Asia news & analysis

02 May 2013
Auchan is to invest $500m in Vietnam within ten years, according to local press reports. Auchan previously considered opportunities in Vietnam According to VietNamNetBridge, Auchan has returned to the market after previously considering investment opportunities. The Ministry of Planning and Investment reportedly welcomes the retailer, saying both parties will discuss a roadmap to imple...
02 May 2013
Metro Group has reported EBIT (before special items) of €14m, compared to €-8m in Q1 2012, due to earnings improvements at Real, Media-Saturn and other areas of the business.  Group sales down slightly Group sales for the period January to March were €15.5bn, a slight decrease of 0.9% vs. the previous year. This year included three fewer trading days, and the unseasonably cold weather af...
30 April 2013
Thailand's Central Food Retail Company (CFC) is trialling the conversion of stores into cash and carry format, the Bangkok Post reports. Tops retailer evolving expansion plans CFC operates under the Tops banner in Thailand , with a wide multi-format portfolio including premium, supermarket, convenience and discount stores. Earlier this year it announced plans to add an additional 60 ne...
23 April 2013
Japan's FamilyMart targets over 1,000 stores in the Philippines in ten years, according to local press reports.  First store opened earlier this month Having announced its entry into the Philippines in late 2012, FamilyMart opened its first store on 7 April 2013 in the City of Makati, located in Metro Manila.  The store offers around 1,400 products, including food-to-go.  300 stores ...
23 April 2013
Thailand's CP Group has acquired Dutch SHV Holding’s shares in Siam Makro, with plans for the remaining shares to be completed in June, for the total value of THB 188.88bn (USD 6.6bn). Re-establishing the connection with Siam Makro CP All Group co-founded Siam Makro with SHV Holdings in 1988, but subsequently sold its shares. Following divestments in the late 1990s, the acquisition of a 64....
18 April 2013
Carrefour has reported consolidated sales of €20.8bn for the first three months of the year, up 1.3% at constant rates. Sales dropped by 1% in France excluding fuel, although the encouraging trend in food performance continued at the group's domestic hypermarkets. Hypermarkets post stable performance in France The economic environment in France remains challenging and poor weather added furt...
18 April 2013
Casino has reported a 33.7% rise in consolidated sales for the first quarter, driven primarily by the full consolidation of GPA in Brazil. Sales from total continuing operations reached €11,681m, with French sales down 4% and international sales up 73.6%. Price drops in France Casino continued the price cutting policy it initiated in Q4 through the first three months of the year, and stated ...
17 April 2013
Tesco has confirmed that it will exit the United States and announced that it will dispose of many unwanted development sites in the UK in order to target investment in areas of the business that offer the best returns. The statements come as the retailer revealed a slowdown in group sales growth to 1.3% to £72.4bn and a 13% fall in group trading profits to £3.5bn for the 52 weeks ended 23 Februa...
17 April 2013
The retail division of India's leading company Reliance Industries Ltd has announced plans to open five new cash & carry stores in the first quarter of fiscal 2013. First store shows promising results Reliance Retail reported strong nine month ending results, with turnover growing 44% to INR 77.5bn (USD 1.4bn). Positive same store sales growths contributed to this performance, varying a...
15 April 2013
What conditions make Asian markets so receptive to the online/offline model? Looking at how this trend has progressed, we focus on some key examples to sketch the shape that online/offline developments might take in the future. QR code walls – media stunt or innovative solution for busy shoppers? In 2011 Tesco launched the world’s first virtual store – a QR code shopping wall in a subw...