ASEAN COMMUNITY OF ENTREPRENEURS
TRENDSETTER
R
etailers have been hit with
massive slowdown at all
fronts. High cost, sagging
sales and fierce e-commerce
competition have caused
loads of retailers to either ship out or
close down.
With cautious consumers not
spending much at brick and mortar
stores – not to mention the spiraling
rental cost – one really wonders
how retailers are able to survive the
onslaught of global uncertainties.
I’m sure you read the recent
news of Alibaba buying into Lazada.
The world’s largest online retailer
is ever expanding its empire to sell
more of its goods and services directly
to consumers through its global chain
of suppliers.
40
How Retailers
Are Able to
Up Their Sales
During Tough
Times?
ASEAN COMMUNITY OF ENTREPRENEURS | ISSUE 2 : 2016
BY HANZO NG