Taiwan news & analysis

03 March 2016
We review Costco’s performance as it reaches the halfway point of its financial year. Canada leads Costco’s sales growth Costco’s second quarter sales increased by 2.6% to $27.6bn, with comparable store sales up 5%, excluding currency and fuel impacts. The retailer saw the strongest performance in Canada, where comp store sales increased by 10%. Other international markets delivered a sol...
02 February 2016
In this round up we look at expansion plans, online market size prediction as well as partnership news from three online retailers in Asia. RedMart: raising US$100m for expansion RedMart, a Singapore-based online grocery retailer, is reported to be in the advanced stage of discussions related to closing a US$100m investment which will fuel its expansion in Asia. Established in 2011, ...
02 February 2016
Carrefour's chief executive, Georges Plassat, has given an interview to French newspaper Les Echos in which he talked about the French market, the importance of stores and Carrefour's position in emerging markets. Making progress in France and Europe Mr Plassat said Carrefour is doing well in Europe and has made progress in France for three consecutive years. He believes Carrefour's mul...
15 January 2016
Carrefour has reported consolidated sales of €22.4bn for Q4 2015, up 4.1% ex. petrol and at constant exchange rates. Sales were up 2.4% on an organic basis (ex. petrol and calendar effect), with the results driven by its operations outside of France. France: stable quarter with smaller formats standing out Carrefour said its results underscored: "the consistency of its execution and the...
09 December 2015
Leading global warehouse club operator Costco has announced sales performance for the first quarter of its 2015/16 year, revealing comparable sales down 1% at group level.  However, it achieved a more solid +2% in its core market in the US, where the relative strength of the dollar had no impact. Adjusted performance of +6% Excluding the negative impacts, especially of deflation in fuel sal...
03 December 2015
7-Eleven sees local shopping website MyDay deliver overseas purchases to their stores in Taiwan. Five day delivery on international orders Shoppers can collect their purchases from one of 7-Eleven's 5,000 stores in Taiwan. Delivery can take a minimum of five days, arriving from countries such as the US or Japan. 7-Eleven has said MyDay has years of experience as a cross-border shopping ser...
19 November 2015
Taiwan's Pxmart is set to acquire 65 stores from Matsusei Supermarket for NT$450m (US$13.8m). Pxmart expands network to over 800 stores The deal is subject to regulatory approval, but has been agreed by the board of Matsusei Supermarket's parent company, Wei Chuan. In a statement, Wei Chuan said that following sustained underperformance and on going food safety issues in Taiwan, it had no c...
16 October 2015
France-based Carrefour has announced third quarter results that saw organic sales growth, excluding petrol and calendar effects, rise by 4.2%. Total sales, including petrol, rose 2.2%, while excluding the effect of falling petrol prices, they rose 4.1% to €21.54 bn. The retailer’s third quarter results compared favourably against its nine month performance, where sales rose 3.4%, underlining h...
01 October 2015
As Costco delivers another year of strong sales and profit growth, we highlight six key takeaways from its results. Headline growth held back by fuel and currency impacts Costco’s full year sales came in at $113.7bn, an increase of 3.1%. These were held back by lower fuel prices in the US, and weaker foreign currencies versus the US dollar. Comparable store sales, strippi...
15 September 2015
IGD Chief Executive Joanne Denney-Finch is speaking at the Asia Pacific Retailers Convention & Exhibition (APRCE) in October. Ahead of the event, she shared her perspectives on the industry with the event organisers, as below: APRCE: What are the key trends in food retail? JDF: Shopper behaviour is evolving faster than ever before. Empowered by technology and information t...