Retail and consumer goods industry news

27 February 2019
Retailer partners with PhonePe to launch a unified payment interface (UPI) Kirana owners will benefit the most Members shopping at Walmart India’s Best Price stores can now make use of the PhonePe app to pay for their purchases. The system is now available to the one million plus members and can be used across all 23 Best Price stores in the country. PhonePe is a digital payments platfor...
26 February 2019
President Chain Store Corp, operator of 7-Eleven in Taiwan is testing a new concept store, which offers Domino’s Pizza.  Domino's Pizza in 7-Eleven The co-branded store will be launched in Taipei’s Xinyi District, offering freshly cooked pizza from Domino's. Pizzas will be cooked on-site and priced between US$2.9 and US6.8. The trial store aims to target busy workers and the retailer hopes ...
22 February 2019
CP ALL, the Thai operator of convenience chain 7-Eleven and wholesale business Siam Makro, reported total revenues of THB527.9bn (US$16.9bn) last year. Total profit recorded 7.8% growth over the previous year, due to improved performance from both 7-Eleven and Siam Makro’s businesses. Expansion of 7-Eleven key to growth 7-Eleven store sales gained 10.8% to THB30bn (US$959m) compared to FY20...
22 February 2019
Chinese ecommerce giant JD.com is partnering with Rakuten on delivery in Japan. JD.com's drones will become a part of Rakuten's own unmanned delivery services. JD.com's drones JD.com has been developing and operating drones in China for a few years. It has been expanding in other Asian countries, such as Indonesia, where JD.com completed its first government approved drone flight. Its unman...
20 February 2019
Walmart released its fourth quarter and fiscal year 2019 results this week. The company finished the year with good momentum and is pleased with its performances in international markets. Walmart’s key numbers Walmart's total revenue in Q4 increased by 1.9% to US$138.8bn US comp store sales increased by 4.2%, and by 6.8% on a two-year basis, the strongest in nine years Sam's Club c...
20 February 2019
Central Group, which operates Central Food Hall and various formats under the Tops banner, has invested US$200 M in Grab Thailand. Grab Holdings Inc is Southeast Asia’s leading online to offline mobile platform with parcel delivery, car hailing and food delivery services. New Central, New Economy The investment is a non-controlling stake in Grab that brings together a partnership across tra...
15 February 2019
American manufacturer and distributor Avery Dennison has announced that it will work with the Japanese government to drive RFID technology roll-out in convenience stores across Japan. Roll-out across Japan by 2025 We have already seen some of the leading convenience operators, e.g. Lawson launch new style checkouts in recent years. This latest announcement should help accelerate the roll-ou...
15 February 2019
FamilyMart plans to open an additional 300 stores across Malaysia.  Room for growth in convenience channel QL Resources, the operator of FamilyMart Malaysia, has reaffirmed its plans to open an additional 300 stores in Malaysia. The retailer opened 30 stores in the country during the previous financial year and another 90 stores in this financial year, ending 31 March 2019. Chia Song Kun...
15 February 2019
Ant Financial, an Alibaba subsidiary and the operator of AliPay, is acquiring a UK based money transfer company WorldFirst for more than £500m (US$640m). Global expansion This deal marks Ant's biggest Western expansion, boosting its global presence significantly. It would help Ant and AliPay to increase its  customer base globally to enhance cross-border money transfer capabilities of Alipa...
14 February 2019
Japanese discount operator, Don Quijote (known as Donki) is launching its first stores in Thailand next week and in Hong Kong in July. A fun and vibrant banner... Don Quijote is well-known for its fun, ceiling-hanging merchandising, colourful and eclectic mix of products in-store, e.g. costumes, general merchandise, food and grocery, cosmetics and souvenirs. Donki's grand opening in Thai...