Taiwan news & analysis

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...
13 January 2020
The Fenix Group may sell its majority stake in City Super Group. Potential ownership change According to Bloomberg, Fenix’s stake in City Super could be worth between US$300m and US$400m. It may decide, however, to retain some ownership of the business. More about City Super Group City Super Group was established in 1996. It operates in Hong Kong, Shanghai and Taiwan. The business is ...
03 December 2019
IKEA will open its seventh store on Jiuzong Road in Neihu District, Taipei, Taiwan next year. Seventh store to open in 2020 The new store will operate approx. 2,300 sq m and open in the first half of 2020. It will be one of many brands housed in a large shopping mall, which includes Costco, Carrefour and RT Mart. Strengthening coverage IKEA has strong brand presence in Taiwan, having ...
24 October 2019
Following the opening of its first futuristic convenience store last year, FamilyMart Taiwan launched its second smart store this week, powered by five major innovations. Saving 4,000 manhours a year The new store, situated in Taipei’s Songshan District, boasts five major innovations to drive efficiency and improve customers’ shopping experience: Smart coffee machines: shoppers ...
06 August 2019
FamilyMart is opening about 40 new stores in railway stations in Taiwan this year. Providing travellers convenience FamilyMart has opened three new stores at Badu, Wanhua, and Luodong stations. Two more outlets are set to open at the main Taipei station, with another 32 planned for 23 stations within the next few months. Due to space limitations, the new stores are generally smaller than...
03 July 2019
Singapore grocery delivery service announced on 29 th June that it was suspending operations in Taiwan. “ Temporarily closing ” to focus on core markets The company’s Taiwanese team received instructions from its Singapore headquarter to temporarily stop all operations in Taiwan as Honestbee continues to focus on its core markets in Southeast Asia. The announcement also said that servic...
03 July 2019
FamilyMart Taiwan has launched a new range of biodegradable tableware under the FamilyMart Collection. Environmental-friendly policies The new line of eco-friendly products includes, cups, plates, bowls and straws made entirely from bamboo fibers. These can also be safely combusted without emitting any toxic substances when they undergo the recycling process. New eco-friendly dishwashing so...
25 April 2019
France-based Carrefour said its first quarter results, which saw like-for-like sales rise 2.7% at a Group level, underlined the ‘ rapid progress in the transformation plan ’. The retailer’s results were boosted by a ‘ further acceleration in Brazil ’ and ‘ slight sales rise in France ’. The numbers… Carrefour reported, by region that at constant exchange rates: Group: total sales ro...