Sun Art Archives - Inside Retail Asia

China to become world’s largest grocery market by 2023

China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts.

Chinese grocery market set for solid growth, says IGD

The Chinese grocery market by grow by 32.6 per cent by 2022, preserving its status as the largest grocery market in Asia.

New Retail helps drive record Alibaba sales

Continuing momentum in Alibaba Group’s ‘New Retail’ business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31.

Alibaba-Sun Art deal a ‘major step’ in China’s retail landscape

This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China.  

Alibaba, Auchan, Sun Art partnership in China food foray

A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts.

Sun Art looks to fresh Fields

Chinese hypermarket operator Sun Art Retail Group has bought a controlling interest in Fields Hong Kong, an online retailer of fresh foods and produce.

Sun Art satisfies

Chinese hypermarket operator Sun Art Retail Group has found expanding into lower tier cities a lucrative move. The listed retailer yesterday reported a seven per cent rise in profit for the nine months to September 30 as it continued its expansion drive into lower-tier cities. Its share price gained nearly one per cent as a result, twice the day’s overall market growth. Sun Art is a joint venture between Taiwanese company Ruentex Group and the French retailer Groupe Auchan. It operates …

Expansion lifts Sun Art profit

Chinese hypermarket operator Sun Art is bucking the slowdown in China’s FMCG sector. Sun Art Retail has reported net profit during the first half rose 8.5 per cent to 1.7 billion yuan ($276.2 million) on turnover growth of 7.9 per cent to 48.04 billion yuan. During the period it opened one Auchan and three RT-Mart hypermarkets and intends to continue expanding having secured 162 new sites. Besides bricks and mortar stores, Sun Art also sells through its e-commerce platform, w…

Walmart further culls China network

US retailer Walmart continues to trim its China network in a challenging trading environment. Walmart says it plans to shut down five more stores in China this month in addition to the stores it shuttered in Chongqing, Jiangsu and Hunan. The retailer’s media director for China, Zhang Xuejing, confirmed the plan. “As part of this store closure plan, we have announced that we will close some nonperforming stores where needed. This is to enable us to continue to grow in China with more qua…

Sun Art extends lead in China

Sun Art is still the leading company in the fast moving consumer goods (FMCG) market in China, says Kantar Worldpanel. The Sun-Art Group, a JV between Taiwan’s Ruentex Group and France’s Groupe Auchan SA, has seen strong share growth driven by the opening of 45 new RT-Mart stores during 2013. The pace of new store openings has been very rapid compared to RT-Mart’s key competitors and the retailer now has 264 stores across China. RT-Mart has increased its dominance in the east region wher…

Hypermarket group eyes regional expansion

French-Taiwanese group Sun Art says it plans to expand into Indonesia, Malaysia and Vietnam.