All Asia articles – Page 15
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NewsTesco’s candour impresses City
The City was impressed with Tesco chief executive Phil Clarke last week when he delivered his first full-year results, although sales slipped slightly by 1.28% on the day.
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NewsAnn Summers to move overseas once global economy improves
Ann Summers is eyeing international markets to expand its lingerie and sex toys business.
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NewsBigger role for Sunnucks as Gap picks London as its non-US base
US fashion giant Gap is to take advantage of the UK’s “great retail talent” by making London its new international hub as it improves efficiencies across the business.
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Opinion
Tesco needs to rekindle UK shoppers' affection
In his short time in charge of Tesco, Phil Clarke has already shown he’s one for straight talking.
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News
Metro Cash & Carry to expand in India, China and Russia
Metro Cash & Carry chief executive Eckhard Cordes has said that India, along with China and Russia, will be one of the top three markets for the German company in the coming years. Metro plans to open 50 cash and carry stores by 2015 in India, matching the pace of ...
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News
Matahari cancels Hypermarket sale and will expand the chain
Matahari has cancelled the sale of its hypermarket business, Hypermart, and will instead retain and expand the chain.The decision follows the final recommendations of a strategic review conducted by investment bank Merrill Lynch. It was also recommended that Matahari join with a global partner to expand the hypermarket division, and ...
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News
Ministop to open a convenience store chain in Vietnam
Japanese convenience store operator Ministop is to open a convenience store chain in Vietnam, hoping to tap into potential demand in the market.The company, which is a subsidiary of Japanese retail giant Aeon, said that it signed a basic accord with a unit of Trung Nguyen Holdings of Vietnam to ...
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NewsTesco Asia trip shows grocer is realising global rewards
Analysts believe Tesco is “beginning to enjoy the benefits of its global scale” after the grocer ran an investor trip to Asia this week.
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NewsH&M opens first South East Asia store
H&M is to open its first store in south east Asia in central Singapore next year.
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News
Walmart submits bid for Matahari hypermarkets
Walmart has reportedly submitted a bid for Indonesian retailer Matahari’s hypermart stores, joining regional competitor Lotte Shopping and private equity firm Carlyle Group.Although it is unclear whether Walmart has formally bid for the business, Reuters reports that the retailer has hired Barclays Capital to advise on the transaction, which could ...
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News
Metro to add smaller stores in Asia
Metro Group-owned Metro plans to add more city centre cash and carry outlets in Asia. The centrally located stores will be smaller, with only about a third of the floor space of its suburban stores. Metro Group is expanding in Asia to become less reliant on its domestic German market ...
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AnalysisA world of international retail opportunities
Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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News
Matahari to accelerate hypermarket expansion
Retailer Matahari will aggressively grow its hypermart banner, parent company MPP announced. “We currently have 50 hypermart stores in Indonesia and will accelerate the expansion from seven stores per year to 10 to 15 stores,” said a spokesman.The existing hypermart formats will be upgraded and IT infrastructure strengthened in order ...
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AnalysisBidding for Carrefour’s Far East assets gets under way
Carrefour collected first round bids last week for its assets in Singapore, Thailand and Malaysia. Tesco is viewed as a leading contender.
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News
Yamada Denki to open small rural stores
Japanese electronics market leader Yamada Denki has announced plans to open smaller stores in thinly populated rural areas in a bid to speed up expansion away from competitive urban centres.The retailer intends to open 10 such stores by early next year. They will have a sales area of about half ...
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News
Matahari H1 sales reach £200m
Matahari has recorded total gross sales of IDR3.18trn (£200m) in its first-half, with operating income and net earnings reaching IDR391bn (£300,000).This solid sales performance is supported by 8.3% like-for-like sales growth from its department store business last year.
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News
FamilyMart breaks 5,000 store mark
FamilyMart, the country’s largest convenience store chain, has reported it has broken the 5,000 store mark for the first time. Local affiliate Bokwang FamilyMart now operates 5,002 stores in South Korea, the retailer’s largest market outside Japan. The continued expansion is part of FamilyMart’s ambition to have 25,000 stores globally ...
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News
Big C Q2 sales up 2.4%
Casino-owned Big C has announced that retail sales in the second quarter of 2010 were up 2.4% to Bt18.4bn (£370m) compared with the same period last year.Operating profit grew 12.7%, with net profit growing by 15.8% to reach Bt686m (£13.8m), compared with a net profit last year of Bt592m (£11.9m). ...