Taiwan news & analysis

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...
15 April 2020
Taiwan has been widely recognised to have, so far, contained the spread of Coronavirus (COVID-19) well. However, the risk of community transmissions remains high, likewise a second wave of infections could be caused by returning residents from other regions. We look at how businesses in Taiwan have responded to the pandemic. Looking after everyone Carrefour Taiwan is providing disposable...
06 April 2020
FamilyMart is planning to open 220-230 new stores in Taiwan this year. Expanding store network FamilyMart plans to open more than 200 new stores in Taiwan this year. On March 25, the retailer reported net income of TW$1.8bn (US$60.6m) for last year, up 13.4% from the previous year. After 7-Eleven, FamilyMart is the second-largest convenience-store chain in Taiwan, operating more than 3,6...
19 March 2020
A.S. Watson has posted its annual results for the year ended 31 December 2019. Total retail revenue was up 4% in local currencies, but flat at HKD169.2bn (US$21.8bn) after foreign currency translation impacts. Results summary – revenue up across all H&B divisions in local currencies  Total retail revenue (H&B segments and Other Retail), EBITDA and EBIT of HKD169.2bn (US$21.8bn), HKD16.9b...
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 ...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...