Asia’s large format retailers — supermarkets and hypermarkets — are set to grow 3.3% a year to 2022, with firms in Vietnam, India and the Philippines forecast to see double-digit growth over the next five years.
Japan e-commerce giant Rakuten and retailer Seiyu GK, a Walmart subsidiary, have agreed on a joint venture to launch a new online grocery delivery service — Rakuten Seiyu Netsuper.
Walmart China will significantly increase its investment in food safety to more than RMB300m (US$48m) between 2013 and 2015. Previously, the retailer had announced investments of RMB100m for the same three years.
British supermarket chain Tesco and state-run China Resources Enterprise have quashed growing media speculation with the announcement of exclusive talks between the two majors to combine their Chinese retail operations and form what will become the biggest...
Two of Europe's major retail chains, Carrefour and Metro, have
announced plans to expand their operations in China, while a third,
Tesco, is still on the hunt for a partner to enable it to enter the
country's market.
Britain's biggest food retailer Tesco looks set to take a further
step towards its goal of competing with global giants such as
Carrefour and Wal-Mart with a move into the massive Chinese retail
market.
Britain's biggest food retailer Tesco looks set to take a further
step towards its goal of competing with global giants such as
Carrefour and Wal-Mart with a move into the massive Chinese retail
market.
