Retail and consumer goods industry news

03 April 2019
Vingroup has acquired all 87 Shop & Go chain of convenience stores for just US$1. There are 70 stores in Ho Chi Minh City and 17 in Hanoi. Shop & Go withdraws due to competition Shop & Go opened its first store in 2006 and became one of the first operators of modern convenience stores in Vietnam. A representative for the retail chain said, “we have invested a great deal in the Shop & Go sys...
02 April 2019
Saigon Co.op, the leading grocery retailer in Vietnam, targets to grow its stores from 650 to 1,000 by year end. Growth across all formats Diep Dung, the group's chairman, said there will be new openings for Co.op Mart supermarket, Co.op Xtra hypermarket, Co.op food stores, Co.op Smiles and Cheers convenience stores. It will also launch a new format targeting wealthy shoppers which includes...
01 April 2019
The Japan External Trade Organisation is offering small to medium-sized domestic retailers free access to global ecommerce platforms to help them sell products in 18 markets abroad. Supporting smaller retailers grow online The initiative is expected to increase trade for local businesses, maximising the global popularity of Japanese products around the world. Twenty four ecommerce operators...
01 April 2019
A.S Watson will invest HKD1bn (US$128m) on digital innovation over the next ten years as it continues to step up transformation across the business to enhance the shopping experience. Staying ahead of competition A.S. Watson continues to invest in technology and ecommerce. By next year, the retailer will have spent approx. HKD1bn on digital and technology since 2012. Over the next ten years...
01 April 2019
Mr Yuthasak Phumrasakul, Senior Executive Vice President of CP All and founder of 7-Eleven stores in Thailand, reveals a range of ready meals created by Iron Chef Thailand under its Ezygo private label. Partnership with three chefs Chef Pom-Thanarak Chuto, Chef Kai-Thananya Khaikaew and Chef Art-Prasopchoktrakun have been invited to create 12 delicious dishes and desserts. These three chefs...
29 March 2019
First phase of launch announced; CEO for joint venture appointed. Eight 7-Eleven stores to open in Mumbai After signing a master franchise agreement with 7-Eleven last month , Future Group announced that it will open eight 7-Eleven stores in Mumbai as an initial phase. In addition, the Group shared that it is exploring two different retail formats of the chain. The Group is experime...
28 March 2019
Rossmann, the German drugstore part owned by A.S. Watson, will begin selling products in South Korea in May, with products shipped directly from Germany. Direct-to-market model Rossmann plans to make “full-scale inroads into the domestic health and beauty market” of South Korea. A direct-to-market business model will be adopted, rather than stocking goods in stores. It is not clear when Ros...
28 March 2019
Ecommerce giant takes steps to bridge the online to offline gap in India. 100 kiosks to be opened across the country With only one-third of the population with access to the internet, Amazon India is taking steps to strengthen its physical presence in the country. The ecommerce giant has announced plans to open more than 100 small kiosks by the end of this year.   Needing less than 10 sq...
27 March 2019
As an important move to capitalise on China’s massive tourism market and offer Chinese travellers a holistic travel experience, Alibaba is launching a new shopping platform called Fliggy Buy. An innovative new service The service allows Chinese travellers to choose from a range of products, including cosmetics, suitcases, bags and alcohol, prior to their international travel. They can then ...
26 March 2019
A.S. Watson Group has opened its 15,000th store in Kuala Lumpur, Malaysia. 500th Watsons store in Malaysia The world's largest health and beauty retailer continues to rapidly expand its store network, opening a new store on average  once every seven hours  across Asia and Europe. Earlier today, the Group opened its 15,000th store globally. This also marked the 500th Watson store in Malays...