Asia news & analysis

14 January 2021
Lim Il-soon, chief executive of South Korean retailer HomePlus, is stepping down after leading the business for about three and a half years. The first female CEO in the industry with great achievements Appointed in October 2017, Lim was the first female CEO in the grocery industry in the country. Homeplus said Lim has brought many positive transformations for the company: L eading ...
14 January 2021
Canada's Couche-Tard, which operates the Circle K chain of convenience stores globally, has submitted a non-binding offer letter to Carrefour for a "friendly combination" at a price of EURO 20 per share, in a US$20bn deal. The terms of the transaction are under discussion, but there can be no certainty at this stage that these discussions will result in any agreement or transaction. Retail’s d...
13 January 2021
During 2020, food-to-go retailers and specialists alike had to rethink every element of their food-to-go offering to adapt to the changes in consumer behaviour brought about by the COVID-19 pandemic. This has led to a period of intense innovation as businesses seek to develop propositions that can survive the short-term unpredictability of changing restrictions and win in the long term as th...
13 January 2021
FairPrice has opened a new hypermarket with a dine-in area and local food concepts at Parkway Parade on 12 January. The space was previously occupied by Giant hypermarket until March last year. First cocktail bar in a grocery store Shoppers can order a unique in-house cocktail, the FairPrice Fizz Tipple, made with gin, lemon juice, strawberry syrup and egg white foam. Bar snacks like tortil...
12 January 2021
Amazon has discontinued its Pantry delivery service in the US and India, as it looks to offer a clearer, simpler grocery proposition to customers. Launched in 2014 Amazon Prime Pantry launched in the US in 2014, enabling Prime members to order products including non-perishable food, alcohol, personal care and household items for delivery. The aim of the service was to allow shoppers to stoc...
11 January 2021
Olive Young, South Korea’s largest health and beauty retailer, announced last week to open an online shop on Shopee, Southeast Asia’s biggest ecommerce platform. Available in Indonesia and Malaysia first About 300 products under Olive Young’s six private brands, WAKEMAKE, colorgram, RoundAround, Botanic Heal boH, Bring Green and Filllimilli, will be available on Shopee. These items will ...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
08 January 2021
We review major events that took place in China's grocery retail industry in the past year. 1. Flourishing of community stores Community store is the next big thing in China. It is estimated that 30% - 40% of the urban consumption expenditure is within 1 km of the community in China. It is an area that big format stores and online players find very hard to reach. The pandemic has acce...
08 January 2021
All Guardian Co, a joint venture between Dairy Farm and All Corporation in Thailand, will launch the first Guardian health and beauty store in 2021. Guardian store launch delayed All Guardian is a joint venture between All Corporation Co, a wholly owned subsidiary of CP All, and GCH Investments Pte under Dairy Farm International Holding Group. All Corporation Co and GCH Investments Pte hold...
08 January 2021
COVID-19 may have dampened the mood this year, but major retailers in the Philippines launched programs to keep the joyful vibe over the Christmas season. SM Retail launched a Christmas Flash Mob and Tiktok dance challenge Despite longer operating hours to manage the influx of shoppers, the largest retailer SM Markets continued to provide shoppers with entertainment while implementing safe ...