Retail and consumer goods industry news

01 March 2019
South Korean retail giant Shinsegae is to open a new Emart Traders store in Seoul this month, which will be its first branch in the capital.  High expectation of the new branch This first Emart Traders in Seoul will be located in Wolgye-dong, Nowon District. It will be in the parking lot of Emart’s Wolgye store, with 45,302 square meters of floor area. The first Seoul branch is expected ...
01 March 2019
For the full year of 2018, JD.com reported net revenues of RMB462.0bn (US$67.2bn), representing a 27.5% increase from the full year of 2017. Expanding customer and merchant base Net revenues1for the fourth quarter of 2018 were RMB134.8bn (US$219.6bn), an increase of 22.4% from the fourth quarter of 2017. JD.com’s sales are seasonally high in the fourth quarter due to promotions surrounding ...
01 March 2019
Seven & i Holdings partners with Future Retail to develop and operate its iconic brand in the country. First stores expected this year 7-Eleven, the world’s largest convenience retailer, announced that it has signed a master franchise agreement with Future Retail to begin operations in the country. The deal looks set to benefit both parties as the Future Group gains access to global tech...
01 March 2019
Mobile World, operator of Bach Hoa Xanh chain of neighbourhood convenience stores, is boosting its investment in its grocery subsidiary. Fuel for high potential growth Mobile World Investment is injecting another VND1tn (US$43m) to develop Bach Hoa Xanh, bringing its total investment to VND3tn (US$129m) in the last couple of years. The company reported that Bach Hoa Xanh contributes only 4%...
28 February 2019
Dairy Farm has reported its 2018 annual results. Performance of its Health and Beauty segment was strong, but its Food business saw further decline. Annual sales up 4.1% Dairy Farm posted sales growth of 4.1% to US$11.7bn for the fiscal ending. Consolidated sales including joint ventures and associates increased 0.6% to US$21.9bn. During 2018, the retailer sold its Giant hypermarket s...
28 February 2019
Revenue for the supermarket chain increased by 7.4% versus last year. Store openings boosts growth Singapore supermarket operator Sheng Siong Group reported positive growth for 2018, with revenues of SGD890.9m, an improvement of SGD61m versus last year. Out of the 7.4% increase in revenues, 10.1% was contributed by new store openings. In total, the retailer added 10 new stores to its networ...
28 February 2019
Sales for 2018 grew by 1.3% from previous year. Strong fundamentals driving growth Expansion of the store network, higher average spend per customer and positive response to promotional activities are the reasons that have driven the growth for 7-Eleven Malaysia. The convenience retailer ended the year with revenue of MYR$2.22bn, an increase of 1.3% versus the previous year of MYR$2.19bn. C...
28 February 2019
South Korean retailer Lotte Mart has just added its 14 th store in Hanoi. New store targets students The new 2,776 sq m store is located in Cau Giay district, an urban area near seven local universities. The store has trendy yet affordable products items from Korea, US and Europe. It also provides cooked food and easy to cook food suitable for single households and college students. About ...
27 February 2019
NTUC FairPrice launched a new Finest store last week at TripleOne Somerset right along Orchard Road, the famous shopping strip in Singapore. The store highlights different aspects of health and wellness and self-service technologies for shoppers’ convenience. Wider organic and health food range The store is visible from the main street and its main entrance opens to a large departmen...
27 February 2019
Hailed as South Korea’s answer to Amazon, Shinsegae is to launch SSG.com in March 2019 by integrating its two online businesses. Integration driven by demand SSG.com is formed by combining Shinsegae’s two online business units, the Shinsegae mall and the Emart mall. The company made the announcement  back in January 2018 and is now going ahead with the plan. “ The integration of onlin...