Tag Archives: Grocery

Walmart posts biggest U.S. sales rise in a decade, shares soar

(Source: Reuters | August 16, 2018) Walmart Inc. posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc. The world’s largest retailer is known for its sprawling stores, a factor that ...

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Small store formats show strength in numbers in today’s local retail market

(Source: Nielsen Press Release | July 5, 2018) Grocery retailers continue their aggressive expansion to extend reach to where busy consumers live and work. While big supermarkets continue to extend their footprint, rapid expansion is being driven by the emergence of small format stores, according to performance management company, Nielsen. Small format stores are modern trade stores which appeal to ...

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IGD Asia: why China’s top 10 grocers shine

(Source: Inside Retail Asia | May 3, 2018) Leaders in China’s retail grocery market are growing at a rate that almost doubles that of the entire sector, according to new research from IGD Asia. It predicts the top 10 retailers will achieve 10.4 percent growth by 2022, compared to 5.8 percent for the overall market, but anticipates this will come ...

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Discounting clampdown boosts Tesco Asia profits

(Source: Inside Retail Asia | April 12, 2018) Actively reducing coupons and heavy bulk discounting programs has boosted Tesco Asia’s bottom line. Tesco, headquartered in the UK, has reported a global profit of £1.644 billion, up a solid 28.4 per cent as it continues its turnaround strategy under the leadership of CEO David Lewis. Tesco Asia sales fell in every ...

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SEA grocery business mars Dairy Farm International’s performance

(Source: Inside Retail Asia | March 9, 2018) Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to the results just released. Full-year profit was US$403 million, after allowing for $64 ...

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Amazon revolutionizes delivery of Whole Foods groceries to consumers

(Source: Manila Bulletin | February 10, 2018) Amazon is bringing its speedy delivery to Whole Foods – and Margot Good might never visit the organic grocery chain again. “I can stay in my pajamas at home and have them deliver me my groceries,” she said Thursday after learning about the new service outside a Cincinnati location. The online retail giant ...

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Walmart and Rakuten form strategic alliance

(Source: Inside Retail Asia | January 26, 2018) In Tokyo today, Walmart president/CEO Doug McMillon and Rakuten chairman/president/CEO Hiroshi “Mickey” Mikitani announced a strategic alliance aimed at expanding consumer reach and enhancing customer service. Included in the collaboration is the launch of an online grocery delivery service in Japan as well as an exclusive retail alliance between the US retail ...

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Asia to dominate global grocery market growth

(Source: Inside Retail Asia | November 23, 2017) Asia is set to dominate growth in the global grocery market for the next five years, according to a report by international research organisation IGD. Worldwide, grocery industry sales are tipped to grow by US$2.7 trillion in sales up to 2022. “Asia’s grocery retail market will be significantly boosted by a rising population ...

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Amazon’s Wholefoods takeover gets regulatory green light

(Source: Inside Retail Philippines | August 24, 2017) Amazon’s Wholefoods takeover has received regulatory approval, clearing the way for the biggest retail deal of the year to proceed. The Federal Trade Commission, charged with ensuring business acquisitions do not impact customer choice, has given the green light to the US$13.7 billion deal,  shortly after Whole Foods shareholders voted in favor ...

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Philippines set to be Asia’s fifth largest retail grocery market

(Source:  Inside Retail Philippines | August 10, 2017) The Philippines will soon be the Asia’s fifth largest retail grocery market, according to data released today. Speaking on the first day of NRCE, the 24th National Retail Conference in the Philippines, today, IGD Asia-Pacific program director Shirley Zhu said the market will grow by an average of 9.3 per cent year-on-year ...

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