Asia news & analysis

25 July 2013
The retail arm of India's Reliance Industries Limited (RIL) reported growth of 53% in Q1, with turnover reaching IND 34.7bn (USD 588m). Strong Q1 performance across multi-format portfolio Same store sales growth ranged between 10-22% across Reliance Retail's varied grocery, jewellery, fashion and digital store network. The company operates over 1,500 stores across 134 cities in India ...
25 July 2013
Domestic retailer Mydin launches its new high-end Sam's Groceria banner to cater for Malaysia's affluent shoppers. Mydin adding to its multi-format portfolio Traditionally positioning itself as a value-orientated retailer, Mydin  operates a multi-format store portfolio including hypermarkets, supermarkets, convenience stores and cash and carry outlets. Plans to diversify into premium grocer...
24 July 2013
@WalmartLabs has acquired Torbit, a technology company specialising in front-end optimisation. Its primary focus has been to develop measurement, analytics and performance improvement tools to help companies identify and enhance their overall site performance. Talent acquisition an important element of the deal Strategic acquisitions have been a key element of the growth and development str...
24 July 2013
Speaking at Fortune's Brainstorm Tech conference, Neil Ashe, CEO of Global E-commerce at Walmart, said that the success of its multichannel initiative will be defined at a point when the retailer does not care where its sales come from. “Success is when we don’t care. An ultimate measure of success is when you decide you want to buy something from Walmart, and we don’t care if you buy it on y...
22 July 2013
A.S. Watson has implemented a strategic review which may result in the sale of its Hong Kong ParknShop supermarket operations. Strategic review underway A.S. Watston , part of Hong Kong's Hutchinson Whampoa conglomerate, is conducting an internal review of its supermarket retail business. The company announced its review was to ascertain the course of action that would "optimize value f...
22 July 2013
Bharti Retail, Walmart's local partner in India, has returned 17 properties intended to become Easyday stores, India's Economic Times reports. Speculation over the future direction of Bharti Retail and Walmart's partnership Bharti Retail, part of telecommunications-focused business Bharti Enterprise, signed a joint venture agreement with Walmart in 2007. Together they operate BestPrice ...
20 July 2013
IGD has launched a new look Retail Analysis service, which is easier to use and adds new functionality and benefits. You'll notice new features across the site - but here are our three favourites. 1. A new, insight-rich home page You've probably seen this one already. We've brought together more of our news onto our homepage, and added in more information about our latest, must-see insig...
18 July 2013
The latest news from China Resources Enterprise and Yonghui, two of China's leading domestic retailers. CRE's Suguo on track with store openings Suguo, one of China Resources Enterprise's leading fascias, is on track with store expansion, Chinese press reports. The retailer opened 70 new stores in the first half, reaching a total of 1,400 stores operating under the banner. A further 10...
17 July 2013
Ministop enters the markets, whilst domestic retailer Matahari continues expansion in Sumatra. Matahari growing regional presence Indonesian multichannel grocery retailer Matahari opens its 85th hypermarket in Pematangsiantar, North Sumatra, increasing store concentration in east Indonesia. In 2013 Matahari plans to open around 20 hypermarkets, adding to a target of 80 new stores by 201...
17 July 2013
CP All plans aggressive expansion of its convenience format Fresh Mart to double sales in three years, the Bangkok Post reports. 1,000 new stores by 2016 The retailer plans to add a further 80 Fresh Mart convenience stores in the second half of 2013. In the medium term it plans rapid expansion, adding between 300-350 stores each year to 2016, driving sales to double within that time fram...