Retail and consumer goods industry news

14 January 2019
Continued growth for one of India’s largest supermarket operators. Total revenue increases by 33.2% vs. previous year Avenue Supermarts Limited, who operates the DMart supermarket chain, reported a strong performance for the quarter ended 31 December 2018. The company’s financial year begins in April and this period is its third quarter. Sales revenue for the retailer during this quarter...
11 January 2019
Health and beauty retailer, A.S. Watson, will open its first store in Vietnam on 17 January 2019. Store to be opened in Ho Chi Minh The store will be located in Bitexco Financial Tower in District 1, Ho Chi Minh City. It is the tallest building in the city. The area is well visited by tourists due to its magnificent views on the Sky Deck. It is also known for its luxurious offices. More ...
11 January 2019
We round up the latest trading updates and news for Japan's four largest retailers. Seven & i posts 13.2% increase in revenue Seven & i Holdings has released a strong set of Q3 results, posting a 13.2% increase in operating revenue to JPY5,072.3bn, with operating income up 2.9% to JPY304.2bn. Revenue from its domestic CVS operations grew modestly at 2.9%, with existing stores rising for the...
11 January 2019
Although Tesco delivered encouraging sales for Q3 in the UK, Asian results continue to be challenged. LFL sales fell by 8% in Asia Tesco reports stronger underlying performance in Asia, but sales in Thailand continue to be impacted by changes in pricing, promotions and couponing. Tesco management is restructuring its Thai business to stop bulk-selling. Government-issued welfare cards scheme...
08 January 2019
JD.com's driverless delivery vehicles have been deployed in two cities in China. Autonomous logistic capabilities The company opened two smart delivery stations in Changsha and Hohhot for this operation. The unmanned vehicles can carry 30 items and deliver them within a 5km radius. The vehicles are capable of planning routes, avoiding obstacles and recognising traffic lights. Facial reco...
08 January 2019
Carrefour has opened its second Le Marché supermarket in Shenzhen, China. Fresh Workshop in-store After launching its first Le Marché supermarket in Shanghai in April last year, Carrefour has now opened a second store in Shenzhen. In the new store is a Fresh Workshop area, providing shoppers convenience and fun. It combines retail and foodservice, allowing customers to purchase fresh...
04 January 2019
JD.com has opened two different pop-up stores at Beijing Capital International Airport and Hohhot East Railway Station in Inner Mongolia. Beijing airport store: data-driven product selection The one at Beijing airport is located in the Terminal 3 departure lounge for the next three months. The store carries travel items such as daily essentials, clothing, mobile accessories, beauty products...
04 January 2019
Grofers, one of the leading online grocers in India, aims to generate $2.5bn in revenue by 2020 and scaling up its private label offerings. Experiencing fast growth Speaking to PTI, Grofers' co-founder and CEO Albinder Dhindsa said Grofers has been witnessing over 30 per cent month-on-month growth. "While we do not sell gourmet products that usually offer higher margins, we have been able t...
03 January 2019
UAE-based Majid Al Futtaim has rebranded its Pakistan-based Hyperstar chain to the Carrefour brand. Rebranding to enhance modern retail Majid Al Futtaim has operated stores in Pakistan, through the Hyperstar band, since 2009. The retailer has six Hyperstar hypermarkets in three major cities; Islamabad, Karachi and Lahore. Majid Al Futtaim said the rebranding to Carrefour will  “enhance mode...
03 January 2019
FamilyMart UNY has failed to secure enough shares to make Don Quijote an affiliate. The discount operator, however, will proceed with its plan to make UNY a fully owned subsidiary. Businesses will continue to share strengths and know-how In the deal announced in October , FamilyMart UNY was to purchase a 20.17% stake in Don Quijote. FamilyMart UNY has released a statement to confirm t...