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As part of ‘The Global Investors Meet’ in Dharamshala, Himachal Pradesh on June 10-11, 2019, which will have the CII as key national partner, a road show was organized in Bangalore recently that saw senior leaders from various industries participate in the…
Tesco has recently announced that the brand is making some strategic changes to further simplify the business and this might affect jobs of 9,000 employees. “Since we launched our turnaround four years ago, we have built a stronger business focused on serving…
LOTS Wholesale Solutions, a part of the US$ 50 billion Charoen Pokphand Group and a wholly owned subsidiary of Siam Makro Public Company Limited from Thailand, has unveiled its third wholesale distribution centre in India at Ithum, Sector 62, Noida. In 2018,…
Tesco Asia like-for-like sales continue to decline while the UK-headquartered company repositions its offer – masking a stronger underlying performance for the business. “We have made good progress in our discussions with suppliers towards a new commercial…
Building on the SPAR Brand awareness amongst shoppers in Hyderabad, the newest hypermarket situated in Paradise Mall, Nacharam has been enthusiastically welcomed by customers. This is the 18th SPAR Hypermarket to open in the country, spread over seven states…
Hypermarkets, which offer a wide range of products under one roof, once prospered in Korea. Recently, however, sales growth has stagnated with a rapid change in consumer behavior. According to industry watchers, hypermarkets in Korea anticipated high growth…
Lulu Group Indonesia has opened its first hypermarket, in Jakarta. Based in the UAE, the Lulu Group plans to invest US$500 million to set up 10 hypermarkets in Indonesia over the next three years. Its first Lulu hypermarket was officially opened by Indonesian…
The UAE-based retail major Lulu Group marked its retail push into Indonesia with the opening of its first hypermarket in the country in capital Jakarta. The group has already announced plans to invest $500 million and set up 10 hypermarkets in the next three…
Sales of hypermarkets in Taiwan are expected to hit a new high of more than NT$180 billion (US$33 billion) this year as chain operators have made great efforts to develop e-commerce platforms to boost sales, according to the Ministry of Economic Affairs…
PT Matahari Putra Prima has relaunched its Hypermart G7 concept at Metro Indah Mall Bandung in West Java. Another Hypermart store within the same province reopened on September 26, at Depok Town Square as the multi-format Indonesian retailer speeds up its…
The UAE-based Lulu Group will mark its first retail push in Indonesia by opening its first hypermarket in the capital city of Jakarta by this year end. The announcement came during the visit of President of Indonesia, Joko Widodo (popularly known as Jokowi),…
French retailer Carrefour is embracing advanced technology to bring shoppers closer to its services in the fast-changing retail landscape. In June, the company launched its second Easy Carrefour store in Xuhui District. It’s a new initiative to cater to…
Matahari Putra Prima has opened its 111th hypermarket, at Lombok Epicentrum Mall, Mataram Director of communications and PR, Danny Kojongian, says the new Matahari Hypermart features the new G7 design concept the company is rolling out across its hypermarkets…
UK retailer Tesco has reportedly engaged HSBC to handle the sale of its South Korea retail operations. Tesco Korea is the hypermarket big’s largest division outdoors its UK house market and analysts estimate the enterprise might fetch between US$5 and $7…
Aeon chairman Datuk Abdullah Mohd Yusof said nevertheless, the group remains confident in meeting the challenges head-on. “After consumers get used to the changes in the new tax system, they will start shopping again, especially in the upcoming festive…
