Retail and consumer goods industry news

11 July 2019
Japan's four largest retailers, Seven & i Holdings, Aeon, FamilyMart and Lawson, have posted their results for the first quarter. Seven & i Holdings: total sales up 1.5% Seven & i recorded a 1.5% increase in total group sales to JPY2,894.8bn (US$26.6bn), with operating profit rising 4.6% to JPY90.3bn (US$832.6m) year-on-year (yoy) for the three months ending 31 May.  Domestic convenience...
11 July 2019
Seven-Eleven Japan has opened 14 stores in Okinawa today (11 July 2019), the only Japanese prefecture where the retailer's presence is missing. Increasing competition in Okinawa… The 14 new stores that have opened today are mainly concentrated in the southern part of the prefecture's main Okinawa Island, where a large proportion of residents are based. Seven-Eleven Japan plans to open as...
08 July 2019
Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...
05 July 2019
Yonghui has launched a new format, Market Life, in Shanghai’s Pudong District. Focusing on local cuisine and culture The new store, located in Sanlin yinxiang cheng (INCITY mall), operates approx. 4,000 sq m retail space. It focuses on fresh food to meet the lifestyles of urban shoppers. Market Life combines traditional market culture with modern farmer's market decor. The foodservice count...
05 July 2019
We went to the newly refurbished Funan Mall in Singapore to check out four stores of the leading retailers in Singapore. Young and energetic vibe Source: IGD Research This used to be known as the IT mall - a place for tech geeks who want to build their own computers from component parts and check out the latest gadgets. After three years of redevelopment, the mall has opened with a swan...
04 July 2019
Alibaba continues to expand its presence in bricks and mortar in China, with plans to reach at least 2,000 stores across the market by 2022.  Accelerating expansion and coverage Alibaba currently operates 160 Freshippo stores in 21 cities. It hopes to cover 200 cities by 2030, targeting cities with populations in excess of one million. The first store opened in Shanghai back in Janaury 2016...
04 July 2019
Alibaba has announced that James Dong will take over from Max Zhang to be the new CEO of Lazada Vietnam. Enabling greater cross-country collaborations. Dong will retain the position of CEO of Lazada Thailand, allowowing him to enable greater cross-country developments. Dong adds, “Vietnam continues to present a huge opportunity for Lazada. I am confident that we will win in the market by e...
03 July 2019
Singapore grocery delivery service announced on 29 th June that it was suspending operations in Taiwan. “ Temporarily closing ” to focus on core markets The company’s Taiwanese team received instructions from its Singapore headquarter to temporarily stop all operations in Taiwan as Honestbee continues to focus on its core markets in Southeast Asia. The announcement also said that servic...
03 July 2019
Robinsons, a leading retailer in the Philippines, is considering an exit from the fashion business and moving into premium grocery market and pet category. “ Put money where the growth is ” The Manila-based company, whose fashion portfolio includes Topshop and Dorothy Perkins, sees shrinking operating margins and growing competition in the fashion business, but better returns from pet, heal...
03 July 2019
FamilyMart Taiwan has launched a new range of biodegradable tableware under the FamilyMart Collection. Environmental-friendly policies The new line of eco-friendly products includes, cups, plates, bowls and straws made entirely from bamboo fibers. These can also be safely combusted without emitting any toxic substances when they undergo the recycling process. New eco-friendly dishwashing so...