Retail and consumer goods industry news

26 June 2019
SSG.com, the ecommerce unit of South Korea’s retail conglomerate, Shinsegae, launches early morning delivery service in June. Order by midnight, deliver by 6 a.m. Orders can be placed as late as midnight with deliveries guaranteed to arrive by 6 a.m. the next day. The service covers up to 10,000 items, including fresh food, bakery, cooked meals, pet food and baby products such as nappies an...
26 June 2019
Walmart China has launched a blockchain platform that will enable the retailer to track food throughout its supply chain. Walmart China Blockchain Traceability Platform The new Walmart China Blockchain Traceability Platform (WCBTP) has been created thanks to a partnership between Walmart China, VeChain (a blockchain technology company), PricewaterhouseCoopers in addition to other companies....
25 June 2019
Aeon has confirmed an investment of US$280m for its third mall in South Hanoi which will open by the end of next year More malls planned in Vietnam The retailer plans to have 20 malls in Vietnam by 2025. It already has four malls trading in Ho Chi Minh city, Hanoi and Binh Duong. Three more are under construction in Hanoi and the northern city of Hai Phong. Strategic partnership with V...
24 June 2019
Majid Al Futtaim has outlined plans to invest PKR40bn (US$256.1m) in Pakistan. Expansion into new cities Since 2009, Majid Al Futtaim has invested PKR8bn (US$51.2m) in Pakistan. It now operates seven Carrefour hypermarkets and one Carrefour Market supermarket in four metropolitan cities. The retailer will mainly focus its expansion in tier two cities. It hopes to reach a network of 50 ...
24 June 2019
French grocery retailer Carrefour has signed an agreement to sell 80% stake of its China operations to Suning.com in a deal worth about US$700m. Carrefour may exit China completely The transaction is expected to close by the end of 2019, subject to regulatory approval. Carrefour will retain a 20% stake in the business and two out of seven seats on Carrefour China’s Supervisory Board. Howeve...
20 June 2019
JD.com and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by JD.com, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...
20 June 2019
Alison Horner, CEO of Tesco Asia, shared the region’s plan to maximise the mix in a meeting for investors and analysts at its head office in the UK. Reset for growth in Asia: max the mix According to Alison Horner, Thailand’s urban population of 43.9% in 2010 will rise to 58.4% by 2030. Tesco Asia has reached 69% of the population in Thailand and Malaysia, representing significant growth op...
19 June 2019
Costco Wholesale Corp. is set to open its first bricks-and-mortar warehouse in China this August. A business based on membership strategy After setting up an online store on Alibaba’s Tmall five years ago, the U.S wholesaling giant is to open its first physical warehouse in Shanghai’s Minhang district on the 27 th of August. Costco’s model in North America has been based on families buy...
19 June 2019
High profile CFO Maggie Wu takes on new role in strategic investments. An organisational upgrade Wu will take over from Executive Vice Chairman Joe Tsai and oversee the firm’s strategic acquisition and investments unit, as part of a business and management reshuffle at the ecommerce giant. Joe Tsai will support Wu in her expanded role. “ To guarantee innovation, invest in our future, Ali...
18 June 2019
Rakuten and Seiyu will deliver products from the Seiyu LIVIN Yokosuka Store in Yokosuka City, Kanagawa Prefecture, to visitors in Sarushima via drones. Drone service to launch on 4 July 2019 Starting on 4 July 2019, the new initiative will service Sarushima, a popular sightseeing destination and the only uninhabited island in Tokyo Bay. It will run for around three months, and Rakuten Drone...