Markets/Taiwan/News

Taiwan news & analysis

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...
22 August 2023
Pan Pacific International Holdings, the owner of variety discount chains Don Quijote and Don Don Donki, saw revenue grow by 5.8% to JPY1,937 bn (US$13.3bn) in the financial year ending 30 June 2023. It also hit a record operating profit, which exceeded the JPY100 bn mark for the first time ever, at JPY105.3 bn (US$0.72 bn) Domestic discount channel boosted by pandemic reopening Its domestic...
01 August 2023
With the goal of creating a greener future, Watsons partnered with Kenvue, L’Oréal and P&G to drive sustainability initiatives in Asia through the collective effort of combining Watsons’s expertise and supplier partners. Sustainability as the top priority Malina Ngai, CEO of A.S. Watson (Asia & Europe), said: “At Watsons, sustainability is at the heart of our business, and we recognise ...
31 May 2023
For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...
06 March 2023
Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....
28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
21 July 2022
Carrefour announced it signed an agreement to sell its 60% equity interest in Carrefour Taiwan, valued at €2 bn, to its long-term partner and co-shareholder Uni-President. However, Carrefour claims the Carrefour brand will still be present in Taiwan for the coming years and will be part of the wider network of Carrefour brand licenses in over 40 countries. Carrefour Taiwan’s network and sales ...
23 May 2022
Co-working spaces, hybrid stores with additional services, and range evolution: three ways leading Asian convenience operators are adapting to meet changing shopper needs as markets emerge from Covid-19. 1. Co-working spaces 7-Eleven in Taiwan has introduced private working spaces above one of its stores in Taoyuan, reports Focus Taiwan. Rates of NTD 100 (USD 3.4) per hour mean the 14 rooms...
16 May 2022
The sustainability initiative is piloted by A.S Watson at the Serpentine Green Shopping Centre Superdrug store in Peterborough, UK. This follows some of the efforts introduced in its Asian stores like the refillable stations and plastic recycling programs. New Greener Stores Global Framework The global framework for sustainable practises introduced by A.S Watson takes a holistic approach ...
28 March 2022
FamilyMart continues to adapt its stores to meet food for later missions. Our view: magnification of minimarts Earlier this year, we highlighted five trends that will shape retail in Asia . The magnification of minimarts was one of them, and this is impacting the product mix of convenience stores across the region. FamilyMart is not only upgrading food and beverages in Taiwan, but also doi...