Asia news & analysis

03 June 2013
Vietnam has been hotly tipped as one of Asia’s most attractive growth markets. Its young population, high proportion of working families and open-minded approach to adopting new lifestyle trends and products makes this an attractive market for our industry. We take a look at the opportunities and challenges this presents for manufacturers and retailers. Manufacturers already seizing the op...
31 May 2013
DIA's commercial director Luis Martínez, speaking at a conference in Spain, has said the discounter will intensify its focus on the DIA Fresh fascia next year, as well as developing the Schlecker business. Working to launch new formats DIA will increase the openings of DIA Market, DIA Fresh and DIA Maxi in 2014. Stores which have already been transformed to the Market and Maxi formats ha...
30 May 2013
Costco’s net sales over the third quarter increased by 7.8% to $23.6bn, with comparable store sales increasing by 7% (ex-fuel and currency impacts). Net income over the period increased by 18.9% to $459.0m. Increased visit frequency driving sales growth Costco delivered another strong quarter, driven predominantly by a stronger visit frequency while average transaction remained broadly fla...
30 May 2013
In an interview with LSA, Carrefour's chief executive, Georges Plassat, has discussed the retailer's recent initiatives and what this means for it in the short to medium term. Carrefour to be built on three geographic pillars Plassat stated that Carrefour had expanded globally too far, which had stretched its resources, with the recent disposals easing 'the financial pressure off the com...
23 May 2013
In the first quarter, China Resources Enterprise's (CRE) retail sales grew 7.3% to HKD 25.9bn (USD 3.3bn) and net profit declined 6.3% to HKD 252m (USD 32.5m). New store openings driving growth A leading grocery operator in the market, CRE's performance in the first quarter was robust, but represents a slow-down compared to its very strong start to the year in 2012. Retail sales growth of 7...
23 May 2013
In a year where Tesco has had to make some significant business decisions and laid down important building blocks for the future, we examine its Annual Report, as well as its newly renamed 'Tesco and Society' CSR report, pulling out our top findings and what this might mean for the retailer's future direction. A year where the business has got to grips with long-standing issues...
22 May 2013
SPAR International has reported worldwide retail sales up 2.8% in 2012, and revealed its new strategy: "Growing our future together." International expansion has always been a strategic goal SPAR's new strategy builds on its long-term objectives. It sets out the strategic objectives for 2013-2015 under three broad headings: Growing our partners - Developing a multi-format presenc...
21 May 2013
The drugstore chain A.S. Watson has announced it is to open its first ‘Great’ premium supermarket store in mainland China this year. Premium food offer The drugstore chain, owned by the Hutchison Whampoa Company, plans to expand from its health and beauty format and open a 3000 sq m. premium supermarket within the International Finance Square in the city of Chengdu. Chengdu is the capi...
20 May 2013
Tesco has confirmed that it will work with two of the world's leading franchise operators to open over fifty F&F branded clothing stores outside of the UK. F&F to expand into nine new markets over next five years Over the the next five years Tesco and its partners will open F&F branded clothing stores across the Middle East, Kazakhstan, Georgia, Armenia and Azerbaijan. The deal sees the UK'...
20 May 2013
India's Future Retail, formerly known as Pantaloon Retail, plans to expand its convenience format portfolio to more than 1,000 stores in the next two years. 1,000 KB's Faiprice stores by 2015 Future Retail currently operates around 200 franchised convenience stores in Delhi, Bangalore and Mumbai under the KB's Fairprice banner. Store numbers in these cities will increase rapidly, reac...