Amazon.com's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its launch in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.
Designer Rahul Mishra, the new brand ambassador of Istituto Marangoni, has a dream. To employ one million people. With the help of Amazon, his fashion house already employs 700 people, and feeds some 5,000 folks.
Two major pieces of news this week have underlined the challenges facing Australian retail as Amazon makes its official debut and the owner of Australian fashion chains Katies, Millers and Rivers is to close 300 stores.
Some European Union members are resisting EU plans to raise the tax bill of tech multinationals, in moves that are likely to cause a public outcry after several disclosures of corporate tax avoidance schemes.
Amazon.com Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start date for sales in a country.
Emerging designers in LA will soon be able to list their labels on House of Fashion Brands (HOFB), an e-marketplace connecting designers with supply chains and buying partners for fast fashion mass market appeal.