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As the financial year closes, alarm bells are ringing for Dali Everyday Grocery Philippines, as the company’s financial stability comes under scrutiny. The grocery chain’s losses have widened this year, with liabilities creeping up to nearly match its assets.…
Malaysians are savoring their culinary delights, with average annual food-at-home expenses hitting a notable US$1,940 per person in 2023, according to the U.S. Department of Agriculture (USDA). Following closely behind, Singaporeans spend about $1,831 per…
After opening four new stores in 2021, including its first regional store in Busselton, 7-Eleven will continue to invest in the state, with seven new stores on the horizon for 2022. Sine opening its first store in WA in 2014, the company has invested $47…
Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets. The subsidiary of electronics retailer Mobile World closed 251…
Leading e-commerce platforms in Vietnam saw bigger demand for groceries, including fresh foodstuffs and beverages, in the second quarter of this year, a market research firm says. Google searches for keywords relating to online grocery stores in the second…
Many HCMC residents have turned to online shopping for essential goods following a two-week social distancing order across the city, and e-commerce platforms are reporting a boom. Data from e-commerce platform Tiki shows sales grow by 30 percent last weekend,…
Ready meals business Youfoodz has begun selling groceries essentials for home delivery, alongside Seasonal Fruit & Veg Boxes, amid high demand for online groceries during COVID-19. Youfoodz’s Grocery Essentials, includes a selection of grocery items, from…
Singapore food-delivery service Foodpanda has officially rolled-out its instant grocery delivery service, Pandamart, in Hong Kong after a trial commencing last November. Partnering with 1000 retailers and selling more than 14,000 items, Foodpanda has expanded…
The coronavirus is driving many Asian consumers to shop online – and it could mark the early stages of a long-term fundamental shift in the region’s retail industry. As the virus continues to spread, especially in Mainland China, physical retailers are being…
Reliance Industries has entered India’s online grocery retailing market via a new e-commerce platform JioMart, which started pilot trials last month in Mumbai. Through JioMart, it is planning to offer more than 50,000 products and connect 30 million offline…
Hong Kong-based firm The Fenix Group may sell its majority shareholding in high-end supermarket operator Hong Kong’s CitySuper Group. According to Bloomberg, if potential buyers show interest in the stake, it may be worth between US$300 and $400 million. Any…
Food delivery service Foodpanda is to expand into other services, including groceries, household essentials and flowers. The company will offer delivery service for items from more than 1000 retail partners in Singapore, including Caltex Star Mart, Eu Yan…
South Korean retail giant Shinsegae is developing a cashier-less grocery-store modeled on the Amazon Go concept. The brand’s first automated store – to be branded Emart24 – will open at the company’s data centre in Gimpo in Gyeonggi Province as a pilot while…
Robinsons Retail is looking to shrink its fashion business as competition with cheaper chains gets tougher. “We are shrinking fashion, for it has become very difficult,” said the firm’s CEO Gokongwei-Pe. “There are other brands that came in who are more…
Korean grocery delivery service Kurly has closed an upsized Series D round that hit US$113 million. The round was announced last April at $88 million, but has since attracted an additional $25 million funding from China’s Hillhouse Capital. Kurly delivers all…
Foodstuffs is opening a self-checkout-only grocery store called Pams Pantry – an extension of its Pams private label range. The store, which will open in Amberley, North Canterbury, in July will primarily stock Foodstuffs’ Pams, Pams Finest and Value private…
