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200 Leading Retailers in Asia

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200 Leading Retailers in Asia 200 Leading Retailers in Asia . Showcasing the very best in retail innovation across Asia from hypermarkets to convenience retail made with Introduction Thank you for downloading this eBook featuring 200 of the most exciting & innovative retailers in Asia. We've spent weeks speaking with our community and researching across the web to bring you this list, and we hope that you nd it useful & interesting. This is by no means a denitive resource, but more an opportunity to spark a discussion. Which retailers would make your top 200? Which countries do you see as the biggest opportunity for retail? Which categories excite you the most? How will this list change as e-commerce continues to grow? We'd love to hear your thoughts. Seamless Asia We were inspired to put this list together ahead of our Seamless Asia conference and exhibition, running on 2nd-4th May 2018 at Suntec Convention Centre here in Singapore. Over the years we've seen so many phenomenal retailers take the stage to present their challenges and their visions for the future of retail. Through this eBook we wanted to honour many of those businesses, as well as showcase some of those who we hope will join us in the future to share their stories. We would love to see you and your team at the show in May, as we come together to celebrate the very best in Asian retail, and look ahead to the seamless future of commerce throughout the region. Best wishes Oliver Arscott & Team Seamless Key Statistics Category Statistics First let's take a look at categories. Here we see that fashion & jewellery have clinched the top spot, making up some 20% of the total list. It is interesting to note that there is a far greater presence of global brands within this category than in any other, with 60% of companies hailing from outside of Asia. Convenience stores, demonstrating annual store growth of 15-40% in countries like Vietnam, the Philippines and Indonesia, are a particularly exciting category to keep an eye on, with many young brands already with hundreds of stores in operation. At the bottom of the list are the variety stores. This is also the most homogeneous category, with all 5 companies headquartered in Japan. Given how quickly this category is growing however, especially driven by market leader Daiso, it is certainly one to keep a close watch on. Country Statistics The ve countries with the largest contingents on this list are all represented for dierent reasons: 1) Japan - Japan dominates the variety retail market, as well as having a strong showing on our list in department stores and in electronics & home categories 2) Singapore - Singapore retail is going through some challenges but remains a rm retail hub, especially through mall operators and department stores 3) India - In India we see electronics & home as being a really dominant category, with Reliance Digital alone operating some 2,000 stores 4) China - Chinese retail is more centralised than India, demonstrated by businesses like Easy Joy convenience store operating in 25,000 locations 5) Hong Kong - Unsurprisingly Hong Kong is especially well represented on this list in the fashion & jewellery category, with 5 entries Store Number Statistics Here we break down categories by number of stores in operation. We have to be slightly careful here, as some of the brands represented, especially in fashion and hypermarkets, run many of their stores outside of the Asia region. Nevertheless, there are some denite lessons we can draw from this data. The most glaring of these is the economies of scale needed to run an eective convenience retail chain. These numbers are especially driven by countries like China, where leading convenience brands run tens of thousands of stores. At the other end of the spectrum, department stores & mall brands in Asia rarely have more than 30 sites in operation, focusing instead auent, urban areas where they can guarantee protable trac. As the standard of living in Asia increases, it will be interesting to see how existing department stores and malls grow into tier II/III cities. Convenience Stores Convenience Retail Summary Convenience retail in Asia is being driven by a number of signicant market trends, from urbanisation to growing prosperity. As families move from extremely rural settings into towns and cities, the reliance on mom-and-pop style shops (eg Kirana stores in India) falls as families graduate to more established, urban convenience stores for their weekly shop. Growth in convenience formats has also been driven by changing working patterns. In the Philippines for example, the growth of the BPO sector has meant that early & late opening convenience stores have found protability by serving workers on antisocial shift patterns. Increased prosperity also means that convenience chains can operate in smaller and smaller towns, a trend which has been particularly seen in markets like the Philippines and Indonesia where chains have seen double- digit growth. An exciting trend that we've also seen is the changing role of convenience stores, especially as they enter into tier III and smaller towns. Whereas the product range oered in cities can be quite narrow, in more rural settings we've seen an uptick in additional services on oer, from quasi-banking to e- commerce fulllment. Whilst growth in the convenience retail sector is unlikely to be sustained in developed Asian economies like Singapore and Japan, we can expect CAGR of up to 40% in emerging markets like Vietnam. Convenience Stores Shortlist Organisation Outlet Type Headquarters Locations Parent Company Name Worldwide 108 Shop Convenience Thailand 250+ Saha Group Store 7-Eleven Convenience USA 56,600 Seven & I Store Holdings/Seven- Eleven Japan 99 Convenience Malaysia 800 99 Speed Mart Sdn SPEEDMART Store Bhd Alfamart Convenience Indonesia 10,000 PT. Sigmantara Store Alndo B's Mart Convenience Thailand 200 Berli Jucker Plc Store Cheers Convenience Singapore 160 National Trades Store Union Congress Circle K Convenience USA 8,000 Alimentation Store Couche- Tard/Convenience Retail Asia CJ Express Convenience Thailand 250 CJ Express Group Store Co., Ltd. CU Convenience South Korea 8,000 BGF Retail Co., Ltd. Store Easy Joy Convenience China 25,000 Sinopec Group Store Easyday Convenience India 500 Future Group Store FamilyMart Convenience Japan 17,000 FamilyMart UNY Holdings, Store Ltd. Fresh Mart Convenience Thailand 600 Fresh Mart International Store co.,ltd GS25 Convenience South Korea 5,000 GS Group Store Indomaret Convenience Indonesia 11,000 Salim Group Store Lawson Convenience Japan 14,000 Mitsubishi Corporation Store Meiyijia Convenience China 7,400 Meiyijia Convenience Store Store Co. Ltd Ministop Convenience Japan 4,900 Æon Group Store MyNews Convenience Malaysia 250 Bison Consolidated Berhad Store PARKnSHOP Convenience Hong Kong 300 A.S. Watson Store Group/Hutchison Whampoa Spar Convenience Netherlands 12,500 Groupe Casino/SPAR Store Group, Inc. uSmile Convenience China 17,000 PetroChina Co., Ltd. Store Department Stores Department Stores Summary Department stores are undoubtedly going through a period of transition. On the one hand they are being challenged by malls with evolving tenant mixes and an increased focus on becoming entertainment and leisure destinations. On the other hand, e-commerce is slowly chipping away at the need to come in-store in the rst place. For many department stores, this transition means a degree of consolidation. As margins tighten, it will become increasingly dicult to justify such signicant spend on real estate in premium locations. Indeed, we've already seen many department stores move to become key tenants within mall spaces, rather than owning entire buildings outright. Nevertheless, whilst this space consolidation may cause some stress on well established department store businesses, there is plenty of reason for optimism. The growing middle class across Asia, expected to reach 3.2 billion by 2030 according to the OECD, will drive a signicant increase in consumer spending. Through a focus on experiential shopping, retailers can appeal to this new aspirational class. Furthermore, whilst e-commerce will continue to grow as a percentage of total spend, the pace of growth has been somewhat slower than expected, currently sitting at only 4% of total consumer spend in the Southeast Asia region. Indeed, many e-commerce businesses are opening their own physical retail spaces, recognising that Asian consumers still value experiencing products in the esh before purchase. Department Stores Shortlist Organisation Outlet Headquarters Locations Parent Name Type Worldwide Company AK Plaza Department South Korea 5 Aekyung Store Industrial Amphon Department Thailand 2 Phra Nakhon Si Store Ayutthaya BHG Department China 15 Beijing Hualian Department Store Group Stores Centro Department Philippines 17 Citistores Inc Store D-Mart Department India 132 Avenue Store Supermarts Ltd. Diamond Plaza Department Vietnam 1 Chatur Group Store Far Eastern Department Taiwan 1 The Far Eastern Store Group Galeries Department France 7 Galeries Lafayette Store Lafayette Group Galleria Department South Korea 5 Hanwha Group Store Hankyu Department Japan 14 H2O Retailing Corporation Store Hanshin Department Japan 5 H2O Retailing Corporation Store Harvey Nichols Department UK 16 Dickson Concepts Store Hyundai Department South 14 Hyundai Department Store Korea Store Group Isetan Department Japan 20 Isetan Mitsukoshi Ltd. Store Lotte Department South 34 Lotte Co., Ltd. Store Korea Marks & Department UK 1,433 Marks and Spencer plc Spencer
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