China Resources Vanguard news

28 July 2020
CR Vanguard and Dada Group have strengthened their strategic partnership in China. Boosting delivery and omnichannel services The two businesses will deepen cooperation in many areas, including omnichannel, product management and marketing. CR Vanguard’s store on the JD Daojia (a subsidiary of Dada Group and JD.com) platform will be connected to JD.com. JD Daojia will continue to support...
15 May 2020
CR Vanguard has launched Vanguard LiFE, the retailer’s latest community supermarket format in Shenzhen, China. Vanguard LiFE opens in Shenzhen Earlier this year, CR Vanguard launched Vanguard LiFE in Shanghai . The banner also trades in Guangzhou. CR Vanguard has now launched the format in Shenzhen. The new store is located in Longhua District, Shenzhen Galaxy Star Garden. It aims to m...
09 April 2020
To help boost consumption and accelerate the economic recovery from the pandemic, China’s Suguo supermarket chain, owned by CR Vanguard, issued CNY100m (US$14m) worth of promotional coupons last week. Bringing tangible benefits to customers Between 25 and 29 March, customers who are Suguo members could receive a CNY100 (US$14) voucher for any amount they spent with the retailer. Non-Suguo...
24 March 2020
CR Vanguard has launched a new community supermarket format, Vanguard LiFE in Shanghai, China. Goods + Services approach Vanguard LiFE focuses on meeting the mealtime and cooking needs of shoppers. The banner carries a strong proportion of fresh food and other food categories, plus a carefully selected range of personal care and household cleaning items. The banner targets nearby residents,...
16 March 2020
The sale of a majority stake in Hong Kong-based supermarket chain City’super has attracted interest from CR Vanguard and Yonghui, Bloomberg reports. Hong Kong's landscape may consolidate Earlier this year , Bloomberg reported that Fenix Group was looking for potential buyers to sell its majority stake in City Super Group. The first-round of bids could be as soon as later this month. CR ...
25 February 2020
Tesco has announced it will exit its joint venture with China Resources Holdings in China, which it established in 2014. Sale will generate £275m for additional business investment As the retailer continues to reorganise its international businesses, Tesco has agreed to sell its 20% stake in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings. Gain Land is the C...
13 January 2020
CR Vanguard is expanding its new digital format, Vanguard MART, in China. Optimising digital in-store Shoppers at Vanguard MART have multiple ways to make payment, e.g. through a traditional counter or self-checkout. The latter allows mobile payment, facial recognition, QR code purchase and self-service ordering. The store features electronic shelf labels allowing staff members to adjust th...
08 October 2019
CR Vanguard has opened its third Olé boutique supermarket in Shandong province, China. Premium and imported products The new Olé store, which opened on September 28 th in Jinan Wanxiang City, covers 3,800 sq m and carries around 20,000 products. The store has an on-site dining area, with Chinese-style cooked food, salad and Japanese speciality counters. It also has a live fresh seafood are...
28 May 2019
CR Vanguard is extending its partnership with Alibaba-owned delivery service Ele.me to drive online growth.   Partnership to cover other banners An earlier partnership between CR Vanguard’s Suguo and Ele.me saw the supermarket’s online transactions grow more than 60% in the last three months. Orders from third and fourth-tier cities increased by 80%. The new partnership will extend to ...
04 October 2017
Chinese supermarket chain Vanguard has announced plans to open new Suguo stores to fill the remaining gaps in the market, with expansion in key cities outside Nanjing also expected. Suguo increasing dominance in Nanjing CR Vanguard plans to open 700 Suguo CVC stores in China during the next five years, accelerating Suguo's coverage to over 1,800 stores nationwide, with approximately 1,000 s...