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China's Online Retail Market To Experience 15 Percent Growth Through

China's online retail market will expand at a CAGR of 15 percent in 2016 to 2021, reaching RMB 1.3 trillion in total value by the end of the period, according to Mintel. Data  revealed the country's overall e-commerce market grew from RMB 53 billion in 2011 to about RMB 626 billion in 2016, a CAGR of 64 percent. Also, 73 percent of online shoppers shop for imported products from local online stores, while only 27 percent shop from overseas retail websites. Mintel research also showed 31 percent of consumers purchase imported food from Taiwan, 36 percent buy wine from France, and 45 percent buy beauty and personal care products from South Korea.

"China’s online retail market is expected to reach RMB 1.3 trillion in 2021", Mintel, March 22, 2017

Target Will Start Selling Honest Beauty Products

Target said it plans to start selling Honest Beauty personal care and beauty products at 800 of its stores across the U.S. and through its target.com online store. Manufactured by The Honest Company, Honest Beauty products are marketed as derived from safe and botanical ingredients and producing “effective results.” Honest Beauty products fit Target's “better for you” collection of safe and effective brands and will be available starting March 26, 2017.

"Target Adds Jessica Alba’s Honest Beauty to Its Expanding Assortment", Women’s Wear Daily, March 22, 2017

Amazon Ramps Up Efforts To Expand Internationally

Online retailer Amazon is boosting its efforts to expand overseas. In Mexico, the company launched its Prime shipping service for a first-year subscription fee of $23, offering free same-day and one-day shipping. For China-based sellers, Amazon offers the option of using its air cargo service to send products to external markets. With data from L2 showing only 14 percent of e-commerce-friendly brands offering international shipping, Amazon is expected to have a significant advantage in competing in overseas markets.

"Amazon is Globalizing its Retail Empire", L2 Daily, March 21, 2017

Brand Consultant Says Walmart Can’t Match Amazon’s “Value Proposition”

Brand building consultant Denise Lee Yohn says Walmart’s current plan to “out-Amazon Amazon” is improving its e-commerce capabilities, which is a good thing, but in the long run it’s not a winning strategy. Offering free shipping on orders over $35, for example, makes the customer think about money with every online transaction. Amazon’s Prime members pay an annual fee and forget about it. Moreover, Prime gives members access to movie streaming, photo storage, music streaming, and early access to time-sensitive “Lightning Deals.” Walmart can’t compete with this “value proposition.” What it should do, Yohn says, is leverage its excellent physical distribution and retail network, improve the in-store experience, promote omnichannel shopping ...  More

"Walmart Won’t Stay on Top If Its Strategy Is “Copy Amazon”", Harvard Business Review, March 21, 2017

Walmart Creates Tech Incubator And Investment Arm

Walmart has launched its Store No. 8 tech incubator program, according Jet.com founder and Walmart e-commerce business CEO Marc Lore. Speaking at the Shoptalk conference in Las Vegas, Lore said businesses under the program will operate like startups, but will be supported by the retail giant and its vast resources. Store No. 8 will be managed by Seth Beal, Walmart's former SVP for global marketplace and digital operations and Jet.com executive Katie Finnegan.

"Walmart Launches Tech Incubator Dubbed Store No. 8", Forbes.com, March 20, 2017

 
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