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Berli Jucker, the operator of Thailand’s Big C retail stores, has reported revenue of THB30.9 billion (US$979 million) in the first quarter, gaining THB1.6 billion (US$50.5 million) over the same period last year. Network expansion was the main driver of the…
Global grocery markets are likely to generate an additional US$1.9 trillion in sales by 2023, led by Asian countries, according to new research data. The IGD forecast, based on IMF, World Bank, UN and Oanda base data, predicts Asia will see the strongest real…
Seamless in-store shopping experiences coupled with innovative advances in technology are among IGD’s five key retail trends for 2019. “Next year’s biggest trend of all is likely to be the continuation of rapid and radical change in the food and grocery…
AI will soon revolutionise the online grocery shopping experience, according to research released today ahead of next month’s Consumer Goods Forum Global Summit in Singapore. The research, compiled by IGD, is based on a survey of 223 senior industry members…
Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organisation IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 per cent of compound…
The Singapore online grocery market is set to more than triple in size over the next three years, according to research house IGD. The global organisation expects sales will rise from the current S$130 million (US$91 million) to S$500 million (US$350 million)…
Asia will continue to be the biggest engine of growth in the grocery market with its sales set to exceed those of Europe and North America combined within five years, according to new forecasts from research organisation IGD. Global growth will be driven by a…
“Lead or lose” – that is the message for food and grocery businesses from chief executive Joanne Denney-Finch of the industry’s research and training charity IGD. Outlining her vision for the future of global retailing, she told delegates at the Canadian…
Indonesia’s Alfamart has reported a healthy first half year’s performance. Alfamart sales rose by 21.5 per cent to IDR36,870 billion (US$2 billion) thanks to an aggressive store expansion program. The company’s unaudited gross profit increased 20.6 per cent.…
Carrefour China says it will concentrate on convenience store development for the rest of this year. The French-headquartered retailer has been losing market share in the hypermarket segment and has closed about 30 stores during the past three years. It is…
“Genuine revolutions in food retailing are rare, but we’re living through one now.” That’s the view of Joanne Denney-Finch, CEO of the food and grocery researcher IGD, speaking who addressed last week’s Asia Pacific Retailers Convention and Exhibition (APRCE)…
The China grocery boom is accelerating – but India and the so-called MINT countries are chasing. Chinese grocery sales are set to grow by a third between now and 2020 and reach US$1.5 trillion per year, according to new forecasts from IGD. While China will…
Swiss retailer Migros is to sell private label products into two Japanese retail chains. Switzerland’s largest grocer, and one of the world’s 40 largest supermarket chains, is to sell lines to Lawson’s Seijo Ishii stores and Seiyu, which is Walmart’s Japan…
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