Asia news & analysis

03 April 2013
In an interview with the FT Carrefour CEO Georges Plassat has laid bare the group's strategy highlighting growth markets and decentralisation as growth levers. More growth to capture in Brazil and China Mr Plassat has previously acknowledged the importance of Brazil and China , the group's second and fifth markets, and has announced in this interview that the retailer's rate of growth...
27 March 2013
Reporting sales growth of 5.3% to RMB 28.99bn alongside a decline in profit of -0.7% to RMB 3.9bn, domestic Chinese retailer Lianhua outlines its strategy for an improved performance in 2013. Competing in an increasingly challenging market Announcing its results for the financial year ending December 2012, Lianhua reported pressures from an unfavourable business environment impacted per...
27 March 2013
Walmart has announced plans to test in-store lockers for products ordered online in the US. This was among a number of new initiatives highlighted at its e-commerce media day held at its global e-commerce head office in San Bruno, California. Lockers offer added convenience The test of the lockers forms part of a broader plan by Walmart to integrate its physical stores with its online ...
27 March 2013
Leading Beijing grocery operator Wumart announced full year revenue of RMB 17.3bn, an increase of 5.7% year on year. Consolidated gross profit rose 7.4%, reaching RMB 3.4bn. Maintaining a competitive advantage in fresh categories In a challenging environment for growth, Wumart's like-for-like growth of 2.1% has been aided by improvements to its fresh categories, an area of competitive...
22 March 2013
Tesco demonstrates its commitment to digital retailing through the introduction of its second online shopping platform in Asia. The launch in Malaysia comes weeks ahead of Thailand, whilst the launch in China is expected in the summer. Expanding online grocery services in Asia Speaking at the World Retail Conference in Singapore Tesco CEO Philip Clarke spoke about how digital is intrinsi...
21 March 2013
China Resources Enterprise (CRE) has reported consolidated group sales growth of 14.6% for 2012, with retail division turnover up 19.1%.  Growth at retail division, food division sales down In the retail division, same store sales growth was up 4.1% year-on-year, driven by rising prices of consumer goods, new store openings and a contribution from the acquired Jiangxi Honkelong Department ...
21 March 2013
Speaking at the World Retail Congress in Singapore this week, Tesco CEO Philip Clarke announced that Tesco is to launch a paperless Clubcard in China later this year. Shift from postal to electronic communication China will be the first country in which Tesco will launch a fully digital Clubcard. The move will see an end to the retailer's postal mailings, with vouchers and loyalty i...
20 March 2013
Metro Group's full year results conference today confirmed previously released figures for 2012, and gave a cautious but optimistic outlook for the year ahead. Modest growth in 2012 Metro confirmed that total group revenues rose a modest 1.2%, reaching €66.7bn for the full year 2012. Operating profit fell by 16.7% to €1.98bn, in line with its revised guidance. Performance was mixed between m...
20 March 2013
In a speech to the World Retail Congress in Singapore, Tesco CEO Philip Clarke has outlined how the industry needs to 're-tool' for the 21st century to adapt to fundamental changes in the way people shop. Building on last year's Congress, when he discussed how shopping behaviour is changing, the Tesco CEO highlighted three areas where he believes the industry needs to make profound changes...
18 March 2013
China's Sun Art Retail Group has reported turnover up 14.3% for the year ended 31 December 2012, and same store sales growth of 3.3%. New stores driving growth Sun Art Retail opened 43 stores across China during the year, of which nine were under the RT Mart fascia and 34 under Auchan.  The majority were in eastern China (12), followed by 10 each in central and southern China, four each i...