Online retailer dstore has revealed plans to acquire or roll out bricks and mortar and expand its business into Asia.dstore CEO David Gold told ARN yesterday the company has signed distribution and fulfilment alliances for ventures in Malaysia, Hong Kong and Shanghai.
But it's the company's radical plans to enter the physical world of retailing that will set channel tongues wagging. Gold said in today's Australian Financial Review he plans to have both online and physical stores operating by Christmas.
Gold ruled out the purchase or backdoor listing of Rebel Sport which reportedly owns six per cent of dstore, according to the AFR. He also said dstore plans to roll out roadside kiosks, build a catalogue and mail order business, interactive TV application by the new year after raising further capital.
Gold told ARN he is also looking at venture funding for the dstore's Asian expansion from partners in the region to the tune of $10 to $20 million. However, he said the idea is still in its embryonic stages.
"There has been quite a bit of interest from Asia and we will entertain taking funds from those parties," he said.dstore is already operates the largest e-commerce site in Singapore through the portal www.hyper.gatecrash.com after it purchased the operating company Ossia earlier this year. The site will be relaunched under the dstore banner next month as part of the expansion.
While Gold couldn't reveal which companies would be involved in the investment, dstore has already cemented distribution and fulfilment alliances for the new projects.
"It is difficult because those countries don't have the infrastructure for this type of e-commerce, but then again, neither did Australia so we were able to take the things we have learnt here and implement them in Asia," Gold said.