Australia’s supermarket giants have signed up to a voluntary code of conduct to protect their smaller suppliers, but the federal government has warned them it will intervene if they fail to abide by it.
The battle of Thailand's hyper- and supermarkets has gone to the next level, with the major players moving to online shopping platforms.
Central Food Retail Co Ltd (CFR), the operator of Tops Supermarkets, on Tuesday officially kicked off its Tops Shop Online ahead of moves by arch rivals Big C Supercenter and Tesco Lotus to expand or introduce their own online services in the fourth quarter.
The increasing spending power of consumers in Asia has been a boon to many industries thanks to the economic recovery, including the major household appliances sector which has managed to bounce back from its weakened performance of last year.
Enthused by Tesco's plan to enter the Indian supermarket segment, the Indian government expects another European major to apply for the multi-brand retail sector.
"In multi-brand retail trading, the first (application) has come. There will be more and I think another European major will come," Commerce and Industry Minister Anand Sharma said in New Delhi. He, however, did not share the details of the possible applicant.
2013 has been another difﬁcult year for China's department store sector. Major department store operators witnessed a significant slowdown in sales last year, and growth should continue to slow over the coming year, a new report of the Fung Business Intelligence Centre predicts. The fierce competition from shopping malls, specialty stores and online retailers is key. At the same time, the concessionary model provided by many department store operators has led to poor differentiation in the market, making it harder for operators to compete with retailers in a variety of segments.
As crowd swarmed during the 2013 Information Technology Month exhibition over the weekend, major brands reported substantial increase in sales compared with a year ago.
The impending unveiling of a range of sparkling wines from the house of French champagne major Moet & Chandon later this week is adding fizz to the still nascent sparkling wine market in the country.
The company is hunting for the right location at the right price in major cities.
Consumer durables major LG Electronics India today said it will hike prices of its entire range of home appliances by up to five per cent due to weakening rupee with effect from 18 June.
Sales of major domestic appliances continued its robust growth in 2012, growing 13 percent over 2011.
In a survey conducted by GfK Asia, air-conditioners posted the highest volume growth at nearly 18 percent, with the Philippines and Vietnam even surpassing this with over 20 percent surge in demand.
Consumers in these two fast growing markets have also purchased better and higher end models.