Taiwan news & analysis

13 April 2017
France-based Carrefour has said that total sales rose 6.2%, or 1.0% at constant exchange rates and excluding petrol, to €21.3 bn. The retailer saw, at a group level, like-for-like sales, excluding petrol and calendar effects, rise 1.4%. It also highlighted how it had enjoyed strong food sales during the quarter, rising by 5.9%. Despite the positive headline figures, Carrefour's overall performan...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
02 March 2017
We review Costco’s second quarter performance, including a new focus on EDLP pricing. 1. Sales improved despite stronger cannibalisation impact Costco’s second quarter net sales increased by 5.7% to $29.1bn, with comparable store sales up 3%, excluding currency and fuel impacts. Net income fell by 5.7% to $515m. This represents a marginal improvement on the comp sales performance in Q1, des...
19 January 2017
Carrefour has announced its Q4 and FY results, with the retailer saying the pace of total sales growth accelerated in its final quarter. In its fourth quarter Carrefour said total sales (excluding petrol and at constant exchange rates) rose 3.5% to €23.4 bn, aided by like-for-like sales growth of 2.9%. Its International operations were a key driver of performance, while in France its overall grow...
07 December 2016
We review Costco’s first quarter performance, including its latest ecommerce and market entry initiatives. Growth led Mexico, the UK and South Korea Costco’s first quarter net sales increased by 3.2% to $27.5bn, with comp store sales, excluding fuel and currency impacts, up 2%. The retailer continued to see the strongest comp sales growth in Canada, while Mexico, the UK and South Korea deliv...
19 October 2016
Carrefour has reported third quarter sales of EUR21.8bn, up 3.6% excluding petrol. Improvements at large stores in France Carrefour's like-for-like sales were up 1.2% in Q3. Hypermarket sales fell 1.0% although this is an improvement compared to the second quarter. Like-for-like sales increased at supermarkets and convenience. Carrefour continues to transform the DIA stores. It re-opened 12...
30 September 2016
We review Costco’s fourth quarter and full year performance and its plans for the year ahead, including two new market entries. Full year revenue rises to $116.1bn Costco delivered a solid performance in the fourth quarter, broadly in line with Q3. In Q4, net sales increased by 2.1% to $35.7bn, with comparable store sales (excluding fuel and currency impacts) up 3%. As has been the trend f...
31 August 2016
Carrefour has launched the group’s first digital voucher service named Carrefour Ticket Xpress in Taiwan. Digital vouchers available at multiple online channels Carrefour Ticket Xpress enables both retail and mobile payments and the platform was developed by Edenred, a French corporate services company. Carrefour Ticket Xpress is available at a range of loyalty programmes online cha...
31 August 2016
Auchan has reported a 0.8% increase in revenue for the first half to EUR26,106m, at constant exchange rates, driven by expansion and positive sales trends in most of its markets. Consolidated revenue for Auchan Retail was up 0.7% to EUR25,369m (constant exchange rates, excluding fuel and VAT).  Investment to continue in H2 Although the increase in group revenue is small, Wilhelm Hubner, c...
30 August 2016
Grocery delivery platform HappyFresh has decided to exit the Philippines and Taiwan and will focus on other core Asian markets, after its Series B funding round. Consolidate market focus for profitability The Jakarta-based company HappyFresh has decided to close its business in Taiwan and the Philippines. Instead, it will concentrate on its three other markets: Indonesia, Malaysia and Thail...