RetailAnalysis
17 February 2017
Malaysia: convenience chain myNEWS.com partners with EasyParcel

MyNews.com, Malaysia’s homegrown news and convenience chain, partners with ecommerce shipping provider EasyParcel to offer last-mile delivery service.

New service expected to increase customer volume

Bison Consolidated Bhd, which operates 320 myNEWS.com, will provide a new service to allow customers to pick up and drop off their parcels at all their outlets. This service called PGEON, is a partnership with EasyParcel. While the group has not disclosed expected earnings contribution from this collaboration, it is expected to increase footfall.

Bison to open another 70 outlets this year as competition gears up

The group has set aside RM14m (US$3.1m) to add 70 outlets in financial year 2017. The expansion will be concentrated in Malaysia where competition is heating up. 7-Eleven leads this channel with more than 2,000 local stores, with plans to set up another 200 per year. FamilyMart, ranked the second largest convenience store chain in the world, has just entered Malaysia. They launched 4 stores in 2016, targeting a total of 300 in five years. Besides store expansion, Malaysian consumers can expect a wider range of products and services as retailers compete to differentiate from each other.

About EasyParcel

Exabytes launched EasyParcel in 2014. It is the first integrated web-based logistics platform to connect major logistics and shipping service suppliers. They provide an integrated ecommerce platform with DHL, SkyNet, Poslaju, Nationwide and Airpax for business and consumers.

Want to know more about retailing in Asia?

RedMart is Singapore’s leading online grocery retailer and was recently acquired by Southeast Asia’s largest online marketplace retailer, Lazada. To explore the opportunity of online retailing in Singapore and potentially partner with RedMart, attend the retailer’s annual supplier conference in Singapore on 23 February.


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