelo store in Orissa. In the last three months prior to the opening of its newest store, Big Bazaar also opened 17…
Ganesh Subramanian, Chief Operating Officer at Myntra.com, has been given a new responsibility as Head – New Initiatives with immediate effect. Confirming the development, Subramanian told BusinessLine: “As a company, we are thinking long term. Therefore, we…
American jeweler Tiffany & Co makes its first foray into featuring same-sex couples in its advertising with its new engagement campaign for 2015. A rep for the jeweler didn’t release the guys’ names because despite being extremely attractive, they are not…
Asia-Pacific will account for 41.4 percent of worldwide e-commerce sales and is set to overtake the US as the world’s biggest e-commerce market, the latest research by Worldwide Business Research (WBR) shows. The research was conducted as part of the 3rd…
Chinese e-commerce giant Alibaba Group Holding Ltd. and its financial-services affiliate have agreed to jointly invest about USD575 million in India’s One97 Communications Ltd.’s online-payment and marketplace businesses, a person familiar with the matter…
Global surf brand Billabong and its family of brands is positioning its supply chain to support transformation of its wholesale and retail businesses. Billabong said it will connect suppliers and trading partners in a cloud based network using the GT Nexus…
In the first fiscal quarter ended 30 November,, the Japanese clothing giant Fast Retailing has totaled revenues of JPY479.5 billion yen (USD4 billion) , an increase of 23 percent over the same period before . For the full year , the management estimates that…
Riding on high demand that outstripped supply, luxury car manufacturers Audi and Mercedes-Benz have ended 2014 with best-ever sales in their history in India. German carmaker Audi sold 10,851 units in 2014, compared with 10,000 in 2013, it said in a…
Mobile wallet may be a new concept, but Indians seemed to have adopted the mechanism faster than credit cards. While there are about 10-12 companies operating in the mobile wallet space, Noida-based Paytm has more than 20 million active users. The number is…
Coca-Cola Co. is axing at least 1,600 white-collar jobs globally as part of a cost-cutting push in response to sluggish soda sales. To view the full article (note: you must be a Wall Street Journal Online subscriber), visitThe Wall Street Journal Online. Lees…
As McDonald’s Japan struggles to repair its image, tarnished from last year’s expired meat scandal, two new incidents related to its Chicken McNuggets surfaced in restaurants in Japan in the last week, a company spokeswoman admitted Tuesday. She said a piece…
Made-in-China.com, a global trade commerce company, has grown its website traffic over 2000 percent using a managed cloud portfolio. The dedicated hosting solution from Backspace, which is part of its managed cloud offering, allows the company to have full…
What do you do if you manage a company that has just ousted its founder following a string of sexual harassment allegations? The answer is to ban workplace romances – at least according to the fashion chain American Apparel. The retailer has barred managers…
A new Zara store will rise in Inditex’s newly acquired 4,400-square metre commercial property in the heart of New York’s SoHo Cast Iron Historic District, one of the world’s best known shopping districts. The new store, to be located in a building at 503-511…
UK supermarket giant Tesco PLC has announced “difficult changes” to its business at the start of the year, including the closure of 43 stores, lower prices on the country’s favourite brands, flat investment in payroll, and significant revision to its store…
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