Retail and consumer goods industry news

25 April 2019
The three leading convenience store chains in Japan are facing increasing challenges to hiring staff for their stores. Labour shortages driven by the country's ageing population is deepening and retailers opening new stores require new workers. Discounts and benefits for workers The current approach for many convenience store operators is to incentivise workers with benefits and discounts. ...
24 April 2019
AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...
23 April 2019
Dei, an online grocer in Singapore which focuses on Indian groceries, aims to create more marketplaces for different communities in Singapore. Dei brings together Indian merchants on Little India Dei which stands for "Daily Everything Indian" is a startup that partners supermarkets, wet markets, small provision shops and specialty stores to sell groceries online. The marketplace was launche...
18 April 2019
Amazon is reportedly shutting down its domestic ecommerce marketplace business in China by mid-July. It will focus on cross-border business. A challenging ecommerce market Amazon has been facing fierce competition from Chinese ecommerce companies. Alibaba and JD.com can deliver a larger range of products to Chinese customers faster with their scale and infrastructure. There are also smaller...
18 April 2019
Coupang’s revenue for 2018 hits KRW 4.42tn (US$ 3.5bn), a new record for Korea’s ecommerce market. Growth supported by heavy investment The retailer’s revenue grew by 65% over 2018, an impressive leap from 40% growth in the previous year. Its losses also jumpred to KRW 1.1tn last year from KRW 638.8 bn in 2017. The eight-year-old retailer has lost money every year and will continue to inves...
17 April 2019
We round up the latest trading updates and news for Japan's four largest retailers, Seven & i Holdings, FamilyMart UNY, Lawson and AEON. Seven & i posts 12.5% increase in revenue Seven & i Holdings has released a strong set of annual results (ending 28 February 2019), posting a 12.5% increase in operating revenue to JPY6,791.2bn (US$60.7bn), with operating income up 5.1% to JPY411.5bn (US$3...
17 April 2019
Japanese cosmetics company Shiseido and A.S. Watson have partnered to launch an exclusive derma skincare range under the “D Program” brand. A.S. Watson working closely with brands A.S. Watson partners brands to drive innovation. Last month, we outlined how it is partnering L'Oréal's AI and AR firm ModiFace have launched a virtual makeup service . The retailer's latest initiative is to ...
17 April 2019
Customers at select GS25 convenience stores in South Korea will be able to charge shared electric bicycles from June. Shared electric bicycles and charging facilities GS Retail's convenience chain, GS25, is setting up charging facilities for 800 electric bicycles in partnership with GoGoSing at its stores. The service will be made available in Gangnam District in Seoul and Pangyo in Gyeongg...
15 April 2019
Amazon has increased the price of Amazon Japan’s Prime membership. Fee flat for 11 years Amazon Prime was launched in Japan 11 years ago and the 3,900 yen cost has remained unchanged up until now. Amazon has increased the cost to 4,900 yen (US$44), a 26% increase. The company cited the growing number of services available to members. In recent years, Amazon has improved its offering in Japa...
15 April 2019
India’s largest ecommerce retailer optimises its supply chain with a string of innovations. Using data science to reduce costs and improve efficiencies Flipkart is relying on technologies such as artificial intelligence, data science and the internet of things to optimise its supply and logistics chain. The ecommerce retailer has created a supply chain that features these technologies to ha...