Taiwan news & analysis

06 March 2014
Costco’s second quarter sales increased by 5.8% to $25.8bn, with comparable store sales (ex-fuel and currency impacts) up 5%. Net income attributable to Costco fell by 15.4% to $463m. Profitability impacted by a range of factors The key standout within Costco’s results is the decline in net income. A number of factors impacted the retailer’s profitability during the quarter including weak...
05 March 2014
Carrefour has reported growth in recurring operating income of 9.8% for 2013, at constant rates, and +5.3% at current rates. It saw improvement in all formats in France, with a rebound in profitability in other European countries in the second half.   Strong growth in earnings, improvement in all formats in France Recurring operating income was up 11.3% in Europe. In France, operating incom...
16 January 2014
Carrefour has reported 2013 sales of €84.3bn, an organic growth rate of +2.5% (excluding petrol and calendar effect), with continued momentum internationally and rebounding growth in France. 'Resilient' sales in Europe Carrefour reported a second consecutive quarter of sales growth in France, +1.7% organic growth, with a good performance in all formats. Hypermarket sales were up, exclu...
11 December 2013
Costco’s first quarter net sales increased by 5.4% to $24.5bn, with comparable store sales (excluding fuel and currency impacts) up 5.0%. Net income attributable to Costco increased at a slower rate of 2.2% to $425.0m, mainly due to higher than anticipated operating expenses. Fresh foods among best performing departments This was another solid performance from Costco overall, although pro...
03 December 2013
Convenience developments from China, Japan and Taiwan from this key retailer. Launch of private label products in Taiwan In Taiwan, FamilyMart has introduced "FamilyMart Collection" private label products to its stores. The range incorporates 200 products, including daily essentials and food items. Online-to-offline developments Also in Taiwan, FamilyMart has partnered with Taobao, a...
21 November 2013
Google has added Costco to the range of retailers which are now part of its same-day delivery service, Google Express, which is operating in the San Francisco area. Google Express launched in September following testing Google started its same-day delivery just over a year ago in the San Francisco area, testing the service with its own employees. Building on this, in September, Google opened...
17 October 2013
Carrefour has reported a 2.7% sales increase in Q3 2013, with all formats in the key French market posting growth, and international sales up 3.8% at constant exchange rates. For the nine month period, sales were up 1.8% at constant exchange rates. Improvement in France Although sales were up across all formats in France, in spite of the effect of a drop in petrol prices, convenience a...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
30 August 2013
Auchan has reported group revenue up 3.4% for the first half of 2013, to €23.1bn, and an increase in EBITDA of 4.4%, to €1,151m. Mixed performance across markets Auchan highlighted the "highly unfavourable economic environment in the euro  zone" which affected its results. The retailer reported a decline in revenue in  France (-0.9%) and in western Europe excluding France (-2.9%). C...
30 May 2013
Costco’s net sales over the third quarter increased by 7.8% to $23.6bn, with comparable store sales increasing by 7% (ex-fuel and currency impacts). Net income over the period increased by 18.9% to $459.0m. Increased visit frequency driving sales growth Costco delivered another strong quarter, driven predominantly by a stronger visit frequency while average transaction remained broadly fla...