Report: M-commerce market to reach $467 billion in 2019
Dallas – The global mobile commerce market will grow from $116.1 billion in 2014 to $467.3 billion in 2019. According to a new report from MarketsandMarkets, in terms of geographies, North America and Europe are expected to be the biggest markets in terms of revenue contribution, while Asia-Pacific and Middle East-Africa are expected to experience increased market traction during the forecast period.
MarketsandMarkets data indicates m-commerce growth prospects are due to increase in the smartphone, tablets, mobile devices, BYOD and Internet-enabled devices. However, accompanying these would be challenges such as securing the flow of information, application and network infrastructure, and intense competition. The evolution of the mobile application infrastructure, cross-platform communication methods and the familiarity of people with the mobile applications and services would brighten the future of m-commerce services.
Wal-Mart records $151 million net loss on India transaction
Bentonville, Ark. – Wal-Mart Stores Inc. incurred a net loss of $151 million in the process of ending its partnership with former Indian partner Bharti Enterprises. According to Wal-Mart financial statements, in October 2013 the retailer paid $100 million for Bharti’s 50% interest in Bharti Wal-Mart Pvt. Ltd., which operates 20 wholesale stores in India.
In addition, Wal-Mart paid and forgave another $234 million of debts as part of the buyout, for a total expenditure of $334 million that produced the $151 million net loss. Wal-Mart had been partners with Bharti since 2007 and has said it plans to open 50 wholesale stores in India during the next four to five years.
R.J. Brunelli & Co. completes multiple retail leases in New Jersey, Maryland
Old Bridge, N.J. – R.J. Brunelli & Co., LLC has recently completed a series of leases that will bring retail tenants to sites throughout New Jersey and Maryland. Dollar Tree recently signed a lease that will bring its Deal$ concept to an 11,400-sq.-ft. space in downtown Elizabeth, New Jersey. R.J. Brunelli serves as the retailer’s exclusive real estate representative for all of New Jersey.
In Clark, New Jersey, Ulta Beauty signed a lease for a 10,000-sq.-ft. inline space at Clark Commons, a new 225,000-sq.-ft. center that will be anchored by Whole Foods. In the firm’s recently announced role as exclusive national leasing representative for AAMCO stores, R.J. Brunelli brokered leases for new franchised locations, a 6,100-sq.-ft. store in East Brunswick, N.J. and a 5,332-sq.-ft. store in Glen Burnie, Md.
In Marlboro, New Jersey, a 13,500-sq.-ft. Petco will be a tenant at the new 100,000-sq.-ft. Marlboro Commons. R.J. Brunelli serves as exclusive leasing agent for the Monmouth County property, which is anchored by Whole Foods.
And in its capacity as exclusive leasing agent for Woodhaven Plaza, a new 117,800-sq.-ft. neighborhood shopping center in Old Bridge, New Jersey, R.J. Brunelli brokered deals for a 10,000-sq.-ft.The Learning Experience store and 1,200-sq.-ft. Subway store.
"The deals completed thus far this year followed a robust performance during 2013, when our team executed a diverse range of leases and land transactions on behalf of tenants and landlords," said Richard J. Brunelli, president of R.J. Brunelli.