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2017 Food Retail Sectoral Report Retail Foods Philippines
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report Number: 1724 Philippines Retail Foods 2017 Food Retail Sectoral Report Approved By: Ralph Bean Prepared By: Joycelyn Claridades-Rubio Report Highlights: The growing expansion and increase in sales of food retailers in the Philippines creates opportunities for more exports of U.S. high-value, consumer-oriented food and beverage products. Driven by a growing population, strong domestic consumption, and a buoyant economy, the food retail sector reached a growth of $45.3B in sales in 2016, a 4% increase from $43.5 in 2015. Post: Manila General Information: I. Overview of the Philippine Market The Philippines is the largest market in Southeast Asia for U.S. consumer-oriented food and beverage (f&b) products and one of the fastest growing markets in the world, importing $923.4 billion in U.S. f&b products in 2016. A mature market with growing demand for consumer-oriented products, the United States remains the Philippines’ largest supplier for food, beverage and ingredient products. Ranked as the 11th largest export market for U.S. high-value, consumer-oriented products, the Philippines imported $716.1 million from January through September 2017. Based on the chart below, the United States remains the largest supplier with fifteen percent (15%) market share, followed by China (9%), Indonesia and New Zealand (10%), and Thailand (8%). Total imports of consumer-oriented food grew annually by an average of 10%. Chart 1 – Market Share of Consumer-Oriented Products in the Philippines Per Country The Philippines has a strong preference for U.S. -
151016 CB China Power of Retailing 2015 CN.Docx
China Power of Retailing 2015 China Power of Retailing 2015 1 Foreword 2015 has witnessed the recovery of a global economy and the gradual stabilization of a real economy in China. While the Eurozone economy continues to improve, the differentiation among its economies remains noticeable. “Abeconomics” throws Japan into deep recession. The United States of America, as the only exception, enters the trajectory of a strong recovery and the US dollar has appreciated sharply against other major world currencies. Its well-anticipated rise in interest rate in the fourth quarter forebodes an accelerated devaluation of currencies in most emerging economies. As a result, the pressure on devaluating RMB is mounting. With a slowed growth rate, the Chinese economy has arrived at the stage of new normal. The YoY growth for the first half of the year lingers around 7%, hindered by the deceleration of the three engines that used to propel GDP growth – a sluggish export, a slow growth in investment and a domestic consumption that continues to fall behind expectation. Although the growth rate of the total retail of consumer goods has dropped, it has far outpaced the domestic industrial growth. With the consumer confidence seeing constant improvement that will further free up consumption potential, consumption is expected to continue pulling the economy in the future. A continued fall in oil prices has offset the inflationary pressure, curbing the inflation at a lower level to make room for executing a lax monetary policy. To further boost investment and consumption, and reduce enterprise financing costs, the government has gradually redirected its macro economy from “stabilize growth and adjust structure” to “ensure growth,” making the lowering of interest rate and reserve ratio possible in the second half of the year. -
Hang Seng Enjoy Card Designated Merchants Enjoy Card Designated Merchants Include
Hang Seng enJoy Card Designated Merchants enJoy Card Designated Merchants include: 7-Eleven Market Place by Jasons IKEA Oliver’s The Delicatessen Mannings "Wellcome Delivers" Newly Mannings Plus Market Place by Jasons e-supermarket Joined Newly Mannings Baby Joined Arome Bakery GNC Genki Sushi Maxim’s Group(1) sen-ryo Pizza Hut DONDONYA (Honten) Wellcome DONDONYA Shokudo ThreeSixty The Excelsior, Hong Kong(2) (1) Designated outlets of Maxim’s Group include: • Maxim's Chinese Cuisine •m.a.x. concepts Maxim's Palace Pearl on the Peak Maxim's Chinese Restaurants Lawry's The Prime Rib Maxim's Chinese Restaurant (Chek Lap Kok) Café Landmark Serenade Chinese Restaurant Kiku 8 Happiness Miso Jade Garden rice paper The Square Thai Basil Shanghai Jade City Hall Maxim's Café Jasmine Place Café Muse Hoi Yat Heen EXP Jasmine Garden deck n beer Jasmine simplylife BREAD AND WINE* House of Jasmine simplylife BAKERY CAFÉ* Xi Yue simplylife THE EAST THE WEST* Chiuchow Garden Restaurants • Maxim's MX China Fragrance • Maxim's Cakes Chiuchow Garden •can.teen Peking Garden Restaurant • Maxim's Food2 House of Beijing Oriental Lily Shanghai Garden Festive China * Not valid for purchase from the semi-self service area. (2) Restaurants of The Excelsior, Hong Kong include: Yee Tung Heen, Cammino, Café on the 1st, Dickens Bar, ToTT's and Roof Terrace and EXpresso Notes: – “Maxim's” and any name, logo or trademark of Maxim's restaurants referred to herein belong to Maxim's Caterers Limited, a company operating in Hong Kong. – The list of enJoy Card Designated Merchants is subject to change from time to time without prior notice. -
RSCI Pioneered the Hypermarket Concept in the Philippines Through Shopwise
Rustan Supercenters, Inc. (RSCI), a member of the Rustan Group of Companies, was founded in 1998 at the height of the Asian Economic Crisis. It was the first Rustan Company to take in outside investors. It was also the Rustan Group’s first major foray into the discount retailing segment through an adapted European style hypermarket. RSCI pioneered the hypermarket concept in the Philippines through Shopwise. Armed with the vision of providing Quality for All, the Company sought to make the renowned Rustan’s quality accessible to all, especially the middle and working class. Its mission is to create a chain of supercenters or hypermarkets which is the needs of the Filipino family. Rustan’s decision to diversify into hypermarkets was borne out of manifest opportunities brought about by fundamental changes that are taking place in the Philippine market: a burgeoning middle class; increasing value consciousness across various income levels; and new geographical market opportunities that are best served through discount retailing operations. RSCI developed and opened the first hypermarket in the country in November 29, 1998 in Alabang. From 40 employees, it now employs more than 6,000 employees The Company has attained much success since its inception. From 40 employees, it now employs more than 6,000 employees. From sales of zero, the Company registered sales of over P17B in fiscal year 2012-2013. From one hypermarket in Filinvest Alabang, it has now grown to 46 stores covering multiple retail formats, namely, hypermarkets, upscale supermarkets, and neighborhood grocery stores. November 2006 marked yet another milestone for RSCI when it has acquired the 21 Rustan’s stores and food services operations under an Asset Lease Agreement. -
Annual Report 2019 Our Goal: “ to Give Our Customers Across Asia a Store They TRUST, Delivering QUALITY, SERVICE and VALUE.”
Annual Report 2019 Our Goal: “ To give our customers across Asia a store they TRUST, delivering QUALITY, SERVICE and VALUE.” Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by Dairy Farm Management Services Limited through its regional offices. Dairy Farm is a member of the Jardine Matheson Group. A member of the Jardine Matheson Group Annual Report 2019 1 Contents 2 Corporate Information 36 Financial Review 3 Dairy Farm At-a-Glance 39 Directors’ Profiles 4 Highlights 41 Our Leadership 6 Chairman’s Statement 44 Financial Statements 10 Group Chief Executive’s Review 116 Independent Auditors’ Report 14 Sustainable Transformation at Dairy Farm 124 Five Year Summary 18 Business Review 125 Responsibility Statement 18 Food 126 Corporate Governance 22 Health and Beauty 133 Principal Risks and Uncertainties 26 Home Furnishings 135 Shareholder Information 30 Restaurants 136 Retail Outlets Summary 34 Other Associates 137 Management and Offices 2 Dairy Farm International Holdings Limited Corporate Information Directors Dairy Farm Management Services Limited Ben Keswick Chairman and Managing Director Ian McLeod Directors Group Chief Executive Ben Keswick Clem Constantine Chairman (joined the Board on 11th November 2019) Ian McLeod Neil Galloway Group Chief Executive (stepped down on 31st March 2019) Clem Constantine Mark Greenberg Chief Financial Officer (joined the board on 19th November 2019) George J. Ho Neil Galloway Adam Keswick Group Finance & IKEA Director (stepped down on 31st March 2019) Simon Keswick (stepped down on 1st January 2020) Choo Peng Chee Chief Executive Officer – North Asia Michael Kok & Group Convenience (stepped down on 8th May 2019) Sam Kim Dr Delman Lee Chief Executive Officer – Health & Beauty and Chief Marketing & Business Development Officer Anthony Nightingale Martin Lindström Y.K. -
Global Powers of Retailing 2019 Contents
Global Powers of Retailing 2019 Contents Top 250 quick statistics 4 Global economic outlook 5 Top 10 highlights 8 Global Powers of Retailing Top 250 11 Geographic analysis 19 Product sector analysis 23 New entrants 27 Fastest 50 30 Study methodology and data sources 35 Endnotes 39 Contacts 41 Welcome to the 22nd edition of Global Powers of Retailing. The report identifies the 250 largest retailers around the world based on publicly available data for FY2017 (fiscal years ended through June 2018), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook, looks at the 50 fastest-growing retailers, and highlights new entrants to the Top 250. Top 250 quick statistics, FY2017 Minimum retail US$4.53 US$18.1 revenue required to be trillion billion among Top 250 Aggregate Average size US$3.7 retail revenue of Top 250 of Top 250 (retail revenue) billion 5-year retail Composite 5.7% revenue growth net profit margin 5.0% Composite (CAGR from Composite year-over-year retail FY2012-201 2.3% return on assets revenue growth 3.3% Top 250 retailers with foreign 23.6% 10 operations Share of Top 250 Average number aggregate retail revenue of countries where 65.6% from foreign companies have operations retail operations Source: Deloitte Touche Tohmatsu Limited. Global Powers of Retailing 2019. Analysis of financial performance and operations for fiscal years ended through June 2018 using company annual reports, Supermarket News, Forbes America’s largest private companies and other sources. 4 Global economic outlook 5 Global Powers of Retailing 2019 | Global economic outlook The global economy is currently at a turning point. -
GFSI : Overview and GFSI : Overview and Comparaison of Comparaison Of
GFSI : Overview and comparaison of schemes CMC May 5, 2011 GFSI Background In 2000….. ¾ FdFood saftfetycrises ¾ Profileration of individual retailer schemes ¾ Burden to suppliers and producers due to frequent audits ¾ Lack of efficiency and high costs in the food supply chain Global Food Safety Initiative ¾ GFSI lhdlaunched at the CIES AlAnnual Congress in 2000, following a directive from the food business CEOs. ¾ Food Safety was then, and is still, top of mind with consumers. Consumer trust needs to be strengthened and maintained, while making the suppl y chain safer. ¾ Managed by The Consumer Goods Forum GFSI managed by The Consumer Goods Forum ¾ An independent global parity‐based Consumer Goods network ¾ Over 650 Members ¾ Representing 70 countries ¾ Over 3 continents Paris, HQ Washington D.C. Tokyo €2.1 trillion THE CONSUMER GOODS FORUM BOARD OF DIRECTORS MANUFACTURER RETAILER COLLEGE COLLEGE 25 25 CEOsCOs CEOsCOs Retailer College Manufacturer College « Safe Food for Consumers Everywhere » GFSI Mission Driving continuous improvement in food safety to strengthen consumer confidence worldwide GFSI Objectives Reduce food safety risks Manage cost GFSI Develop competencies Knowledge exchange and capacity building and networking How does GFSI work? ¾ Benchmarks existing food safety schemes, including pre‐farm gate schemes against the GFSI Guidance Document. ¾ Determines whether a scheme is equivalent to the Guidance Document requirements. ¾ Helps and encourages food safety stakeholders to share knowledge and strategy for food safety and to develop best food safety practice in a common global framework. What GFSI Does NOT Do ¾ Make policy for retailers or manufacturers ¾ Make policy for standard owners ¾ Undertake any accreditation or certification activities ¾ Have involvement with an area outside the scope of food safety i.e. -
RISKS of SOURCING SEAFOOD in HONG KONG SUPERMARKETS 2019 Every Retailer in the City Must Take a Lead to Help Transform Hong Kong Into Asia’S Most Sustainable City
RISKS OF SOURCING SEAFOOD IN HONG KONG SUPERMARKETS 2019 Every retailer in the city must take a lead to help transform Hong Kong into Asia’s most sustainable city The United Nations’ recent global assessment on biodiversity and ecosystem services sounded a warning that around one million species already face extinction, many within decades, unless action is taken to reduce the intensity of drivers of biodiversity loss. More than a third of all marine mammals are currently threatened. Without proper management of fishing practices and transparent seafood supply chains, there will be degradation of natural habitats and a drop in food security levels in seafood. Ultimately, it will affect the profitability of all businesses that rely on seafood. Hong Kong is the second largest per capita consumer of seafood in Asia. We import over 90% of our seafood from over 170 countries and territories around the world. Our seafood choices affect marine fisheries resources worldwide. As Hong Kong supermarkets play an increasingly important role in supplying seafood to consumers, they can also be crucial in making sustainable seafood more publicly accessible. In October 2016, WWF-Hong Kong published the first report detailing how local supermarket giants were selling globally threatened species and seafood products associated with environmental, social and legal problems. By documenting their existing practices and educating supermarkets about the impacts of their seafood sales on marine resources and our oceans, we sought to raise public awareness and collectively encourage them to set up a comprehensive sustainable seafood procurement policy. There are 29 chain supermarket brands in Hong Kong owned by a total of nine groups or companies comprising over 70% market share in the city’s food retail sector. -
Global Powers of Retailing Top 250, FY2015
Global Powers of Retailing 2017 | Top 250 Global Powers of Retailing Top 250, FY2015 FY2015 FY2015 Parent Parent FY2010- FY2015 FY2015 company/ company/ # 2015 Retail Retail group group Countries Retail revenue Country revenue revenue¹ net income¹ of revenue rank Company of origin (US$M) (US$M) (US$M) Dominant operational format operation CAGR² 1 Wal-Mart Stores, Inc. US 482,130 482,130 15,080 Hypermarket/Supercenter/Superstore 30 2.7% 2 Costco Wholesale Corporation US 116,199 116,199 2,409 Cash & Carry/Warehouse Club 10 8.3% 3 The Kroger Co. US 109,830 109,830 2,049 Supermarket 1 6.0% 4 Schwarz Unternehmenstreuhand KG Germany 94,448 94,448 n/a Discount Store 26 7.4% 5 Walgreens Boots Alliance, Inc. US 89,631 103,444** 4,279 Drug Store/Pharmacy 10 5.9% (formerly Walgreen Co.) 6 The Home Depot, Inc. US 88,519 88,519 7,009 Home Improvement 4 5.4% 7 Carrefour S.A. France 84,856 87,593 1,247 Hypermarket/Supercenter/Superstore 35 -3.1% 8 Aldi Einkauf GmbH & Co. oHG Germany 82,164e 82,164e n/a Discount Store 17 8.0% 9 Tesco PLC UK 81,019 82,466 535 Hypermarket/Supercenter/Superstore 10 -2.3% 10 Amazon.com, Inc. US 79,268 107,006 596 Non-Store 14 20.8% 11 Target Corporation US 73,785 73,785 3,363 Discount Department Store 1 2.3% 12 CVS Health Corporation US 72,007 153,290 5,239 Drug Store/Pharmacy 3 4.7% 13 Metro Ag Germany 68,066** 68,066** 821 Cash & Carry/Warehouse Club 31 -2.5% 14 Aeon Co., Ltd. -
Dairy Farm 2018 Interim Results
2018 Interim Results 27 July 2018 Disclaimer This Document (the “Document”) is for information purposes only. This Document is not intended to form the basis of any investment decision nor does it constitute a recommendation or advice as to how the reader should act on any matter. The information in this Document is an overview only and does not contain or purport to contain information necessary for investment decisions. In making any investment decision, investors should rely on their own examination of Dairy Farm and consult with their own legal, tax, business and/or financial advisors in connection with any acquisition of securities. The information contained in this Document has been prepared in good faith by Dairy Farm and it may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Dairy Farm’s businesses and operations, market conditions, results of operational and financial conditions, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to rely on these forward looking statements. Dairy Farm does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Dairy Farm’s control. Past performance is not a reliable indication of future performance. This Document does not constitute or contain an offer for purchase or invitation to purchase any securities and neither this Document nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. -
Understanding the Beauty and Health Retailers in Hong Kong
UNDERSTANDING THE BEAUTY AND HEALTH RETAILERS IN HONG KONG CONTENTS Overview of Distribution Channels Online Retailer in Hong Kong and Macau 04 1. Hong Kong Retailers’ Own Website 22 Brick-and-mortar Retail Stores in Hong Kong 2. E-commerce Platform in Hong Kong 23 1. Department Stores 06 3. Cross-border E-commerce Platform in China 23 2. Beauty Specialty Stores 10 3. Pharmacy Stores 13 Hong Kong Beauty and Health Trade Events 26 4. Supermarkets 14 Austrade Contacts 27 5. Multi-brand Shops 16 6. Health and Organic Stores 19 7. Australian Brand Stores 21 Disclaimer Copyright © Commonwealth of Australia 2019 This report has been prepared by the Commonwealth of Australia represented by the Australian Trade and Investment Commission (Austrade). The report is a general overview and is not intended to The material in this document is licensed under a Creative Commons provide exhaustive coverage of the topic. The information is made Attribution – 4.0 International licence, with the exception of: available on the understanding that the Commonwealth of Australia is • the Commonwealth Coat of Arms not providing professional advice. • the Australian Trade and Investment Commission’s logo While care has been taken to ensure the information in this report • any third party material is accurate, the Commonwealth does not accept any liability for any • any material protected by a trade mark loss arising from reliance on the information, or from any error or • any images and photographs. omission, in the report. More information on this CC BY licence is set out at the creative Any person relying on this information does so at their own risk. -
SUSTAINABILITY, SOCIAL MEDIA… and the FUTURE of RETAIL
THE COCA-COLA RETAILING RESEARCH Councils SUSTAINABILITY, SOCIAL MEDIA… AND THE FUTURE OF RETAIL Global Retail Summit London, August 2012 The first Coca-Cola Retailing Research Council was formed in 1978 in North America to help retail customers address industry issues through organized discussion and commissioned research. Today, the Company sponsors six Councils throughout the world: North America, NACS North America, Europe, Asia, Latin America, and Eurasia & Africa. Each Council is comprised of up to 20 retail leaders and non-voting Coca-Cola system executives. Widely considered to be among the industry’s most prestigious retail think tanks, the Coca-Cola Retailing Research Councils have published more than 50 proprietary studies on issues ranging from shopper insights and new market dynamics to technology, innovation and social media. THIS PUBLIcatION IS A COLLECTION OF PAPers PRODUCED FROM PresentatIONS at GLOBAL RetaIL SUMMIT. Panel DIscUSSIONS DURIng THE SUMMIT WERE NOT RECORDED. © 2012 THE COCA-COla EXPOrt CORPOratION, UNDER THE AUSPIces OF THE COCA-COla RetaILIng ResearcH COUncIls CONTENTS FOREWORD FACING UP TO NEW REALITIES Muhtar Kent PAGE 2 SUSTAINABILITY THE CHALLENGE FOR RETAILERS HRH Prince Charles PAGE 4 WELCOME TO THE NEW NORMAL Lord Deben PAGE 8 THE QUEST FOR CHANGE Carter Roberts PAGE 12 WHY LESS HAS TO MEAN MORE Dr Jason Clay PAGE 16 SOCIAL MEDIA BACK TO THE FUTURE? James Quarles PAGE 22 BE YOURSELF… SIMPLY FLAWSOME Wendy Clark PAGE 28 IT PAYS TO TALK. BUT KEEP IT RELEVANT… AND HONEST Richard Reed PAGE 30 THE FUTURE OF RETAILING HOW TO PREPARE FOR THE ‘PERFECT STORM’ Mark Price PAGE 34 SUMMARY THE PROMISE OF SUSTAINABLE GROWTH PAGE 38 LIST OF MEMBERS PAGE 40 CCRRC Global Retail Summit RepoRt FOREWORD FACING UP TO NEW REALITIES Muhtar Kent Chairman and Chief Executive Officer The Coca-Cola Company ince 1978, the Coca-Cola Retailing This is why I am convinced that sustaina- Research Council has generated over bility and social media will forever be con- 40 extensive, proprietary studies on nected at the hip.