News

Retail and consumer goods industry news

02 January 2014
The launch of AEON's Tan Phu shopping centre, close to Ho Chi Minh City, marks the retailer's first store opening in Vietnam. AEON invests in ASEAN-shift strategy Following the establishment of Aeon Vietnam Co., Ltd two and a half years ago, AEON opened its first shopping centre on 1st January 2014. Market entry into Vietnam is part of AEON's strategy to focus on the south east Asian m...
02 January 2014
Japanese convenience retailer Lawson will slow its expansion in China, adding an extra five years to meet its significant 10,000 store target. Four-city focus, with potential partnerships for expansion in the future In interview with the Financial Times, Lawson's CEO Takeshi Niinami outlined its plans to focus on the cities of Shanghai, Chongqing, Dalian and Beijing. Its strongest presen...
02 January 2014
Netherlands-based Coop Supermarkten and Sligro have announced results for 2013, with both being aided by acquisitions. Coop Supermarkten enjoys strong growth Coop Supermarkten said that it had seen revenues grow by 7.5% to €975 million in 2013, boosted by the acquisition of 54 C1000 supermarkets from Jumbo. The retailer opened 15 stores and converted 27 of the C1000 stores to its own banner d...
02 January 2014
Building on the success of its ecommerce venture, India's Future Group plans to blur the lines between in-store and online shopping to maximise sales opportunities. Merging online and offline shopping Future Retail's CEO Kishore Biyani has emphasised the central role of technology to the company's retail strategy. Whilst the ecommerce channel continues to experience rapid growth, pro...
02 January 2014
Carrefour’s UAE-based franchisee, Majid Al Futtaim (MAF), has announced a series of initiatives in recent weeks. We summarise the company’s developments in Jordan, Morocco and Oman. MAF to invest in Oman The company has announced plans to invest US$467 million in the building of a new shopping centre in Oman’s capital city Muscat. The centre will be anchored by a Carrefour hypermarket and i...
02 January 2014
Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses, has received conditional approval from Serbia’s Commission for Protection of Competition to take over Mercator, the country’s second largest grocery retailer. Approval conditional on Agrokor selling a number of stores Serbia's Commission for Protection of Competition has advised that for the s...
02 January 2014
The Co-operative Food has announced it is offering customers up to 25% off their shopping and is also supporting the government's Change4Life campaign. Voucher based promotion The Co-operative has launched its most generous national promotion to date, rewarding shoppers who spend £20 or more with a coupon worth £5 off their next £20 shop. The retailer has announced the offer will run until the...
02 January 2014
Following the successes of both its home delivery service and recently reintroduced online service, Iceland has revealed plans to launch a Click & Collect option for its customers. Latest supermarket to launch Click & Collect By April this year, Iceland shoppers will be able to order online and collect their purchases from 540 of the supermarket's stores. The retailer is also on the look-out ...
02 January 2014
Netherlands-based Jumbo has announced its results for 2013, saying that Group sales rose by 2% to €7.09 billion. Group’s banners perform well The retailer, which operates both C1000 and Jumbo fascias, said that its consolidated revenue rose to €7.09 billion. Sales to shoppers at its Jumbo banner were €3.84 billion, while C1000 stores generated sales worth €3.26 billion. The Group’s Jumbo bann...
29 December 2013
To stimulate your thinking for 2014, six of our analysts have selected their favourite large stores of the past year. Tesco Extra (Watford, UK): creating a new future for hypermarkets? Nick Miles, Senior Business Analyst Tesco’s relaunched hypermarket in Watford was a ‘retail event of 2013’, seeing the retailer open the first of its new look ‘destination Extra’ stores and to create more...