Retail and consumer goods industry news

15 May 2019
FamilyMart is reportedly suing to end its partnership with Taiwanese conglomerate Ting Hsin Group in China. Dispute over royalties and visibility FamilyMart has accused Ting Hsin of failing to arrange a fair share for profits it earned from its business in China, and not providing adequate information on the venture’s profitability. More about the partnership FamilyMart first establis...
15 May 2019
Rakuten has published its results for the first quarter, with Group revenue up 15.9% to JPY280,294m (US$2.5bn) compared with the same period last year. Internet Services revenue up 13.8% Year-on-year revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 13.8% to JPY169,975m (US$1,5bn). Profit jumped 620.8% to JPY111,645m (US$1bn) ...
15 May 2019
Berli Jucker, operator of Big C, reports revenue of THB30.9bn (US$979m), gaining THB1.6bn (US$50.5m) over the same period last year. Solid growth due to expansion The revenue growth is driven by continued store network expansion with 27 Mini Big C in the quarter. 13 convenience stores were closed. By the end of March 2019, the retailer has 147 hypermarkets, 61 supermarkets, 797 Mini Big C a...
15 May 2019
Honestbee will stop delivering food from restaurants and temporarily suspend laundry service in Singapore from 20 May.  Strategic review to optimise business The retailer will continue to operate its grocery delivery service and cashless supermarket called habitat in Singapore. However, shoppers will not be able to order food and laundry delivery services from next week. The retailer announ...
15 May 2019
Aeon Orange Thanlyn Sakura is opened in Yangon, Myanmar’s capital city, selling home electronics, clothing and other household items on top of foods. First hypermarket in the region The new hypermarket is 2,800 sq m, triple the size of its supermarket. In addition to grocery and general merchandise, there is a ready to eat selection of local dishes, salads and desserts in a 70 sq m dining a...
13 May 2019
In 2018, Sheng Siong opened 10 new stores, bringing its total store count to 54 and total retail area to more than 46,000 sq m. We recently visited its store in Junction 10, Woodlands Road and bring you some in-store highlights.  Source: IGD Research Located in a shopping mall near the Bukit Panjang MRT station, this 1,900 sq m store contains a wide range of fresh foods as well as packag...
10 May 2019
Alibaba and Bailian Group are planning to open 500 Ego convenience stores in China this year. New Retail convenience stores The first store, which has opened in Shanghai, operates around 500 sq m and has six key areas: coffee, bakery, foodservice, fresh, grocery retail and leisure/dining. About two-thirds of the store area is dedicated to fresh or foodservice, including coffee, bakery an...
10 May 2019
SM Retail has announced Q1 results for the period ending 31 March 2019, with total revenue up 13% to PHP79.0bn. Food revenue up 17% to PHP41.8bn The food side of the business continued to see strong growth during the period, driven by positive like-for like sales in existing stores, as well as the opening of 1 SM Supermarket, 1 Savemore and 52 Alfamart stores. Although the retailer didn't o...
09 May 2019
The Chinese ecommerce giant confirmed this week that it has closed its office in Australia less than 15 months after opening in February last year. A measure to mitigate losses JD.com’s Australian office in Melbourne, where Alibaba also has an office, was a step for the company to work closely with Australian suppliers and sell Australian goods, including food, wine, health supplements, vit...
09 May 2019
Vietnam's largest drugstore chain Pharmacity receives funding from Mekong Capital. Aggressive expansion plans Estabilshed in 2011, Pharmacity has rapidly grown its network to 186 stores in Vietnam and aims to have 1,000 stores within the next two years. “ Our partnership with Mekong Capital will empower us to continue improving healthcare for the Vietnamese people and help accelerate our gr...