Tag Archives: Supermarket

Walmart reportedly set to sell Seiyu Japan business

Seiyu-Japan

(Source: Inside Retail Asia | July 13, 2018) American retail group Walmart is selling its Seiyu Japan supermarket chain. The Nikkei Business Daily reported that the firm is currently approaching potential buyers with a price tag that could reach 300 – 500 billion yen (US$2.7 – $4.5 billion). The move is being perceived as a potential outright withdrawal from Japan ...

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

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(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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Tetra Pak to develop paper drinks straws

Photo from: Change.org

(Source: Business Mirror | May 31, 2018) The world’s leading food processing and packaging solutions company, Tetra Pak, is set to launch a paper straw to help address the issue of plastic straw waste. Before the year ends, packaging solutions giant will launch paper straws suitable for its small carton packages. It is part of Tetra Pak’s goal to minimize ...

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Cosco allocates P5.5-billion for 2018 expenditures

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(Source: Manila Standard | May 17, 2018) Cosco Capital Inc., the retail holding company of billionaire Lucio Co, said it budgeted P5.55 billion for 2018 capital expenditures to expand its supermarket, real estate and specialty retail businesses. Cosco Capital said in a presentation during a recent investors briefing that it earmarked P3.65 billion for the store expansion of Puregold Price ...

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Puregold leaves Lawson store chain, sells out to partner

puregold

(Source: Manila Standard | April 27, 2018) Puregold Price Club Inc. of retail Lucio tycoon is exiting the convenience store business, with the sale of its entire 70-percent stake in Japanese retail chaon Lawson four years after venturing into the business. Puregold said in a disclosure to the stock exchange it accepted the offer of partner Lawson Japan to buy ...

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Sales of taxed sugary drinks dip further as consumers alter spending amid price hikes

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(Source: Nielsen Press Release | April 18, 2018) While sales of sugar-sweetened beverages have been weakening in the past years, the accelerated rate of decline in sales in February or a month after the implementation of excise taxes reflects consumers’ typical reaction after a price increase, according to performance management company, Nielsen. Nielsen  Retail Index data shows more pronounced sales ...

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Robinsons Retail income rose 13% last year on strong sales

robinsons ad

(Source: Business Mirror | March 26, 2018) Robinsons Retail Holdings Inc. (RRHI) said its core income rose 13 percent last year on stronger sales, despite the higher base due to the 2016 elections. RRHI, the retail arm of the Gokongwei family that’s also buying Rustan’s group’s grocery business, said its income hit P4.7 billion last year, from P4.1 billion in ...

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Rustan Supercenters begin building first Shopwise outlet in Batangas

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(Source: Business Mirror | February 20, 2018) Rustan Supercenters Inc. (RSI) officially broke ground on Tuesday for its first Shopwise outlet in Batangas as the retail chain sets its sights to expand further in Southern Luzon, particularly in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) area. “With the development of residential and commercial properties, plus the Grand Terminal, I ...

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Puregold to open 25 stores this year

puregold

(Source: Business World | January 2, 2018) Puregold Price Club, Inc. will continue the expansion of its supermarket business in 2018 as it plans to open 25 new stores. “We plan to roll out 25 new Puregold stores in 2018,” Puregold Vice-President for Investor Relations John Marson T. Hao said in an e-mail. This will be the same number of ...

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Most Filipino consumers still rely on traditional channels to obtain fast-moving goods

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(Source: Business Mirror | December 24, 2014) While major mall developers in the country are aggressively expanding to other retail formats, such as hyper and supermarkets, Filipino shoppers still turn to their trusted sari-sari, or neighborhood variety stores, and nearby market stalls, as they still consider traditional channels as the No. 1 shopping destination for fast-moving consumer goods (FMCG). Based ...

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