Retail and consumer goods industry news

02 July 2019
Alibaba is launching next generation flagship stores on Tmall. Flagship Store 2.0 The new format on Tmall will be called Flagship Store 2.0. It will allow brands to provide more personalised experiences for shoppers. Flagship Store 2.0 will place likely purchases on a store’s first page rather than make shoppers search for the things they want. They will also personalise content and offe...
02 July 2019
The company intends to spend US$1.2bn in China over the next decade to upgrade logistics. A move to be part of the “smart retail” movement Walmart made an announcement this week that it will open or upgrade more than 10 logistics centres in China. It is a move for the retailer to be better integrated with the burgeoning “smart retail” movement in the country. As part of that movement, ec...
01 July 2019
UAE-based LuLu Group has opened its second store in Malaysia today, after the successful launch of its first store two years ago. This expansion forms part of its investment to invest US$ 300 million to set up 10 hypermarkets and a central logistics warehouse in the country. Second hypermarket in the country and 174 th globally The 80,000 sq ft store was inaugurated by YB Datuk Seri S...
01 July 2019
Japan’s second largest convenience chain, FamilyMart, has launched its own smartphone payment system today (July 1). Convenience for shoppers The app, FamiPay, allows customers to conveniently pay for goods via their smartphones. It will eventually integrate FamiPort services, e.g. pay parking fees, bills and tickets via the app. To encourage usage, the retailer will rebate (for the firs...
01 July 2019
Seven-Eleven Japan has launched its own smartphone payment service today (July 1). Convenience for shoppers The new 7pay service allows users to make payments by presenting barcodes displayed on their smartphones at cashier counters. It will offer shoppers greater convenience, while allow 7-Eleven to collect data for product development. Strengthening its digital proposition For its d...
28 June 2019
7-Eleven in Japan has outlined plans to wrap the nearly 2.3bn rice balls it sells a year in packaging partially composed of plant-based plastics Reducing carbon footprint The initiative will decrease 7-Eleven plastic usage by 260 tons and its carbon footprint by 403 tons per year. This is part of a broader environmental plan Seven & i Holdings has announced, which also includes a goal to el...
28 June 2019
Saigon Co.op buys out Auchan’s business in Vietnam. Vietnam’s leading domestic retailer takes over It was earlier reported that French retailer Auchan will withdraw from Vietnam . In a joint statement released today, it was announced that Saigon Co.op will take over operations in the country. Existing members of Auchan’s shopper loyalty programme will be automatically transferre...
28 June 2019
Alibaba has launched an English-language portal for its Tmall Global marketplace. Recruiting new merchants The new portal looks to recruit new merchants. Alibaba aims to double the number of international brands on the platform to 40,000 in the next three years. Tmall Global currently covers brands from 77 countries and regions. Alibaba hopes the new website will make the B2C marketplace ev...
28 June 2019
Walmart is planning to relist its Seiyu business in Japan on the stock market. Reshaping its international business The plan will free up capital helping Walmart focus on its China and India business operations. Walmart delisted Seiyu from the Tokyo Stock Exchange back in 2008. Maintain majority stake in Seiyu Walmart aims to retain a majority stake in Seiyu, but the move will allow t...
27 June 2019
Saha Group, which operates Lawson convenience stores in Thailand, will collaborate with Thai advertising firm VGI Global Media to expand into subway stations and airports. Cooperative will launch this week Saha Lawson will own 60% of the venture, VGI will own 30% and the remaining 10% will be held by Saha Group. The partnership will be registered with a capital of THB20m (US$645,000). Fo...