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China’s convenience-store market is booming with rapid sales growth and rapid network expansion ahead. Sales through Chinese convenience stores reached US$19.78 billion last year, representing a compound annual growth rate (CAGR) of 24 percent over the past…
New York-based creative agency School House has partnered with cosmetics brand La Mer for its Edge of the Sea campaign exhibition at Shanghai’s Power Station of Art. The immersive, multi-sensory campaign activation is “designed to explore the joyful,…
South Korea’s CU convenience store chain will expand its footprint to Vietnam, its second international market after Mongolia. BGF Retail, the operator of CU, signed a master franchise agreement with CUVN, a Vietnam-based convenience store operator, on…
East Japan Railway Co. is expanding its operations into Singapore with new JR East metro station stores launching in island’s metro stations. The firm is planning to set up store clusters at 27 out of the 32 stations on the Thomson-East Coast Line, which will…
Domino’s Pizza and Nuro, a robotics company have partnered to bring out an autonomous pizza delivery unmanned vehicle known as the R2. Dominos will use Nuro’s unmanned fleet to serve select Houston Domino’s customers who place orders online. This partnership…
Sales and profit surge in first quarter on new stores, enhanced service. 7-Eleven Malaysia has achieved sales growth of 9 per cent in the first quarter – and net-profit growth of 24.9 per cent. Same-store sales rose 6.1 per cent, the rest of the growth due to…
China is experiencing a convenience-store boom. Nearly 12,000 new convenience stores were opened on the mainland last year, according to the China Urban Convenience Store Index, an increase of 18 percent. The index, released by the China Chain Store and…
Coles is ramping up its convenience strategy, with a plan to grow sales on the back of “food-for-now” and “food-for-later” products. As part of this strategy, the brand will convert around 200 Coles supermarkets to a more premium, convenience-focused format,…
The Asia-Pacific region is the largest and fastest-growing region in the global convenience market, according to a new report by GlobalData. The research firm forecasts a compound annual growth rate of 10.6 per cent over the 2017-2022 period, due to local…
Vietnamese petroleum retailer Petrolimex is planning to build a convenience-store chain. After five years of research, the group plans to open stores across its network of 5200 gas locations across the country. “Petrolimex will expand into this sector, each…
A week for Vietnamese goods this year will be held at the Aeon supermarket chain in Saitama prefecture and Kanto region in Japan from June 5-12, according to organizers. During the week, Vietnamese goods will be highlighted at 40 outlets in the Aeon…
Japanese convenience store FamilyMart Holdings is preparing to invest ¥25 billion (US$223 million) on labour-saving technologies. The firm will partner with tech firm Panasonic to introduce self check-out, digital displays and other similar devices which…
Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in…
Jose Victor Paterno, president and CEO of Philippine Seven Corp, has been named the NACS Asian Convenience Retail Leader of the Year. The award, endowed by PepsiCo, recognises and honours “the most successful and influential convenience industry leader of…
The number of convenience stores in Vietnam has quadrupled over the last six years, according to global data analytics firm Nielsen released at a press conference on Thursday. “Convenience stores in Vietnam have become popular destinations for young consumers…
As the retail sector finally rebounds, the CEO of Circle K Hong Kong owner Convenience Retail Asia (CRA), Richard Yeung, says the company has reinvented itself. He says profits have grown over the past year, while strong customer loyalty and marketing…
