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Retail Asia26/05/2021

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Auchan Retail is considering selling its stake in a group of RT-Mart-branded stores in Taiwan and is seeking $300 million to $400 million, people familiar with the matter said. The French supermarket chain is working with an adviser to find a buyer for its 65% stake in the retail locations, the people said, asking not […]

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Retail Asia04/05/2021

Aldi Australia has taken another step toward more sustainable local operations, announcing it is committing to zero waste to landfill by 2025. The plan, according to Aldi, is to first focus on reducing food waste to landfill by 2023 by expanding segregated waste collection at stores and doubling food donations across its business, while executing […]

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Retail Asia20/04/2021

Online supermarket Supie is set to open its virtual doors in Auckland next month, aiming to change the way Kiwis shop for groceries. The membership-based supermarket will house more than 2500 products sourced from local growers and food producers. Supie also offers sustainable delivery where all packaging is recyclable or reusable. The brand implements zero-waste […]

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Retail Asia18/01/2021

Canada’s Alimentation Couche-Tard has dropped its €16.2bn ($19.6bn) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, two sources familiar with the matter told Reuters on Friday. The decision to end merger talks came after a meeting on Friday between French Finance Minister Bruno Le […]

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Retail Asia12/01/2021

Carrefour SA said Tuesday they have agreed to buy Wellcome Taiwan from Dairy Farm International Holdings Ltd. to accelerate its expansion. The deal includes 224 proximity stores as well as a warehouse and its overall enterprise value is EUR97 million (US$107.9 million), the supermarket group said. The company expects the transaction to close by the […]

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Retail Asia29/09/2020

From today, supermarket chain Giant will lower the prices of 650 daily essentials for six months by 20 percent, on average. It will also refresh its brand, with its 53 Singapore stores incorporating new features including in-store bakeries and Guardian pharmacies. The price reduction is costing Giant around $17 million and is prompted by its […]

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Retail Asia10/08/2020

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 Asia24/07/2020

Bangkok’s Tops Market Westgate has undergone a major renovation designed to position the supermarket as the “most complete premium lifestyle supermarket in Thailand”. The revamp features six “magnet” zones introducing more than 40,000 globally sourced products and focused on meeting a broad range of target consumer trends, in a move to match Central Plaza Westgate’s […]

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Retail Asia21/07/2020

7-Eleven has hit a new milestone with the opening of its 71,100th store, located in Seoul, the capital of South Korea. “7-Eleven’s iconic orange, green and red stripes are easily recognized in 17 countries around the world,” said 7-Eleven President and CEO Joe DePinto. “The company got its start because an entrepreneurial ice-dock employee saw […]

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Retail Asia10/07/2020

Retail giant Walmart has ended its membership program and is launching a new subscription service, Walmart+, later this month according to technology news website Recode. The service will cost US$98 a year and offer same-day delivery; petrol discounts and exclusive early access to the latest product deals. Walmart reportedly planned to launch the service in late […]

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Retail Asia18/05/2020

Dutch multinational retail-grocery franchise system Spar has launched six new locations in China in the midst of the coronavirus lockdown. The firm benefitted from the scale and duration of China’s lockdown being briefer than initially feared – with an early easing of restrictions during April – as it opened six new supermarkets in Beijing, Guangdong, […]

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Retail Asia30/04/2020

GS Retail, which operates the South Korean convenience-store chain GS25, has reported a huge profit increase for this year’s first financial quarter, boosted by sales of pre-packed meal kits popular during the coronavirus lockdown. GS Retailreported a KRW88.8 billion (US$72.1 million) in profit from January to March, a 314.7-per-cent increase over last year’s figures. The […]

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Retail Asia30/04/2020

Singapore supermarket operator Sheng Siong boosted net profit by 49 percent in the March quarter as sales surged due to the Covid-19 pandemic. Sales were up by 30.7 percent in the quarter, or by 19.7 percent on a same-store basis, initially due to stronger Lunar New Year sales. When Singapore’s government introduced a round of […]

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Retail Asia24/04/2020

Singapore supermarket chain FairPrice has launched a mobile grocery service dubbed ‘FairPrice on Wheels’, delivering essential groceries closer to customers’ homes. With FairPrice on Wheels, customers living far away from supermarkets can now buy products from FairPrice’s vans parked near their home. Essential products include rice, milk, eggs, canned products, vegetables and toiletries. FairPrice has […]

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Retail Asia08/04/2020

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 Asia17/03/2020

Investment groups China Resources and Yonghui Superstores, as well as some private individuals, are among potential buyers of Hong Kong’s City’Super high-end grocery chain. Current owner The Fenix Group is intending to sell a majority stake in the business in a deal that could attract US$300–400 million. The firm is likely to call for bids […]

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Retail Asia24/02/2020

Singapore supermarket operator Sheng Siong says it plans to open more stores across the city in the wake of a 7.4-per-cent profit increase last year. Sheng Siong Group achieved a net profit of S$75.8 million (US$54 million) for the December year on revenue up 11.3 percent to S$991.3 million, largely due to store network growth. […]

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Retail Asia27/01/2020

With a week to go before the Lunar New Year, or Tet, supermarkets in Hanoi are thronged with shoppers.

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Retail Asia26/12/2019

Best Mart 360, the Hong Kong-listed ‘leisure-food retailer’ opened its first store in Macau yesterday. The company – which has suffered vandalism to some 75 of its Hong Kong stores during recent protest activity – believes there is potential for as many as 15 stores in Macau. In an interview with the South China Morning […]

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Retail Asia04/11/2019

Grocery-retailer Spar China has launched five new supermarkets. The Dutch-headquartered international franchise business has opened two stores in Shandong and three in Guangdong, both Chinese provinces, and bring the chain’s total footprint in the territory closer to 400 stores. The stores are constructed in similar but not identical formats. The Huailai County, Shandong 8000sqm outlet […]

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