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Tesco has announced its full year results with LFL sales in Asia showing improvement in Q4.

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A.S. Watson Group has opened its 15,000th store in Kuala Lumpur, Malaysia.

500th Watsons store in Malaysia

The world's largest health and beauty retailer continues to rapidly expand its store network, opening a new store on average once every seven hours across Asia and Europe. Earlier today, the Group opened its 15,000th store globally. This also marked the 500th Watson store in Malaysia. There are over 7,200 Watsons' stores in 13 markets in Asia and Eastern Europe.

A.S. Watson FY18 results: sales up 10%

Click here to see A.S. Watson’s FY18 results.

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Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands.

Global Collection 2.0

One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their businesses and achieve higher visibility among the Southeast Asian shoppers.

Global Collection 2.0 uses an algorithm-based search function to filter the product offerings and highlight the vendors for shoppers to find them easily. Shoppers would also receive their deliveries much faster and within seven working days from the time their placed their order if they choosese the standard shipping option.

From April, cross-border sellers interested in joining Lazada can submit applications in the self-service system, instead of getting an invitation from Lazada. Once the review is completed, they will become Lazada merchants.

Lazada's cross-border ecommerce business

First launched in 2013, Lazada’s cross-border business has grown to become one of the most diverse marketplaces. The sales have quadrupled over the past three years and, with the aim of boosting sales further in 2019, the company plans to identify and nurture the top 300 brands in each of the six countries that it operates in – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. 

The top five markets which cross-border sellers come from are Mainland China, Hong Kong, Korea, the US and Europe, with women’s fashion, home and living and kids’ fashion ranking among the most popular cross-border items.

 

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Sales for 2018 grew by 1.3% from previous year.

Strong fundamentals driving growth

Expansion of the store network, higher average spend per customer and positive response to promotional activities are the reasons that have driven the growth for 7-Eleven Malaysia. The convenience retailer ended the year with revenue of MYR$2.22bn, an increase of 1.3% versus the previous year of MYR$2.19bn. Correspondingly, profit after tax ended at MYR$51.3m, a rise of 2.4% (MYR$1.2m) versus last year, for the retailer.

7-Eleven Malaysia remains positive for the future and expects domestic demand to continue driving sales. It will continue executing its core strategy of Operations Excellence, Cost Management and Commercial Innovation.

Expansion of store network to continue

7-Eleven has more than 2,000 stores in Malaysia and has announced plans to open another 200 stores in this year.

Find out more information about 7-Eleven here.

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FamilyMart plans to open an additional 300 stores across Malaysia. 

Room for growth in convenience channel

QL Resources, the operator of FamilyMart Malaysia, has reaffirmed its plans to open an additional 300 stores in Malaysia. The retailer opened 30 stores in the country during the previous financial year and another 90 stores in this financial year, ending 31 March 2019.

Chia Song Kun, chairman of QL Resources said, "we still stick to our plan to open 300 stores in five years."

Driven by increasing demand...

Though there is a healthy concentration of convenience stores in Kuala Lumpur and the greater Klang Valley area, penetration in the rest of the country remains low. With only 7-Eleven and MyNews as the other major players in this channel, FamilyMart Malaysia sees positive growth opportunities, driven mainly by domestic demand.

Find out more information about FamilyMart here.

 

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This in-depth guide to Malaysia explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

Five year growth forecasts for the grocery market, the leading retailers and modern trade grocery channels in Malaysia+.

Presentations

A.S. Watson and L'Oréal's AI and AR firm ModiFace have launched a virtual makeup service.
This in-depth guide to Malaysia explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.
As we welcome in the year of the pig, we review the activity retailers and suppliers have used to boost sales during this critical trading period.
Our team of experts have pulled together a selection of the best dairy categories that we have seen across Asia over the past 12 months.
Get up to speed on all of the latest retailer results, the insight into what is driving growth and IGD's five big trends to watch in Asia in 2019.
Included in this report:
  • Latest quarterly results and like-for-like sales performance
  • Recent market developments in India, the Philippines, China and Japan
  • Five trends to watch: ultimate convenience, partnerships shaping the online future, health and freshness at the heart, social shopping and technology transformation
We visited one of Aeon's latest Maxvalu Prime supermarkets in KL to see how the retailer is attracing shoppers on the city's tech district.
View all presentations