Singapore news

Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...

The Singaporean grocery retailer unveils plans for its 'food for life tv' television channel. Inspiring shoppers with a love of food and cooking FairPrice has partnered with Brand New Media to launch its new free TV channel, 'food for life tv'. It will be compatible to view on computers, tablets and smartphones. The channel's content will have local and international flavours with fea...

Leading Singaporean retailer NTUC FairPrice is building its eco credentials in collaboration with the Green Mark Portfolio Programme. Collaborative partnership to achieve sustainability in Singapore Singapore's Building and Construction Authority has launched a new national  initiative, creating collaborative partnerships to boost sustainability in the  country. The Green Mark Portfolio Pro...

Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...

Singapore's leading grocery retailer NTUC FairPrice has introduced Visa payWave to 116 of its supermarket outlets. Singapore's shoppers converting to cashless payments Following a successful trial of contactless payment in February 2013,  FairPrice embarked on a programme to extend the service to its wider store network. Retailers in Singapore are rapidly installing contactless payme...

Two Asian grocery co-operatives Saigon.Co-op and NTUC FairPrice have formed a joint venture to operate hypermarkets in Vietnam. Leading retailers Singaporean retailer NTUC FairPrice has formed a joint venture with the leading domestic retailer in the Vietnamese market, Saigon Co-op, to realise the opportunities in the hypermarket format. The partnership was confirmed in a ceremony earlie...

What conditions make Asian markets so receptive to the online/offline model? Looking at how this trend has progressed, we focus on some key examples to sketch the shape that online/offline developments might take in the future. QR code walls – media stunt or innovative solution for busy shoppers? In 2011 Tesco launched the world’s first virtual store – a QR code shopping wall in a subw...

In a speech to the World Retail Congress in Singapore, Tesco CEO Philip Clarke has outlined how the industry needs to 're-tool' for the 21st century to adapt to fundamental changes in the way people shop. Building on last year's Congress, when he discussed how shopping behaviour is changing, the Tesco CEO highlighted three areas where he believes the industry needs to make profound changes...

Following the addition of nearly 5,000 new stores in 2012, 7-Eleven's global network is set to reach 50,000 stores by the end of the first quarter. A leading global convenience network The overseas convenience operations of Japan's Seven & I Holdings are managed by subsidiary 7-Eleven Inc., based in Texas, US. A network of licensed, franchised and self-operated stores covers sixteen mar...

At IGD we keep a close eye on innovation and developments in our  industry.  Here are our latest top picks from around the world.  McCain multi-sensory bus stop ads When McCain launched its new Ready Baked Jackets, it created 3D bus stop adverts containing heating elements. As people activated them, they released  the smell of slow-baked jacket potatoes. The posters were located at bus  shel...