article thumbnail

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.

article thumbnail

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

Inside Retail

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. That’s happening at a time when attracting frontline health workers or even attracting frontline retail workers has never been more challenging. NM: There are some new trends off the back of Covid.

Shopping 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. They refe to retail not as commerce or shopping, but as “entertainment.” But the shift is bigger than consumer-facing innovations.

article thumbnail

Abercrombie & Fitch’s Turnaround, Why its Working

Indigo 9 Digital

The brand’s discriminatory behaviour did not go unnoticed and in 2003 Abercrombie & Fitch was sued for racial discrimination by a group of employees and rejected job applicants. There were customers that shopped at Abercrombie & Fitch precisely because they liked the club vibes and feeling like they were one of the cool kids.

Fashion 98
article thumbnail

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

Indigo 9 Digital

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. If there was a mall where most customers shop, think of the biggest mall in any city, wouldn’t a retailer want to be located there?