Retail News CRM

Author: Mei Ling Tan

  • Vietnam’s 2025 Fruit and Vegetable Exports to China Plummet by 15% – What’s Driving the Decline?

    Vietnam’s 2025 Fruit and Vegetable Exports to China Plummet by 15% – What’s Driving the Decline?

    In a notable rebound, Vietnam’s fruit and vegetable exports are starting to recover after an alarming decline earlier this year. Following stricter scrutiny by Chinese authorities regarding residues of banned substances, exports had plummeted by as much as 80%. However, recent figures show that for the year to date, Vietnamese exports in this sector have reached an impressive $4 billion. The U.S. has emerged as a significant player, importing $316 million worth of goods—a 66% increase that underscores the growing appetite for Vietnamese produce.

    Growth Across Markets

    Other international markets, including Japan, the Netherlands, Taiwan, and Australia, have also shown robust growth, with increases ranging from 13% to 40%. This surge in demand reflects a newfound appreciation for Vietnam’s fresh fruits and vegetables. Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, attributes this recovery to enhanced safety measures. The Ministry of Agriculture and Rural Development has introduced a comprehensive food safety control process specifically for fresh durian exports, ensuring quality from farm to table.

    A Golden Opportunity for Durian Exports

    If these new measures are effectively implemented, there could be a significant breakthrough for durian and other tropical fruit exports to China, a market loomed over by more than 1.4 billion consumers. However, it’s worth noting that Chinese consumers are shifting their preferences toward processed fruits and vegetables, seeking convenience in their busy lives. Nguyen emphasized this trend as a golden opportunity for Vietnamese businesses, highlighting the need to act swiftly to capture greater market share and stabilize production.

    The Push for Sustainable Supply Chains

    Given Vietnam’s substantial trade deficit with China, a strategy is key. Nguyen Thi Thu Thuy, deputy director of the Trade and Investment Promotion Center, suggested that aside from tropical fruits, Vietnamese businesses should also focus on diversifying their produce offerings. Passion fruit, coconut, bird’s nest, and citrus fruits could become vital components of Vietnam’s export strategy, especially with the establishment of more sustainable supply chains in the coming years.

    Questions & Answers

    How significant is the rise in Vietnamese fruit and vegetable exports?
    Vietnam’s total exports have soared to $4 billion this year, marking a substantial recovery from earlier declines.

    What measures are being taken to enhance export safety?
    The Ministry of Agriculture and Rural Development has implemented a food safety control process for fresh durian, ensuring quality from production to market.

    What other products should Vietnamese businesses focus on for future exports?
    In addition to tropical fruits, there is potential in exporting passion fruit, coconut, bird’s nest, and citrus fruits, as businesses are encouraged to establish sustainable supply chains.

  • Gold Prices Dip 1.8% This Week Amid Fluctuating Global Market Dynamics

    Gold Prices Dip 1.8% This Week Amid Fluctuating Global Market Dynamics

    Global gold prices are facing a decline this week as fresh inflation data has made investors rethink expectations for rate cuts, all while the market’s gaze shifts to the pivotal discussions between U.S. President Donald Trump and Russian President Vladimir Putin.

    As of Friday, spot gold remained relatively stable at $3,336.66 per ounce, marking a 1.8% decrease for the week. Meanwhile, U.S. gold futures ended nearly unchanged at $3,382.6.

    In Vietnam, the Saigon Jewelry Company (SJC) held steady with its gold bar price at VND124.5 million per tael and gold rings at VND119.1 million per tael. For context, a tael is equivalent to 37.5 grams or 1.2 ounces. Notably, gold prices in Vietnam have skyrocketed 48% since the beginning of the year, leaving consumers breathless.

    The U.S. dollar saw a slight retreat, making dollar-based commodities more attractive to those holding foreign currencies. However, on Thursday, new data revealed that U.S. producer prices rose steeply in July, their highest increase in three years. This prompted traders to reassess their expectations, now estimating an 89.1% chance of a 25-basis-point rate cut by the Federal Reserve in September, down from 95% prior to the announcement.

    Following this data release, gold prices took a hit, with spot gold closing 0.6% lower. “While gold prices stabilized on Friday, there’s still a potential storm brewing depending on the outcome of the Trump-Putin summit in Alaska,” remarked Lukman Otunuga, senior research analyst at FXTM.

    Trump labeled the meeting as “high-stakes,” as he heads to Alaska to negotiate a ceasefire deal concerning Ukraine, leaving many to wonder how such geopolitical maneuvers might sway gold’s next move. Will gold dazzle or doze off? Only time will tell.

    Questions & Answers

    What influenced the recent decline in gold prices?
    Recent inflation data has led investors to reconsider anticipated rate cuts from the Federal Reserve, contributing to a decline in gold prices.

    How significant has the increase in gold prices been in Vietnam this year?
    Gold prices in Vietnam have surged by a remarkable 48% since the start of the year, attracting considerable interest from consumers.

    What is the focus of the upcoming Trump-Putin summit?
    The summit is primarily centered around discussions of a ceasefire deal for Ukraine, which could have implications on market stability and gold prices.

  • Asahi Beverages Expands Product Line With Zesty Hard Rated Alcoholic Orange

    Asahi Beverages Expands Product Line With Zesty Hard Rated Alcoholic Orange

    Asahi Beverages, the multinational Japanese beverage company, is broadening its Hard Rated product range with the introduction of a fresh orange variant. This move aims to build on the achievements of its lemon variant, which was successfully launched in 2023.

    The New Orange Flavour

    The latest addition to the Hard Rated line boasts a distinct, low-bubble, sweet, and zesty orange profile. It maintains a 4.5 per cent alcohol by volume (ABV), and in keeping with the company’s commitment to quality and naturalness, this new variant contains no artificial colours or flavours.

    Sarah Wilcox, who heads the ready-to-drink (RTD) and cider divisions at Asahi Beverages, acknowledges the robust market demand for orange-flavoured alcoholic drinks. She also noted the undeniable growth in the RTD sector since the company first introduced Hard Rated in 2023.

    Wilcox added that the introduction of Hard Rated Alcoholic Orange seeks to sustain Hard Rated’s position as Australia’s top white spirit premix. It aspires to meet consumer demand for a tangy orange flavour that has not been readily available on the market.

    Distribution and Pricing

    The Hard Rated Alcoholic Orange is available through major alcohol retailers and venues across Australia. It comes in two variants – a four-pack priced at $30 and a 10-pack valued at $60.

    Questions & Answers

    What is the new addition to Asahi Beverages’ Hard Rated portfolio?
    The new addition is the Hard Rated Alcoholic Orange, which boasts a low-fizz, sweet, and zesty orange profile.

    What is the alcohol percentage of the new Hard Rated Alcoholic Orange?
    The Hard Rated Alcoholic Orange has an alcohol by volume (ABV) of 4.5 per cent.

    How much does the Hard Rated Alcoholic Orange cost?
    It is available in two variants – a four-pack priced at $30 and a 10-pack valued at $60.

  • Treasury Wine Estates Records Robust Financial Growth; Penfolds Brand Sales Surge 7.3%

    Treasury Wine Estates Records Robust Financial Growth; Penfolds Brand Sales Surge 7.3%

    Treasury Wine Estates (TWE) has seen a substantial growth pattern in its financial performance for the present fiscal year. The company’s net group sales have experienced a 7.2% increase, elevating the figure from $2.7 billion to $2.9 billion.

    Growth in Profit and Profit Margin

    The gross profit of the group has witnessed a 15% surge, amounting to $1.4 billion. This growth is mirrored in the company’s gross profit margin, which has moved up from 45.3% to 48.6% year-on-year.

    The firm’s Earnings Before Interest and Taxes (EBITS) has also seen a significant growth, marking a 17% increase to reach $770 million. The company’s net profit after tax followed suit, with an 8.1% increase, amounting to $450.7 million.

    Brand Performance

    The company’s renowned brand, Penfolds, has also reported a positive net sales revenue growth of 7.3%, reaching $1 billion. The brand’s EBITS has also risen, showing a 13.2% increase to reach $477 million.

    The Treasury Americas brand of the group has reported a notable 16.8% surge in its net sales revenue, bringing the total to $1.2 billion. This growth was accompanied by a 33.9% increase in its EBITS, reaching $308.6 million.

    However, TWE’s Treasury Premium Brands reported a decrease in its net sales revenue by 5.9% year-on-year, with the figure standing at $693.5 million. The brand’s EBITS also plummeted, reflecting a 27.6% drop to $55.1 million.

    CEO Statement

    Tim Ford, CEO of Treasury Wine Estates, expressed his satisfaction with the company’s fiscal performance. Despite facing challenges in several markets, the company remained committed to executing its business strategies, strengthening the company’s long-term growth.

    Ford attributed the company’s strong financial performance to Penfolds’ continued momentum and the successful integration of Daou Vineyards into their luxury portfolio. He also highlighted the company’s recent transition to a new luxury portfolio-led operating model that enhances strategic clarity and positions the firm well for the future.

    Questions & Answers

    What is the reported increase in Treasury Wine Estates’ group net sales?
    The group net sales have seen a 7.2% increase, moving from $2.7 billion to $2.9 billion for the current fiscal year.

    What has been the performance of Penfolds and Treasury Americas brands in terms of net sales revenue?
    Penfolds reported a 7.3% increase in net sales revenue to $1 billion, while Treasury Americas revealed a 16.8% rise, amounting to $1.2 billion.

    What measures has the company undertaken for long-term growth as per the CEO’s statement?
    The CEO revealed that the company has remained focused on executing its business plans, integrating Daou Vineyards into their luxury portfolio, and transitioning to a luxury portfolio-led operating model.

  • Lume Launches Innovative Odor-prevention Deodorants At Woolworths: A Comprehensive Line-up For Diverse Needs

    Lume Launches Innovative Odor-prevention Deodorants At Woolworths: A Comprehensive Line-up For Diverse Needs

    Lume, a prominent American deodorant brand, has recently introduced its comprehensive body deodorant line-up at Woolworths. The range includes two formulations, one in cream form and the other as a solid stick.

    Diversified Products for Varied Needs

    These new offerings from Lume, labeled as Invisible Cream and Smooth Solid Stick, have been specifically designed to cater to different parts of the body. The products are offered in three distinctive fragrances: Clean Tangerine, Lavender Sage, and Soft Powder.

    Discussing the science behind the new product line, Lume’s founder, Dr. Shannon Klingman, explained, “The primary cause of body odor is the bacteria present on the skin. These bacteria break down physical fluids like sweat and urine, leading to the release of foul odor. Lume’s products prevent this process by stopping bacteria from consuming these fluids on the skin, thereby preventing the odor from even originating.”

    Accessible and Affordable Products

    Lume’s extensive body deodorants are now conveniently available at Woolworths, both in physical stores and online. The recommended retail price (RRP) for the products is set at $25.

    In other related developments, Old Spice launched a Superman-themed personal care range last month.

    Questions & Answers

    What is the major cause of body odor?
    According to Dr. Shannon Klingman, Lume’s founder, the primary source of body odor is the bacteria present on the skin which digest bodily fluids like sweat and urine.

    What is the unique selling point of Lume’s new product range?
    Lume’s new products, Invisible Cream and Smooth Solid Stick, prevent body odor by stopping bacteria from consuming fluids on the skin, thus preventing the odor from even originating.

    Where are Lume’s new products available for purchase?
    Lume’s new comprehensive body deodorants are available for purchase at Woolworths, in physical stores as well as online.

  • My Food Bag Group Sees Profit Surge, Launches Innovative Non-subscription Platform Amid Continued Growth

    My Food Bag Group Sees Profit Surge, Launches Innovative Non-subscription Platform Amid Continued Growth

    My Food Bag Group, a prominent meal kit company, has experienced a favorable upward trend in growth during the second half of the fiscal year 2025 (FY25). This positive trajectory is reflected in the company’s increased profitability and the successful launch of its innovative non-subscription sales platform.

    For the financial year ending on March 31, the company reported a steady revenue of $162.1 million, mirroring the previous year’s figures. The second half of the financial year, however, saw a 5% growth in revenue compared to FY24, and an uptick of 1.9% from the first half of FY25.

    The company’s annual net profit surged by 5%, totaling $6.3 million. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also experienced a slight increase, reaching $16.1 million. Concurrently, the margins improved and the net debt plunged from $11.8 million to $6.9 million.

    Strategic Developments and Partnerships

    The company’s CEO, Mark Winter, expressed his optimism about the company’s efforts translating into sustained business performance and renewed growth.

    A primary strategic progression was the launch of My Food Bag Shop in November, an online platform offering one-time meals and gift boxes catering to non-subscribers.

    The company also enhanced its primary brands, namely My Food Bag, Fresh Start, and Bargain Box, by relaunching its Gluten-Free range and incorporating new specialized options. These new offerings include Low Carb, High Protein, and a Diabetes Plan, which was designed through a collaboration with Diabetes New Zealand.

    FY25 marked digital advancements, such as a revamped website and application to augment user experience. The company joined forces with the NZ Olympic Team and Auckland FC to enhance brand engagement.

    According to Winter, the enhanced user experience on the web and app facilitates an easier navigation for customers to find suitable meals. The partnerships with the NZ Olympic Team and Auckland FC have strengthened the company’s local foothold and boosted its relevance among New Zealanders.

    Future Focus

    The company reported a positive start to the early FY26 trading. Its focus remains on personalization, expanding its Bargain Box offering, and broadening the Shop platform to cater to cost-conscious and flexible consumers.

    Questions & Answers

    What was a significant strategic move by My Food Bag Group in FY25?
    In FY25, My Food Bag Group launched My Food Bag Shop, an online platform that provides one-time meals and gift boxes to non-subscribers.

    How did My Food Bag Group enhance its brand offerings?
    The company reintroduced its Gluten-Free range and added new specialized options including Low Carb, High Protein, and a Diabetes Plan, which was developed in collaboration with Diabetes New Zealand.

    What are the company’s plans for FY26?
    The company plans to focus on personalization, expand its Bargain Box offering, and broaden the Shop platform to meet the demands of cost-conscious and flexible consumers.

  • Cadbury Australia Recalls Marvellous Creations Candy Due To Plastic Contamination Risk

    Cadbury Australia Recalls Marvellous Creations Candy Due To Plastic Contamination Risk

    Cadbury Australia has recently announced a countrywide recall of a popular product, the Marvellous Creations Jelly Popping Candy Beanies. The recall is due to the discovery of plastic fragments within the treats.

    Product Details

    The products impacted by the recall are those with an expiration date of May 21, 2026. They have been distributed and sold across the country by various outlets, including Coles, Woolworths, Drakes, The Reject Shop, IGA, and several independent retailers.

    Consumer Warning

    Food safety bodies have cautioned against consuming products containing plastic, stating that they may lead to potential health risks such as illness or injury.

    Advice to Consumers

    Customers who have purchased the affected product are strongly advised not to consume it. They are encouraged to return the product to the store of purchase where they will receive a full refund.

    For those who have already consumed the product and are worried about their health, it is recommended to seek immediate medical advice.

    Questions & Answers

    What should I do if I have purchased the recalled product?
    You should not consume it. Instead, return it to the store from where it was purchased for a full refund.

    What if I have already consumed the product?
    If you have already consumed the product and are feeling unwell or concerned about your health, it is strongly recommended to seek immediate medical attention.

    Are other Cadbury products affected by this recall?
    No. This recall is specific to the Marvellous Creations Jelly Popping Candy Beanies with an expiration date of May 21, 2026. Other Cadbury products are not affected.

  • Singapore’s Food Tech Startup Prefer Expands To Australia Through Strategic Partnership With The Coffee Ferm

    Singapore’s Food Tech Startup Prefer Expands To Australia Through Strategic Partnership With The Coffee Ferm

    Prefer, a Singapore-based food tech startup, is extending its reach to Australia, following the establishment of its debut domestic business collaboration.

    Expansion Down Under

    In a strategic move to expand its footprint in Australia and New Zealand, Prefer has formed a partnership with local coffee producer, The Coffee Ferm. This new alliance will see The Coffee Ferm acquiring a license for Prefer’s flavor intellectual property, enabling the firm to escalate manufacturing and distribution within the local market.

    Innovative and Sustainable Flavors

    Established in 2022, Prefer is making a name for itself in the market with its inexpensive and eco-friendly flavors and ingredients. These flavors are created using a unique fermentation and roasting technique, utilizing byproducts from food manufacturing processes, such as rice and soy. The company claims that their products deliver the same taste and operational attributes of coffee and cocoa, but with significantly lesser environmental impact.

    Supplies

    Prefer supplies its innovative flavors and ingredients to an array of businesses, from Fast Moving Consumer Goods (FMCG) brands and food manufacturers, to private label retailers, and flavor houses.

    Bean-free Coffee and Other Partnerships

    The startup has recently brought its ‘bean-free’ coffee products to the market via foodservice channels, in collaboration with the Singaporean food enterprise, Melvados. Moreover, Prefer has formed an alliance with Ajinomoto Thailand to generate sustainable innovations in the country’s coffee beverage sector.

    Funding and Future Plans

    This expansion comes in the wake of Prefer securing a successful fundraising round, which exceeded expectations at US$4.2 million. The fundraising was jointly headed by At One Ventures and Chancery Hill Capital, with Forge Ventures also participating. The influx of funds will contribute to the company’s plans to enhance their pilot production facility in key markets using toll manufacturers, further their research and development on cocoa flavor creation, and extend their global partnerships, with a continued emphasis on Asia.

    Questions & Answers

    What is the core business of Prefer?
    Prefer is a food tech startup that creates affordable and sustainable flavors from food manufacturing byproducts like rice and soy.

    What is the significance of Prefer’s partnership with The Coffee Ferm?
    The partnership will enable Prefer to expand into the Australian and New Zealand markets by licensing its flavor intellectual property to The Coffee Ferm, thus facilitating local manufacturing and distribution.

    What are Prefer’s future plans following the recent fundraising?
    Prefer plans to scale its pilot production facility, continue research and development on cocoa flavor, and broaden its global partnerships with a continued focus on Asia.

  • Australian Food Industry Shows Resilience With Robust Growth Amid Global Challenges

    Australian Food Industry Shows Resilience With Robust Growth Amid Global Challenges

    The food and grocery manufacturing industry in Australia has demonstrated robust growth, further solidifying its significance as the country’s biggest manufacturing sector and a crucial provider of regional employment opportunities.

    The Australian Food and Grocery Council’s (AFGC) State of the Industry 2023-24 report reveals that the sector’s turnover has experienced a 5.3 per cent growth, equating to a total of $173 billion.

    Employment and Exports

    Employment in the industry has also seen an increase of 4.4 per cent, resulting in almost 300,000 people now being employed in the sector, with over a third of these individuals located in regional Australia.

    Exports within the industry recorded a 5.2 per cent growth, while imports declined by 3.3 per cent. Interestingly, the US has surpassed China as the leading export market for Australia.

    Colm Maguire, CEO of AFGC, expressed his optimism for the sector’s future, emphasizing its “enormous potential”. He highlighted the need for policy and strategic backing as key for continued growth.

    Maguire added, “With the proper policy framework and strategic support, the food and grocery manufacturing sector can further enhance Australia’s economy – fostering regional employment, reinforcing Australia’s standing as a strong manufacturing nation, and securing our food and grocery supply amidst an increasingly complicated global landscape.”

    Challenges and Future Perspectives

    Despite the encouraging figures, the report also drew attention to certain challenges faced by the sector. These include an 11 per cent decline in capital investment, which currently stands at $3.8 billion, and ongoing cost pressures.

    As the Albanese Government progresses with its “Future Made in Australia” agenda, the AFGC argues that the food and grocery manufacturing industry is in a strong position to take the lead. This is reflected in their proposed seven productivity pillars, which concentrate on reducing bureaucracy, building resilient supply chains, and ensuring access to affordable, reliable energy.

    Questions & Answers

    What growth has the Australian food and grocery manufacturing industry seen recently?
    The industry has seen a 5.3 per cent increase in turnover, equating to $173 billion. Employment in the sector has risen by 4.4 per cent, with nearly 300,000 people now employed.

    Who is now Australia’s top export market?
    The US has now overtaken China as Australia’s top export market.

    What challenges does the Australian food and grocery manufacturing industry face?
    The industry faces challenges such as an 11 per cent decrease in capital investment and ongoing cost pressures.

  • Chatime And Maybelline Unveil Mascara-inspired Beverage Line With Unique Promotional Prizes

    Chatime And Maybelline Unveil Mascara-inspired Beverage Line With Unique Promotional Prizes

    Chatime and Maybelline New York have come together to unveil a series of four beverages that draw inspiration from Maybelline’s latest addition to its product line, the Colossal Bubble Mascara. The mascara promises to offer a voluminous yet lightweight effect.

    The Limited-Edition Beverage Collection

    The unique, limited-edition drink line-up includes Bubbillicious Mango Fruity, Colossal Mango Passion Frozen, Maybe It’s Peach Fruity, and Maybelline Sugar Swirl. These beverages aim to offer a refreshing twist and a new dimension to the beverage experience for customers, reflecting the bold and innovative nature of the two brands.

    Rachel Druce, who is in charge of marketing at Chatime, has expressed that this partnership has opened up a novel dimension in the brand’s line of collaborations. According to her, this initiative blends the worlds of beauty and beverages in a manner that is unique, enjoyable, and perfectly in tune with Chatime’s brand identity.

    An Exciting Offer for Customers

    As part of the promotion, customers who purchase any of the Maybelline-themed bubble tea drinks will receive a ‘Scratch and Win’ card. This allows them the opportunity to win a variety of prizes, including over 3000 full-size mascaras and an array of Chemist Warehouse vouchers.

    Melanie Bower, the marketing director of Maybelline New York ANZ, has expressed that this collaboration perfectly complements the launch of their new mascara. Being the leading mascara brand in Australia, Maybelline New York is constantly seeking unique and exciting ways to engage with its consumers. According to Bower, the collaboration with Chatime perfectly encapsulates this ethos by celebrating bold lashes and bold flavours together.

    The promotion is set to run nationwide from August 12th to 25th across all Chatime outlets.

    Questions & Answers

    What is the nature of the collaboration between Chatime and Maybelline New York?

    The collaboration involves the launch of four limited-edition beverages inspired by Maybelline’s new Colossal Bubble Mascara.

    What benefits do customers get from this collaboration?

    Customers who purchase any of the Maybelline-themed bubble tea drinks will receive a ‘Scratch and Win’ card, providing them a chance to win a variety of prizes, including over 3000 full-size mascaras and Chemist Warehouse vouchers.

    How long is the promotion set to run?

    The promotion is scheduled to run from August 12th to 25th across all Chatime outlets nationwide.

  • Aldi Crowned Australia’s Top Supermarket For 13th Year In Canstar Survey

    Aldi Crowned Australia’s Top Supermarket For 13th Year In Canstar Survey

    In a recent survey conducted by Canstar, Aldi has emerged as Australia’s most popular supermarket for the thirteenth consecutive year. The supermarket chain outperformed its competitors, receiving the top rankings for providing excellent value for money, superior product quality, and outstanding service.

    Survey Rankings

    According to the rankings, Coles secured the second position, with IGA and Woolworths following closely. Aldi distinguished itself by receiving a perfect five-star rating in key categories, including value for money, freshness of fruits, vegetables and meats, quality of supermarket-owned branded products, as well as store and website layout and presentation.

    Canstar Blue spokesperson Eden Radford pointed out that customers prioritize low prices across all in-store products, not just those on special offers. Radford added that consumers are becoming more price-savvy, frequently checking unit prices and opting for in-season produce in order to maximize value.

    Comparison With Other Supermarkets

    Coles, however, fell short in terms of customer service and checkout experience, receiving only three stars in these categories. IGA, on the other hand, surpassed Aldi in terms of customer service and checkout experience. However, it could not match Aldi’s ratings in terms of value for money, freshness of produce, and product range.

    Woolworths managed to outshine all competitors in terms of product range, earning a five-star rating in this category. However, they lagged behind in customer service and checkout experience.

    Commenting on the results, Simon Padovani-Ginies, group director at Aldi Australia, stated that customers trust Aldi to consistently offer low prices and good value for their money. He went on to say that customers, both long-term loyalists and newcomers, continue to choose Aldi for their familiar staples as well as the unexpected but delightful finds in their aisles.

    Questions & Answers

    Which supermarket was ranked as Australia’s most popular by Canstar?
    Aldi was ranked as Australia’s most popular supermarket by Canstar.

    What factors led to Aldi’s high ratings?
    Aldi received high ratings due to its value for money, product quality, freshness of its fruits, vegetables and meats, and its store and website layout and presentation.

    How did Coles and Woolworths perform in the survey?
    Coles secured the second position overall, but fell short in terms of customer service and checkout experience. Woolworths outshone all competitors in terms of product range, but lagged behind in customer service and checkout experience.

  • Boots Thailand Expands With Mega Store In One Bangkok Mall, Reinforcing Wellness Commitment

    Boots Thailand Expands With Mega Store In One Bangkok Mall, Reinforcing Wellness Commitment

    Boots Thailand has recently unveiled one of its largest outlets yet located at the bustling One Bangkok mall. The aim is to expand its network further across the nation.

    Expansive Features and Focus on Wellness

    The newly opened concept store, situated on the B1 floor within The Storeys zone, is a haven for health and beauty enthusiasts. Equipped with a pharmacy, a dedicated vitamin section, derma skincare, beauty corners, and a range of exclusive brands, the store promises a comprehensive shopping experience.

    Boots Thailand’s impressive network currently includes over 260 stores throughout the country, offering a broad selection of health and beauty products to its visitors. The company’s core mission is to cater to the wellness needs of the community, and it consistently strives to keep its customers at the forefront of its services.

    Unrivalled Customer Care and Unique Products

    A spokesperson for Boots Retail Thailand confirmed the company’s commitment to providing the finest customer and patient care. They highlighted Boots as the top choice for pharmacy and healthcare needs and stated that they offer innovative products exclusively.

    Boots was established in 1849 in the UK, starting as a pharmacy-led health and beauty retailer. Now, it is part of the esteemed global enterprise Walgreens Boots Alliance. In July, the Alliance made a definitive agreement to transition into a private entity, facilitated by Sycamore Partners. Apart from the UK, Boots currently operates stores in numerous markets, such as Ireland, Norway, the Middle East, and Indonesia.

    Questions & Answers

    Q: What does the new Boots Thailand store offer?
    A: The new store is equipped with a pharmacy, vitamin section, derma skincare, beauty corners, and showcases recent and exclusive brands.

    Q: What is the primary aim of Boots Thailand?
    A: Boots Thailand aims to cater to everyone’s wellness needs, with a strong emphasis on customer-centric services.

    Q: Who is the parent company of Boots Retail?
    A: Boots Retail is a part of the global enterprise Walgreens Boots Alliance.

  • Samsonite’s First-half Revenue Declines Amid Reduced Travel Demand In Key Markets

    Samsonite’s First-half Revenue Declines Amid Reduced Travel Demand In Key Markets

    In the first half of the fiscal year 2025, the globally renowned luggage behemoth, Samsonite Group, saw a decrease in net sales and profits. This decline was attributed to a reduced demand for travel within their most significant markets.

    Financial Details

    The firm announced an adjusted net income of US$123.4 million, reflecting a drop of 29.1 per cent from the corresponding period the previous year. Net sales for the period ending 30th June saw a decrease of 6 per cent year-over-year, amounting to US$1.66 billion on a constant currency basis. The decrease was most prominent in the Asian and North American markets.

    The CEO of Samsonite Group, Kyle Gendreau, commented on the situation. He expressed the belief that while consumers continue to value travel and experiences, there was a noticeable drop in travel demand in the first half of 2025. Gendreau attributed this to factors such as macroeconomic uncertainties, changing trade policies, and weakening consumer sentiment. He also forecasted that these trends would likely persist in the second half of the year, negatively impacting the short-term demand. Despite this, he maintained confidence in the long-term demand for travel aiding the business.

    Performance by Region and Brand

    The company’s flagship brand, Samsonite, saw a sales drop of 4.7 per cent. Even though there was robust growth in Europe (+0.6 per cent) and Latin America (+0.2 per cent), there was a visible weakness in Asia (-8.8 per cent) and North America (-5.7 per cent).

    In contrast, the Group’s premium brand, Tumi, demonstrated resilience with a minor sales decrease of 2.5 per cent overall. This was propelled by strong double-digit growth in Latin America (+18.6 per cent) and Europe (+6.2 per cent). However, it also witnessed sales decline in North America (-4.7 per cent) and Asia (-2.5 per cent).

    The value-oriented American Tourister brand encountered a sharper sales decline of 12.7 per cent, especially in North America and Asia. This happened despite a moderate increase in Europe.

    Non-Travel Category and Market Expansion

    Even with the downward trend, the company noted a steady performance in non-travel categories such as backpacks and accessories, which experienced a modest growth of 0.1 per cent. These sectors made up 36.2 per cent of total sales, led by a significant 14.7 per cent increase in Gregory.

    In a bid for market expansion, Samsonite opened 21 new company-operated retail stores in the first half of the year, and continued to invest in product innovation.

    In conclusion, Samsonite Group continues to concentrate on brand elevation and geographical growth, while also considering a potential US listing, dependent on market conditions.

    Questions & Answers

    What are the main factors contributing to Samsonite Group’s sales decline?
    The primary factors are macroeconomic uncertainties, shifting trade policies, and weakening consumer sentiment.

    How has their premium brand, Tumi, performed in comparison to the flagship Samsonite brand?
    Tumi has shown resilience with a smaller overall sales decline, driven by strong growth in Latin America and Europe.

    How have non-travel categories performed?
    Non-travel categories such as backpacks and accessories have shown steady performance, with a slight growth of 0.1 per cent, accounting for 36.2 per cent of total sales.

  • Jollibee Foods Reports 5.6% Rise In Q2 Net Income, Fueled By Overseas Growth And Record Sales

    Jollibee Foods Reports 5.6% Rise In Q2 Net Income, Fueled By Overseas Growth And Record Sales

    Jollibee Foods Corporation (JFC), a leading global fast-food company, has reported a 5.6% year-on-year rise in the second quarter’s attributable net income, reaching $57.78 million. This increase was primarily fueled by robust gains from the firm’s overseas operations and record-breaking system-wide sales (SWS).

    Expansion of Global Store Network

    By the end of June, JFC’s global store network had grown by 45.5% compared to the previous year, sporting a total of 10,119 outlets. This figure includes 6,695 international branches spread across China, North America, EMEA, and other key markets in Asia.

    Record Sales and Revenue

    The SWS for the quarter saw a 19.6% increase, reaching $2.06 billion. This was backed by a rise of 32.6% in the company’s international business. The coffee and tea segment emerged as the top performer, registering a staggering 68.6% growth, largely due to the impact of the South Korean brand, Compose Coffee.

    JFC also saw its revenue jump by 15.5% to $1.4 billion. Operating income followed suit, recording a 19.1% rise to $108.72 million. The group’s same-store sales growth registered a respectable 5.5%, with the Philippine business growing by 6.4% and the international business by 4.1%.

    Successful Business Momentum

    JFC’s CEO, Ernesto Tanmantiong, linked these robust results to the company’s ongoing business momentum and improved operational execution. He highlighted the growth in operating income as a testament to the strength of their coffee and tea segment as well as the consistent contributions from their Philippine business and Jollibee International. Tanmantiong also emphasized the effectiveness of their multi-brand and multi-market strategy in driving the company’s success.

    First Half Performance

    For the first half of the year, the attributable net income showed a 0.7% slip to $101.16 million from $101.88 million the previous year. However, SWS experienced a 19.2% growth to $3.92 billion, and the revenue rose by 15% to $2.66 billion. Correspondingly, the operating income increased by 18.4% to $195.3 million.

    Future Investment Strategy

    Richard Shin, the company’s Chief Financial and Risk Officer, explained their capital would be “selectively deployed” in support of growth in the Philippines, Jollibee International, and the coffee and tea segment. He noted early recovery signs in China and a clear turnaround path for Smashburger in the U.S. Compose Coffee is also expected to surpass 3000 stores, with an anticipated 36% return on invested capital this year.

    Questions & Answers

    What contributed to JFC’s growth in the second quarter?
    The growth was primarily driven by robust gains from their overseas operations and record-breaking system-wide sales.

    Which segment emerged as the top performer for JFC?
    The coffee and tea segment emerged as the top performer, registering a 68.6% growth.

    What are JFC’s future investment strategies?
    JFC plans to selectively deploy capital to support growth in the Philippines, Jollibee International, and the coffee and tea segment. They also anticipate growth in China and the U.S. through brands like Smashburger and Compose Coffee.

  • Asics Raises Annual Forecast Following Impressive Half-year Performance Across All Product Lines

    Asics Raises Annual Forecast Following Impressive Half-year Performance Across All Product Lines

    Leading sportswear brand Asics has adjusted its annual forecast upwards, following an impressive performance in the first half of the year. The company’s exceptional sales growth was seen across all product categories and global regions.

    Asics witnessed a robust 17.7% year-over-year increase in net sales, amounting to $2.74 billion. The operating profit also experienced a significant rise, reaching $551.48 million, with the profit ascribed to owners standing at $364.48 million.

    Segment-Wise Growth

    The company’s performance running segment reported an 8.2% rise in sales, equal to $1.26 billion, with profit experiencing a 13.3% boost. Core performance sports also showed a positive trend, increasing 4.8% to reach $300.02 million, while its profit rose 16.5%.

    Asics’ apparel and equipment segment experienced a 6.9% sales increase, hitting the $136 million mark, while recording a remarkable 45.1% profit surge.

    In terms of lifestyle-oriented segments, SportStyle demonstrated significant growth, with sales skyrocketing by 46.4% to reach $457.71 million, and profit rising by 60.9%. Similarly, the Onitsuka Tiger brand experienced a 50.1% sales increase, reaching $447.98 million, with profit rising by 54.5%.

    Regional Sales Growth

    Asics experienced growth in all its regional markets. Japan’s sales increased by 24.3%, reaching $674.97 million, while North America saw a 9.1% rise, amounting to $502.59 million. Europe’s sales growth stood at 24.2%, reaching $773.64 million, while Greater China reported a 16.9% increase, amounting to $421.76 million.

    In addition to these, substantial gains were reported from Southeast and South Asia, with a growth rate of 33.4%, and Oceania, which increased by 3.8%.

    Leadership Commentary

    Koichiro Kodama, who serves as the President and CEO of Asics North America, expressed confidence in the company’s global performance. He underlined the steady demand for Asics products across various regions as an indicator of the brand’s strong market presence.

    Kodama emphasized the company’s unceasing efforts to develop technologically advanced performance running products. At the same time, he stressed the importance of staying informed about broader cultural and lifestyle trends to support the sportstyle category.

    Questions & Answers

    What were the net sales of Asics for the first half of the year?
    Asics reported net sales of $2.74 billion for the first half of the year.

    Which product segment reported the highest sales growth?
    The SportStyle segment reported the highest sales growth, with a surge of 46.4%.

    Which regions experienced the most significant sales growth?
    Europe and Japan were the regions with the most significant sales growth, reporting increases of 24.2% and 24.3% respectively.