Retail and consumer goods industry news

12 March 2019
German wholesaler Metro Group will be focusing on online sales for corporate customers and building a fresh food supply chain in Myanmar. First new market entry since 2010 The wholesaler has partnered with Yoma Strategic Holdings Ltd, a Singapore-listed company to launch the service. Myanmar is the 36 th country in the group’s network. 75% of the products will be locally sourced through pa...
11 March 2019
Following on from the announcement of its results, Sun Art has said its chief executive, Ludovic Holinier had resigned from his role. The retailer said Holinier will be replaced by Ming-Tuan Huang. Huang to sustain recent strategy At the moment, Huang is chairman of RT-Mart and is responsible for the overall strategic planning and management of the Group. He has also been CEO of RT-Mart Lim...
11 March 2019
Future Retail announces expansion plans for Big Bazaar. 25 stores targeted for eastern India Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner. Of these 25 new stores, at least seven of them will be located in Kol...
11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
11 March 2019
HAO Mart opened its first supermarket on 1 st January 2016. With 47 stores opened to date, it is one of the fastest growing grocery chains in Singapore. Neighbourhood stores The retailer has focused its growth in residential areas in the last four years. The stores range from 1,500 sq ft to 7,000 sq ft and many of these are open for 24 hours. The store formats are flexed according to the l...
07 March 2019
Berli Jucker, operator of Big C in Thailand, has announced revenue growth of 5.7% to THB 109.8 bn (US$ 3.4bn) for its modern retail business unit. Profit margin declined New store openings and same store sales growth of 1% supported the strong sales performance. However, profit margin slid from 16.7% to 16.5% due to sales mix changes and higher business to business sales compared to last ye...
06 March 2019
China’s major hypermarket operator Sun Art Retail Group Ltd, set up by Auchan and Ruentex and backed up by Alibaba, reported a 7.3% fall in 2018 profit. Missing market expectations The retailer reported its net profit fell to RMB2.59bn (US$386m) from RMB2.79bn (US$386m). This was below the expected RMB2.70bn. Turnover fell by 2.9% to RMB99.36bn and same-store sales fell 1.72% year-on-year. ...
06 March 2019
AEONs Maxvalu in Hiroshima and a handful of 7-Eleven stores are reducing their operating hours in Japan. Maxvalu in Hiroshima ending 24-hour operations Maxvalu Nishinihon, a Hiroshima-based subsidiary of AEON, is ending 24-hour operations for 25 stores later this month. The company plans to refocus its staff members' attention on improving customer service. The move should also help the bus...
05 March 2019
The company announced its annual results for 2018. Growth from its China business was substantial, with operating income up by 11 times year-on-year, reaching RMB350m (US$52.2m). Growth driven by technology and transformation Digitisation, acceleration of online to offline and format transformation are cited by Carrefour as its success drivers in China. Carrefour said it would stick to the ...
04 March 2019
VinMart, a leading retailer in Vietnam, is testing “Scan & Go” feature with a mobile application in 13 stores. Integration with VinID Shoppers need to download the VinID app and be a member to use the new feature. Once the “Scan & Go” feature is selected, shoppers can scan the barcode in the store and see the product information and prices in their electronic cart. Payment can be made upon ...