All tag results for 'retailers'

Online Spending Is Showing New Trends

More people might be shopping online, but each person is spending less on their purchases.

This past November and December, online transactions increased by 37%, however, the average purchase amount decreased by 9%.

The reasoning

[Image via AP Images.]

Tags: free shipping, increase, online, retail, retailers, shopping

Shopping In Paris Means Dealing With Irritated Salespeople

Paris might be known as the fashion capital of the world, but prepare yourself for rude sales reps if you decide to shop there.

The famed Avenue des Champs-Elysées, which features some of the biggest names in fashion, was ranked as number 22 in terms of customer service.

Reports showed that 40% of the time the sales staff seemed irritated to have to deal with customers.

Leslie Kambourian, an account director in charge of fashion and luxury at Presence,

[Image via WENN.]

Tags: fashion, irritated, luxury, paris, retail, retailers, rude, sales, shopping, stores

India's Shop Owners Go On Strike!

Small business owners in India are mad as hell about the government's new foreign retail policy, so they're going on strike.

Last week the Indian Cabinet decided to increase the single brand ownership cap from 51% to 100%, which would let big name retailers like Walmart, Ikea, Tesco and Carrefour to come into the country.

Since 90% of India's retail market are mom-and-pop shops, the decision could ultimately wipe out thousands of jobs, but the government doesn't see it that way.

Rajiv Kumar, secretary general

[Image via AP Images.]

Tags: carrefour, ikea, india, protest, retailers, small business, tesco, walmart

Prada Is Making Profits

While some retailers might still be hurting due to the poor economy, Prada has seen a jump in profits.

In fact, both Prada and Miu Miu helped Prada SpA earn a 74.2% jump in net profits as of July.

This year’s profits were at $256.7 million, while last year around the same time, profits were at $131.8 million.

Patrizio Bertelli, the company’s CEO, reveals:

"I am particularly satisfied with the results obtained in these six months, that confirm our expectations based on the Group's expansion strategy, which was presented to the investors during the road show leading to the IPO on the Hong Kong Stock Exchange.”

Congrats!

Tags: expansion, miu miu, prada, profits, retailers