Asia news & analysis

16 September 2020
Big C's sales declined by 6% year-on-year for the half of the year, as non-food retail areas were closed and hours were limited due to night-time curfew. The retailer is making plans for the future to return to growth and prevent further business disruptions. Strategies for adapting to new normal The retailer has listed four priorities for growth post the crisis: Product assortment: f...
16 September 2020
Mobile World Corporation, which operates a chain of convenience stores called Bach Hoa Xanh, will partner farmers to grow clean and vegetables for sale at its stores. 4K Farm project with experts The retailer will invest in a model of growing clean vegetables in 4K Farms with four criteria: No pesticides No growth agents No preservatives No genetically modified varieties ...
11 September 2020
COVID risk remains high in the country. The government issued stricter social distancing measures, known as Level 2.5, on 31 August. Online firms are working hard to cope with the sudden increase in demand for fresh food grocery under the new guidelines. Stricter social-distancing measures issued on 31 August The government adopted a three-tier social distancing scheme on 28 June and rai...
10 September 2020
China's largest retailer, Sun Art Group, a joint venture between Auchan and the Ruentex group, opened its first supermarket in September. Developing a multi-channel and multi-format business On 1 September, RT-Mart's first supermarket, RT-Mart Super, is opened in Changzhou. This is RT-Mart's first medium-sized store. With a sales area of 3,900 Sq m, the store carries more than 1,500 SK...
04 September 2020
Japan’s anti-monopoly regulators are encouraging convenience store chains to provide franchises the option to reduce store trading hours. 24 hours trading a hot topic In a report by the Fair Trade Commission, it said, "We indicated that it could be a problem under the anti-monopoly laws. We requested immediate improvements and asked that improvements be reported to us." The commission war...
02 September 2020
The group is reported to increase its ownership stake in YTO Express, a Chinese courier firm. Looks to consolidate dominance in the global express delivery market According to a report by Reuters, Alibaba is currently negotiating with YTO Express ownership, as the former looks to consolidate its dominance in the global express delivery market. Alibaba currently owns a 10% stake YTO. Th...
02 September 2020
WeMakePrice, a South Korean ecommerce platform, announced this week that grocery shoppers can now receive a full refund for perishable goods if the products are not up to their standards. Meeting customers’ needs with zero returns The new initiative comes after the online retailer trialed a similar service last month for meat products and nuts, which the company says was met with a warm r...
02 September 2020
The first 7-Eleven convenience store in Laos will open in Vientiane in 2022. 30 years master franchise agreement CP group has invested in feed, poultry and food business in Laos for about a decade. With a young population, Laos offers a good opportunity for retail business which can also support the sale of CP food products. Joe DePinto, CEO and President of 7-Eleven, said,  "with its remar...
02 September 2020
Reliance Retail Ventures, a subsidiary of Reliance Industries, will buy Future Group’s retail and wholesale business including its logistics and warehouses for US$3.4bn. Reliance strengthens leadership position Reliance Retail is India’s largest retail store operator including 621 Reliance Fresh (neighbourhood stores) and Reliance Smart (supermarkets), 52 Reliance Market (cash and carry), 7...
01 September 2020
Yonghui has closed three Bravo supermarkets and 14 Mini Stores in China. Our view Despite the recent store closures, Yonghui remains one of the fastest growing retailers in China. Revenue grew 20.4% in 2019. Its strong fresh offer and omnichannel operations continue to support growth. Yonghui remains committed to format innovation and store expansion. It opened, for example, more than 500 ...