Last year may have been a difficult year for retail in Africa but consumers still came in droves to Shoprite, which reported double-digit sales growth on the continent in the six months to December…
19 Jan 2017
The world's first LOUIS XIII boutique launched in Beijing on 20 September 2016. The boutique is housed at the seven-storey Beijing SKP luxury mall...
30 Sep 2016
BEIJING, CHINA: Software giant Microsoft said Wednesday that it pays Chinese taxes "consistent" with a China-US bilateral agreement, following a cryptic media report that a foreign company with similarities to it agreed to settle a multi-million dollar bill for back taxes...
28 Nov 2014
RIXEYVILLE, US: The direct sales industry has changed very little over the last few decades, incorporating new technologies as they have developed, rather than evolving their business practices to capitalise further on existing markets.
Henry Buell 20 Jun 2014
NEW YORK, US: Purchases of environmentally protective products have grown significantly in two of the world's leading markets - China and Brazil; but the widespread perception that these products are too expensive may be blocking deeper adoption.
21 Aug 2012
BEIJING, CHINA: China said Tuesday it has approved a plan by Wal-Mart Stores Inc. to gain control of a local online supermarket, but imposed conditions on the deal over concerns it could hinder competition.
15 Aug 2012
BEIJING, CHINA: The high profile of product safety scandals in China continues to dent consumers' confidence and loyalty in the hair care realm, as the market is repeatedly associated with chemical ingredients that are found to be toxic or carcinogenic. As a result, consumers are becoming more cautious when it comes to product choice. Indeed, according to the latest Mintel research, 81% of urban Chinese consumers* say they prefer to buy all-natural hair care products and 10% rate the presence of natural ingredients as their most important purchase influence.
Mintel Oxygen Reports 8 Aug 2012
BEIJING, CHINA: It's the largest beer market in the world and it seems that when it comes to its importance for manufacturers, there will be no half measures. Latest research from Mintel reveals that China's beer market grew by 29% in volume terms in the five years to 2011, to reach an all time high total volume of 50 billion litres for the first time in 2011.
22 Jun 2012
NEW YORK, US: Global consumer confidence increased one index point last quarter to 89, while Europe led confidence declines in 24 of the region's 27 measured markets, according to fourth quarter 2011 global consumer confidence findings from Nielsen, a leading global provider of information and insights into what consumers watch and buy.
8 Feb 2012
NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy.
9 Nov 2011
NUREMBURG, GERMANY: British consumers are facing the double whammy of still feeling the effects of recession even as rising costs fuel inflationary worries. They are not alone in the world, though, according to GfK Roper Consulting's 2011 Mood of the World Report, which is based on a global survey of more than 32 000 consumers ages 15 and older in 25 countries.
25 Aug 2011
BEIJING, CHINA: The use of social media for customer service by Chinese consumers has almost doubled in the last two years, as more and more turn to it as a viable alternative to the phone, research from Ovum has revealed.
© Ovum 2011 17 Jun 2011
NUREMBERG, GERMANY: Trust and familiarity are the key drivers in consumer preference for mobile payment services, according to a new study. The survey by GfK NOP, a global market research agency, covered nine countries (US, UK, France, Italy, Germany, Spain, South Korea, Brazil and China) and included 8603 online interviews, with each country's sample designed to represent their online population.
23 May 2011
LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.
Published by Verdict 9 Feb 2011
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011
LONDON, UK: Gone are the days consumers choose mobile phones based solely on their features and functions. New research by GfK shows that smartphone owners in key global markets buy into the 'experiences' created by the mobile ecosystem and the majority (56%) are 'keeping their options open', when deciding their next smartphone purchase.
3 Dec 2010
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010
LAUSANNE, SWITZERLAND: It's official. As of the second quarter of this year the Chinese economy has taken over Japan's as number one in Asia and number two in the world. This has been foreseen for a few years, hence it is not a total surprise; but it is a shock nonetheless. It upsets the status quo that prevailed for over a century.
Dr Jean-Pierre Lehmann 19 Aug 2010
A new global survey from KPMG has found that despite major concerns over privacy and data security, people around the world are rapidly adopting the mobile internet as an easy and convenient method of carrying out everyday transactions including banking and shopping.
30 Jul 2010