Taiwan news & analysis

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...
11 August 2016
Taiwan’s two major convenience store operators have reported record-high sales for last month, with summer being a high season for the retail industry. PSCS strong performance across segments As 7-Eleven’s operator in Taiwan, President Chain Store Corp’s sales increased 7% to TWD19.0b (US$607.5m) last month, with aggregate sales in the first seven months rising 6.1% percent annually to TWD1...
28 July 2016
Carrefour has reported first half sales (inc VAT) of EUR40.6bn, with "resilient sales" in France and Europe and "very strong growth" in emerging markets. Investing in multi-format model Carrefour opened 410 stores in the first half, across convenience, supermarkets, cash and carry, and hypermarkets. Convenience is a key format for development - it accounted for the vast majority of ...
05 July 2016
Uni-President Enterprises, one of the largest conglomerates in Taiwan, has set a target to significantly boost its sales in Southeast Asia within the next few years. Double or triple the sales in the region Uni-President currently operates the 7-Eleven convenience store chain in Taiwan, the Philippines, and China. The company recognises the exciting opportunities backed by the large po...
26 May 2016
As Costco reports slowing comparable store sales growth for the third quarter, we look at what’s been driving its performance. Profitability improves as sales growth eases Costco’s third quarter sales increased by 2.5%, with comparable store sales (excluding fuel and currency impacts) up 3%. This included an increase of 8% in Canada, its strongest international performance. Profitability a...
23 May 2016
Taiwan’s largest supermarket chain Pxmart has revealed an expansion plan by growing its store network from 855 to 1,000 stores by the end of next year. Developing small format supermarkets in urban areas Chuan Lian, the operator of Pxmart, has recently opened a store of around 260 sqm in the heart of Taipei, with a bakery section and wide selection of prepared food, aiming to bring in wea...
15 April 2016
France-based Carrefour’s total group sales rose 3.8%, 3.1% in like-for-like terms, in its first quarter, to €20.0 bn, with flat sales in France, against tough comparisons in 2015, being helped by an acceleration in the pace of sales growth internationally. France: performance held by hypermarkets In its home market in Q1, Carrefour saw total growth of 0.1%, excluding the effect of petrol, w...
14 March 2016
Auchan Holding has reported a 1.5% growth in consolidated revenue for 2015, excluding tax, to EUR54.2bn (+1.7% organic and excluding fuel). Operating profit was up 5.5%. Asia and CEE key to growth In October 2015, Auchan streamlined its organisation to improve performance, and this contributed to what management board chairman Wilhelm Hubner called "a year of transition." He pointed...
10 March 2016
Carrefour chief executive Georges Plassat has talked about the multi-format strategy, digitisation, emerging markets and the acquisition of DIA stores at the 2015 full year results presentation. Carrefour today reported a 3% increase in net sales to EUR76.9bn, on an organic basis, for 2015. All formats have a role to play Carrefour has previously stated the importance of bricks and m...