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Retail Asia10/05/2023

Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to VND483 billion. The Cat Linh – Ha Dong Metro Line began commercial operation […]

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Retail Asia28/12/2022

The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by Deputy Prime Minister Le Minh Khai. The Ministry of Planning […]

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Retail Asia03/09/2021

Metro aims to cease the operative business by the end of October 2021, whereby all 10 stores and the delivery business will be closed. The company has thoroughly analysed alternative options but sees no path to profitable growth and a leading wholesale position in the Japanese market. The exit of METRO Japan business will lead […]

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Retail Asia07/06/2021

Fares on Hanoi’s first metro will range from VND8,000-15,000 ($0.35-0.65). City authorities have also decided that a day pass on the Cat Linh – Ha Dong metro line for unlimited trips will cost VND30,000. A monthly pass will cost VND200,000 and half that for students and workers at industrial parks. For businesses buying the monthly […]

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Retail Asia02/04/2021

Hanoi’s first metro line Cat Linh – Ha Dong is set to be handed over to city authorities in May for commercial operation. The company that built it, China Railway Sixth Group Co Ltd., on Wednesday began the process of handing over the Cat Linh – Ha Dong Metro Line to local authorities. The handover […]

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Retail Asia01/09/2020

Decathlon Singapore is opening a new experience store in Orchard Rd, the brand’s fifth experience store in the city. Located at the Centrepoint shopping mall, Decathlon Orchard spans two floors, occupying a 3200sqm area. The store will feature some 5000 products spanning more than 50 sports. In the new Decathlon Singapore experience store, customers will […]

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Retail Asia12/08/2020

Apple iPhone users worldwide started to get frustrated when global agencies suggested that face masks be worn as a preventative measure against the spread of COVID-19. That’s because those iPhone models using Face ID couldn’t verify the identity of the person holding the phone because of the mask. As good as Face ID is in […]

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Retail Asia01/04/2020

Metro Retail Stores Group in the Philippines has reported a 21.5-per-cent growth in income to US$20.80 million (Php1.06 billion) last year. The growth was driven mainly by an 11.3-per-cent increase in sales to $722.31 million (Php36.8 billion) with operating expenses rising by a lesser rate of 9.3 per cent. Additional insurance recoveries relating to a […]

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Retail Asia26/02/2020

European wholesale group Metro Cash & Carry will launch five new locations in India by the end of the year. The firm is also building its supply partnerships with local small-scale “kirana” stores, and has already secured 2000 partners in Bengaluru, Hyderabad, and Delhi. It has provided these small businesses with specialized point-of-sale devices outfitted […]

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Retail Asia21/02/2020

An elevated section of Ho Chi Minh City’s Ben Thanh-Suoi Tien Metro Line 1 will be tested out within the third quarter this year. This elevated section crosses Ho Chi Minh City’s District 9, spanning from central Binh Thai Station to Long Binh Depot, a train maintenance center, the HCMC Management Authority for Urban Railways […]

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Retail Asia23/10/2019

Chinese retail group Wumart has won a lengthy bidding process for the Metro China business. The German grocery and hypermarket retailer commenced a search for a buyer for the business in March, with various sources reporting an asking price of between US$1.5 billion and $2 billion. As many as eight bidders were in the running […]

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Retail Asia10/09/2019

After five years at The Centrepoint, Metro Department Store will shutter its flagship next month. The announcement heralds the latest in a series of closures at the 36-year-old mall, which has close to 10 vacant units with more already expected to come. However, Frasers Property has since confirmed that sports-goods retailer Decathlon will take over […]

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Retail Asia16/08/2019

Convenience-store operator FamilyMart Taiwan plans nearly 40 new stores in railway stations this year. The Japanese-headquartered company has just opened three new outlets in Taiwanese stations at Badu, Wanhua, and Luodong. Two more are about to open at the main Taipei station, with another 32 planned for 23 stations within two months. Once complete, the […]

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Retail Asia01/07/2019

The German-headquartered wholesale food-and-grocery retailer is looking to open in Mandalay, Nay Pyi Taw, Taunggyi and other major metropolitan locations in the region. “We are constantly expanding our customer base and have set a very ambitious target. You will see good news in the very near future,” said Metro Wholesale Myanmar CEO Jens Michel. “The […]

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Retail Asia19/06/2019

Eight, not four, bidders have until June 10 to lodge a non-binding bid for the cash-and-carry business. Yonghui Superstores – part-owned by Dairy Farm Group – is among at least eight bidders shortlisted by Metro AG to tended for its Chinese business. The Metro China business is estimated to be worth between US$1.5 and $2 […]

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Retail Asia18/06/2019

Operational staff for Hanoi’s first metro line has been trained, but its opening date remains up in the air. 86 of them are in the driving department, with 46 main drivers. The rest are substitute drivers and technicians. All drivers have been trained and have practiced in Beijing, China for a year. Their experience ranges […]

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Retail Asia16/05/2019

Germany’s Metro has shortlisted four prospective bidders for its China business, including two of Mainland China’s largest retail groups. The Metro China sale has been in planning since last September, with formal bids invited in March as the German retail giant looks to quit the challenging market. Metro AG has invited Suning Holdings, Yonghui Superstores, […]

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Retail Asia29/03/2019

The Hanoi People’s Council has proposed 15 days of free travel after the first metro line opens. The proposal, released for public comment Friday, will apply once the Line 2A: Cat Linh-Ha Dong elevated railway starts operating commercially. The city also plans to subsidize 50 percent of the monthly fare for students, workers from industrial […]

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Retail Asia26/03/2019

German wholesaler Metro has called for bids for its China operations. The firm was reported last September to be considering exiting its Metro China retail business as part of a plan to focus on wholesaling activities worldwide. The sale is partially in response to the emerging strength of e-commerce in China. According to industry insiders, Metro is […]

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Retail Asia20/03/2019

The launch of Metro Myanmar business marks the German wholesaler’s 36th international market. The company has announced a warehouse in Yangon, aiming to serve local professional customers in the fast-growing hospitality and tourism sectors. “The food wholesale industry in Myanmar offers big potentials for Metro,” said the firm’s COO and management board member Philippe Palazzi, […]

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