Retail Asia

India’s Big Bazaar maintains lead with boost from young shoppers, online investments 
GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
Coupang profit soars 42% YoY in Q1 2022
Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
Shakey’s PIZZA more than doubles net income to P76m in Q1 
This was driven in part by a strong resurgence of dine-in sales.
Carousell to acquire Singapore’s Refash
The acquisition will simplify the selling process for time-starved users.
Adidas, Foot Locker enter strategic partnership
They target retail sales to exceed $2b by 2025 under the partnership.
Central Retail Corporation net profit soars 189% YoY in Q1 2022
Its sales exceeded targets and were up by 16%.
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
MPPA sales grow 9.2% amidst social restrictions and scarcity of cooking oil
PT Matahari Putra Prima Tbk. (MPPA) recorded total sales of IDR1.69t ($112.41m) in the first quarter of 2022.
Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia
Around 500 Subway stores will be opened under the master franchise agreement.
LVMH’s Celine launches flagship store on JD
The luxury fashion brand is showcasing its 520 capsule handbag series on the store.
Nike’s Singapore and Malaysia outlets now owned by GMG
The new operator has expressed plans to expand their footprint in Asia.
Reliance picked as official retailer of Tod’s S.p.A.
The company will be a franchisee of the shoemaker brand across all categories.
7-Eleven Hong Kong launches bags with Peanuts characters
The bag was designed by Japanese denim label FDMTL.
Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits
And Indian grocery startup Zepto raises $200m in fresh funding.
Philippines’ SMFB income inches up by 1%YoY in Q1 2022
Its revenue rose 9% YoY due to volume growth and better pricing.

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Exclusives

Exclusives

Stores Comfortable office furniture doesn’t have to cost ‘silly money’: ErgoTune and EverDesk+
The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively. 
Stores Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.
E-commerce Meeting halfway: Daraz juggles assortment and delivery speed
It won’t dive into quick commerce at the expense of its merchandise mix, says Daraz CEO.
E-commerce From the farm to your cart: This e-grocer delivers fresh produce
HappyFresh relies on its 6-year customer behaviour database in determining product offerings.
Stores From brewing beans to kneading doughs: Figaro Coffee Group finds niche in pizza delivery services
Angel’s Pizza propelled the food conglomerate’s growth in the Philippines.
Stores Retail ‘war’ starts even before shoppers enter the store: Alfamart
At the front line is Alfamart's CRM platform that analyses consumer shopping behaviour.
Retail Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.

Top News

India’s Big Bazaar maintains lead with boost from young shoppers, online investments 
GlobalData reported that 59% of Indian consumers shop at Big Bazaar.
Coupang profit soars 42% YoY in Q1 2022
Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
Shakey’s PIZZA more than doubles net income to P76m in Q1 
This was driven in part by a strong resurgence of dine-in sales.
Carousell to acquire Singapore’s Refash
The acquisition will simplify the selling process for time-starved users.
Adidas, Foot Locker enter strategic partnership
They target retail sales to exceed $2b by 2025 under the partnership.
Central Retail Corporation net profit soars 189% YoY in Q1 2022
Its sales exceeded targets and were up by 16%.
JFC net income skyrockets to $43.9m in Q1 2022
The increase from $2.9m in Q1 2021 is backed by property transfer and sales.
MPPA sales grow 9.2% amidst social restrictions and scarcity of cooking oil
PT Matahari Putra Prima Tbk. (MPPA) recorded total sales of IDR1.69t ($112.41m) in the first quarter of 2022.
Subway, Pegacorn ink agreement for expansion in Peninsular Malaysia
Around 500 Subway stores will be opened under the master franchise agreement.
LVMH’s Celine launches flagship store on JD
The luxury fashion brand is showcasing its 520 capsule handbag series on the store.
Nike’s Singapore and Malaysia outlets now owned by GMG
The new operator has expressed plans to expand their footprint in Asia.
Reliance picked as official retailer of Tod’s S.p.A.
The company will be a franchisee of the shoemaker brand across all categories.
7-Eleven Hong Kong launches bags with Peanuts characters
The bag was designed by Japanese denim label FDMTL.
Weekly News Wrap: Thai army boycotts Lazada; Tax, input costs hit Reliance’s profits
And Indian grocery startup Zepto raises $200m in fresh funding.
Philippines’ SMFB income inches up by 1%YoY in Q1 2022
Its revenue rose 9% YoY due to volume growth and better pricing.

Exclusives

Stores Comfortable office furniture doesn’t have to cost ‘silly money’: ErgoTune and EverDesk+
The Singapore brands brought ergonomic chairs and desks to overseas markets with prices starting at $399 and $599, respectively. 
Stores Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.
E-commerce Meeting halfway: Daraz juggles assortment and delivery speed
It won’t dive into quick commerce at the expense of its merchandise mix, says Daraz CEO.
E-commerce From the farm to your cart: This e-grocer delivers fresh produce
HappyFresh relies on its 6-year customer behaviour database in determining product offerings.
Stores From brewing beans to kneading doughs: Figaro Coffee Group finds niche in pizza delivery services
Angel’s Pizza propelled the food conglomerate’s growth in the Philippines.
Stores Retail ‘war’ starts even before shoppers enter the store: Alfamart
At the front line is Alfamart's CRM platform that analyses consumer shopping behaviour.
Retail Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.

Join the Retail Asia community