99 Speedmart news

The checkout area continues to a focal point for new innovations and pilots. We look at the latest partnership between Standard AI and Compass Group, and round-up some of the other key developments in this space. Targeting the educational sector Standard AI is one of the leading tech-firms driving the development of checkout-free concepts globally. Its autonomous solution can be deployed in...

After five months in Singapore, 99 Speedmart will cease its operations on 31 May. Three stores launched in December The retailer opened three stores in December 2019. All three stores are well located in neighbourhoods with good visibility and easy access for unloading of goods. Read here for our news article on its first store. The retailer has cited difficulty in growing its business mo...

The Malaysia-based chain has opened three stores in Singapore. Neighbourhood minimarket format In Malaysia, 99 Speedmart has over 1,500 stores across the country. It operates a chain of neighbourhood convenience stores that range from 250 to 500 sq m in size. The retailer’s success is driven by low prices, carrying a narrow range of top selling brands and great store visibility. A quick loo...

Malaysia's government launches a discount campaign in co-operation with supermarkets to reduce the pressure of rising prices on shoppers. Ten key retailers participate Both international retailers such as Tesco, AEON and Dairy Farm, and local retailers including Mydin, Econsave and 99 Speedmart, are participating. The combined store networks of these retailers reaches close to 1,000 outle...