Weekly Focus: South Korean Retail Giant to Produce New E-commerce Unit

Kim Kyoung-ho, who would head the brand-new department, said the new app would tap the company’s customer information to deliver enhanced services.According to eMarketer, South Korea’s e-commerce market deserved USD$ 35.58 bn(₤ 27.11 bn) in 2015 and the third-largest in Asia-Pacific, behind China’s USD$ 1.12 tn (₤ 853.37 bn)and Japan’s USD$ 38.15 bn( ₤ 29.07 bn)

Lotte’s e-commerce investment followed reports that the South Korean conglomerate was mulling strategies to sell some of its department stores in China, where it runs 5 shopping malls.

AU Post Purchases Parcel Processing System to Assistance Online Need

Australia Post has actually released a new parcel processing system to satisfy growing need for online shopping.The investment was

part of Australia’s AUD$ 300m( ₤ 169.16 m) dedication over the next 18 months to enhance the postal service.Located at its Strathfield site, the< a href=https://auspost.newsroom.com.au/Content/Home/Home/Article/Australia-Post-invests-in-Sydney-parcel-processing-to-meet-online-shopping-boom/-2/-2/6221 > brand-new automation equipment would be able to process up to 10,500 parcels an hour, boosting the Australia Post’s ability to support locals in New South Wales throughout the awaited spike in demand throughout the year-end festivities.Last year, the postal services operator provided more than 37 million parcels throughout the country simply for the month of December, consisting of a record 2.5 million parcels on a single day. And it was forecasting larger volumes this year.Australia Post’s group COO, Bob Black, stated the brand-new implementation belonged to the organisation’s ongoing efforts to support parcel demand growth, fuelled by regional customers’spending AUD$ 21.3 bn (₤ 12.01 bn )on online products in 2015. This was an 18.7% climb over 2016. Black said:”It’s obvious that online shopping in Australia is growing.

Customers are purchasing increasingly more online internationally and domestically and, as a result, we’re processing and delivering more parcels than ever before. “This brand-new automated machinery is great news for citizens in New South Wales, where our research study

reveals online shopping grew 21.1% last year. It likewise implies we’re offering a more secure working environment for everybody, with automation minimizing manual handling and the risk of injury.”Other brand-new systems and releases also were in the pipeline, consisting of an automated parcel shipment centre slated to

start operations in Chullora to support the year-end rush. New satchel and little packet sorters likewise would be set up in Brisbane and Melbourne, which together with Strathfield, would be able to process more than 40,000 parcels an hour.According to Australia Post’s ‘Inside Australian Online Shopping Report’, local merchants accounted for more than 80%of the country’s overall e-commerce invest last year. Online marketplaces such as Etsy, eBay, and Amazon grew 74.8%, while worldwide platforms such as Alibaba Tmall Global and JD.com provided Australian sellers access to international markets. In truth, overseas need accounted for 46.7%of the nation’s overall online spending in the previous two years.Singapore Startup Launches Location-Based Retail App Singapore startup WhereIsWhere has actually launched a mobile app that it says will allow buyers to recognize offered flash promotions, product and service offerings, and activities within a kilometre of their place. The location-based service presently has more than 1,500 locations in the country on its platform, including shops and shopping centers such as Millenia Walk, Kopitiam

, and Old Chang Kee.The app includes an interactive map and filters, such as preferred sellers, promo timings, and category lists, allowing users to search the closest outlets that use various products and services in addition to time-based offers.Consumers are likewise able to receive signals from their list of favourite retailers on their most current flash promos and offerings. This then drives curated push notices and live updates from the merchants based upon the customer’s chosen criteria, according to the Singapore startup.WhereIsWhere market advisor Michael Leong said:”With Singapore’s customers spending hours every day on their smart devices, we are dealing with their mobile-first needs. These consumers are flooded with material and info. We make their choices easier [and]

much easier, while bringing a component of discovery and excitement. WhereisWhere brings fantastic places, experiences, promotions, and shops within your area, or at any point on the map, assisting you to decide what to consume, shop, and do. “WhereIsWhere’s CEO and founder Terence Mak stated:”Consider us as Google Maps, however for finding and getting in touch with offers and activities nearby. Not just do our users discover lots of alternatives on exactly what to see and do, but they can also follow their preferred brands and receive real-time deals and flash promotions.”

The app can be downloaded totally free on Google’s Play Store and Apple’s App Store.Catch RetailTechNews’ interview with Mak for more on the company’s plans.The post Weekly Focus:

South Korean Retail Giant to Produce New E-commerce Unit appeared initially on RetailTechNews.