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Tag: Grocery

Retail Asia10/04/2020
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Startups

Online grocery-delivery startup Kurly wins US$150m funding

1min0
South Korean premium grocery-delivery firm Kurly has procured funding of US$150 million from its existing investors. Backers contributing to the Series E funding round were Sequoia Capital, Hillhouse Capital, and Digital Sky Technologies, placing the firm’s valuation at roughly $780 million, according to Deal Street Asia. Despite the positive outlook as a successful attraction of […]
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Retail Asia08/04/2020
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General

FamilyMart Taiwan plans rolling out 200 new stores

1min0
Familymart Taiwan is aiming to open 220–230 new stores in the territory this year, as the Japanese convenience-store chain franchise, emerges unaffected by the coronavirus turmoil. The firm’s takings in this year’s first financial quarter are anticipated to rise 8.4 percent year -on year to NT$19.71 billion (US$652.3 million). FamilyMart Taiwan reported net earnings of […]
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Retail Asia08/04/2020
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Food

Thai grocery Loxley pivots to delivery

1min0
Thai grocery wholesaler Loxley is pivoting to delivery services as the coronavirus pandemic continues. Loxley’s distribution subsidiary LTC has set up an online grocery store for essential items during the country’s lockdown period, with some of the firm’s fleet of delivery trucks converted into mobile grocery stores. The mobile stores are retailing goods such as […]
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Retail Asia08/04/2020
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Food

Demand overwhelms grocery-delivery services in Malaysia, Singapore

3min0
Online grocery-delivery services in Malaysia are facing overwhelming demand, with some firms forced to suspend or limit delivery operations. A 600-per-cent spike in orders recorded last month was fuelled by panic buying while stay-at-home orders remain in force throughout the territory. Jaya Grocer suspended online deliveries in response to the surging demand, while Tesco is […]
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Retail Asia30/01/2020
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Food

Philippine grocery MerryMart to raise US$31 million in IPO

1min0
Philippines grocery operator MerryMart has filed to raise up to PHP1.6 billion (US$31 million) in its forthcoming IPO. The firm is seeking the funds to finance its nationwide expansion program, according to DealStreetAsia. It expects to operate 1200 stores within the territory following its expansion drive, including potential franchises, in an attempt to reach its […]
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Retail Asia26/12/2019
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Food

Chinese giants dominate Asia’s online grocery market

3min0
China’s two e-commerce giants are driving the most growth in Asia’s online grocery market according to a new report from international researcher IGD. JD and Alibaba now boast a combined grocery-sales growth which in value terms is outstripping that of the overall market. Asia’s online grocery market has a current value of US$99 billion, according […]
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Retail Asia14/11/2019
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E-Tailing

Coles launches grocery subscription service

4min0
Coles is taking its online grocery offering a step further with the launch of a new subscription service that allows customers to make unlimited orders for a flat monthly fee. Customers must spend over $100 in each transaction to qualify for Coles Delivery Plus, which gives the option of delivery any day of the week […]
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Retail Asia04/07/2019
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General

China to become world’s largest grocery market by 2023

5min0
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8 trillion), more than Asia’s next four largest grocery markets (India, Japan, Indonesia and South […]
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Retail Asia27/06/2019
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Food

Online FMCG sales to soar in four years

3min0
Online FMCG sales are forecast to grow 163 per cent by 2023 across major markets, according to a new report from research organisation IGD, in association with The Consumer Goods Forum. The report explores three digital retail models of the future and predictions for an increasingly digital food and consumer goods industry. It finds that Asia and […]
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Retail Asia12/06/2019
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Food

Indian grocery chains merging to create nation wide network

2min0
Two regional Indian grocery retail chains are effectively merging, creating a national player. Spencer’s Retail, part of RP Sanjiv Goenka Group, says it will pay US$42.76 million to acquire upmarket grocery chain Nature’s Basket from Godrej Industries. The deal will give Spencer’s access to the western part of India through 36 stores of Nature’s Basket […]
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Retail Asia22/04/2019
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Startups

Online grocery marketplace Dei Lifts Off in Singapore

2min0
Home-grown online grocery marketplace Dei has launched in Singapore. Standing for ‘Daily Everything’, Dei hosts more than 70 physical Singapore-based Indian retailers, and 15,000 products categorised into canned goods, clothing, locally sourced vegetables, fruit and meat. Consumers will enjoy same-day delivery along with post-sale services. “Dei was founded to promote digital transformation and introduce new […]
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Retail Asia17/04/2019
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E-Tailing

Walmart partners with Google for voice shopping

4min0
US retail giant Walmart and tech company Google have collaborated on voice technology to assist customers with grocery shopping. Starting this month, Walmart Voice Order will allow consumers to order groceries through Google Assistant by saying, “Hey Google, talk to Walmart”.  Google Assistant will then follow the orders directly and add grocery items to their Walmart […]
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Retail Asia03/04/2019
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General

Coles scores exclusive deal with the world leader

4min0
Supermarket giant Coles has entered into an exclusive services agreement with the world’s leading online grocery platform, Ocado, to double its home delivery capacity in Australia by the end of the 2023 financial year. Over the next four years, the supermarket will spend $130 million to $150 million on the construction and development of the project, which will […]
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Retail Asia07/03/2019
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Food

Coles starts selling food on eBay

4min0
Coles on Wednesday started selling a range of ‘everyday essentials’ on eBay, in a bid to reach some of the marketplace’s 11 million unique monthly visitors. The offering includes perishable and non-perishable items in Coles’ everyday essentials range across several categories, including select pre-packaged fresh food, pantry, personal care and household items. The items at […]
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Retail Asia06/03/2019
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E-Tailing

Amazon crafts new grocery offerings

1min0
E-commerce giant Amazon is plotting a new grocery business in the US. The online retail giant is planning to strengthen its supermarket brand by purchasing local grocery chains that operate at least a dozen stores, the report claims. The first store is expected to open in Los Angeles by the end of the year, with leases signed for […]
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Retail Asia01/03/2019
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Living

Lotte Mart Vietnam expands in Hanoi

1min0
Lotte Mart Vietnam has opened its third Hanoi store in Cau Giay District. The South Korean retailer’s new 2776sqm branch is located in the urban district, near seven local universities. Targeting local students, the branch will offer trendy but inexpensive products. There will be an international zone that sells products from Korea, the US and […]
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