Taiwan news & analysis

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...
30 May 2013
In an interview with LSA, Carrefour's chief executive, Georges Plassat, has discussed the retailer's recent initiatives and what this means for it in the short to medium term. Carrefour to be built on three geographic pillars Plassat stated that Carrefour had expanded globally too far, which had stretched its resources, with the recent disposals easing 'the financial pressure off the com...
12 March 2013
Costco’s second quarter sales, for the 12 weeks to February 17, increased by 8.2% to $24.3bn, with comparable store sales (excluding the impact of fuel and currency), up 5%. Net income attributable to Costco increased by 38.8% to $547m. A resilient model despite economic headwinds Costco delivered a strong set of results for the quarter, despite the headwinds of higher payroll taxes and ...
07 March 2013
Carrefour revealed solid full year sales of €76.8bn, a 0.9% increase year-on-year, but there's hard work ahead to drive growth in 2013. Reducing its debt by divesting of operations in non-core markets and seeing more than three-fold increase in net profit to €1.23bn marks the start of a new strategic phase for the retailer. Improvements in the domestic market In France Carrefour delive...
30 January 2013
In a recent interview with Reuters, the Ruentex Group's chairman discussed how its joint venture with Groupe Auchan has established its position as market-leading hypermarket operator in China. Looking ahead, he highlighted the possibility of overseas expansion. The Sun Art Group was formed as a joint venture between the Taiwanese Ruentex Group, and French Groupe Auchan . It operates a netw...