Online marketplaces – the future of retail? Tofugear recently conducted a survey among 150 retailers in Asia and found that 70% of retailers that have ecommerce operations also utilise online marketplaces. This finding is perhaps not so surprising given the wide range of options available to retailers in Asia from leading Chinese platforms such asContinue reading “Online marketplaces – the future of retail?”
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Four things to look out for at RAE2018
Online marketplaces – the future of retail? The Tofugear Booth (powered by Microsoft) This year we have a bigger and better booth and we’re partnering with our buddies at Microsoft. Located within Hall 3FG, you can find us at G23 where we’ll showcase a unique demo of the Store of the Future and the opportunities it couldContinue reading “Four things to look out for at RAE2018”
Millennial Masterclass 2018 Recap
Millennial Masterclass 2018 Recap Four Key Takeaways from the Millennial Panel Offer more payment methods As mentioned previously in this blog, the panellists continued to voice their need for retailers to meet their preferred payment methods. A Chinese millennial mentioned the shift of WeChat Pay from China to HK and that the city needsContinue reading “Millennial Masterclass 2018 Recap”
Four reasons why social commerce is great for the Asian market
Four reasons why social commerce is great for the Asian market With the ever-growing usage of social media platforms such as Facebook, WeChat and Instagram, many retailers have embraced the usage of social commerce as an alternative way to expand their businesses. According to a recent study by payment giant Paypal, which surveyed over 1,400Continue reading “Four reasons why social commerce is great for the Asian market”
The Future is Accelerating
The Future is Accelerating Innovation labs are out, tech accelerators are in. Why are retailers investing in technology companies instead of pursuing innovation in-house? The trend Farfetch, itself a luxury fashion etail unicorn, has just launched a start-up accelerator named Dream Assembly in partnership with Burberry, through which it will make its expertise available to promising start-ups.Continue reading “The Future is Accelerating”
How McDonald’s is tech-savvier than most retailers
How McDonald’s is tech-savvier than most retailers In HK’s traditional retail landscape, the only consumer-facing technology is often an iPad with a lookbook to flick through, and all of a sudden a retailer earns itself a line in the press for being “tech-savvy”. (Newsflash, millennials did not even notice the iPad in the first place)Continue reading “How McDonald’s is tech-savvier than most retailers”