Tag: Grocery

Retail Asia05/01/2023
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3min0
Kurly Corp. the operator of South Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions. “We decided to push back our planned IPO with the Korea Exchange (KRX), considering the contracting investor confidence amid global economic uncertainties,” the […]

Retail Asia14/09/2022
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4min0
The latest Focus Insights 2022 Grocery Shopper Report again highlights the need for suppliers and retailers alike to be mindful of changes in shopper behaviours and to focus on regularly reviewing these changes as a means of assessing where both innovation and product and promotional offers align with shopper trends and expectations. From a macro […]

Retail Asia23/08/2022
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2min0
Bach Hoa Xanh is set to become profitable in the last quarter this year after closing 400 ineffective outlets in the first seven months, Mobile World Chairman Nguyen Duc Tai has said. The bulk closure is part of the company’s plan to renovate the grocery chain and remove seven low-performing product categories, he told shareholders […]

Retail Asia31/03/2022
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6min0
Convenience giant bp is teaming with Uber Technologies on a new global strategic convenience delivery partnership, extending their existing local arrangements to reach more consumers across the world, the companies announced Tuesday. Together, bp and Uber Eats will offer an extensive range of quality convenience products, including fresh and prepared foods, from select retail locations […]

Retail Asia01/11/2021
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2min0
U.S.-based ride-hailing app owner Uber Technologies and Europe’s largest retailer Carrefour are to launch a new rapid grocery delivery service in Paris, extending their 18-month partnership, the two companies said on Tuesday. Carrefour Sprint will offer a 15-minute grocery delivery service to Parisians exclusively via the Uber Eats mobile app from nine “dark stores” – […]

Retail Asia03/05/2021
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4min0
Ready meals business Youfoodz has begun selling groceries essentials for home delivery, alongside Seasonal Fruit & Veg Boxes, amid high demand for online groceries during COVID-19. Youfoodz’s Grocery Essentials, includes a selection of grocery items, from proteins such as chicken breast, mince, Porterhouse steak, and Tasmanian salmon, all of which are under $12, to eggs, milk, […]

Retail Asia23/03/2021
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5min0
Singapore’s first regulated private securities exchange and a member of leading integrated private market ecosystem CapBridge Financial, today announced the direct listing of Jocom International Holdings, operator of leading Malaysia-based M-commerce platform JOCOM. The JOCOM mobile app connects over 500 vendors providing over 15,000 products with about 3 million customers across the whole of Malaysia. About […]

Retail Asia03/08/2020
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2min0
Singapore consumers’ migration from food halls to supermarkets during the Covid-19 pandemic has proven a windfall for grocery operator Sheng Siong Group. Sales for the June quarter surged 75.8 percent to US$304.3 million, gross profit margin improved from 27.4 percent to 28.1 percent and net profit soared 150.7 percent year on year to $33.6 million. […]

Retail Asia03/08/2020
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2min0
Chinese social commerce platform Taobao has inaugurated a new rating system to reward deserving young creators and small enterprises with broader market exposure on the fifth anniversary of the firm’s Taobao Maker Festival. The exposure is designed to bring more attention to outstanding creativity and better promote products to the platform’s 840 million users. Taobao’s […]

Retail Asia10/06/2020
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2min0
Grab has expanded its grocery-delivery service GrabMart into eight Southeast Asian markets within the last three months. Initially launched in two countries as an on-demand daily essentials delivery service during the Covid-19 pandemic, GrabMart is now available in 50 cities across eight Southeast Asian countries, including Myanmar and Cambodia. “Covid-19 has accelerated the adoption of […]

Retail Asia04/06/2020
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3min0
Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement later this year after regulatory approvals have been granted.  The deal – worth about €97 million – includes about 224 stores and warehouses, along with some property assets. Wellcome Taiwan’s turnover last year was approximately €390 million. The […]

Retail Asia12/05/2020
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2min0
Kurly, a South Korea-based grocery-delivery startup, has netted Series E funding totaling KRW200 billion (US$160 million). The funding round for the five-year-old company was led by DST Global, with additional participation from several existing backers – including Hillhouse Capital, Sequoia Capital China, Fuse Venture Partners, SK Networks, and Translink Capital. Newcomer Aspex Management also contributed […]


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