Woolworths Follows Macy's, Costco With Plans for Tmall Shopfront
- Online retail in China forecast to reach $1.5 trillion by 2020
- Australian supermarket chain engages eCargo to build site
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Woolworths Ltd. is setting up shop on Chinese online site Tmall.com, following the path of overseas retailers including Macy’s Inc. and Costco Wholesale Corp. as Australia’s largest supermarket chain attempts to reverse declining earnings.
Sydney-based Woolworths has engaged eCargo Holdings Ltd. to build a storefront on Alibaba Group Holding Ltd.-owned Tmall, as well as coordinate inventory, packing and distribution, eCargo said in a statement to the stock exchange Tuesday.