Retail and consumer goods industry news

23 May 2017
India's leading ecommerce player is offering groceries to encourage more frequent purchases. Second attempt at groceries Flipkart first introduced on-demand groceries in February 2016 with an app called Nearby. It promised delivery of groceries from supermarkets and local stores within one hour in a specified region. Flipkart will relaunch with a new service in Bengaluru, focusing on dry pr...
18 May 2017
We review Walmart's first quarter results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q1 increased by 1.4% to $117.5bn Ecommerce sales in the US up 63% Sales in its US stores and Sam's Club division increased by 2.9% and 2.8% respectively International net sales were down 3.5%, although increased by 0.8% on a constant currency basis ...
17 May 2017
SPAR International has released its 2016 results, reporting that sales increased by 4.5% to €33.1bn. The retailer, which has a presence in 44 countries, stated that record performance ‘ was driven by a combination of like-for-like organic growth, successful acquisitions and new country expansion’ . Regional performance breakdown In Western Europe , which accounts for the largest share of s...
17 May 2017
7-Eleven introduced their first convenience store without any staff at Lotte World Tower in Seoul yesterday. First to palm... The new 7-Eleven store utilises the 'HandPay' system to recognise individuals by the veins on the palm of their hands. Payments are linked to the Lotte Card, with Lotte and 7-Eleven partners in South Korea. No cash, card nor phone is required at the store and this wi...
16 May 2017
Big C's total revenue from retail sales, rental and service income for Q1 drops to THB 28bn (USD 811mn), -14.9% over the same quarter last year. This is largely driven by a 20% decline in same store sales. Trend for same store sales improved from H2 2016 Big C has been cutting out unprofitable sales due to deep discounting via cash vouchers and bulk volumes. The focus on quality of sales ha...
16 May 2017
Star Bazaar, a joint-venture between Tesco and Tata Group in India, announces plans to take its store count from 41 to 65 in the next year, and then to 200 in three years. The announcement was made at the launch of a new credit card. Launch of Tata Star credit card The new credit card is a collaboration between Tata Capital and SBI card. The card will reward shoppers with savings at Star Ba...
16 May 2017
Watsons, a leading health and beauty retailer, has revealed plans to add 50 to 55 stores this year in Thailand. Building from strong growth in 2016 Watsons achieved 55 store openings last year, ahead of its plan for 50 stores. The current year will see a similar number of store openings, balanced between upcountry and Bangkok. Other investments this year will focus on store renovations, eco...
12 May 2017
FamilyMart will review their operations in Thailand, Vietnam and Indonesia in search of profitability in these markets. Strong at home... FamilyMart are well accustomed to strategic acquisitions and partnerships. The merger of FamilyMart and UNY last September is a prime example of the retailer expanding their presence domestically to compete with the other major operators. At home, the ret...
12 May 2017
China's leading retailer, Sun Art, posts 2% growth for Q1 2017 on both revenue and gross profit compared to the same period last year. Slow growth impacted by food prices Sun Art registered revenue of RMB31,617mn (US$4.6bn) and gross profit of RMB 6,836mn (US$990mn) for Q1. As part of the results announcement, the retailer shared that food prices has declined by 2.1%. Some of the slow growt...
09 May 2017
Aeon, the largest retailing group in Japan, is expanding its presence in emerging markets. The retailer is opening small grocery stores in Vietnam and Cambodia. Both economies have been growing at about 6% in recent years. Raising brand awareness to pave way for mall development Aeon is known for developing shopping malls. It currently operates four malls in Vietnam and plans for 20 by 2020...