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DUE to the Covid-19 pandemic and the resulting lockdowns in 2020, retail businesses had to scramble to go online in order to regain sales and survive, while work-from-home workers adapted to shopping online. Lazada Malaysia chief marketing officer Diana Boo noted that the online shopping platform saw a 300% increase in new sellers on-board last year, via its Pakej Kedai Pintar stimulus plan which aimed to assist local small and medium enterprises (SMEs) to sell online. “The overall digital economy has grown. We’re not the only e-commerce platform. There are many small businesses that have gone online. And even after the movement control order (MCO) was lifted, consumers continue to stay online, ” said Boo at the Smart Retail: Powering Nation’s Digital Economy two-day live virtual conference, held at end-March. ....
Bridging online and offline retailing as Malaysia moves beyond MCO thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
US-based Carlyle Group and Luxembourg-based CVC Capital Partners are believed to be the front runners in the race to acquire Trendcell Sdn Bhd, the owner and operator of high-end supermarket chain Jaya Grocer, say sources, after outbidding at least two other offers. It is learnt that the two private equity firms are negotiating to buy a part of, a majority, or the entire supermarket business of Trendcell, which rang up RM1.32 billion in sales in 2020, for as much as RM1.1 billion. The sale, if successful, will mark the exit of Asean Industrial Growth Fund (AIGF), which purchased a 45% stake in Trendcell in May 2016 for a reported RM300 million. Businessman Teng Yew Huat is the other major shareholder of Trendcell. ....
Retail and wholesale vital to Europe's recovery: EuroCommerceEuroCommerce director-general Christian Verschueren has emphasised that retail and wholesale play a pivotal role in driving… ....
PPIH has entered into a definitive agreement to acquire Gelsonâs Markets Increased delivery, pickup use hoists U.S. online grocery sales Fueled by a surge in delivery and pickup purchases, U.S. online grocery sales shot back up in January after declining from an early summer peak, according to the Brick Meets Click/Mercatus Grocery Shopping Survey. Online grocery sales totaled $9.3bln in January, up 15% from $8.1bln in the previous survey in November, Brick Meets Click said. Delivery and pickup orders accounted for $7.1bln, or 77%, of online grocery spending in January, up 16% from $5.9blnn, or 73%, in November. Ship-to-home sales held at $2.2bln from November to January. ....