Home / Knowledge / News / Textiles / 'New Retail' strategy Alibaba's focus in next 15 years
'New Retail' strategy Alibaba's focus in next 15 years
22
Aug '17
Courtesy: Alizilla
Courtesy: Alizilla
Alibaba executive vice chairman Joe Tsai has said that the next 15 years will witness the company executing the ‘New Retail’ strategy, wherein changes in consumer behaviour are anticipated and catalysed and the time, place and method of purchase and consumption will be different. The distinction between online and offline will disappear, he said.

Releasing the Alibaba Group’s June 2017 quarterly earnings recently, Joe said while e-commerce accounts for 15 per cent of total retail in China, 85 per cent is offline. “Whether this is just something to look at or presents tremendous opportunities for us, depends on our ability to innovate,” a company release said quoting him.

Alibaba is setting the standard for fulfilling the high expectation of consumers regarding spontaneity, convenience and speed with its scale, technology, consumer insights and ability to innovate, he said.

“With New Retail, satisfying ever-increasing consumer expectations is no longer an incremental game. It is a disruptive game, in the sense that you will have to disrupt e-commerce first and embrace the physical world,” he said.

The question that the company needs to focus on is how do businesses by creating synergy among the various units, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search