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Alibaba’s Business Model – How the eCommerce Giant Makes Money

Indigo 9 Digital

It launched in 2003 and provided an opportunity for China’s entrepreneurial class to reach China’s increasingly affluent consumer market. Taobao is the largest online shopping marketplace in China. Alibaba created China’s most popular digital wallet in 2003 to resolve issues of trust in the payment process between buyers and sellers.

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Terry White’s journey to becoming “Australia’s favourite chemist”

Inside Retail

Across our network of 500 pharmacies, we’re still trading at more than 10 per cent up on last year, which was up on the year before that. A big part of that is there are a lot of people now shopping in pharmacy who would not have considered shopping there pre-Covid. NM: There are some new trends off the back of Covid.

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How to Win in Retail: Less Science, More Art

Retail Prophet

E-commerce, which in 2003 amounted to a rounding error on most retailers’ profit and loss statements, has become table stakes for any business wishing to survive. Yet, despite all the investment in technological progress, too many retailers today struggle to stay afloat, grinding it out each day, one promotion at a time.

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Abercrombie & Fitch’s Turnaround, Why its Working

Indigo 9 Digital

After growing for decades Abercrombie & Fitch’s revenues peaked at $2.1 Charged with task of turning the brand around Horowitz made sweeping changes at Abercrombie & Fitch and they are working. Competition from fast fashion retailers and the rise of athleisure lured customers away. billion in 2012. With sales of $1.5

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The Benefits & Cons of Selling on Amazon, 10 Factors to Consider

Indigo 9 Digital

Selling on Amazon comes at a cost. Nike is an example of a high-profile retailer that decided to stop selling on Amazon in 2019. More than 200 million people shop on Amazon each month. Amazon’s traffic easily trumps that of any other retailer and it is important to have a presence where your customer is. The bad news.