Research by HUBBED has revealed the retail and eCommerce industry is exposing itself to substantial loss in online sales due to a divide between consumer delivery expectations. Australians’ increasing appetite for online sales saw nearly $56bn in online retail over the last 12 months to May, which accounts for 14.7% of the nation’s total retail trade estimate.
Alibaba Group Holding Limited announces that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, ex-Chairman of Ernst & Young China, were appointed as independent directors to the board, effective August 4, 2022. The hires show the Company’s commitment to corporate governance excellence and diversity at the board level. The Company’s board now consists of twelve directors, including seven independent directors. The number of female board members increases to three.
The Australian Ecommerce Report 2022 by IAB Australia and Pureprofile found that while shoppers have been able to get back into physical stores, online purchasing for groceries and retail products has increased since last year with 83% of online shoppers buying monthly.
Catch, one of Australia’s prevalent online marketplaces, has announced the appointment of experienced eCommerce executive Brendan Sweeney as Managing Director. Brendan currently runs global eCommerce and Loyalty for the Cotton On Group and has significant experience both in Australia and internationally in leading retail eCommerce businesses.
Flip, the next-gen e-commerce platform combining a TikTok-like discovery experience with a premium e-commerce service, announced a $60m Series B funding round at a valuation of $500m. The funding round was led by WestCap with participation from previous investors Mubadala Capital and Streamlined Ventures, bringing the firm’s total capital raised to $95m.
Collectors, flippers and investors are driving a boom in the Aussie trading card market with data from eBay, revealing a 649% growth in sports trading cards like NBA and a 365% growth in collectible card games including Pokémon in the first three months of 2022. The uplift comes following COVID when sales of collectible card games went up 7,769% YoY in December 2020 thanks to a Pokémon resurgence driven by childhood nostalgia, people spending more time at home cleaning out their cupboards and the cancellation of live sports.
Boomi™, the intelligent connectivity and automation company, announced Munro Footwear Group (MFG) has created an integrated data foundation platform using the Boomi AtomSphere™ Platform to support its e-commerce transformation agenda. Munro Footwear Group (MFG), Australia’s largest privately-owned footwear company, offers an extensive portfolio of trusted brands such as Midas, Django and Juliette, Colorado, and Diana Ferrari.
Sans Drinks, Aussie’s first physical non-alcoholic bottle shop and online superstore, has selected Oracle NetSuite to support its mission to give people, healthier shopping choices. With NetSuite, Sans Drinks will be able to take advantage of an integrated business platform to support its expanded business by unifying finance, inventory, and sales data, including all client transactions from in-store at point-of-sale to ecommerce ordering and invoicing.
Zonos, the global technology firm for cross-border commerce, announced that they have appointed Tyson Hackwood as General Manager for APAC. Tyson Hackwood joins Zonos with a scope to scale the APAC business as demand for their cross-border tech continues to grow.
To encourage inclusive, resilient, and sustainable economic growth through empowering women, the B20 Indonesia Women in Business Action Council (B20 WiBAC) held a forum on the theme of Accelerating Inclusion of Women MSMEs in The Global Economy on June 17th.