1. Amazon’s Prime Now service starts delivering test drives from Hyundai
Amazon has partnered with Hyundai to offer test drives of the 2017 Elantra through a new program called “Prime Now. Drive Now.” Instead of having to visit a dealership, Prime Now customers in select markets can go online and book a 45 to 60-minute test drive from 9 AM to 7 PM. A “trained expert” will then bring the car to your location.
RELATED: Amazon to add hundreds of jobs at second fulfillment center in Coppell
Amazon is opening its eighth fulfillment center in Coppell, Taxes. The company has employed more than 10,000 people in Taxes and plans to hire hundreds of people more at its Coppell facility.
2. Korean fashion brands in Zalora pop-up
Seventeen South Korean designer brands are showcasing their products on the pop-up store on regional online fashion site Zalora. Southeast Asia is emerging as the next eCommerce market after China. This effort marks South Korea’s first marketing activity targeting the entire Southeast Asian region.
3. John Lewis plans £9m beauty hall expansion
Department store John Lewis is investing £9m in expanding its beauty category as face creams, makeup and perfumes outperform fashion. The investment will bring in new up-market brands and increase the size of its beauty departments in key regions. Sales of color cosmetics in the UK have risen by a third in the last five years.
4. Global eCommerce Market Expected To Reach $781 Billion By 2024
Transparency Market Research’s study estimates that the global eCommerce market will grow at an annual rate of 20.6 percent from now to 2024 to more than $781 billion. With the growing global marketplace, the global eCommerce logistics business is booming. DHL has invested $137 million to expand its distribution center in the U.S., while FedEx has also pledged to increase capital spending to expand its global eCommerce distribution network.
5. As China e-commerce booms, private equity sees room for growth in storage space
As China’s ecommerce sector has grown rapidly in the past years, demand has far outpaced supply. Logistics has become a bottleneck. China should have far more modernized warehousing space in the longer term. Warehousing and logistics services, therefore, have become more attractive to investors. For example, Canada Pension Plan Investment Board (CPPIB) has committed $2.6 billion to China’s logistics market, including a $1 billion investment unveiled late in 2015 in a venture with Goodman Group. Warburg Pincus-backed e-Shang has grown into one of the largest logistics providers for e-commerce companies including JD.com.
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