Retail and consumer goods industry news

16 August 2019
Hong Kong-based Convenience Retail Asia (CRA) has posted a solid set of results for the first half ending 30 June, with Group revenue increasing by 5.0% YoY to HKD2,703m (US$344.7m). Circle K’s comparable store sales increase 4.4% again Circle K's comparable store sales increased 4.4% YoY – matching what it achieved this time last year. This contributed to total sales of HKD2,185m (US$278.6...
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...
16 August 2019
Matsumoto KiYoshi is reportedly in talks with Kanagawa-based Cocokara Fine on an acquisition deal. Merger would create Japan’s largest drugstore chain Should the deal go ahead, the merger would create a drugstore chain significantly larger than close and current market leader Welcia Holdings operated by Aeon. Drugstores like Matsumoto KiYoshi selling food, soft drinks and liquor has alre...
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
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...
13 August 2019
Shinsegae’s Emart announced this week that it plans to raise KRW1tn (US$820m) by selling assets and will buy back stocks worth some KRW100bn to boost shareholder value. Posting loss for the first time The action came as the country’s leading retailer saw net profit loss in the second quarter of the year for the first time in its history. Compared with a net profit of KRW95bn a year ago, thi...
13 August 2019
Rakuten has published its results for the six months ending June 30, with Group revenue up 14.5% to JPY586,644m (US$5.6bn) year-on-year. Internet Services revenue up 16.1% Revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 16.1% to JPY359,156m (US$3.4bn) yoy. Segment profit increased by 94.3% to JPY108,867m (US$1bn) yoy. Ini...
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...
09 August 2019
Japanese railway firm JR East is set to open its first unstaffed, cashless NewDays convenience store at its Musashisakai Station in Tokyo, Japan. How will it work? There will be self-checkout counters for shoppers to scan product barcodes. Cash payments and age-restricted products will not be available. Like other unstaffed stores around the world, products at the NewDays store will be rest...