Taiwan news & analysis

28 October 2020
Carrefour reported total sales rose 5.5%, at constant exchange rates, to €19.7 bn, with like-for-likes rising 8.4% in its third quarter. The retailer said its growth was its ‘ best performance in at least 20 years ’. The positive results were broad based, with most markets and channels seeing growth, and came despite ‘ an unfavourable petrol effect ’ and ‘ an unfavorable exchange rate effect ’...
28 September 2020
7-Eleven in Taiwan has partnered with a restaurant and a hotel to offer freshly cooked meals at one of its stores. Advance ordering meal service 7-Eleven has launched a meal service at its Dongxing Road store in Taipei. Customers can order boxed meals prepared by Regent Taipei chefs and restaurant Su/food. Orders can be picked up from the 7-Eleven store on the same or following day. The ...
16 September 2020
Pan Pacific International’s Don Don Donki plans to open its first store in Taiwan. Progressive expansion across Asia The first Don Don Donki store in Taiwan will be located in Taipei’s Ximending business district. The company has been advertising to recruit new employees on local recruitment websites. However, it has not confirmed the address of the store nor an expected launch date. Donki ...
01 September 2020
Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...
06 August 2020
The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June 2020. COVID-19 severely impacts H1 revenue A.S. Watson's retail division is split into five subdivisions, Healthy & Beauty Western Europe, Eastern Europe, China, Asia and Other Retail Total retail revenue fell -11% to HKD73.6bn (US$9.5bn) In local curr...
30 July 2020
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales including 100% of associates and joint venture increased 6% to US$14,547m, but subsidiary sales fell 9% to US$5,240m. Overall performance mixed Sales by the Group’s subsidiaries fell mainly due to the annualised impact of the stores closures in 2019 under the Group’s space optimisation plan in Southe...
30 July 2020
Carrefour reported Q2 results as like-for-like (LFL) sales increased by 6.3%. The strong results were driven by the good performance and omnichannel strategy in most markets including Spain, Belgium and Brazil. Q2: atypical activity due to COVID-19, convenience +19.0% LFL The multi format and omnichannel model confirmed its resilience and adaptation to the various shopper needs during the d...
23 July 2020
Two Sanrio-themed 7-Eleven stores have opened in Taipei, Taiwan. Unique design and differentiated merchandise 7-Eleven Liufu and Xinhanhua stores are decorated with familiar Sanrio characters such as Hello Kitty on the walls. Vibrant colours also used in both stores, e.g. on shelves and ceiling, etc. In addition to typical products that can found at 7-Eleven stores, a selection of Sanrio it...
02 June 2020
Carrefour is acquiring Dairy Farm’s Wellcome Taiwan in a deal worth €97m (US$108.2m), subject to regulatory approval. Acquiring over 220 stores The acquisition includes approx. 224 grocery stores (Wellcome and Jasons), along with some property assets. The deal is expected to close by end-2020. IKEA Taiwan, however, will remain under Dairy Farm. The Wellcome banner stores (199) will be co...
30 April 2020
Carrefour reported first quarter sales, with like-for-like (LFL) sales rising 7.8%. Although the performance benefited from ‘ precautionary purchases in March ’, driven by the coronavirus (COVID-19) pandemic and lockdown conditions in its European operations, the retailer enjoyed ‘ a solid performance in January and February ’. Quarter, especially March, affected by impact of coronavirus Ca...