Regional Outlook news

21 August 2019
Japan’s four leading convenience banners, 7-Eleven, FamilyMart, Lawson and Ministop will offer a 2% discount for cashless payments starting October. On the spot discounts for nine months… The rebate program launched by the Japanese government coincides with the rise of consumption tax from 8% to 10% in October. The initiative will look to drive consumption and the use of cashless payments. ...
16 August 2019
FamilyMart UNY Holdings is planning increase its stake in Pan Pacific International Holdings (PPIH) Corporation. Not the first acquisition attempt… Earlier this year, FamilyMart UNY failed to secure enough shares to make PPIH’s Don Quijote an affiliate. It is unclear how the potential deal might impact Don Quijote should it go ahead.  FamilyMart UNY Holdings currently owns a total of 7,72...
15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...
14 August 2019
Alibaba is reportedly in talks with NetEast to acquire its cross-border ecommerce platform Kaola . Ecommerce landscape consolidating While neither Alibaba nor Kaola have commented on the potential deal, Sina Finance reports Alibaba could pay as much as US$2bn for the takeover. Alibaba could merge Kaola with Tmall Global, sharing logistics and expertise to drive growth. For the longer term,...
14 August 2019
7-Eleven in Japan will discontinue its 7pay cashless payment service next month. Rebuilding trust essential A security breach of the payment service after the launch on July 1 exposed user data. The retailer has decided to discontinue the service at the end of September. Following this incident, we expect new initiatives, particularly those that use technology, to be rolled-out more cautiou...
12 August 2019
Tesco Lotus has partnered Shopee to launch its shop on the online platform in Thailand. Another channel to better serve customers Launched on 8 th August, Shopee users can now buy more than 10,000 items supplied by Tesco Lotus in Thailand. The online store covers more than 10 categories, including electrical appliances, fresh food, household, dry grocery, bakery and health and beauty pro...
09 August 2019
After launching its 88 VIP membership program last year, Alibaba has added new perks and privileges to its top-tier loyalty program. New benefits for VIP members The new benefits include discounts at more online flagship stores, memberships for Alibaba’s different services, and wider access to other platforms within the Alibaba economy. The retailer has extended the 5% 88 VIP member discoun...
06 August 2019
FamilyMart is opening about 40 new stores in railway stations in Taiwan this year. Providing travellers convenience FamilyMart has opened three new stores at Badu, Wanhua, and Luodong stations. Two more outlets are set to open at the main Taipei station, with another 32 planned for 23 stations within the next few months. Due to space limitations, the new stores are generally smaller than...
01 August 2019
The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June 2019. Exchange rates impact H1 results A.S. Watson's retail division, which is split into five subdivisions, Healthy & Beauty Western Europe, Eastern Europe, China, Asia and Other Retail, ended the first half of 2019 with 15,213 stores across 25 markets - a 5% ...
01 August 2019
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales increased 13% to US$13,781m, but subsidiary sales fell 3% to US$5,761m. Overall performance encouraging Dairy Farm’s overall performance is recovering. It recorded positive sales in four out five divisions and underlying profit for the first six months was up 5%. Strong performances from associates a...