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Our top five trends shaping the Asian retail market and influencing retailer strategy over the next year and beyond.
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Walmart China has launched a blockchain platform that will enable the retailer to track food throughout its supply chain.
Aeon has confirmed an investment of US$280m for its third mall in South Hanoi which will open by the end of next year
The retailer plans to have 20 malls in Vietnam by 2025. It already has four malls trading in Ho Chi Minh city, Hanoi and Binh Duong. Three more are under construction in Hanoi and the northern city of Hai Phong.
Aeon held a Vietnam fair in 46 supermarkets in Japan as an effort to bring more Vietnamese products to Japan. This includes Aeon Lake Town Mori in Saitama, one of three largest Aeon malls. The retailer will double its product imported from Vietnam to US$500m in 2020.
Keep up-to-date with the latest retail developments from Asia.
Majid Al Futtaim has outlined plans to invest PKR40bn (US$256.1m) in Pakistan.
Since 2009, Majid Al Futtaim has invested PKR8bn (US$51.2m) in Pakistan. It now operates seven Carrefour hypermarkets and one Carrefour Market supermarket in four metropolitan cities.
The retailer will mainly focus its expansion in tier two cities. It hopes to reach a network of 50 stores in the next 10 years, expanding into cities like Faisalabad, Multan, Gujranwala, Hyderabad, Sialkot, Gujarat, and Peshawar.
To support store network expansion, Majid Al Futtaim is also looking to launch new ecommerce initiatives early next year. It continues to strengthen its proposition in this area, having launched a new loyalty programme and mobile app early this year.
Majid Al Futtaim is working with local farmers and plans to export fresh vegetables from Pakistan to other countries where it is operating.
Despite a relatively small store network, Majid Al Futtaim, is beginning to change shoppers’ retail expectations. The retailer is offering a greater choice of products in a clean and modern environment. This is setting new standards, and in turn driving the development of modern trade.
French grocery retailer Carrefour has signed an agreement to sell 80% stake of its China operations to Suning.com in a deal worth about US$700m.
The transaction is expected to close by the end of 2019, subject to regulatory approval. Carrefour will retain a 20% stake in the business and two out of seven seats on Carrefour China’s Supervisory Board. However, the agreement allows Carrefour to sell the remaining 20% of its stake, suggesting an interest to exit the market entirely.
Suning is a Chinese electronics retailer and ecommerce player. It operates more than 8,881 stores in more than 700 cities and one of the country’s largest B2C ecommerce platform. Suning said yesterday in filing to Shenzhen stock exchange, “the stake acquisition will allow Suning.com to strengthen its brand, as well as boosting its marketing capabilities, food quality control and supply chain management in the fast-moving sector”.
Carrefour has been in China since 1995 but it has been struggling to grow in recent years amid fierce local competition and the rise of ecommerce channel. The retailer operates 210 hypermarkets and 24 convenience stores.
Retailer introduces spin-off concept at new store.
Japanese retailer Don Don Donki has opened a new outlet at Singapore’s Changi Airport Terminal 3. Called Don Don Donki Sweet Potato Factory and with an area of 30 sq m, it marks the retailer’s focus on its food-to-go range.
The store at the airport is open 24 hours and will stock its popular baked sweet potato range, including items like caramelised sweet potato and sweet potato milkshakes.
The Changi Airport store is Don Don Donki’s fifth store in Singapore since it first entered the market in early 2018. The retailer also recently announced the location of its sixth store at the basement of Clarke Quay Central shopping mall. It is targeting to start operations at this store very shortly.
Find out more information about Singapore’s grocery retail market here.
We study the top large format retailers in Asia, their growth strategies and the markets where large format stores will see the strongest growth over the next five years.
Download images of retail excellence across Asia, and see your category in-store.
Take inspiration from our reports on Asia’s best grocery stores and understand what the latest concepts mean for you.
You'll visit some of the best stores to see how retailers are responding to current trends.
We've developed a single, universal methodology for calculating food and consumer goods retail data, supported by our programme of primary and secondary research. This makes Datacentre the most reliable and robust source available for data of this type.