Tag Archives: Convenience Store

Dennis Uy’s Phoenix Petroleum inks deal to buy FamilyMart

(Photo from inquirer.net)

Dennis Uy-led Phoenix Petroleum Philippines Incorporated announced a deal to acquire the Philippine unit of convenience store chain FamilyMart from Ayala Land Incorporated and SSI Group Incorporated. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, October 30, Phoenix Petroleum said that “a Memorandum of Understanding was signed on October 30, 2017 between Phoenix Petroleum and SIAL CVS ...

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FamilyMart chain for sale

(Photo from inquirer.net)

(Source: inquirer.net | October 9, 2017) The Philippine retailing business of FamilyMart, partly owned by the Ayala and Tantoco groups, is on the auction block, signaling a shakeout in the highly competitive local convenience store business. Several industry sources confirmed to the Inquirer that the local network of FamilyMart—which has around 72 stores to date—has been offered to prospective new ...

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Korean online mall sales lose traction

Smart phone online shopping in woman hand during Christmas. Shopping center in background. Buy clothes shoes accessories with e commerce web site

(Source: Inside Retail Asia | September 6, 2017) South Korean online mall sales growth has decelerated as competition grows more fierce, government data shows. There was a 3.6 percent increase in the combined revenue of 26 offline and online retailers to 10.22 trillion won (US$9 billion) in July, according to the Ministry of Trade, Industry and Energy. This gain marks ...

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‘Solid’ profit growth for Dairy Farm International

7-11-franchise

(Source: Inside Retail Asia | August 4, 2017) Dairy Farm International Holdings had solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets, says chairman Ben Keswick. “While the rest of the year is expected to stay challenging for supermarket and hypermarket activities in Southeast Asia, the group’s other businesses continue to make steady progress.” ...

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All 7-Eleven stores in Indonesia withdrawn

7-11-franchise

(Source: IGD Retail Analysis| June 30, 2017) Modern Sevel, the operator and franchise holder of the 7-Eleven convenience stores in Indonesia, has closed all of its stores across the country. In 2015, the company wanted to use the franchise as a growth engine to reach more than ten times their current network to 2,500 stores by 2025. However, they have ...

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Wheelys Moby Mart ‘new future of retail’

06-27 Wheelys-Moby-Mart-1

(Source: Inside Retail Asia | June 22, 2017) An autonomous, staffless mobile store, Wheelys Moby Mart, has started undergoing beta testing in Shanghai. Its makers say it has the potential to turn any parking space into a 24-hour store, and they are even working on a self-driving version that goes to customers. The Moby offers products for immediate consumption, such ...

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Philippine Seven moves into Bohol

Source: bworldonline

(Source: Inside Retail Philippines | June 7, 2017 ) Philippine Seven Corporation (PSC) has opened its first 7-Eleven store for Bohol, at the Arcom Center in Poblacion, Panglao. With PSC’s ongoing expansion in the Visayan regions, Bohol is the fourth major island for the 7-Eleven chain. PSC started expanding outside Luzon in 2012, followed by Cebu, Bacolod, Iloilo and Boracay. ...

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Korean singles driving retail reform

Source: The Korean Herald

(Inside Retail Asia | 27 April 2017) The rapidly rising ranks of Korean singles is driving huge changes in the country’s retail industry. Currently 27 percent of the country’s population lives alone, a figure set to soar to 32.7 percent by 2030 – or one in three homes. Seol Do Won, vice chairman of the Korean Chainstore Association told the ...

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Vietnam convenience store growth to lead Asia

devin-chandler-kills-Youef-brothers-at-Florida-convenience-store

(Source: Inside Retail Asia | 28 March 2017) Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organization IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 percent of compound annual growth rate, up to US$4.8 trillion by 2021. Of that, the convenience store sector ...

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Start-up company opening an unmanned 24-7 store

naraffar-convenience-store-sweden

(Source: Tech Wire Asia | 10 March 2017) Start-up company Wheelys is opening an unmanned store that will allow customers to buy snacks and treats, including chocolate, cigarettes and potato chips, at any time of the day or night. Wheelys which is also famous for the all-in-one café on a bike, will be setting up shop in Shanghai and is ...

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