Retail and consumer goods industry news

07 December 2018
Spanish supermarket chain Condis is set to invest up to PKR139bn (US$1bn) in Pakistan. Plans to strengthen sourcing and distribution network Last month, a team of Condis supermarket colleagues headed by the Director of Expansion, Mr. Jose Manuel Castellano visited Pakistan. As reported in ARY News, the team visited several cities, including Multan, Jhelum, Rawalpindi and Islamabad to explor...
06 December 2018
The Chinese ecommerce giant opens the largest hydroponic plat factory to produce fresh vegetables, in partnership with Japan’s Mitsubishi Chemical. High-tech greenhouse The 11,040 square metre plant is located in the Tongzhou District of Beijing. It incorporates a hydroponic system with solar light. Temperature, humidity, light and liquid fertiliser are automatically controlled, enabling pr...
05 December 2018
7-Eleven is testing trial facial recognition payment at one of its stores in Tokyo this month. Testing facial recognition on a small scale 7-Eleven will open a pilot store in collaboration with NEC. The store will be approx. 10-20 sq m and will only serve NEC Group employees. To access the store, staff will need to preregister themselves. They will then be able to enter the store by scannin...
05 December 2018
South Korea’s FTC (Fair Trade Commission) approved a set of voluntary rules agreed by convenience store operators to better protect struggling franchisees. Minimum distance between stores Five members of the Korea Association of Convenience Store Industry, CU, GS25, 7-ELEVEN, MINISTOP, C-SPACE and Emart24, came up with a voluntary agreement to curb excessive competition. A key centerpiec...
04 December 2018
Quarterly revenue improved by 1% from previous year. Positive expectations for remainder of 2018 7-Eleven Malaysia reported third quarter earnings of MYR568.5m, driven by its increased store network, a higher average spend from shoppers and targeted promotion activities. The improvement in sales revenues also boosted net profits by 4.1% to MYR16.8m. Moving into the end of the year, the r...
03 December 2018
Marks & Spencer in VivoCity shopping centre has launched a second food hall in Singapore which includes a bakery, fresh food and ready meals. The retailer also held a Southeast Asia media preview to highlight its Christmas range in food, clothing and beauty products in Wheelock Place, where the first food hall is located. Source: M&S Coffee and bakery to drive footfall The new food ha...
03 December 2018
Online retailer RedMart organised a weekend market with over 40 stalls including health food, snacks, chocolates, wine and cheese. Non-food brands in baby care, kitchen ware and stationery were also available. There were workshops, children’s activities and talks throughout the two-day event. Freshness promised or money back Shoppers can learn more about RedMart’s fresh fruits, vegetables a...
30 November 2018
Berli Jucker, the operator of Big C in Thailand, reports positive Q3 results and international expansion in 2019. Q3 sales increase but profit margin decline Big C sales reached THB 27,855M (US$ 846.7M) in Q3 2018, growing by +7.2% year on year. Gross profit margin declined from 17.7% to 16.8% due to high base, sales mix changes and continued price investments. Same store sales growth also ...
29 November 2018
We’ve identified the top five trends shaping the Asian retail market and influencing retailer strategy in 2019 and beyond. Nick Miles, our head of Asia-Pacific, discusses each one and reveals what it means for suppliers in the region. The top five trends Ultimate convenience Partnerships shaping the future of online Health and freshness at the heart Social sh...
28 November 2018
Government shows support for traditional trade. Hypermarkets will not be allowed in some parts of the country The Malaysian government has stated that it will not permit hypermarkets to operate in certain areas of the country. The announcement is intended to support the traditional channel, also known as kedai runcit, and to allow them to continue operations. The minister of Domestic Tra...