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Auchan Retail is considering selling its stake in a group of RT-Mart-branded stores in Taiwan and is seeking $300 million to $400 million, people familiar with the matter said. The French supermarket chain is working with an adviser to find a buyer for its…
Aldi Australia has taken another step toward more sustainable local operations, announcing it is committing to zero waste to landfill by 2025. The plan, according to Aldi, is to first focus on reducing food waste to landfill by 2023 by expanding segregated…
Online supermarket Supie is set to open its virtual doors in Auckland next month, aiming to change the way Kiwis shop for groceries. The membership-based supermarket will house more than 2500 products sourced from local growers and food producers. Supie also…
Canada’s Alimentation Couche-Tard has dropped its €16.2bn ($19.6bn) bid to acquire European retailer Carrefour SA after the takeover plan ran into stiff opposition from the French government, two sources familiar with the matter told Reuters on Friday. The…
Carrefour SA said Tuesday they have agreed to buy Wellcome Taiwan from Dairy Farm International Holdings Ltd. to accelerate its expansion. The deal includes 224 proximity stores as well as a warehouse and its overall enterprise value is EUR97 million…
From today, supermarket chain Giant will lower the prices of 650 daily essentials for six months by 20 percent, on average. It will also refresh its brand, with its 53 Singapore stores incorporating new features including in-store bakeries and Guardian…
FamilyMart will this month deploy a robot that vaguely resembles a kangaroo to stack sandwiches, drinks and ready meals on shelves at a Japanese convenience store. The robot’s maker, Telexistence, hopes the trial will help trigger a wave of retail automation.…
Bangkok’s Tops Market Westgate has undergone a major renovation designed to position the supermarket as the “most complete premium lifestyle supermarket in Thailand”. The revamp features six “magnet” zones introducing more than 40,000 globally sourced…
7-Eleven has hit a new milestone with the opening of its 71,100th store, located in Seoul, the capital of South Korea. “7-Eleven’s iconic orange, green and red stripes are easily recognized in 17 countries around the world,” said 7-Eleven President and CEO…
Retail giant Walmart has ended its membership program and is launching a new subscription service, Walmart+, later this month according to technology news website Recode. The service will cost US$98 a year and offer same-day delivery; petrol discounts and…
Dutch multinational retail-grocery franchise system Spar has launched six new locations in China in the midst of the coronavirus lockdown. The firm benefitted from the scale and duration of China’s lockdown being briefer than initially feared – with an early…
GS Retail, which operates the South Korean convenience-store chain GS25, has reported a huge profit increase for this year’s first financial quarter, boosted by sales of pre-packed meal kits popular during the coronavirus lockdown. GS Retailreported a KRW88.8…
Singapore supermarket operator Sheng Siong boosted net profit by 49 percent in the March quarter as sales surged due to the Covid-19 pandemic. Sales were up by 30.7 percent in the quarter, or by 19.7 percent on a same-store basis, initially due to stronger…
Singapore supermarket chain FairPrice has launched a mobile grocery service dubbed ‘FairPrice on Wheels’, delivering essential groceries closer to customers’ homes. With FairPrice on Wheels, customers living far away from supermarkets can now buy products…
Familymart Taiwan is aiming to open 220–230 new stores in the territory this year, as the Japanese convenience-store chain franchise, emerges unaffected by the coronavirus turmoil. The firm’s takings in this year’s first financial quarter are anticipated to…
Investment groups China Resources and Yonghui Superstores, as well as some private individuals, are among potential buyers of Hong Kong’s City’Super high-end grocery chain. Current owner The Fenix Group is intending to sell a majority stake in the business in…
