Spyderbilt Indonesia Online Shopping
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- In Indonesia, Online Sales Of Apparel, Home Products And Media Surge - Euromonitor
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In 2015 Indonesian online shoppers for the first time may spend more on apparel and footwear than on consumer electronics. Moreover, the apparel/footwear category will continue to grow much faster in the coming four years, according to a report of the research company Euromonitor International. As in many other developing countries, consumer electronics have customarily been responsible for the largest chunk of online purchases in Indonesia; last year Indonesians spent IDR 3, 063 billion ($247 million) buying mobile phones, TVs, computers and other gadgets online and only IDR 1, 880 billion ($151 million) on apparel and footwear. But Euromonitor forecasts that the IDR 3, 803 billion to be spent on apparel and footwear this year will edge out IDR 3, 447 billion spent on consumer electronics. Part of the growth is due to new online entrants specializing in a particular line of clothing, footwear or accessories. By 2019 Indonesians may be spending IDR 18, 325 billion on apparel and footwear, more than four times the level expected in 2015.
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Zalora has adopted it as well. Other well-established Indonesian stores like Gramedia, Carrefour, Disc Tara and Electronics City also have added online sales. The big news this year, however, was the vow by the Lippo conglomerate, the biggest shareholder of Matahari Department Store, to invest $500 million in the next few years with the aim of becoming the country's leading e-commerce player. The online brand will be the MatahariMall, whose website made its official debut this month. The sprawling Lippo group is controlled by t he Riady family, which ranked eighth last year on Forbes Asia's richest Indonesians list, although the family name may be familiar to Americans for other reasons.
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It also was published way back in April. I didn't write about the report then because it didn't address the impact of April 2014 Indonesian legislation on foreign investment nor did anyone at Euromonitor seem aware of the "new negative list" at the time. Provisions of the new law drastically limited foreign participation in online retail as well as content websites, as I mentioned in a September 3 post on Moxy, a Thai e-commerce site that has just entered Indonesia. Moxy's regional CEO wasn't bothered by the new ownership restrictions of the law; he didn't even seem aware of it. Other people familiar with commercial laws and practices in Indonesia have told me in recent months that the 2014 law might be modified or that its restrictive FDI provisions conflict with the incentives offered by the government investment board. It's also probably significant that the Tokopedia marketplace, landed $100 million from a group of investors led by SoftBank Interbank in October 2014, six months after the passage of the legislation.
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In Indonesia, Online Sales Of Apparel, Home Products And Media Surge - Euromonitor
They did put up the signs for where it would be had the day been clear. Once I checked out the observation deck, I headed inside to quickly see what's available in the shop before my tour. I was given the audio guide and a notebook to aid in with my tour. The distillery will allow photos with the exception of the video at the beginning and pictures of the notebook. The video did have a theme of "time" to it noting that it takes time for the snow from Mount Fuji to melt, filter through the mountains and become the water used at Kirin, the time required to pass the methods for distilling to the next generation, and the time for the whisky to age. The tour was okay and you're able to see everything. You won't go in the factory, but there's a hallway overlooking the factory specifically for the tour. Unfortunately, the audio guide wasn't as thorough as the one at Hakushu and a lot of information was basic information on distilling. The differentiating factor is that you're about to see the bottling process and all the machinery used for bottling.
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Mothers starting to look for a very special outfit to wear to their daughter or son's wedding usually contact us saying they don't want to look like a "typical mother of the bride or groom ". The image conjured up by "typical" seems to be of a taffeta clad lady squeezed into a ruched dress with bolero jacket and looking a bit formal and uncomfortable. If this is what you have in mind you will probably want to leave this site here. However if you are looking for an elegant, softer more relaxed and younger look then you are in the right place. The outfits below are all individually made to measure and you can mix them up to suit your own personal style. Size is no problem as your outfit will be made over three to four fittings to your measurements. Having your outfit individually made for you may be a little more expensive but many consider it well worth it too get the resulting look and confidence it gives. This is an investment piece and most of our designs can be worn over and over again as they don't look like "typical Mother of the Bride outfits".
Japanese investors tend to be more risk averse than others. But I digress. In terms of revenues by brand, Rocket Internet's Lazada overtook domestic retailer Bhinneka to occupy the number one slot in 2013. While Rocket's Indian startups are foundering, last year Lazada's site pulled far ahead in Indonesia, generating almost 30% of all online retail revenues. Lazada's sister apparel brand, Zalora, was in second place in 2014, with 6%. Bhinneka had slipped to third place, responsible for almost 4% of all revenues. Bhinneka is a longstanding bricks-and-mortar store that pioneered online retail sales in Indonesia with a heavy concentration on electronics products. Although the Euromonitor report didn't specify the revenues, Lazada's six-country revenues were $153. 4 million in 2014; Lazada achieved that by dropping the pure retail strategy last year and allowing other companies and brands to sell directly from their own niches on the Lazada sites. That's the marketplace model of Tokopedia, Blibli, Rakuten and many other sites in Indonesia.
Because of its large population and steadily growing middle class, Indonesia has been the region's e-commerce flavor of the year, so it's interesting to see the where the trends are pointing in the next few years. The next three categories with the fastest anticipated growth--more than 20% annually--are all related to household upkeep or improvement: home care, home improvement/gardening and home furnishings, Euromonitor forecasts. Spending on "home care" products, which include cleaning products and insecticides, only amounted to IDR 113 billion in 2013 but almost tripled, to IDR 305 billion, by 2014. Another fast-growing category is "media products, " which include music, games and books in both physical and digital forms. Back in 2009 Indonesians spent a bit more than IDR 109 billion on this category; sales since have been growing more than 30% annually, reaching nearly IDR 579 billion in 2014. An abridged version of the report, Internet Retailing in Indonesia, drew on official Indonesia statistics, trade associations, trade publications and Euromonitor's own interviews and research.
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