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Coles, the prominent Australian supermarket chain, reported an increase in sales for the first quarter, primarily fueled by the robust performance of its supermarket division. Sales Increase in the First Quarter Coles experienced a 3.9% rise in sales for the…
In an innovative move to deepen its engagement with local communities, Japanese convenience store chain Lawson has formed a partnership with a free school lunch program in the Philippines. This initiative not only aims to boost brand visibility but also…
Metcash, a prominent retail conglomerate, reported a notable 5.1% increase in group sales (excluding tobacco) for the 18 weeks leading up to August 31st this year. This growth coincides with the company’s plans to launch its first-ever cross-pillar marketing…
Aldi Australia has revealed plans to expand its residential solar energy program to key urban areas along the East Coast, offering residents an affordable and uncomplicated route to renewable energy. Program Expansion The initiative, which had its pilot run…
Coles has announced a 3.6% increase in group sales, reaching $44.3 billion, with an EBITDA rise of 11% to $3.9 billion for the current fiscal year. The group’s net profit after tax also increased, up by 2.4%, yielding a total of $1.07 billion. Driving Growth…
In a strategic move to bolster its supply chains amidst global uncertainties, Lidl, one of Europe’s largest supermarket chains, is setting its sights on sourcing more products from Vietnam and Malaysia. This shift marks a significant step in the company’s…
MBK Partners, a private equity firm primarily operating in Northeast Asia, recently announced plans to sell its struggling South Korean supermarket chain, Homeplus. This move aims to prevent the retailer from going under. In an attempt to keep the firm afloat…
AEON General Merchandise Store & Supermarket Set to Open at Vincom Mega Mall Ocean City: A New Era for Retail in Hanoi In a move poised to reshape the retail landscape in Hanoi, Vincom has announced the grand opening of AEON General Merchandise Store &…
Coles says its third-quarter revenue was up 3.7 per cent, from $9.065 billion to $9.4 billion this year, citing volume growth and its value offering resonating with value-conscious consumers. E-commerce sales increased by 25.7 per cent to $1.1 billion during…
Japanese convenience store chain Lawson plans to raise its store count in overseas markets and accelerate growth in Southeast Asia over the coming years. The chain is targeting 14,000 overseas stores over the next six years. Its international network…
Aldi US plans to open more than 225 stores across the country this year as part of the next phase of its five-year growth strategy. The openings will include organic growth and conversion of select Winn-Dixie and Harveys Supermarket stores to the Aldi format.…
Supermarket chain Aldi has dropped its plan to expand into online shopping believing it might affect its ability to continue providing low-cost products for customers. According to Jordan Lack, Aldi’s MD of buying, the company dismantled its online team late…
Japanese retail giant Seven & I Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into Europe, Latin America, the Middle East and Africa. It is aiming to boost the…
In a press release, CP ALL Laos, a master franchisee of 7-Eleven International, which is a joint venture between 7-Eleven, Inc. and Seven-Eleven Japan, opened its first 7-Eleven store in Laos. The store is located in the capital city of Vientiane. “CP ALL…
Big C Supercenter, the Thai supermarket chain owned by one of the richest families in the Southeast Asian nation, will enter Hong Kong next month and also seek a dual listing in the city and Thailand as early as the fourth quarter, according to a top…
With inflation and cost-of-living pressures rising, Coles says its Dropped & Locked value campaigns and own brand offerings boosted sales in FY23. For the 52 weeks to June 25, sales from continuing and discontinued operations reached $41.5 billion – up 5.3…
