Vietnam news & analysis

16 October 2015
According to an article in the Bangkok post, convenience stores in Vietnam have increased by more than 260% since 2012. Expansion for Local and international operator In Vietnam, approximately 533 convenience stores are currently operating. With the rise of the middle class, the convenience market has gained traction. Customers are more willing to pay a premium for convenience and benefi...
15 October 2015
Casino has reported total group sales of EUR10,684m for Q3 2015, down 0.5% on an organic basis. Sales growth accelerated in France, with all Casino's banners contributing positively. Internationally, performance was mixed with food sales up in Latin America but a more difficult environment in Asian markets.   Improvement across all banners in France France retail sales were EUR4,812m, up...
25 September 2015
Auchan plans to add 14 stores to its Vietnamese portfolio in 2016. Growing from three stores to 17 Auchan currently has one outlet in Vietnam and expects to open another two by the end of 2015. The retailer intends to increase this total to 17 by the end of 2016, investing between EUR35m and EUR40m to do so. Newer stores are likely to be between 2,000 and 3,000 sq. m, said chief financia...
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...
01 September 2015
Vietnamese mobile phone retailer Gioi Di Dong plans to enter the convenience channel this October with five new stores, expanding to up to 50 stores by the end of the year. Set to open up to 8000 stores by 2020 These five stores opening in October will be around Hoi Minh City. Although the convenience channel remains in its infancy in Vietnam, the retailer aim to open up to 8000 conveni...
01 September 2015
Auchan has reported a 3.4% increase in consolidated revenue, to EUR26.9bn, for the first half of 2015 (+2.0% at constant exchange rates). The French business remains a concern however, with revenue down 2.9% in the home market.   "Difficulties in France" as large stores struggle Auchan reported a fall of 3.2% in hypermarkets' and 2.7% in supermarkets' revenues. Auchan expects the allianc...
18 August 2015
Lotte has reported an H1 revenue increase of 2.8% to KRW14.5tn (US$12.3bn) whilst operating profit decreased 28% to KRW469.4bn (US$0.4bn). South Korea: growth in convenience whilst hypermarkets struggle In Lotte's domestic market total revenue increased by 2.6% to KRW13.3tn ($US11.3m) and operating profit fell by 24% to KRW575bn (US$0.49bn), as the retailer felt the economic impact fol...
07 August 2015
Following a sustained period of store closures, South Korea’s largest discount supermarket E-mart has announced that no more stores will close in China. Eight stores will remain trading At its peak the retailer operated 27 outlets in China, but has been closing underperforming stores over the last five years in an effort to drive a more profitable operating model. The last E-mart store to c...
30 July 2015
According to IGD research, the Vietnamese retail market is set to grow by 8.4% a year until 2020, making it one of the fastest-growing markets in south-east Asia.  Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right now. 1. Confident inv...
30 July 2015
AEON delivered record high results in the first quarter, following a subdued performance in full year 2014. Operating revenue rose 17.9% to JPY 2tn and operating income increased 55.4% to JPY 34.9bn. With exception of GM, revenue rose in all divisions Whilst the retailer's GM revenue results remained subdued (-2.5% year-on-year to JPY 662.8bn), all other divisions delivered a positive pe...