Retail and consumer goods industry news

01 May 2019
 JD.com plans to invest CNY6.5bn (US$965.1m) in Thailand over the next three years to strengthen its fresh food business. Offering shoppers more choices In partnership with Yonghui, JD.com plans to import large quantities of durian, mangosteens, coconuts and other fruits from Thailand worth CNY5bn (US$742.4m). JD.com itself will also source an additional CNY1.5bn (US$222.7m) worth of fruits...
29 April 2019
Yonghui has posted another strong set of annual results. Total revenue increased 20.4% to CNY70.5bn (US$10.5bn), with consolidated net profit up 18.5% to CNY1.5bn (US$219.9m). Fastest growing bricks-and-mortar retailer in China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain g...
29 April 2019
Online grocery and food delivery service temporarily ceases operations in Hong Kong and Thailand. Intense competition forces retailer to rationalise operations Honestbee, the operator of habitat by honestbee, has suspended operations in Hong Kong, Thailand and Philippines. In a statement released by the retailer, it says that it is taking this action to “ simplify what we do and how we do i...
29 April 2019
Making use of the funds raised from most recent round of investments. Currently operating in 25 cities in the country Backed by Alibaba, India’s BigBasket has announced plans to scale up its supply and distribution chains. From its existing network of 18 large and 80 small distribution centres, the retailer will expand to 20 large and 100 smaller centres by June.   With the increase in d...
25 April 2019
The three leading convenience store chains in Japan are facing increasing challenges to hiring staff for their stores. Labour shortages driven by the country's ageing population is deepening and retailers opening new stores require new workers. Discounts and benefits for workers The current approach for many convenience store operators is to incentivise workers with benefits and discounts. ...
24 April 2019
AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...
23 April 2019
Dei, an online grocer in Singapore which focuses on Indian groceries, aims to create more marketplaces for different communities in Singapore. Dei brings together Indian merchants on Little India Dei which stands for "Daily Everything Indian" is a startup that partners supermarkets, wet markets, small provision shops and specialty stores to sell groceries online. The marketplace was launche...
18 April 2019
Amazon is reportedly shutting down its domestic ecommerce marketplace business in China by mid-July. It will focus on cross-border business. A challenging ecommerce market Amazon has been facing fierce competition from Chinese ecommerce companies. Alibaba and JD.com can deliver a larger range of products to Chinese customers faster with their scale and infrastructure. There are also smaller...
18 April 2019
Coupang’s revenue for 2018 hits KRW 4.42tn (US$ 3.5bn), a new record for Korea’s ecommerce market. Growth supported by heavy investment The retailer’s revenue grew by 65% over 2018, an impressive leap from 40% growth in the previous year. Its losses also jumpred to KRW 1.1tn last year from KRW 638.8 bn in 2017. The eight-year-old retailer has lost money every year and will continue to inves...
17 April 2019
Japanese cosmetics company Shiseido and A.S. Watson have partnered to launch an exclusive derma skincare range under the “D Program” brand. A.S. Watson working closely with brands A.S. Watson partners brands to drive innovation. Last month, we outlined how it is partnering L'Oréal's AI and AR firm ModiFace have launched a virtual makeup service . The retailer's latest initiative is to ...