Taiwan news & analysis

25 October 2021
On Friday 22 October 2021, Auchan Retail has issued a statement, announcing that it is selling RT-Mart, its retail business in Taiwan, to the Taiwanese group PX Mart. The deal is to be completed by mid-2022 The French retailer announced that it is selling its 64.83% stake in RT-Mart, its retail business in Taiwan, to the Taiwanese group PX Mart. This sale will be accompanied by the simultan...
13 October 2021
The retailer has been actively opening community-based stores recently. Following the Nangang store, it has opened Taoyuan Qingpu outlet this week. The first hypermarket that connects with Taipei Mass Rapid Transit (MRT) Taoyuan Qingpu store is in a building that connects with MRT stations. The store’s "quick pick-up" service is designed to meet the consumption patterns of commuters. Sho...
06 September 2021
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...
16 August 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, has recently launched its Foundation Finder to help customers identify the perfect foundation shade that suits their skin tone.  Growing the foundation market through technology Foundation Finder has been developed as part of A.S. Watson’s strategy to enhance the O+O (Offline plus Online) customer experience.  The reta...
12 August 2021
The French multinational retailer is planning to sell its Taiwan business, which is valued at US$1.9 bn. It might consider selling its operations in Poland, Italy, and Argentina as well. The sale is to kick off after the summer According to a report from Reuters, Carrefour has hired Morgan Stanley to run the sale, which is to commence after the summer. Carrefour has approached several poten...
29 July 2021
As Carrefour France acquires a minority stake in quick commerce operator Cajoo, its operations in Poland looks to reduce plastic use and it appoints a new chief executive in Brazil, we round up five developments from the retailer. Carrefour acquires stake in quick commerce company in France In its Q2 results statement Carrefour announced its acquisition of a minority stake in quick comm...
08 July 2021
The two companies have gained Taiwan’s Financial Supervisory Commission (FSC) approval to roll out electronic payment services in all stores. Intensifying competition in the e-payment sector PXPay Co Ltd and All Win Co Ltd, which is 67 percent owned by FamilyMart, have been granted approval in June to launch the services, according to Taipei Times. The two firms would be allowed to offer...
27 May 2021
French grocery retailer Auchan Retail is considering selling its stake in hypermarket chain RT-Mart in Taiwan, marking the last step of its exit from Asia. A deal worth US$300m to US$400m According to a report by Bloomberg, Auchan Retail, the largest shareholder of RT-Mart in Taiwan, is seeking to selling its stake in the chain. Its 65% stake in RT-Mart is expected to sell for US$300m to US...
08 April 2021
Asia-based ecommerce platform Shopee intends to premiumise its beauty offerings, by increasing its focus on K-beauty brands.  Sales of Korean beauty continues to grow in Southeast Asia and Taiwan Korean beauty products remain as one of the top-selling products of Shopee.  The retailer has seen more shoppers searching and buying K-beauty brands on its platform, due to the popularity of K-pop c...
23 March 2021
7-Eleven has reached another milestone in Taiwan, opening its 6,000 th store in Kaohsiung's Fongshan District. 7-Eleven Fengyi Store Source: 7-Eleven Taiwan Source: 7-Eleven Taiwan Source: 7-Eleven Taiwan Source: 7-Eleven Taiwan Look to Taiwan for inspiration on convenience At almost 29% of the grocery retail market, Taiwan’s convenience channel has the h...