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Singapore supermarket operator Sheng Siong says it plans to open more stores across the city in the wake of a 7.4-per-cent profit increase last year. Sheng Siong Group achieved a net profit of S$75.8 million (US$54 million) for the December year on revenue up…
With a week to go before the Lunar New Year, or Tet, supermarkets in Hanoi are thronged with shoppers. Lees ook: LG and Naver are teaming up to make robots better DTI to showcase Filipino retail brands in Jakarta WhatsApp calls log could soon be integrated…
Best Mart 360, the Hong Kong-listed ‘leisure-food retailer’ opened its first store in Macau yesterday. The company – which has suffered vandalism to some 75 of its Hong Kong stores during recent protest activity – believes there is potential for as many as 15…
Grocery-retailer Spar China has launched five new supermarkets. The Dutch-headquartered international franchise business has opened two stores in Shandong and three in Guangdong, both Chinese provinces, and bring the chain’s total footprint in the territory…
Chinese state-owned retailer Lianhua Supermarkets has undergone a complete brand refresh, after 28 years of trading. The new look, including a refreshed logo and instore signage and design, is being rolled out across the retailer’s 42 stores in China…
Mydin, Malaysia’s largest supermarket chain, has announced plans to de-stock any products promoted as “palm-oil free” in a move aimed at discrediting the environmental movement. The expansion of palm-oil plantations – the majority of which are located in…
Australians top priorities in grocery shopping are convenience, quality and pricing – with the latter surprisingly coming in third. Dunnhumby’s latest Australian Grocer Retailer Preference Index found that Woolworths is the go to “one-stop-shop” for wide…
Singapore supermarket operator Sheng Siong boosted its net profit by 7.4 percent in the June quarter, to S$18.42 million. Sales rose 11.8 percent to $238.16 million on the back of 13 new store openings. However, the company has warned investors that…
Suning is to buy an 80 percent controlling stake in Carrefour China for €620 million (RMB 4.8 billion). The first Carrefour China supermarket was opened in 1995 when the French company was one of the first foreign retailers to enter the market. Currently, it…
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8…
China is experiencing a convenience-store boom. Nearly 12,000 new convenience stores were opened on the mainland last year, according to the China Urban Convenience Store Index, an increase of 18 percent. The index, released by the China Chain Store and…
Vietnamese supermarket chain VinMart claims to have opened Vietnam’s first virtual store. Run by VinGroup’s subsidiary VinCommerce, the new concept is being tested in 20 locations, including apartments, office buildings, schools and at bus stops, both in…
Grocery retail franchise Spar International will open more than 150,000sqm of retail sales space in China this year. The firm’s store-development plans include compact hypermarkets and a “new generation” of supermarkets in Northern and Southern China. Spar…
Japanese retailer and mall operator Aeon has launched its first hypermarket in Myanmar. The 2800sqm store is triple the size of its 14 existing supermarkets in Southeast Asia and its first hypermarket in the region. Opened in the capital city of Yangon, it…
Carrefour has denied business media reports it is considering selling all or some of its Chinese retail business. According to an article, quoting “people familiar with the matter”, the French retail giant is mulling options for the future of the Carrefour…
Vietnamese petroleum retailer Petrolimex is planning to build a convenience-store chain. After five years of research, the group plans to open stores across its network of 5200 gas locations across the country. “Petrolimex will expand into this sector, each…
