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Healthcare is becoming a staple category for Japanese convenience store chains as they seek to counter the encroachment of pharmacies on their traditional product ranges. According reports, while Japanese drugstores are increasingly offering snacks and quick…
South Korean convenience store operators GS25 and CU received a boost from in-house brands in the second quarter. GS Retail, which operates the GS25 chain, recorded a net profit jump of 11.1 per cent year on year to 45.8 billion won (US$41 million) in the…
Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store…
Nguyen Thu Ha has abandoned traditional markets on her afternoon shopping trips in favor of a more convenient option. Uncomfortable with the crowds and dubious origins of the food, the 35-year-old from Hanoi now prefers to spend her money in the convenience…
In the past, convenience stores differentiated themselves from privately run groceries by position, diverse goods and modern services. Now, they tend to set up large stores integrated with fast food shops to attract youth and office workers. HCMC residents…
Sales at Japanese convenience stores rose 0.1 per cent in January from a year earlier, up for the fourth consecutive month. Industry data shows there were brisk sales of hot food and side dishes. Same-store sales for eight major chains totalled ¥753.16…
7-Eleven Malaysia is committed to further store network expansion despite the economic headwinds in the nation. Releasing the company’s third quarter results, CEO Gary Brown said the network now numbering 2057 stores achieved sales growth of 5.5 per cent in…
Around 15 convenience stores were opened in South Korea every day on average last year. And the Korea convenience store boom is worrying a ruling lawmaker, who has urged the nation’s fair trade watchdog to seek measures to avoid excessive competition in the…
Ticket Monster (T-Mon), Korea’s leading social commerce platform, announced Thursday that it will be supplying convenience store franchise CU with Xiaomi products for offline distribution. CU outlets have already been selling Xiaomi portable battery packs…
Convenience store growth is surging, bucking the trend of weakening physical retail store sales. 7-Eleven is the market leader, though FT Confidential Research’s latest consumer brands survey found that other foreign chains were increasingly popular. This is,…
The runaway success of augmented reality game Pokemon Go can be a potential game changer in the local retail scene. UOBKayHian said in a report that the game could also be seen as a revenue booster for retail real estate investment trusts (REITs) and modestly…
Circle K Hong Kong sales rose 4.7 per cent in the first half of this year, defying the retail downturn. Parent Convenience Retail Asia has reported an overall turnover boost of 3.4 per cent to HK$2.339 billion. Same-store sales grew 5.2 per cent year on year…
An increasing number of convenience stores, similar to those in South Korea, have been appearing in North Korea, especially in the border areas with China, a U.S.-based media report said Tuesday. Citing a Chinese source who frequently visits the North for…
A prolonged heat wave in South Korea is boosting sales of local retailers, cafes, hotels and theaters as people flock to those air-conditioned places to get relief, industry sources said Tuesday. The entire country has been hit by the scorching weather for…
Vietnamese supermarket chain VinMart has tripled its revenue in the second quarter of this year. Parent VinGroup says the group achieved VND2,465 billion (US$110.6 million) in sales of its supermarkets and convenience stores, a 226 per cent increase compared…
Convenience stores in some areas in South Korea are enjoying a boom in sales brought by the latest mobile game craze ‘Pokemon Go’. ‘Pokémon Go’, an augmented reality app developed by Niantic, requires players to walk around and catch creatures called Pokémon…
