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Aeon Orange Thanlyn Sakura is opened in Yangon, Myanmar’s capital city, selling home electronics, clothing and other household items on top of foods.

First hypermarket in the region

The new hypermarket is 2,800 sq m, triple the size of its supermarket. In addition to grocery and general merchandise, there is a ready to eat selection of local dishes, salads and desserts in a 70 sq m dining area. There are plans to include a bakery in the store.

Opportunity for further growth

Aeon Orange Co is in a joint venture with local retailer Creation Myanmar Group of companies. The retailer took over 14 supermarkets operated by Hypermart Asia in 2016. The stores are now only in the key cities of Yangon and Mandalay.

There is more room to increase the number of stores in Myanmar, as the country is short of modern retail space,” said Masayasu Isozaki, general manager of Aeon Orange.

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In 2018, Sheng Siong opened 10 new stores, bringing its total store count to 54 and total retail area to more than 46,000 sq m. We recently visited its store in Junction 10, Woodlands Road and bring you some in-store highlights. 

Sheng Siong exterior
Source: IGD Research

Located in a shopping mall near the Bukit Panjang MRT station, this 1,900 sq m store contains a wide range of fresh foods as well as packaged foods.

Sheng Siong fresh fish counter
Source: IGD Research

Sheng Siong supermarkets have consistently stood out for its assortment of live and fresh seafood and this store does not disappoint. At this popular section of the store, fishmongers stand by to catch, clean and pack live fish for shoppers.

Sheng Siong organic and Japanese sections
Source: IGD Research

Elsewhere in-store, the retailer has introduced special aisles dedicated to organic produce and Japanese products. There is a growing trend for shoppers looking for healthier products and the retailer is catering to this demand. 

Sheng Siong signage
Source: IGD Research

The store features clear signages which makes it easy for shoppers to navigate the large area. 

What do we think?

This store builds on the retailer’s platform of fresh produce at an affordable price. By locating its store in the heartlands of residential Singapore, Sheng Siong continues to appeal to the mass market.

Find out more information about Sheng Siong here.

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SM Retail has announced Q1 results for the period ending 31 March 2019, with total revenue up 13% to PHP79.0bn.

Food revenue up 17% to PHP41.8bn

The food side of the business continued to see strong growth during the period, driven by positive like-for like sales in existing stores, as well as the opening of 1 SM Supermarket, 1 Savemore and 52 Alfamart stores. Although the retailer didn't open as many new stores in the quarter as it has done historically, it still plans to open 2 SM Supermarkets, 13 Savemore stores, 1 SM Hypermarket, 8 WalterMart stores and approximately 150 additional Alfamart stores throughout the rest of 2019.

Alfamart expansion an area of focus

The food side of the business at the end of Q1 operated 57 SM Supermarkets, 194 Savemore stores, 53 SM Hypermarkets, 52 WalterMart stores and 578 Alfamart's. Alfamart's rapidly expanding footprint is of particular interest, with sales from the format resulting in PHP2.8bn of revenue during Q1. The retailer is actively searching for new sights around the perimeter of Metro Manila, looking to build scale and market concentration in this area as a priority.

Robinsons has posted its annual results, with net sales up 15.1% to PHP132.8bn (US$2,556m).

Strong set of annual results

Robinsons posted net income of PHP5.1bn (US$98.5m) last year, an increase of 2.6% on the year previous. It achieved a 5.9% like-for-like (LFL) growth last year, mainly supported by a 6.1% increase in basket size in its supermarket business.

In its convenience store business, Ministop, sales increased 4.9% to PHP9,065m (US$174.5m) and LFL increased 5.1%. The retailer has cited shoppers increase in purchasing power driving growth.

Investment in Growsari

Robinsons Supermarket invested in Growsari Inc, a local tech start-up company that provides grocery delivery service to sari-sari stores.

Alignment in Rustan’s

The merger between Robinsons and Dairy Farm’s Rustan Supercentres Inc. last year has led to four key operational areas for review:

-       Merchandising: trading terms and other income, gondola rentals and other income

-       Human resources: headcount rationalisation

-       Supply chain and inventory control: shipping and trucking rates, distribution centre fees

-       Procurement: office supplies, air-conditioning units, refrigeration PM systems, managed print services, IT equipment

Robinsons and Rustan’s are currently still run quite independently and merger activity are still in early stages, but we do expect the businesses to integrate more closely over the next couple of years.

150 new stores this year

Robinsons will open up to 150 new stores in the Philippines this year, investing between PHP3bn to PHP5bn (US$57.8 – US$96.3m) on expansion. As of December 2018, it had 1,910 stores, including supermarkets, department stores, do-it-yourself stores, specialty stores, drugstores and convenience stores. Total network covered a gross floor area of 1.48m sq m.

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