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Tag: convenience store

Retail Asia04/11/2020
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General

7-Eleven Malaysia appoints CEO team

2min0
7-Eleven Malaysia Holdings Bhd has appointed CFO Wong Wai Keong and executive director Tan U-Ming as the co-CEOs for the company, effective Dec 1, 2020. Wong will also be appointed as an executive director of the company, effective Nov 1, 2020. They will jointly succeed Colin George Harvey, who will relinquish his post as executive […]
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Retail Asia31/08/2020
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General

7-Eleven Malaysia keeps profit levels as before Covid-19 outbreak

1min0
Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million. The business remained healthy […]
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Retail Asia10/08/2020
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General

FamilyMart set to test robotic c-store staff

5min0
FamilyMart will this month deploy a robot that vaguely resembles a kangaroo to stack sandwiches, drinks and ready meals on shelves at a Japanese convenience store. The robot’s maker, Telexistence, hopes the trial will help trigger a wave of retail automation. Following the trial, FamilyMart says it plans to use robot workers at 20 stores […]
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Retail Asia15/01/2020
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General

South Korean convenience stores wind back 24-hour service

2min0
South Korean convenience-store owners are canceling 24-service as minimum wage rise has eroded profits. Last year, president Moon Jae-in launched a campaign to raise the hourly minimum wage by 29 percent over two years. With night-shift employees earning time-and-a-half pay, franchisees have been struggling to pay part-time staff during the small hours. Not all stores […]
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Retail Asia10/10/2019
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General

South Korea’s CU convenience store chain to open in Vietnam

1min0
South Korea’s CU convenience store chain will expand its footprint to Vietnam, its second international market after Mongolia. BGF Retail, the operator of CU, signed a master-franchise agreement with CUVN, a Vietnam-based convenience store operator, on Tuesday. CUVN will be in charge of investment and operations in Vietnam market as BGF Retail contributes its brand […]
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Retail Asia28/02/2019
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Food

7-Eleven Taiwan to sell freshly-baked Domino’s Pizza

2min0
Taiwan 7-Eleven operator President Chain Store Corp is trialling a dual-branded store with Domino’s Pizza in Taipei’s Xinyi District. In doing so, the Taiwanese retail company has created the first convenience store in the country to offer fresh-cooked pizza with groceries and if successful, it will pave the way for a roll-out in selected stores. […]
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Retail Asia22/02/2019
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Living

Emart24 ups the booze to capture solo drinker market

1min0
Convenience store chain Emart24 will expand its alcohol selection tenfold at around 500 branches this year, the brand said Wednesday. The products will be offered using the shop-in-shop model with 120 products, including wine, whiskey and micro-beers, displayed in a dedicated corner. Three to six racks will be added at each outlet to hold the products. […]
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Retail Asia21/02/2019
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Living

CU convenience stores parent records sales leap

1min0
The operator of South Korea’s CU convenience stores, BGF Retail, has achieved KRW189.5 billion (US$168.9 million) in operating profit last year, a leap of more than 600 per cent over last year. The company said on Tuesday its sales had risen by 515.3 per cent to KRW5.77 trillion ($5.14 billion). The results confirmed market predictions […]
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Retail Asia18/02/2019
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General

7-Eleven may make India foray with Future Group

2min0
Convenience store chain 7-Eleven is holding advanced talks with India’s Future Group to enter the territory. The parties may announce an agreement to launch a network of 7-Eleven India stores next month, according to inside reports. Future Group would operate small format stores as a master franchisee, with a focus on food retailing. The partnership […]
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Retail Asia18/01/2019
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General

7-Eleven Malaysia appoints Tsai Tzung-Han as director

2min0
Convenience store chain operator 7-Eleven Malaysia Holdings Bhd has appointed Tsai Tzung-Han (pix) as a non-independent and non-executive director, effective Jan 16, 2019. Tsai, 42, is currently the vice chairman of Cathay United Bank, a subsidiary of Cathay Financial Holdings which is listed in Taiwan. He also serves as a director on the board of Cathay Life […]
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Retail Asia16/01/2019
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General

7-Eleven parent sales surges: Report

1min0
Japanese retail giant Seven & I has reported a 15.8 per cent increase in net sales for the nine months to November. Profit rose by a less impressive 2.9 per cent. The 7-Eleven parent said its overseas convenience store business achieved an impressive 15.7 per cent increase in operating profit year on year. At home, […]
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Retail Asia08/01/2019
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General

South Korean convenience store openings slow down

1min0
South Korean convenience store openings in South Korea fell last year, according to industry data. Thought to be the effect of increasing labour costs and market saturation, the slowdown has manifested amongst several industry operators – including BGF Retail’s CU, which opened 980 fewer stores than the previous year’s total of 1646; and GS25, which […]
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Retail Asia31/12/2018
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Logistics

FamilyMart expands Bangkok delivery service with Kerry

1min0
Convenience store chain FamilyMart has partnered with logistics operator Kerry Express to expand its Bangkok delivery service. “Today, the e-commerce market has grown continuously for more than 20 per cent annually, and individual consumers have also had a greater demand for express delivery over the past three to five years,” said Central FamilyMart president Chiranun […]
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Retail Asia27/12/2018
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Food

Saigonese spend $11.5 a month on convenient food and drinks

3min0
Each Saigon resident spends $11.5 on average per month on convenient foods and drinks, a consumer research firm says. The product groups most often chosen by consumers are non-alcoholic drinks, nutritional beverages, confectionery and snacks like instant noodles, sausages and pies, according to a study on Saigon consumers’ out-of-home (OOH) spending. The study was recently done […]
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Retail Asia24/12/2018
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Living

7-Eleven Malaysia eyes 200 new stores next year

3min0
7-Eleven Malaysia Holdings Bhd is looking to expand the number of the convenience store chain outlets by at least 200 new stores next year. In 2017, 7-Eleven Malaysia opened 126 new stores. Berjaya Corp founder and executive chairman Tan Sri Vincent Tan Chee Yioun said 7-Eleven Malaysia is also looking at increasing the number of […]
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