Retail and consumer goods industry news

04 February 2019
Lionel Desclée has been appointed as the new CEO at Seiyu, one of the largest supermarket chains in Japan. New Seiyu CEO from 15th March From 15th March, Lionel Desclée will takes over from Mitch Slape (interim CEO) as the new CEO of Seiyu. Desclée left management of Tom & Co earlier this year, but he remains a shareholder and member of the board. Walmart invested in Seiyu back in ...
04 February 2019
The Philippines’ second largest retailer is expanding towards new geographic locations by opening stores and acquiring grocery retail chains nationwide. New stores opening The group is to open 25 more stores and four S&R membership warehouse stores this year. The four S&R membership warehouse stores to be opened this year will be located in Metro Manila, Southern Luzon and outside Metro Man...
31 January 2019
Alibaba Group Holding Limited announced its financial results for the quarter ended 31 st December 2018. Growth driven by technology The company had another strong quarter. In the press release, Daniel Zhang, CEO of Alibaba, commented that “ Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 mill...
31 January 2019
RedMart, an online grocery platform, was acquired by Lazada in 2016, but kept it as a separate business until now. It will be integrated into Lazada’s platform in March, allowing shoppers to buy both groceries and other products on Lazada in the same location. Shoppers will need to download Lazada app RedMart shoppers can continue using the existing app until 11:59pm on 14 th March, before...
28 January 2019
The high end membership-only retail club chain is to open 40 more stores in mainland China by end of 2019. High confidence in the market Since the first Sam’s Club opened in Shenzhen in 1996, the company now has 19 stores covering different geographic regions of China: Beijing, Shanghai, Shenzhen, Guangzhou, Fuzhou, Dalian, Hangzhou, Suzhou, Wuhan, Changzhou, Zhuhai, Tianjin, Xiamen, Nanjin...
25 January 2019
Europe-based buying alliance EMD has announced that South Korea-based Homeplus will join the organisation. EMD said Homeplus will initially work with EMD on the ‘ sourcing of private label products ’, but noted there is scope for ‘ the option of cooperation in other areas of intercontinental cooperation ’. Homeplus to expand EMD’s global membership Following the addition of Homeplus, EMD wi...
24 January 2019
The ecommerce giant is launching a new technology that enables the blind and sight-impaired shop online. “Smart Touch” technology Smart Touch is a piece of silicone film that sticks to smartphone screens. The film has three textured touchscreen buttons that users can feel along the edges of the screen for commands such as “go back,”, “return to homepage” and “confirm”. The commands can be t...
24 January 2019
New ecommerce platform created with help of Reliance Jio Infocomm. State of Gujarat first to trial new project Reliance Retail, part of the Reliance Industries conglomerate, has partnered with Reliance Jio Infocomm to announce the creation of a new ecommerce platform. The new platform will be optimised for use on the JioPhone, a popular mobile handset that was introduced by Reliance Jio in ...
23 January 2019
The retailer completed Indonesia’s first government approved drone flight, a breakthrough for drone delivery in Southeast Asia. Providing access to rural areas The test flight took place on 8 th January 2019, in West Java, Indonesia. It is a joint project between JD.com, the World Economic Forum (WEF) and the Indonesian government. The news of JD.com’s breakthrough was announced at the WEF...
22 January 2019
Tesco Lotus has launched 45 Thai food products under the Tesco brand. Tesco Authentic Thai range The food products include both savoury and sweet items with top quality ingredients from Thailand. These include sweet tamarind from Phetchabun, purple sweet potatoes from Ubon Ratchathani, durian from Chanthaburi, mangoes from Prachuap Khiri Khan and coconut sugar from Samut Songkhram. The ingr...