Markets/Asia/News

Asia news & analysis

30 November 2023
During the pandemic, convenience retailers in Thailand adapted quickly to serve households with daily-use products. With the rebound of tourism and renewed optimism in the economy, Thai convenience retailers have continued to evolve their formats to differentiate themselves. 1. Unique experiences – Joyful shopping at Tops Daily Tops Daily has transformed the formats of its Tops Daily stores...
30 November 2023
China: Temu’s parent PDD Holdings reported an outstanding Q3 PDD Holdings, home to the rising cross-border online discount platform, has reported a year-on-year increase of over 90% in revenue, amounting to $9.44 billion in Q3. Temu has come under the spotlight of many online retailers since the platform rose to the top of app stores in the US in just a few weeks and has now gained a presence ...
27 November 2023
During our recent trip to Taipei, we explored the strategies adopted by retailers to thrive in the current economic challenges. Over the past two years, Taiwan has witnessed several significant mergers and acquisitions, including PX Mart acquiring RT Mart and Uni-President taking over Carrefour Taiwan. In this article, we focus on three retailers representing the convenience, supermarket, and hyp...
24 November 2023
With network expansion not a priority for 7-Eleven in the saturated Japanese market, it is adopting new strategies in the area of AI technology and product offerings to drive sales in its stores. Generative AI to drive product innovation 7-Eleven Japan has built its own cloud-based IT system with generative AI from OpenAI, Stability AI and Google to collect data from customer sales, product...
23 November 2023
Leading South Korean convenience retailers have entered seven foreign markets in recent years and continue to grow with the help of the global K-pop frenzy. In this article, we will delve into four reasons why K-convenience stores win over shoppers’ hearts in Asia. 1. Exclusive Korean assortment and experience that can’t be replicated elsewhere Although there are more Korean supermarkets ar...
07 November 2023
Seven interesting formats of 7-Eleven around the world 7-Eleven is the world’s largest convenience retail banner in terms of revenue and stores, with a global presence across more than 20 markets. Catering to local needs While 7-Eleven is well known for its food-to-go and beverage range, its global presence means it and its global franchisees may sometimes flex its format to meet local n...
03 November 2023
Tops, a food business under Central Retail Group, is enhanching its portfolio with a new convenience format. We visited Tops daily in Bangkok that embodies the Joy-venience concept. The new store format aims to infuse more enjoyment into shoppers’ daily lives. A new model – convenience, speed, accessibility, and proximity to home The format is designed to deliver an authentic connection wit...
01 November 2023
As DFI Singapore celebrates the first anniversary of its yuu Rewards Club customer loyalty app, it continues to improve its offerings to sustain its growth. Successful first year Since its launch in end October 2023, yuu Rewards Club has had a successful take up rate. It hit a million app downloads within the first 100 days of launch alone, and has continued to grow further. Its success ...
23 October 2023
Roundup of the recent strategic initiatives and promotions for Singles’ Day led by China’s leading ecommerce giants. Ecommerce rivals compete for Singles’ Day success This year’s Singles’ Day Shopping Festival (also referred as 11.11 or Double 11) unfolds amidst global economic uncertainty, with shoppers seeking value-for-money products. High-income shoppers still value brands and new produ...
09 October 2023
Giant is DFI’s hypermarket banner in Singapore, with a constant focus on providing greater value to its shoppers. The global cost of living crisis in the past year has seen shoppers become more value-conscious, as they look to stretch their dollar. Here are five initiatives that strengthen Giant’s reputation as a retailer that offers top value: 1. Long term price freezes Apart from its usua...