Retail and consumer goods industry news

14 June 2019
Estimated US$1.2bn to be used to strengthen operations in Flipkart. Intense competition from Amazon and other players Following renewed investments by Amazon into its India operations, Walmart has responded by setting aside up to US$1.2bn to fund Flipkart’s operations. In a recent regulatory filing, the retailer said it has cash equivalents of US$2.7bn at 30 April 2019. Of this amount, US$1...
14 June 2019
With a packed agenda, we look at the key messages from the second day of the Consumer Goods Forum Global Summit in Vancouver, Canada. Innovation and the role of new technologies were among the key themes discussed. Capitalise on the growth opportunities in beauty With a focus on the future of beauty, L’Oreal’s Chairman & CEO, Jean-Paul Agon, and Alexis Perakis-Valat, President Consumer Prod...
13 June 2019
We summarise the key the key themes from the first day of the Consumer Goods Forum Global Summit, in Vancouver, Canada. Learn what’s front-of-mind for some of the sector’s business leaders and how they plan to address key challenges. Rapid pace of change The Consumer Goods Forum Global Summit opened in Vancouver this week, setting out to explore how to satisfy new consumer needs and what wi...
12 June 2019
After the successful launch of Metro Wholesale Myanmar’s online store in March, the retailer plans to open in more locations. Strong performance leading to ambitious target The retailer opened an online store targeting corporate customers in March. The operation already has more than 300 HoReCa (hotels, restaurants and caterers) customers, with Metro delivering fresh and high quality food...
07 June 2019
On 7 June, Aldi Süd opened its first two physical stores in Shanghai, China. The stores present a completely different and very premium look and feel compared to its stores in Europe and US. They also offer services that are not usually seen at discounters, such as counters and a scan & go payment solution. Very premium look and feel Source: Aldi China Aldi has decided to use a very d...
07 June 2019
Carrefour China has been doing whatever it takes to revitalise its business to stay ahead amid fierce competition from both local bricks and mortar players and the ecommerce giants. The retailer has reported significant improvement (over €100m) in its recurring operating income in its Asia business in the last two years, mainly driven by Carrefour China. What has worked for Carrefour China? ...
06 June 2019
For the 16 th year, the 18-day Mid-Year Shopping Festival which culminates on 6.18 has begun. This year, the online giant JD.com is focusing on social commerce and has launched WeChat group-buying in Hong Kong. Engaging shoppers beyond discounts in mainland China Last year, JD.com sold around CNY159.2bn (US$23bn) worth of products during the shopping festival. There are more than 50m produ...
30 May 2019
Amazon and Life supermarket are partnering to sell fresh foods online in parts of Tokyo starting later this year. Access to a greater range of products Under the new partnership, Life will supply a range of products to members of Amazon Japan’s Prime Now service. While Amazon Japan will process payments and handle delivery. The tie-up means that Amazon will be able to quickly offer a gre...
30 May 2019
Aldi Süd has revealed it will open stores in China, with the first one opening on the 7 th of June in Shanghai. China will become the 11 th market where Aldi Süd operates standalone stores, strengthening its position as a global retailer. This announcement comes just weeks after Lidl closed its online operations in the country. From online to physical Aldi Süd used a different approach wh...
30 May 2019
Sales for the first quarter grew by 9% versus same period last year. A renewed focus on shopper needs 7-Eleven Malaysia reported sales revenues of MYR583.73m at the end of the first quarter of 2019, a 9% increase in previous year’s sales. This growth was attributed to positive response to consumer promotions, opening of new stores as well as an increased basket size per shopper. 7-Eleven...