Asia news & analysis

04 April 2013
Retailers Yonghui and CP Lotus report differing full year results, but both highlight the importance of greater centralisation in order to grow profits in 2013. Yonghui continues rapid growth Yonghui reports a strong performance, with total revenue growing 39.2% to CNY24.5 bn (US$3.9 billion)in 2012. Profit grew 8% to CNY502 m (US$80.1 million). In 2012 the retailer opened 47 new stores...
04 April 2013
Following a meeting between the retailer Auchan and India's Commerce and Industry Minister this week, Auchan is reportedly planning to open 60 stores in the country. Assessing the best way to unlock the market's potential Auchan's plans are still in the development stages, and the retailer is yet to reveal information about time scale or whether it will expand via the franchise route o...
04 April 2013
The latest news from leading players Tesco Lotus, Big C and Central Food Retail Corporation in this booming Asian market. Casino accelerates the pace of store openings The Bangkok Post reports Casino's plans to increase investment in the market to THB8 bn (US$272.2 million) in 2013, funding more than 200 new openings, to be supported by an additional two new distribution centres. At pres...
03 April 2013
A week after announcing that the opening of a shopping centre would see the addition of the first Carrefour in Lebanon, UAE-based Majid Al Futtaim (MAF) is set to take the Carrefour brand into Armenia. Armenia ‘part of MAF’s development strategy’ After much speculation that Majid Al Futtaim was looking to expand into Armenia, Marc Corbion, the company’s executive regional director for Armenia...
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 ...