Retail and consumer goods industry news

12 January 2017
Tesco has reported impressive figures for its third quarter and Christmas trading periods, with strengthening growth in the UK and underlying improvements in many international territories. The results mean that Tesco now expects it could deliver full year operating profits slightly ahead of the consensus forecast of £1.2bn. Headline LFL results   Q3: 13 week...
12 January 2017
Lawson, Japan’s leading convenience store operator, has reported a 6.1% increase in consolidated operating revenues, while its operating income has dropped 7% in the third quarter of 2016. Sales increase while income dips For the third quarter of 2016, Lawson has seen net sales of its c-store business grow by 4.4% to JPY 1,617,505m (US$ 14,149m). Its gross operating revenue has also increased...
11 January 2017
How RedMart is shaping the future of online grocery retail in Asia In preparation for the IGD RedMart Trade Briefing 2017 on 23 February, IGD sat down with Roger Egan, co-founder and CEO of RedMart . We asked him about the future of online grocery retailing in Asia, as well as his plans for RedMart and its suppliers. 1. What’s the outlook for the online grocery market in Southeast Asi...
11 January 2017
Flipkart, India's largest online marketplace, has announced a major restructure of its senior management. New Group structure to oversee all strategy Flipkart has moved to bring all of its units under one group, resulting in a significant rejig to senior management: Binny Bansal, the existing CEO of Flipkart has been promoted to Group CEO Kalyan Krishnamurthy, the current head of c...
09 January 2017
Trans Retail Indonesia will open 30 new stores this year under the Transmart Carrefour banner. The new concept In order to attract more visits to its physical stores, the retailer has introduced a new concept which puts supermarket, department store, culinary experience and play areas for children under one roof. Satria Hamid, corporate communications general manager of Transmart Carre...
09 January 2017
Vietnam’s largest retailer Saigon Co.op has launched a new retailer format Sense Market in HCM City, combining traditional food market with modern retailing. A new format combining modern and traditional trade The new Sense Market was developed by Saigon Co.op and Saigon Co.op Investment-Development Company and it explores a new way to approach modern retailing in a country, where the ...
05 January 2017
Chinese retailer Yonghui Superstores has announced that it has agreed to transfer all its shares in Shanghai-based Lianhua Supermarket to a fresh produce ecommerce operator Yiguo, in transactions worth HKD950m (US$122.4m). Disposing of unprofitable overlapping business Since becoming the second-largest shareholder of Lianhua in April 2015 with 21% of its shares, Yonghui has been involved in...
04 January 2017
Japanese retailer Aeon has forayed into the ecommerce competition in Vietnam, selling imported Japanese products through its online website. First launch in Ho Chi Minh City The new website, AeonEshop.com, is designed as a business to consumer (B2C) platform, with the majority of its products imported from Japan. Aeon’s private label brand Topvalu will also be available for shoppers on the ...
02 January 2017
The International Consumer Electronics Show (CES) is the premier event for businesses focused on consumer technologies. With exhibitors ranging from some of the world’s leading companies in this space to innovative start-ups, a broad range of technologies will be on show, with many products unveiled for the first time. With this event becoming a key part of the retailing calendar, and an impor...
15 December 2016
Southeast Asia’s largest ecommerce site Lazada is rolling out a series of initiatives to expand its capacity in the region, with help from online grocer RedMart that it recently acquired. Successful 12.12 sales event Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales. With ...