Asia news & analysis

07 March 2013
Carrefour revealed solid full year sales of €76.8bn, a 0.9% increase year-on-year, but there's hard work ahead to drive growth in 2013. Reducing its debt by divesting of operations in non-core markets and seeing more than three-fold increase in net profit to €1.23bn marks the start of a new strategic phase for the retailer. Improvements in the domestic market In France Carrefour delive...
07 March 2013
Following solid full year results, CEO Georges Plassat has outlined Carrefour's plans as strategy transitions from review and refocus into action. Investment: how Carrefour plans to reinvigorate larger stores Carrefour's strategy of review and refocus has seen the divestment of operations in five markets over the year. Combined with a drive towards greater operational efficiency, ...
28 February 2013
Following the addition of nearly 5,000 new stores in 2012, 7-Eleven's global network is set to reach 50,000 stores by the end of the first quarter. A leading global convenience network The overseas convenience operations of Japan's Seven & I Holdings are managed by subsidiary 7-Eleven Inc., based in Texas, US. A network of licensed, franchised and self-operated stores covers sixteen mar...
28 February 2013
The Year of the Snake might be the year new leadership in China's national government boosts social reform. If your business is operating in China it needs to start preparing now.  Vicky Ray, IGD's Head of Asia, explains how your business could benefit... Xi Jinping took the helm as head of the Chinese national government in November 2012, with Li Keqiang as the new Premier. Com...
26 February 2013
Global retailer Tesco has announced it is to launch online grocery shopping in China and Thailand. Bangkok and Shanghai targeted Tesco is planning to launch its online food operations next month in Thailand , one of the retailer's most significant markets. As with previous markets, Tesco will launch the service first in the capital city Bangkok, before what is believed will be a wider ro...
25 February 2013
Lee Seung-han will retire from his position in May following 16 years leading Homeplus in South Korea. CEO of Malaysia to take the reigns Lee's continuous service with Tesco since it entered the market in 1999 has contributed to the retailer's positive growth trajectory. Whilst Tesco's recent performance has been tested by challenging trading conditions following legislative changes, South ...
21 February 2013
DIA has reported net sales growth of 4.1% for 2012 (+5.2% excluding currency effect), and adjusted EBITDA growth of 8.6% (+9.4% ex. currency effect) Tough comparatives in Q4 Net sales growth in the fourth quarter was 2.4% (+4.4% ex. currency effect).  A tough comparison in Q4 2011, weak business conditions in Turkey and depreciation in the Brazilian and Argentine currencies meant a lower...
21 February 2013
The new Sephora flagship store in Shanghai features an innovative new development centred around 'The Fragrance Bar' in-store experience. Exciting and innovative concept in retailing 'The Fragrance Bar' provides shoppers with a unique in-store experience in order to maximise shopper engagement.  The new flagship store has six stations, each equipped with with an iPad, surrounded by ten fra...
21 February 2013
After a number of delays, LuLu hypermarket's parent company, the Emke Group, has announced that it will open its first store in India in March. Development to be opened in Kochi, Kerala The LuLu hypermarket is part of a shopping centre that will open in Kerala. Emke has invested Rs16 billion in the development, which will also include an ice rink, cinema and restaurants alongside the hyper...
14 February 2013
Leading retailers including Tesco and SPAR are laying down plans for this key market. We summarise the latest news and look ahead to the further developments 2013 may hold. Tesco to set up Indian subsidiary Local newspaper The Hindu reported Tesco's plans to open a subsidiary for fresh and processed foods to service its global store network. The sourcing and back end capabilities develo...