Retail and consumer goods industry news

11 March 2019
Future Retail announces expansion plans for Big Bazaar. 25 stores targeted for eastern India Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner. Of these 25 new stores, at least seven of them will be located in Kol...
11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
11 March 2019
HAO Mart opened its first supermarket on 1 st January 2016. With 47 stores opened to date, it is one of the fastest growing grocery chains in Singapore. Neighbourhood stores The retailer has focused its growth in residential areas in the last four years. The stores range from 1,500 sq ft to 7,000 sq ft and many of these are open for 24 hours. The store formats are flexed according to the l...
07 March 2019
Berli Jucker, operator of Big C in Thailand, has announced revenue growth of 5.7% to THB 109.8 bn (US$ 3.4bn) for its modern retail business unit. Profit margin declined New store openings and same store sales growth of 1% supported the strong sales performance. However, profit margin slid from 16.7% to 16.5% due to sales mix changes and higher business to business sales compared to last ye...
06 March 2019
AEONs Maxvalu in Hiroshima and a handful of 7-Eleven stores are reducing their operating hours in Japan. Maxvalu in Hiroshima ending 24-hour operations Maxvalu Nishinihon, a Hiroshima-based subsidiary of AEON, is ending 24-hour operations for 25 stores later this month. The company plans to refocus its staff members' attention on improving customer service. The move should also help the bus...
04 March 2019
VinMart, a leading retailer in Vietnam, is testing “Scan & Go” feature with a mobile application in 13 stores. Integration with VinID Shoppers need to download the VinID app and be a member to use the new feature. Once the “Scan & Go” feature is selected, shoppers can scan the barcode in the store and see the product information and prices in their electronic cart. Payment can be made upon ...
01 March 2019
Mobile World, operator of Bach Hoa Xanh chain of neighbourhood convenience stores, is boosting its investment in its grocery subsidiary. Fuel for high potential growth Mobile World Investment is injecting another VND1tn (US$43m) to develop Bach Hoa Xanh, bringing its total investment to VND3tn (US$129m) in the last couple of years. The company reported that Bach Hoa Xanh contributes only 4%...
28 February 2019
Revenue for the supermarket chain increased by 7.4% versus last year. Store openings boosts growth Singapore supermarket operator Sheng Siong Group reported positive growth for 2018, with revenues of SGD890.9m, an improvement of SGD61m versus last year. Out of the 7.4% increase in revenues, 10.1% was contributed by new store openings. In total, the retailer added 10 new stores to its networ...
28 February 2019
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. C...
27 February 2019
Hailed as South Korea’s answer to Amazon, Shinsegae is to launch SSG.com in March 2019 by integrating its two online businesses. Integration driven by demand SSG.com is formed by combining Shinsegae’s two online business units, the Shinsegae mall and the Emart mall. The company made the announcement  back in January 2018 and is now going ahead with the plan. “ The integration of onlin...