Asia news & analysis

17 June 2013
Yahoo has launched its latest online service initiative in Hong Kong, selling and delivering premium fresh grocery products. Building on existing one million shopper base South China Morning Post reports the service is the first of its kind within the Yahoo international service and will target existing users of the company's other shopping sites, Yahoo Deals and Yahoo Outlet. The servi...
17 June 2013
In Malaysia, 7-Eleven will extend its store numbers through partnership with fuel service station operator Caltex. In the Philippines, 7-Eleven targets 1,000 stores by the end of 2013 to maintain market leadership. 7-Eleven Malaysia partners with Caltex 7-Eleven Malaysia has formed a partnership with Chevron Malaysia Ltd, operator of Caltex service stations, to establish 7-Eleven  stores o...
13 June 2013
One of China's leading grocery retailers revealed plans to boost its store network through the addition of 80 new premium format stores by 2016. High end stores: a small but significant part of the portfolio At the end of 2012 CRE's network encompassed 4,425 stores in Hong Kong and mainland China . Premium formats accounted for only a handful of these: 20 Ole' stores and 11 blt stores. ...
13 June 2013
Multi-format grocery retailer Puregold plans to open 25 new stores this year to reach a total of 200 stores by 2014. Nationwide store coverage Puregold operates convenience stores, supermarkets, discount and wholesale stores under a variety of banners. The network reached 156 stores at the end of 2012 with new store openings contributing to net sales growth of 47%. The retailer plans to ad...
08 June 2013
The final day of IGD’s trip to Bentonville included the Annual General Meeting, the focal point of its shareholders week, with a high energy early morning meeting of 14,000 Walmart associates and shareholders. Senior execs then also gave a Q&A with analysts. Shareholders' Meeting As always, the event included some big name acts including host Hugh Jackman and performances from John Legend, K...
07 June 2013
Day two of IGD’s trip to Bentonville included a visit to a Walmart Distribution Centre, a Supercenter and meetings and Q&A with key Execs. Key highlights are as follows: Key Insights from Day Two 1. Distribution Centre Tour DC #6094 is a Regional DC serving 130 Walmart Supercenters, discount stores, Neighborhood Markets and Walmart Express stores in parts of Arkansas, Missouri, Oklahoma a...
06 June 2013
IGD is in Bentonville this week to cover the annual Walmart Associates and Shareholder event. It’s a key week in the Walmart calendar, bringing together media, analysts, shareholders and associates for an update and celebration of everything Walmart. Today we attended a session at Sam’s Club as well as several presentations with key Walmart Execs. Key Insights from Day One 1. Sam’s Club: Se...
05 June 2013
Tesco has revealed that group sales rose by 2.7% exc. petrol (0.7% at constant exchange rates) for the 13 weeks to 25 May 2013. Driving UK LFL remains a challenge In what Tesco describes as a 'subdued' market, sales in the UK grew 1 .0% (inc. VAT, exc. petrol), with like-for-like (LFL) sales reducing 1.0% (exc. VAT, exc. petrol). Compared to Q1 last year this marks a slowdown in sales gro...
05 June 2013
China , the world’s biggest food and grocery market, is valued at more than US$1tn and is forecast to be worth US$1.5tn in 2016, according to our latest figures. Our research also found: The US grocery market will remain the second largest globally and is predicted to be worth US$1.1tn in 2016. We expect growth to accelerate from a compound annual growth rate (CAGR) of 3.6% between 2010...
03 June 2013
The latest news from Japanese retail giant Seven & I including overseas expansion and online operations. Disaster management in Japan Japan News reports Seven & I is constructing a facility to store fuel in order to support goods distribution in the event of a disaster. Construction of the facility is already underway, to be completed by the end of this year. It is expected to cost ar...