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For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts.

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Aeon grew 4.6% in its overall business with FY ending February 2023, as its operating revenue reaches JPY9,117bn (US$68bn). It saw strong growth in its international business, with double digit growth in most markets through the lifting of pandemic restrictions, providing a strong platform for future growth expansion. Domestic dominates in revenue, overseas notable in profits Aeon achieved ...
Fresh from its first ever quarterly profit in Q3 2022, South Korean ecommerce giant Coupang achieved an unprecedented second consecutive quarterly profit in Q4 2022. Focus on efficiency and superior offerings As we had reported after Coupang’s first ever quarterly profit in Q3 2022, its success can be attributed to its efficiency drive and ability to stand out from competitors through its...
South Korean ecommerce giant Coupang turned a profit for the first time, which is notable in the ultra-competitive and cost-heavy ecommerce industry. It did so through providing shoppers with a superior product range and service, and incorporating technology to improve cost efficiency. Profitability for the first time Coupang announced a 10% revenue increase to US$5.1 bn in the quarter endi...


In this report we review Costco's grocery retail outlook and strategic priorities for the next five years, We use this to provide considerations and implications for suppliers.
A guide to South Korea’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.
We highlight five trends that we expect to shape Asia grocery retail market over the next 12 months and beyond.
Tech startup Cheeseade launches Price Lab, its first unmanned convenience store with hourly price changes in Seoul, South Korea.

Key Presentation

South Korea Country Presentation

A guide to South Korea’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.

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