Retail and consumer goods industry news

15 July 2019
The coffee giant opened its world first Starbucks Now store in Beijing. A new express retail experience Combining the signature Starbucks physical characteristics with digital touch points, the store is designed to offer a streamline experience for customers who have pre-ordered online. The menu is tailored for the on-the-go occasions. Limited seating area is available for those who choo...
12 July 2019
Japanese discount operator, Don Quijote (known as Donki) has opened its first store in Hong Kong today (12 July 2019). Targeting mainland Chinese tourists The new store is in the basement of Mira Place Two on Nathan Road, Tsim Sha TsuiMall. The location is convenient for mainland tourists travelling via the high-speed rail and mega bridge. Don Quijote carries an extensive range of cosmet...
11 July 2019
Central Group Vietnam, the operator of Big C supermarket, had suspended the procurement of garment from suppliers in Vietnam. Internal review for quality Central Group Vietnam sent a notice to suppliers about their decision to hold off buying of domestic apparel until further notice. This changed shortly after the Vietnam Textile and Apparel Association stepped in and helped resolve the con...
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...
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...
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...