Retail Asia Pacific Top 500_2008

www.retailasiaonline.com The 2008 ranking of Asia-Pacific’s leading retail companies Australia China Hong Kong India Indonesia Japan Malaysia New Zealand The Philippines Singapore South Korea Taiwan Thailand Vietnam ✩ Bookstore Clothing, Footwear & Accessories Convenience Store Department Store Hardline Health & Beauty Hypermarket Sports Goods Supermarket Others ✩ Australia China Hong Kong India Indonesia Japan Malaysia New Zealand The Philippines Singapore South Korea Taiwan Thailand Vietnam ✩ Bookstore Clothing, Footwear & Accessories Convenience Store Department Store Hardline Health & Beauty Hypermarket Sports Goods Supermarket Others ■ Australia China Hong Kong India Indonesia Japan Malaysia New Zealand The Philippines Singapore South Korea Taiwan Thaila Vietnam ✩ Bookstore Clothing, Footwear & Accessories Convenience Store Department Store Hardline Official Market Information Provider Principal Program Partner Principal Sponsors 2008 RETAIL ASIA-PACIFIC TOP 500 M E S S A G E W e are proud to publish the 2008 Retail Asia-Pacific Top 500 — marking the fifth successive year in the annual series of what is now a highly regarded and anticipated ranking of major retail enterprises in the region. This year’s Top 500 ranking measures performance of Asia-Pacific retailers in their sales turnover and sales productivity in 2007 — a year that was subjected to an enormous repertoire of ups and downs. The year had begun on an upbeat note — driven by the bullishness and momentum of the preceding four straight years of robust growth among Asia’s economies. There was, however, also a host of clear and present danger that clouded the year’s outlook — the continuing avian flu pandemic threat, geopolitical strife, global terrorism, natural disasters, among others. As the year progresses, further predicaments set in — the US sub-prime mortgage crisis and the global financial and credit market turmoil that it triggered; the increasing gravity of climate change and global warming; the soaring oil prices that breached the then unthinkable US$100 per barrel; and more. Despite the vagaries and the dampeners, Asian economies soared to a fifth straight year of growth in 2007. And Asia’s retail industry prospered and grew. In our Top 500 ranking this year, the top 10 retail enterprises collectively achieved a superlative double-digit sales growth of 12.2%. The top 25 attained a very laudable 9.5% growth. These are highly admirable figures given the high base of the numbers at the apex of the ranking. Even at the lower level of the Top 500, the sales growth has been impressive too — the lowest-ranked 25 enterprises achieved a very creditable 8% growth. Further, the ranking this year saw the entry of a number of new faces to the list. The clear inference is the tremendous resilience, tenacity and entrepreneurial spirit of Asia-Pacific’s top retailers in coping with market fluctuations. It is also a clear testimony to their strategic and tactical capability in successful retailing — forging the compelling value proposition for their customers and delivering the best possible customer experience at all times. We applaud all the retail enterprises making it to the Top 500 this year. Congratulations and well done! We also would like express our appreciation for the kind support and cooperation of our highly respected multinational associates: Euromonitor International, our official market information provider; KPMG, our principal programme partner; Visa, our principal sponsor; and Tyco, our principal sponsor. We are also grateful to the many other corporations and individuals who have contributed and assisted in one way or another in this year’s compilation of this interesting and useful body of information that is intended to be developed into a database of business intelligence and insights into the experiences and lessons of success in Asia-Pacific retailing. July 2008 Retail Asia Steven H L Goh Executive Chairman Retail Asia 1 2008 RETAIL ASIA-PACIFIC TOP 500 M E S S A G E E Retail Asia July 2008 uromonitor International is proud to be once again helming the Retail Asia-Pacific Top 500 as the ranking enters into its fifth year in the making. This year, the retailers ranked in the Retail Asia-Pacific Top 500 fared well based on their US-dollar sales generated in 2007. Aided in part by the weakening greenback, the general economic climate, demographic and social factors as well as strong consumer sentiments across the region provided the infrastructure supporting a robust retail performance in 2007. Retailers operating in Japan, China, Australia and South Korea continued to dominate the rankings but, perhaps, the true stars in the Retail Asia-Pacific Top 500 hail from emerging economies including China, India and Vietnam. As we embarked on our annual update of the ranking of retailers across 14 Asia-Pacific economies by channel — a task that is as challenging as it is valuable — one of the issues that became apparent was that the need for retailers to innovate or perish is becoming increasingly critical in order for them to retain their competitive edge. According to Euromonitor International, innovation in the retail industry can come in the form of enhanced customer experience, new product or service offering, and new customer service concept, to name but a few examples. While there is a sense of uncertainty in 2008 with the US economy on the brink of a recession, retailers are pinning their hopes on Asia and remain upbeat about their prospects. Keen in part to ride on the sales potential that the 2008 Beijing Olympics offers, international brands continue streaming into the region, particularly Hong Kong, which is perceived as a gateway to mainland China. Mergers and acquisitions continue to be another key theme that was picked up from this year’s Top 500. From China and India to Japan and Australia, coming together — willingly or otherwise — and working together was adopted as a strategy to remain afloat in the competitive retail landscape in the region. All these retail innovations, happenings and more are picked up as Euromonitor International studies the retail industry in countries around the world and presents these insights in Passport, our global information system which offers a single gateway to business intelligence on industries including retail, countries and consumers. Our methodology of relying on both primary and secondary research at the country level to arrive at a consensus view and our commitment to quality research and client servicing have kept Euromonitor International at the forefront in the business of providing global business intelligence. The world, as our fathers and mothers — and their fathers and mothers before them — know it, is no longer the same. Rising food and fuel prices have been a cause of concern in 2008 resulting in inflationary pressures across the region. Our children will be born in a world where the Internet and mobile phones already exist. Would they be as enamoured with bricks-and-mortar shopping as their parents and grandparents are? Would they be bogged down by security concerns associated with online payment as their predecessors are? Consumers in Asia will have more money but will also have more ways of spending this money. Global retailers can venture into an emerging economy like China and India which offers vast potential but to gain a strong foothold in these markets, they will need to be increasingly sensitive to local needs. Are retailers operating in the Asia-Pacific region best placed to deal with these issues as they stand or do they need to innovate to maintain their appeal to the Asian consumer who is becoming increasingly global? One thing is certain: the only thing they can be sure of is that change will be a constant that they will have to deal with. Once again, Euromonitor International extends its heartiest congratulations to the retailers whose sound decision-making and astute moves have placed them in the 2008 Retail Asia-Pacific Top 500. Geok Leng, Loo Head of Research Euromonitor International 2 O n behalf of KPMG member firms across the Asia-Pacific, I would like to offer my congratulations to all the companies who made it onto this year’s Retail Asia-Pacific Top 500 ranking. These companies deserve recognition for their innovation, ambition and competitiveness. KPMG is organised by industry lines of business across our offices to provide in-depth industry knowledge and professionals highly experienced in their sector. It is the aim of KPMG’s Consumer Markets Practice to turn knowledge into value for the benefit of our clients, people and the capital markets. As part of this approach, we have developed thought leadership campaigns, seminars and executive briefings across the region. In this month’s issue of RETAIL ASIA you will find several pages of analysis from our Consumer Markets practice, including highlights from some of our recent industry research. KPMG member firms serve many of the largest retail and consumer companies operating in the Asia-Pacific. In addition to audit and tax services, we also help our clients develop strategies to sustain growth, improve governance and raise performance. In times of intensifying competition, and with increased scrutiny from regulators, shareholders and other public stakeholders, the challenges of growth, governance and performance are becoming more acute than ever. We wish the readers of RETAIL ASIA continued success over the year ahead and we will be looking at this year’s rankings with great interest. Nick Debnam Chairman KPMG Consumer Markets Practice, Asia Pacific July 2008 Retail Asia 3 Visa’s support of the annual ranking of the top 500 retail companies in the Asia-Pacific bears testimony to the importance of our retailers that accept and enable Visa transactions across the millions of merchant locations worldwide. and in driving the development of new payment products. technology that speeds up transactions. June Seah Regional Head of Acceptance Visa International Asia Pacific Retail Asia July 2008 1 Visa payWave programmes have been implemented in China. 2 Based on Deloitte field study findings in Taipei and Malaysia in Oct 2006. Hong Kong. 4 . while improving their own operational processes. we feel. Today. These include helping to ease processing and administrative tasks to save retailers money and time. we have contactless card programmes in nine countries and territories across the Asia-Pacific1. standards and technologies to help move the industry forward. Visa payWave. Visa Touch programme active in Japan. that they have seen higher levels of customer satisfaction. Taiwan and Thailand. Retailers play a key role in the success of the international electronic payments system and are an integral part of the Visa world. In addition. Visa’s focus when working with our retail partners is to ensure the payment technology we develop provides real benefits.2008 RETAIL ASIA-PACIFIC TOP 500 M E S S A G E V isa is delighted to participate as a principal sponsor of the Retail Asia-Pacific Top 500 ranking for the fifth consecutive year. As the operator of the world’s largest retail electronic payments network. Singapore. We look forward to recognising another merchant partner through the “Payment Innovation Award”. we were able to showcase some exceptional merchant partners that have used innovative technologies to help provide better levels of service to their customers. is how innovation should be made to work for retailers. our merchant partners have told us that Visa payWave has helped them process transactions faster. Based on interviews conducted in a Deloitte field study. This. We look forward to recognising another innovative merchant partner this year and would also like to congratulate all the organisations which have successfully made it through to this year’s Top 500 list. which we are sponsoring again this year. Visa is committed to the spirit of innovation. shortens waiting times and allows customers to pay for purchases in a convenient and secure manner are important considerations for a retailer. Indonesia. our contactless payment technology which allows consumers to use either their Visa payWave-enabled cards — or even Visa payWave-enabled mobile phones — as an alternative to cash is one such example. and have even recorded higher spend as a result of this technology2. Malaysia. Korea. Over the past four years. The exception reporting features help retailers focus on areas to run their business more efficiently and effectively. which is the preferred solution of the world’s largest retailers. Retail operation has changed significantly over the past few years with an increase in open merchandising. Stanley Kong Vice-President Retail Sales and Services ADT Security Services July 2008 Retail Asia 5 . Thus enabling them to track and reduce internal theft from point of delivery through to the point of sale. longer operating hours and high staff turnover. We are delighted to partner with retailers to improve their bottom line through shrinkage control. the authentic Acousto-Magnetic (AM) technology. AM is the most advanced EAS technology that gives the highest performance with false alarm immunity. Our Sensormatic range of electronic retail security solutions are trusted by leading retailers around the world. all of which increase the risk of shrink. Sensormatic EAS solutions are based on Ultra•Max. Leading retailers are quick to adopt source protection and integrated solutions to keep losses lower while improving customers’ shopping experience. Retailers are now taking a more proactive approach to implement loss prevention initiatives.A DT is proud to be a principal sponsor of the 2008 Top 500 Asia-Pacific ranking that recognises outstanding retailers. We protect 80% of the world’s top 200 retailers that use Electronic Article Surveillance (EAS). We would like to congratulate the Top 500 retailers in this year’s ranking and wish them many years of success as they continue to move ahead of the changing retail environment. Our latest solution provides them with the ability to transform enterprise data into business intelligence. grouped by country. which is reflected in the 2007 performance of the Top 500 retailers in the AsiaPacific region. A s we move into the second half of 2008. Hong Kong. while the remaining 44 entries were based on retail operations in Indonesia. the Top 500 retailers. consumer confidence was higher a mere year ago. Rising food and fuel prices on top of a weakening US dollar have wreaked havoc on inflation across the world. Being compiled in US-dollar terms. China (89). Now on its fifth year. Euromonitor International’s head of research Geok Leng Loo also provides an analysis of the region’s dynamic retail scene as well as the challenges that retailers are expected to face. 6 . India. a caveat worth mentioning before we delve into the ranking is that the Retail Asia-Pacific Top 500 is affected by the weakening greenback with sales growth being artificially inflated in 2007.2008 RETAIL ASIA-PACIFIC TOP 500 O V E R V I E W 2007 a good year for retailers despite changes in world economy The 2008 Retail Asia-Pacific Top 500 ranks retailers in 14 Asia-Pacific economies based on their US-dollar sales turnover for 2007. These four economies accounted for close to 63% of the entries in the ranking but more than 88% of retail value sales generated by the leading 500 retailers in the region. Now into its fifth edition. there is undoubtedly a whiff of uncertainty in the air globally. Country highlights In 2007. Australia (66) and South Korea (38). the credit crunch brought about by the subprime crisis has kept us on tenterhooks as to when a recession will be declared in the US which will have repercussions on the world. the ranking continues to highlight companies that have become the movers and shakers in the region’s retail sector. the Retail Asia-Pacific Top 500 ranks the leading 500 retailers in the region based on US-dollar sales generated in 2007. value sales for the leading 500 retailers in the region rose to US$637 billion. reflecting a growth of nearly 10% from last year’s US$581 billion. The world is keeping its eyes trained on China for the upcoming Beijing Olympics in August 2008 and the US for its presidential elections in November 2008. the Philippines and Vietnam. Thailand and Singapore — accounted for 143 of the 500 entries in the ranking for 2007. The next six countries — New Zealand. generally fared better in 2007 than Retail Asia July 2008 Diagram 1: Breakdown of Retail Asia-Pacific Top 500 retailers by country. At the same time. a total of 313 entries in the 2008 edition of the Retail Asia-Pacific Top 500 are accrued to Japan (120). Not surprisingly. Taiwan. Overall. Malaysia. Without a doubt. “2007 was a beacon year for modern retailing in India”. including the acquisition of Adani Supermarkets Ltd. accounting for 22% of entries in the Retail AsiaPacific Top 500. Indeed. Vietnam has been tipped as the most attractive country for global retailers. 2007 was still a bountiful year for these three markets. according to AT Kearney’s 2008 Global Retail Development Index.000 outlets within the 2006-07 period. Nguyen Kim Tien Trade & Service Co Ltd and Phu Nhuan Jewelry Joint Stock Co — continue to represent Vietnam in the Retail Asia-Pacific Top 500. Of course. can afford and will buy luxury brands.360 in the 2007 edition of the Top 500 rankings. Aside from their revving economic engines. saw its four Top 500 retailers’ sales surge by 31% in current value terms to reach US$740 million. India leads the race In the words of Euromonitor International’s senior fmcg regional analyst Nupur Sharma. while Saigon Union of Trading Cooperatives came in at No. such bold expansion moves are not without ramifications. the other three retailers have moved up the ranks from the last edition. Therefore. retailers operating in the other 11 countries that made it to the Retail AsiaPacific Top 500 registered double-digit growth in USdollar value sales in 2007. With the exception of Hong Kong (8%). The expansion in outlets is not limited to larger cities such as Mumbai and Delhi. which has been spiraling upwards in 2008. Hong Kong. Vietnam’s attraction as a retail destination lies in her opening up to foreign direct investment and her population of young professionals who covet.Chart 1 Chart 2 in the previous year.245) more than doubled the number of supermarkets under the Subkhiksha fascia to 1. this was the case as the 22 retailers in India captured in this year’s Retail Asia-Pacific Top 500 pulled off a feat in achieving 63% current value growth for sales to reach US$5 million in 2007. testament to the fact that it was indeed a good year for retailers all round. According to Sharma. Sharma highlighted that the rapid expansion of retail giants in India came under public scrutiny for the implications it has on the millions of independent small grocers dotting the country’s retail landscape. Based on AT Kearney’s latest findings. continued to flex their muscles. Vietnam. the Indian retail landscape saw the addition of more than 10. hardline retailers accounted for 97 7 . Saigon Jewellery Holding Co. Over the span of a year.321. For instance. However. It is the consideration of the future of these traditional retail formats alongside the still restrictive legislation surrounding foreign direct investment in the country that has plausibly slowed but not abated global retailers’ entry into India. in current value terms. The optimism surrounding Vietnam’s prospects may however need to be tempered slightly in light of inflation. strong retail performance in these two markets also stem from local companies bolstering their operations both in response to and in anticipation of stronger competition arising from the loosening regulations surrounding the retail industry in China and India. the regional powerhouses. although sales growth pales in comparison to their counterparts in Asia. Japan (3%) and Taiwan (5%). Subhiksha Trading Services Pvt Ltd (No. Indeed. it is now ranked No. Retailers operating in China and India. None of the countries represented posted a decline in sales in 2007. Vietnam’s star rising Last year’s raw diamond. it is worth mentioning that with the exception of Nguyen Kim Tien. which analyses and ranks 30 emerging economies for retail development. “the David and Goliath battle has intensified to a point where small traders have taken to the streets in protests and some state governments have placed a ban on the opening of modern format grocery stores”. with retailers also expanding into the secondand third-tier cities. July 2008 Retail Asia Format highlights Outlet type-wise. For example.000 new outlets resulting from aggressive expansion moves undertaken by retailers operating in the country. burgeoning middle-class consumers and a change in consumer spending habits. While the same four retailers — Saigon Union of Trading Cooperatives. which saw its number of outlets surging from 76 in 2006 to 325 in 2007. Japan and Taiwan have mature economies which have been subject to decline until the past one to two years. Reliance Retail Ltd (No.271) embarked on an expansion drive. the expansion drive undertaken in India by chained retailers was not limited to mergers and acquisitions. Ranked retailers in China and India saw sales rising 26% and 63% respectively in 2007. positioning themselves as a one-stop destination for grocery shopping and value-for-money pricing.298) burst into the scene in 2007 through the acquisition of Home Way’s 12 outlets in the country. KEY REGIONAL TRENDS & DEVELOPMENTS Mergers and acquisitions continue to colour the regional retail scene 2007 bore witness to a flurry of mergers and acquisitions in the Asia-Pacific region. accounting for 24% (US$150 billion) of value sales in 2007. Wesfarmers Ltd also debuted at No.2008 RETAIL ASIA-PACIFIC TOP 500 O V E R V I E W sell items which are non-essential for everyday life. Dazhong. Interestingly. especially against foreign retailers. Japan was also a party in the mergers and acquisitions game on the retail front. Coles Group Ltd. For the latter. achieving growth via an inorganic route appeared to be a favoured strategy undertaken to better arm themselves in an increasingly competitive operating environment. Advancements made by Wesfarmers Ltd on the retail scene with Coles Group Ltd under its belt are not just limited to Australia.7). In late 2006. Department stores (74) and supermarkets (61) were next in line due to the wide product ranges as well as the necessity of products sold through these two retail channels. libraries). Bookstores and sports goods stores sales are low as there are alternative options for the former (for example. ranked at No. With the completion of this take-over in November 2007. Hypermarkets’ strong performance stems from eight of the top 10 retail groups ranked highest for this outlet type posting double-digit growth in sales in their respective countries. the majority of Asia’s population remains focused on obtaining enough nutrition as part of staying healthy and has yet to move on to exercising as part of their health and wellness regime.8 million) remained the lowest among the various outlet types. to boost its leading position in northern Chinese cities including Beijing.198. The leading hardline retailer in China.34) also successfully acquired a 35% stake in local hypermarket chain Trust-Mart which is anticipated to greatly boost the former’s overall competitiveness on the hypermarket scene. In Indonesia. Another noteworthy mention would be the recently completed merger between Isetan Co Ltd and Mitsukoshi Ltd — two department store bigwigs — in April 2008. Also.5 million) and sports goods stores (US$3. Sumber Alfaria Trijaya PT. witnessed a surge in sales as a result of acquisition activities in order to enhance its competitive positioning. ousting last year’s leader Woolworths Ltd from its throne. This is due in part to the wide range of retailers included within hardline. we saw how Reliance Retail Ltd has upped its presence in India partly through acquiring Adani Supermarkets. In terms of sales though. this instantly propelled Wesfarmers Ltd to the No. Gome Electrical Appliances Holding Ltd (No. One of the most noteworthy acquisitions that took place in the region was Wesfarmers Ltd’s bold buyout of the No. In China. ranging from audio-visual to furniture and home furnishing as well as DIY and durable goods retailers. Wal-Mart (No. hypermarkets’ value sales posted the highest increase of 21% over 2006 while sales value for bookstores (US$5. Regardless of whether retailers were operating in a developed or developing economy. further expanded and strengthened its presence throughout the country by merging with competitor Yongle in the second half of 2006. department stores emerged as the leader.8 in New Zealand’s top 10 retailers ranking in 2007 as a result. its parent company bought back 75% of Alfamart convenience stores from Phillip Morris Cos Inc. given that the value of products sold at department stores are generally higher compared to supermarkets. sports goods stores 8 Retail Asia July 2008 . this perhaps bears testament to how house-proud Asians are willing to invest in their homes and related purchases resulting in the success of hardline retailers.2 retailer in Australia. Additionally. Chart 3 Chart 4 entries of the Top 500 ranking in 2007.1 spot for retailers in Australia. Earlier. Gome continues on its expansion drive through the acquisition of another competing company. J Front Retailing was borne out of the marriage between well-known retailers Daimaru and Matsuzakaya in September 2007. US-based home improvement retailer The Home Depot (No. The success of hypermarkets in Asia lies in part in their wide product portfolio. A mature and highly competitive retail environment in the country on top of its diminishing population provided the key impetus behind these moves. Global retailers continue their onslaught on Asia Partly as a result of stagnant conditions in their domestic markets. Female participation in the workforce across the Asia-Pacific region continues to rise and women accounted for 39% of the region’s total employed population in 2007. The company even teamed up with small. particularly in the emerging economy of China. between 2002 and 2007. but the rise of the “new man” and an increasing range of products catering to this consumer segment has also meant that engaging in retail therapy is increasingly not an activity constrained to the fairer sex.According to Euromonitor International’s research analyst. brands and fascias that are available globally. there is an emerging group of consumers — particularly the young — who have a need for instant gratification and trending towards an aspirational lifestyle. Best Denki made its debut in Vietnam via a franchise contract with domestic player Ben Thanh Marketing Co. Coach has also opened its flagship store in Hong Kong this year amid much fanfare. 2007 was a watershed year for Asian fashionistas as Swedish apparel retailer. shopping ranks high as a leisure activity for the simple reason that malls are pleasurable places to hang out at. cautions that it is unlikely that these acquisitions will be realised over the short term due in part to the target companies’ prominent presence in Indonesia. also translates into greater opportunities for luxury retailing. As of the first half of 2008. Japan. To start with. There is greater ease of access to and acceptance of credit. such as Agis planning to acquire Electronic Solution. Alfamart managed to increase its value share significantly in 2007. Disposable incomes are increasing strongly. Adhitya Nugroho. the world has literally become every shopper’s destination for retail therapy. All these factors taken together translate into the cashiers ringing it in for retail operations in the region as consumers shop to their hearts’ content. Euromonitor International values total tourism expenditure in the Asia-Pacific region at US$323 billion in 2007. Not only are more women shopping and shopping more. De Beers also recently unveiled its “first global diamond destination” in Hong Kong’s The Landmark. however. This makes it easier for international retailers to introduce their products and concepts in Asia. where consumers are generally known to have a higher propensity to save rather than spend. More people are shopping. Nugroho explains: “These companies may target retailers involved in the same retail channels. to a lesser extent. In 2007.and mediumsized enterprises. particularly in the emerging economies of China and India. which is targeting not only the domestic diamond shopper but also mainland Chinese shoppers. Retail entries by multinationals are not limited to just Hong Kong and other developed economies. Media reports highlighted the warm reception that greeted H&M’s Asian store openings where shoppers formed lines in front of the stores ahead of opening hours. in order to widen its product portfolio within the retail industry. Consumer attitudes towards spending have also been changing over the past few years. especially in developed countries such as Australia and Singapore. the retailer has a total of seven outlets in Hong Kong and Shanghai. July 2008 Retail Asia 9 . “being run by a local company has meant that Alfamart had more flexibility in terms of product offerings and marketing strategies. opened its first store in the region in Hong Kong which was soon followed by two stores in Shanghai. Nugroho further expects this trend of acquisitions by Indonesian retailers to continue over the next two to three years. Shopping is also no longer restricted by geographical boundaries. India saw the entry of UK-based department store Debenhams in October 2007 and the retailer has made known its plans to expand presence in India in 2008.” Nugroho. without waiting for the country to relax Disposable incomes are increasing strongly. global retailers and their brands have continued to make inroads in Asia. H&M. or retailers from different retail channels. Asian consumers have access to more money. Under the new management. Well-known US-based jeweller Tiffany & Co further extended its presence in both Hong Kong and Macau in 2007. With the cost of travelling going down over the years partly due to the advent of budget airlines and a stronger push by various countries in the region to hold and market shopping festivals as a reason to visit these countries. India and. such as Ramayana planning to acquire Alfa Supermarket. Tourism shopping not only benefits retailers in the region but also exposes consumers to more products. in addition to status-consciousness. Retailers are aware of this and more than happy to respond to Asian consumers’ loud call for branded goods. Even in countries such as China. either as a supplier or partner in establishing Alfamart convenience stores”. which saw disposable incomes registering 94% and 68% respectively. The changing attitudes towards money and shopping in the Asia-Pacific region. In developing countries such as India and Indonesia. strong potential for development in Asia and proximity to their suppliers. This means that more women have access to disposable income which is increasing at the same time. For example. its foreign direct investment legislation as part of its World Trade Organisation commitment. The mall features a civic plaza in recognition of the community’s need for a focal point. In order to keep up with the changes at large. which opened in Auckland in 2007. It can be something as simple as a refurbishment to enhance customers’ shopping experience. which will set up and run supermarkets on the existing premises of Citimart supermarkets. Myer Ltd will transform its iconic Melbourne Bourke Street store into a state-ofthe-art shopping precinct. cosmetics and toiletries and environmentally-friendly household products in Hong Kong. Euromonitor International’s senior fmcg regional analyst. the locals as well as tourists will soon be able to enjoy world-class shopping experiences as the government is redeveloping the country’s major shopping destinations in several cities and retailers are joining in to make shopping more experiential for customers. In New Zealand. in October 2007. Dairy Farm International Holdings Ltd will operate in Vietnam through its local subsidiary. Other retailers such as CVC Supermart. convenience stores in Taiwan are focusing on value-added services to give consumers more reasons to visit their stores. which rejuvenated its supermarket fascia in 2007 to the Foodmart brand. Nugroho noted that Filipino consumers are getting more pampered by retailers and shopping malls that provided all-in-one shopping experiences in 2007. Pitt Street Mall is being redeveloped. The A$600-million project proposes to integrate the three existing centres to give Sydney a world-class retail destination and office precinct showcasing the best in local and international retailers in the heart of the city. Nugroho expects such a strategy to generate higher consumer traffic as it taps on Filipinos’ rising demand for a one-stop shopping experience and increasing health-consciousness. which is expected to be completed by 2009. commented: “With the Melbourne government giving the green light to both redevelopment of Myer and David Jones Bourke Street store. A retail facelift is commonly adopted to keep the shopfront refreshing for shoppers. This is especially prominent in Metro Manila where consumers’ buying power is stronger. ThreeSixty not only sells the largest range of organic food products. Last year also saw regional bigwig Dairy Farm International Holdings Ltd getting its foot through the door of Vietnam’s retail industry. Hui Hui Lim. one of Hong Kong’s latest mega malls. Innovation can come in various forms for retailers. London and New York. 7-Eleven in Taiwan launched a self-service ibon 10 Retail Asia July 2008 . as in the Northlands and Riccarton malls in Christchurch. Giant South Asia (Vietnam) Ltd. ThreeSixty. shopping complexes in New Zealand also house movie theatres. Shopwise and Rustan’s are also providing such all-in-one shopping experiences in their stores. According to Mei Ling Yao. For example. Leading retailer SM Investment Corp offers consumers a more experiential shopping trip by re-defining its retail tenant mix in the malls that it owns. at Landmark Central in December 2006. Touching on health concerns. but also have experts in naturopathic and homeopathic medicine stationed in the Wellness Centre to provide free advice on health supplements and beauty products. this is likely to inject a breath of fresh air into Australia’s retail scene. Foodmart emphasises service. Dairy Farm International Holdings Ltd set up its first organic supermarket. health and beauty. inspired by the great stores of Paris. The tenant mix for a typical SM mall now breaks down roughly to 30% each for retail and dining and 20% each for services and wellness.to upper-income consumers becoming its main target. The environment is constantly changing and so too are consumers’ needs and desires.” Lim further speculated that David Jones will outperform Myer Bourke Street store in the future as David Jones’ unveiled worldclass and premium new look is expected to draw both the Australian and tourist shoppers alike. Retailer innovations are also borne out of greater service offerings. In Sydney. leading retailers are adding more value to shopping experiences with the likes of The Albany Mall. Its second outlet opened in Elements.2008 RETAIL ASIA-PACIFIC TOP 500 O V E R V I E W Indonesia’s Matahari department store. Euromonitor International’s research analyst. Innovation the route to consumers’ wallets Innovation is imperative for a business’ survival. based on reports in the media. Similar trends have also been spotted in the Philippines by Adhitya Nugroho. quality and fresh produce. with the middle. Retail innovations have also continued to revolve around creating a one-stop shopping haven for customers. In Australia. the leading retailer in Indonesia. Increasingly. retailers must innovate too or perish. In Hong Kong. Hong Kong shoppers are likely to welcome a third ThreeSixty outlet in the territory in 2008. Euromonitor International’s research analyst for Hong Kong and Taiwan. retail innovations in the region have also picked on this issue that is close to consumers’ hearts. hypermarket Shopwise has added a dedicated floor as a “solutions centre” where Filipino shoppers can view product demonstrations to generate their interest not just in consumer appliances but also food products. One example from the region would be Matahari Putra Prima Tbk PT. special occasions can also give rise to innovations on the retail front. the geographical expanse of the country would mean major distribution challenges for a start-up player. home furniture and furnishings will go up in tandem with a rise in such happy occasions. DVDs and PC software through Rakuten’s online shop to be delivered to the customer’s designated Familymart outlet for easy pick-up. it is the clicks-and-mortar model that is reigning supreme.violica. key stakeholders have been quick to adapt to tap into this booming area. For Hong Kong. AS Watson therefore launched its Living Ideas concept. Hong Kong and Taiwan research analyst Mei Ling Yao cited AS Watson’s Living Ideas in Hong Kong as one such example. The ever-tech-savvy and convenience-seeking Japanese consumers continued to embrace m-commerce in 2007. That said. m-commerce is growing by leaps and bounds in Japan. While it stands out as an innovative concept. Note that our definition of Internet retailing tracks purchases where the consumer is based and excludes the following: Services transactions (for example. Therefore. Internet retailing increasingly made its presence felt as a growing challenge in the Asia-Pacific. narrow product range and difficulties in nationwide delivery. However. The necessary infrastructure has been making advances in both developing and developed economies in the Asia-Pacific. aged between 20 and 34 years. any time. it is interesting to note that in most countries. This is particularly appealing to young working women. accommodation and other travel-related online purchases) that occur over the Internet. Given the target consumers. Product range is currently restricted to a few international brands. which limit consumer choice. Euromonitor International’s research analyst. The joining of hands between these two companies will allow the purchase of books. with industry experts placing growth estimates to be in the range of 30%-40% annually. Also.machine in August 2006 which allows consumers to perform many transactions such as paying fines. Spotting the potential in mcommerce. consumer-to-consumer transactions that occur on e-marketplaces (for example. household goods and DVD rentals. The appeal of m-commerce lies in the fact that it offers the ultimate in convenience to Japanese shoppers where a spot of retail therapy can literally happen any place. it is perhaps unsurprising that sales for fashion.com) is operated by Violica Pvt Ltd and represents a bold foray for the company. suggesting that retail therapy at the shopping malls has yet to go into retirement. the government has put in place the necessary infrastructure to facilitate easier billing which will make m-commerce more appealing and convenient for shoppers. representing a double-digit growth over the previous year. According to media reports. despite the advent of Internet retailing in the region. July 2008 Retail Asia 11 . sales on returned products/unpaid invoices. Kentaro Taniguchi. accessories and cosmetics rank among the top for m-commerce in Japan. In developing economies like India. take India as an example. Finally. demand for jewellery. Violica (www. Internet retailing was valued at nearly US$39 billion for the 14 Asia-Pacific economies in 2007. delivery services of food. this represents not even 5% of the country’s population. convenience stores are also serving as collection destinations for home-shopping and Internet orders. purchasing movie tickets and printing. Clicks versus bricks an ongoing tussle Amid the positive developments on the retail front for the Top 500 retailers in 2007. online retailers like Yahoo! have reportedly refurbished their mobile shopping sites to make it easier and more appealing for mobile shoppers. As an indication of how widespread Internet access and usage is. 2008 is the year of the Golden Pig which is viewed to be an auspicious year. magazines. In addition. Based on Euromonitor International’s in-house research on countries and consumers in 2007. given consumers’ security concerns over financial transactions over the Internet. All in all. anywhere. to tap into this trend and offer Hong Kongers the flexibility of creating a stylish home of their choice as they set up a new home and/or welcome a new addition to the family. where payment modes are increasingly secure given that this is a major obstacle to online shopping. This is happening not only in Taiwan but also in Japan. For instance. e-Bay). and operator revenues derived from offering e-marketplace services. the road ahead is immensely challenging for Violica. which retails quality home products sourced globally. India reportedly had about 50 million people online. Chart 5 It is therefore not surprising to see Internet shops sprouting across the region. Based on Euromonitor International’s latest research which defines Internet retailing as the sale of consumer goods to the general public via the Internet. highlighted the collaboration between Rakuten Inc and Familymart Co Ltd in May 2007 as a keynote example. As such. Typically. among other factors. 2007 witnessed the launch of the country’s first online portal dedicated to cosmetics sales. the potential for Internet usage uptake remains high. joyous occasions such as weddings and having a baby have seen an increase. CDs. transactions whereby the order is placed via the Internet and payment is made upon collection at the retailer’s store by the consumer. For example. Wal Mart-Bharti stores are called “Easy Day” with no reference to Wal-Mart in its brand name. At the same time. particularly in emerging economies such as China and India. almost doubling that of 2007. Attitudes towards spending will continue to change with a greater acceptance to spend on credit anticipated. ra Glocalisation takes centre stage As international retailers experience successes in some Retail Asia July 2008 Disclaimer: While every effort has been made to ensure reliability and accuracy of information presented in the Retail Asia-Pacific Top 500. Traditional bricks-and-mortar players are expected to venture into clicks-and-mortar and evolve into clicks-and-mortar players in order to remain competitive and relevant to the evolving shopper. our predecessors only had to decide their spending between food and drink. Retailers can therefore anticipate to be increasingly pitted against not just other retailers but also consumer food-service and entertainment operators. getting a club membership. retail rental rates have been relentless in their upward move in recent years which has created a squeeze on retailers’ margins. online clothing retailers such as www. In countries such as Singapore. Nike offers custom ‘design-your-own’ shoes in China. thereby making Internet retailing more accessible and accepted. especially when operating costs are going up.2008 RETAIL ASIA-PACIFIC TOP 500 O V E R V I E W THE RETAIL LANDSCAPE IN THE FUTURE Having reviewed key trends and developments affecting retailers in the Asia-Pacific region in 2007. the region’s contribution to global GDP is still expected to remain strong. This will impact retailers to an extent. this year these have been classified under department stores. in the US.MyShape. going for a musical performance. based on Euromonitor International’s latest consumer research. Even in the Philippines. For example. Anti-Fit. music and DVDs. Luxury goods players are already homing in on this with many fashion houses switching their focus away from their traditional markets to cater to the affluent Asian consumer. Asian consumers remain aspirational That said. the Asia-Pacific is home to an increasingly affluent middle class that is eager to improve its life. technological advancements will occur at a faster pace to assuage consumers’ concerns surrounding online fraud. 12 . In Asia. where the impacts of a recession in another economy are felt by the Asia-Pacific countries) looming overhead should the US finally declare a recession. Also. thanks to inflationary pressures. where previously the Aeon Group’s Jusco and Saty have been categorised as hypermarkets. For instance. the classification of a fascia may have changed from past editions of the Retail Asia-Pacific Top 500 due to changes in application of outlet-type definitions. To simplify matters for illustrative purposes. Asian countries while having their fingers burnt in others. a retail store offering customised jeans made its debut in September 2007 where customers can specify fabrics and designs for the perfect pair of jeans. At the same time. In some instances. For instance. More bespoke offerings and solutions Already occurring among bricks-and-mortar retailers. Nowadays. Euromonitor International predicts that Internet retail sales in the Asia-Pacific will reach in excess of US$71 billion by 2012 (fixed ex-rate). what can we expect of 2008 and beyond? Euromonitor International concludes the 2008 edition of the Retail Asia Pacific Top 500 with the following predictions on future developments: The going will get tougher With rising prices and inflation rearing their heads in 2008 and the threat of an “imported recession” (that is. Internet as mainstream Internet is unlikely to go out of fashion given its efficacy in meeting consumers’ demand for convenience. Euromonitor International cannot be held responsible for omissions or errors. it is anticipated that global players will be more keen and willing to learn about and adapt to the local cultures in which they are seeking to reap profits while providing consumers with innovative shopping experiences and products. This move has been adopted in a bid to establish itself in these areas before traditional retailers gain too strong a foothold. As consumers are presented with more options and opportunities to spend their money. it is expected that they will make tough but necessary choices in their purchases. bespoke offerings and solutions remain largely within the arena of traditional retailers. bespoke offerings and solutions are expected to gain prominence in the future and spill over into non-store retailers as well.com facilitate the shopper’s experience by using tools which allows customisation of available selections to the shopper’s individual body shape by storing their basic body measurements. we have to choose from indulging in fine dining. Euromonitor International expects forays into the region by global retailers to be slightly more cautious. or getting the latest swanky mobile phone. in India. As an example. Other emerging economies in the region such as Vietnam are worth keeping an eye on despite the uncertain outlook in 2008. Therefore. Spending becomes increasingly discretionary Retailers will need to contend with the new consumer who will choose what to splurge on and what to save on. we expect emerging markets such as China and India to contribute to a boom in the region’s retail industry. it is expected that shopping will be scaled down somewhat in the Asia-Pacific. based on feedback received from the industry in terms of how these fascias compete in their local markets. Amazon is already in the process of diversifying its product offerings by providing consumers with the opportunity to purchase products ranging from gourmet food to high-definition TVs on top of its core areas of books. given the contentious view that has been taken by some on the advent of modern retailing in the country. Pure Internet retailers like Amazon are expected to diversify in response to online developments by established bricks-and mortar retailers. Sales (local currency and US$) and sales area have been rounded for ease of perusal. including retail outlets specialising in liquor. Visit www. referring to retail outlets specialising in the distribution of books. greetings cards or a combination of these. journals. This excludes specialist retailers of motor vehicles. including stores with a sales area normally from 2. footwear such as dress shoes. selling consumer goods to the general public. in the third quarter of 2007. Where full-year 2007 figures were unavailable from companies and where publicly stated figures are not to the level of detail required in this study. food-service. referring to the space within a retail store used for trading and including sales floor. Hardline stores also have a high level of service or product information made available to customers. vehicle parts. The following three data indicators are presented for the Retail Asia-Pacific Top 500: ■ Retail sales value (excluding sales tax). home furniture and household goods. checkouts. sandals. Information. pumps. ■ Department stores.500sqm. including the 14 Asia-Pacific economies featured. referring to the sale of new and used goods to the general public for personal or household consumption. referring to stores specialising in a particular type of merchandise or single product category of durable goods (that is. house-shoes and slippers. consumer electronics and/or domestic electrical appliances) or a range of normally complementary durable goods product categories. where clothing includes outlets selling articles of dress. high heels. ra For the Retail Asia-Pacific Top 500 ranking. wholesalers. children and infants. with at least 35% of selling space devoted to nongrocery products. jewellery. also known as selling space. Euromonitor International’s sources for its studies of retailing and of specific consumer product markets are summarised below. that is. boots. ■ Sports goods stores. fuel. other leisure and personal goods retailers and other retailers. sports shoes. rental and hire. magazines. referring to retail outlets specialising in the sale of sports and outdoor pursuits apparel and equipment. garments and all clothing for adults.About the 2008 Retail Asia-Pacific Top 500 The Retail Asia-Pacific Top 500. hats and ties. ■ Clothing. Second-hand/used items are excluded. Research for the 2008 edition was conducted by analysts in 52 countries. wearing apparel. including stores with a selling area of between 400sqm and 2. gloves. changing rooms. offices and car parks is excluded.and opinion-gathering bottom-up country-by-country is supplemented by top-down regional and global modelling and analysis. watches. including outlets selling healthcare products. perfumeries selling mainly premium cosmetics and toiletries are also included. retailers were picked from the following countries: ■ AU Australia ■ CN China ■ HK Hong Kong ■ IN India ■ ID Indonesia ■ JP Japan ■ MY Malaysia ■ NZ New Zealand ■ PH Philippines ■ KR South Korea ■ SG Singapore ■ TH Thailand ■ TW Taiwan ■ VN Vietnam Retailers were selected and ranked based on the performance of their fascias for the following outlet types: ■ Bookstores. referring to all small local stores selling mainly groceries open until late at night or even 24 hours a day. The rankings of the top 10 retailers by outlet type were also derived on the basis of these criteria. Department stores are usually arranged over several floors. cash-and-carry outlets and warehouse clubs. Space allocated to warehousing.500sqm. ■ Outlets. selling mainly non-food merchandise and at least five lines in different departments. Frequently on out-of-town sites or as the anchor store in a shopping centre or mall. The leading ten retail companies were selected for each of the 14 economies based on the strength of all their fascias’ operations across all 10 outlet types. which ranks the leading retailers in the Asia-Pacific. ■ Supermarkets. whether prescriptiononly medicines and/or over-thecounter (OTC) health-care products. referring to stores not already in any of the categories aforementioned.com to obtain more details on Euromonitor International’s research methodology. draws from Euromonitor International’s research and analysis of the retail industry around the world. ■ Convenience stores (c-stores). women’s and children’s outdoor and indoor July 2008 Retail Asia 13 .euromonitor. Besides cosmetics and toiletries. estimates have been made based on a variety of sources to produce fully relevant. and accessories includes outlets selling supplementary garments and clothing articles consisting of items such as belts. footwear & accessories stores. areas behind counters and so on. braces (suspenders). referring to stores with a sales area of over 2. comparable data. ■ Health & beauty stores. some household products and services. trainers.500sqm selling at least 70% foodstuffs and everyday commodities. ■ Others. motorcycles. stationery. ■ Retail sales area. ■ Hardline stores. toys & games. scarves. referring to fixed business units that are used principally for retailing. footwear includes outlets selling men’s. ■ Hypermarkets. 861 811.300 732.531 520 101 6.742 8.629.497 ¥ bn 11.503.390 17.380 4.423 1.071.983 3.077 516 510.696 120 418 61.647.827 RMB mn 10.814 1.505.354.559 RMB mn 3.761 ¥ bn 5.045 193 4.303 1.852.911 6.401 10.554 205 2.403 12.602 2.270 3.209.468.200 1.885 7. Footwear & Accessories JP JP JP JP AU AU CN JP JP CN KR JP JP KR JP JP JP AU JP AU JP JP JP KR JP JP JP JP JP AU CN KR JP CN AU KR JP CN AU JP 2006 SALES SALES AREA (sqm) 4. Matsuzakaya IGA Yodobashi Camera Seiyu Best Denki Homeplus Daiei Isetan Bic Camera Kojima Footpark.112 31.310 802.938 10.048 RMB mn 7.162 6.800 3.415 4.000 732.929 1. Sogo Deodeo.732 19.922.374.418 6.092 ¥ bn 4.568 3.183 1. Posful.763 51.196 999.338 Won bn 4.347 3. Wal-Mart Supercenter Harvey Norman Hyundai K’s Denki Auchan.745 13.889 535.070 768.781 12.574 1.660 14.270 480.073 316 1.500 421.606 938.183 9.344 808.054 22.797 A$ mn 3.522 18 863 529.433 2.325 13.897 8.999 3.340.491 10 559 339.000 9.346.988 25 520 141.400 868.009.006.200 435.110 4. et al Aeon Group Seven & I Holdings Seven & I Holdings Edion Corp Woolworths Wesfarmers Gome Electrical Appliances Holding Yamada Denki Lawson Suning Appliance Chain Store (Grp) Shinsegae Department Store Family Mart Mitsukoshi Lotte Shopping Uny Takashimaya AEON Group Wesfarmers J Front Retailing Metcash Trading Australasia Yodobashi Camera Wal-Mart Stores Best Denki Samsung Tesco Daiei.658 18.706 1.088 132 585 585.990 548.917 ¥ bn 11.540 24 784 548.622 ¥ bn 6.667 10.802 20 675 300.520 3.819 3.459 ¥ bn 3.952 8.401 8.708 5. Louis Vuitton.000 515.547 544 652 750.861 9.333 2.252.867 543 8.636 14.591 768.201 ¥ bn 3.642 ¥ bn 3.614.830 1.874 4.474.430 4.110 482.397.849 6.000 53.519 23 7.610 3.377 2.796.906 ¥ bn 17.885 1.000 1.571 193 5.720 3.000 645.204 Won bn 8.285 967.562 A$ mn 4.822 19.237 4.787 3.810 9.082 421.030 190 90 51 83 160 189 11 233 84 1.510 1.519 ¥ bn 21.383.238 3.601 1.726 18.112 642 685 608 4.711 9.651 4.100.203 A$ mn 13.916 1.290 1.827 4.300 1.143 1.476 2.403 770 23.230 10.369 5.156 20.007 2.249 4.249 225 518 512.048 8.404 ¥ bn 5.220 9.413 ¥ bn 4.342 8.926.269. Uniqlo Bunnings. RT Mart Metcash Liquor Givenchy.036 A$ mn 2.100 2.507 A$ mn 3.902 11.705.323 1.349 987 2.659 381.000 941.772 509. Sunkus Takashimaya Kasumi.884 14.771 A$ mn 16.115 1.802 26.161 1.583.240 894.000 2.412 3.902 6.364.843 3.790 29.000 990.603 3.015 111.588 368 23.750 1.758 9.664 209 949 757 742 820 282 8.876 10.000 1.958 2.349 13.851 1.405 983.401 8.787 4.800 478.471 6.967 784 6.599 11.958 4.650 285.529 917.460 1.331 110 32.270 713.000 2.516 15.040 22.475.091.581 1.667.640 2.425 3.077. Yongle Yamada Denki Lawson Suning E-Mart Family Mart Mitsukoshi Lotte Circle K.569 577.797 86.473 8.600 4.920 2.071 10.328 1.378 8.213 1.740 14.632 554.313 8.250.270 3.436 8.230 4.524 96 28.437 1.188.649 7.620 4.923 11 3.848.996 10.500 339.600 905.091 739.553 Won bn 3.275 8. MaxValu Kmart. Coles Gome.235.071.592.887 12.515 4.633 ¥ bn 6.311 18 632 528 24 1.579 ¥ bn 7.890.423 107 8.034 3.386 19. Seibu.709.195 COUNTRY RANKING 01-40 14 Retail Asia July 2008 .844 4.539 2.146 1.126.210 1.538 ¥ bn 4.880 6.532 19 1.206.742 12. Midori Woolworths Bi-Lo.205 10.988 3.520 19.230 1.230 2.032 645 546 478 498 436 4.847.167 Dept Store C-store Dept Store Hardline Supermarket Supermarket Hardline Hardline C-store Hardline Hypermarket C-store Dept Store Dept Store C-store Dept Store Supermarket Dept Store Dept Store Supermarket Hardline Dept Store Hardline Hypermarket Dept Store Dept Store Hardline Hardline CFA* Hardline Hypermarket Hypermarket Dept Store Hypermarket Hardline Dept Store Hardline Hypermarket Others CFA Jusco.005 3.172 6.000 504.232 118 2.970 1.314 464 24. Robinson’s. Kenzo.311 948.696 13.535 7.597 4.642 745 17.628 4.236 1.021 Won bn 7.995 1. Officeworks.000 26.000 1.169 1.590 ¥ bn 9.000 2007 2006 2007 SALES SALES SALES LOCAL SALES SALES PER SQM OUTLETS SALES AREA PER SQM UNIT SALES PER SQM SALES PER SQM (sqm) (US$ mn) (US$) (US$ mn) (US$) 429 2.088 1.735 905.010.500 743.690.214 918 855 798 7.967 8.900 1.000 12.753 7.064 7.611 3.235.546 24.000 1.800 1.610 1.977 6.387 945.454 676 79.223 9.147 ¥ bn 20.137 12. Saty 7-Eleven Ito-Yokado.561 2.563. Eiden.678.000 1.000 31.000 15.819 415 586.626 8.700 1.063 RMB mn 3.000 1.464 11. Target Daimaru.300 3.748.610 1.534 1.163 ¥ bn 3.265 ¥ bn 22.831.209.326.800 9.000 271.700 7.839 644 814 1.697 5.000 36.039 608.669.859 5.166.040 60.768 5.451 14.476 807.660 8.828 14.832 ¥ bn 6.497 1.289 6.838 4.091 6.000 6.313 288 453 590.180 7.010. The Isetan Bic Camera Kojima Fast Retailing Wesfarmers Carrefour (China) Hypermarket Lotte Shopping Uny Wal-Mart (China) Investment Harvey Norman Holdings Hyundai Department Store Gigas K’s Denki Corp Auchan China Metcash Trading Australasia Louis Vuitton Japan KK RETAILING COMPANY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 * Clothing.739 54 3.090 19 232 546 50 146 10 23 226 1.870 8.980 6.549 8.415 31.625 4.829 2.630 11. Harris Technology Carrefour Lotte Mart Apita Trust-Mart.003.644 3.803 1.120 1.218 Won bn 3.859.571 59.679.014.347 912 908.512.319 307.000 ¥ bn 5.382 60.090 529.917 9.951 1.286 8.858 6.042.749 4.941 5.111 RMB mn 2.465 15 23 5.345.228 6.054.370 1.204 130.377 61 4.248 A$ mn 5.429.768 1.200 381.063 801 7.550 58.544 85 475 1.888 753.581 179 30.215 2.317.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 421 11.489.662 12.135 10.600 33.858 14.318 1.264 12.985 12.776 538.267 10.834.108 232 662 1.960.321 4.474.610.892 4.514 15.290 982.590 ¥ bn 5.600 12.466.556 10.725 7.010 999.772 21.429.478 ¥ bn 7.617 1.502 2. 363 4. York-Benimaru New World.052 1.800 1.256 16.090 8.758.807 2.323 14.984 2.760 2.282 2007 SALES SALES AREA (sqm) 518.323 215 33.258 3.177 9.168 9.077 159 197.769 2. CR Vanguard Supermarket Heiwado Tesco Lotus NGS-mart Shinsegae Department Stores Kohnan Onward 2001Outlet.682 6.184 350 347 346 3.702 222 775.The Body Shop.900 3.646 600.869 3.513 22.000 381.426 2.696 2.773 4.018 1.303 1.261 7.082 2.261 11.053.069 273 262 2.013.470 9.794 2.901 7.958 337 337 348 3.010.000 432.819 330 326 325 90.000 146.053 18.500 623.045 1.547 3.345 2.940 567.000 619.444 4.540 676.480 6.593 2.094.306 2.999 17.198 2.393.201 1.457.000 914.180 232.917 8.861 1.330 2.430 295.459 2.221 281 2.491 408.222 2.730.540 436.618 15.211 1.039 845 416 4.104 2.000 986.854 153.271 18.331 1.596 2.903 152 477.025 204 173 152 25 1.511 2.142 6.231.382 2.000 333.080 254 14.000 582.249 11.177 1.400 1.454 101 663.133 8.452 9.608 2.200 4.021.876 2.562 3.414 308.788 2.897 826.597 1.909 2.495 2.825 1.007 2.252 2.820.142 4.896 2.311 1.734 3.320 6.000 254.774. Kahma Cainz Home 7-Eleven Myer CR Sugo.302 370 364 101.717 90 272.150 19.290 3.211 70 610.863 844 788.690 946.621.278 361.000 347. Shimamura Izumiya Maruetsu.732 2.075 90 247.220 1.247 145 272.750 374. The Seven & I Holdings Foodstuffs (NZ) Marui Aeon Group President Chain Store Corp Shimamura Izumiya Maruetsu.706 595.900 4.535.400 1.537.112.580 2.000 24.022.197 2.166 25 290.009 3.562 74 1.693 5.479 3.324.879 2.021 2.860 253.095 2.538 1.289 14.125 578.784 60 1.128 391 387 4.161 2.782 3.179 5.400 273 145 3.468 3. Pak’nSave 101 Sakura Pharmacy.333 157 397.495 2.121.554 98.800 5.587 2.000 23.684 11 762.722 186 466.130 1.033 44 671.146 261 2.212 775.600 203.600 277 900.755 2.892 10.153 2.092 7.293 11.700 262.090 124 26.123.807 1.045.353 88 339.469 751.866 2.573 4.274 2.647 2.000 494.180.606 766 1.990 1.500 7.269 2.380 594.217 2.295 291 290 2.500 243 236 232 2. CR Vanguard Hypermarket 100 Yen Shop Homac.774 3.527 151.234 Supermarket Others Supermarket Supermarket Supermarket Dept Store Health & Beauty C-store CFA Dept Store Supermarket Dept Store Health & Beauty Hypermarket Others Hardline Hardline C-store Dept Store Supermarket Supermarket Hypermarket Supermarket Dept Store Hardline CFA Hypermarket Hardline Others Hardline Hardline Hypermarket CFA C-store Dept Store Hypermarket Supermarket Supermarket Dept Store Others Life Woolworths Liquor Daiei Gourmet City York Mart.642 183.639 209 432.113 8.000 14.536 2.463 944.774 3.190 9.790 11 75 101 71 88 840 405 3.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 194 1.000 317.063 342 129.551 135 375.031 2.376 321.000 159.242 17.001.630 6.797 3.000 783.523 2.693 2.263 2.834 2.530 4.170 1.000 142.371 2.180.899 1.972 379.248 2.693 2.951 4.788 2.604 5.999 3.509 14.000 307.218.000 263.500 276.223 5.120 489.731 2.357 190.249.550 780.183 2.965.896 390 500.000 477.000 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 3.571 297 2.988 8.000.000 1.401.504.383 16.600 886.530 97 72 500 6 210 385 39 287 122 255 823 99 175 1.065 227. et al 7-Eleven Birthday.385 1.036 1.253 513 205.000 1.964 715. Pororoca.070 2.986 1.827 2.658 254 1.560 266.688 9.167 10.440 18.000 2.470 21.086 88 241 136 754 222 2.156 272 17.377 4.000 11.416 17.423.500 COUNTRY RANKING ¥ bn A$ mn ¥ bn ¥ bn NZ$ mn ¥ bn ¥ bn NT$ mn ¥ bn ¥ bn ¥ bn A$ mn ¥ bn RMB mn ¥ bn ¥ bn ¥ bn Bt mn A$ mn RMB mn ¥ bn Bt mn RMB mn Won bn ¥ bn ¥ bn Won bn RMB mn ¥ bn Won bn ¥ bn RMB mn ¥ bn ¥ bn ¥ bn RMB mn ¥ bn ¥ bn ¥ bn A$ mn 41-80 15 Retail Asia July 2008 .970 2.509 2.670 798.850 120.156 2. The Woolworths Matsumotokiyoshi China Resources Enterprise Daiso Sangyo DCM Japan Holdings Cainz CP 7-Eleven Myer China Resources Enterprise Heiwado Ek-Chai Distribution System Bright Foods (Group) Shinsegae Department Store Kohnan Shoji Onward Kashiyama E Land Corp Sanlian Commercial Don Quijote Hi-Mart Komeri Shenzhen A-Best Supermarket World Aeon Group Hankyu Department Stores Inc Shanghai Lotus Smkt Chain Store Tokyu Store Chain Izumi Fuji Wesfarmers RETAILING COMPANY 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 JP AU JP JP NZ JP JP TW JP JP JP AU JP CN JP JP JP TH AU CN JP TH CN KR JP JP KR CN JP KR JP CN JP JP JP CN JP JP JP AU 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 506.471 1.000 14.526 2.269 211.676 209.527 1.215 2.468 2.000 12.018 2.025 3.364 2.064 3.194 12.539 2.942 9.604 1.314 23.731 2.292 313 16.000 18.570 1.113 3.621 2.647 303 87.530 6.798 2.821 200 175.825 467.490 1.327.950 5.867 1.000 308.297 2.028 3.000 2.288 7.222 2.950 578.529 2.875 249 243 237 2.984 3.449 7 923.461 72.075 8.715 333.500 8.073 129.277 2.502.803 1.253 67.132.644 19.360 4. Homever Sanlian Don Quijote Hi-Mart Komeri A-Best Hushush Ministop Hankyu Lotus Tokyu Store Izumi Fuji Coles Group Liquor Life Corp Woolworths Daiei.163 6.360 2.682.480 340 21.293 97.394 3.508 2.582 1.212 6.385 2.361 1.170 33.691 2.539 3.625 3.255 297 262 265 13.728 11.800 10.879 16.330 1.020 894.785 1.549 294 80.192 63 1.480 270 270 266 16.493 101 603.894 5.153 374 323 94.500 801.502 307.064 3.320 974.000 391.185 1.300 2.277 11.678 1.713 379.035 17.776 9.682.148.533 4.363 348 318 300 84.440.843 190.286 2.405 3. Sunday Mart Big W Matsumoto Kiyoshi CR Sugo.823 383 379 4.717 2.142 877.156 1.000 17. 206 3. Priceline Yofuku no Aoyama Aoki Men’s Plaza Amcal.170.882 1.348 ¥ bn 1.555 7.446.071 ¥ bn 1.714 10.185 A$ mn 1.565 1.960 1.290 539.920 7.177.046 2.462 19.407 416 534.283 A$ mn 1.263 2.840 6.723 1.576 1.784 ¥ bn 1.706 3.198 1.435 51.423 3.850 227 188.481 142 142 41.500 ¥ bn 1.188 357.873 173.564 201.038 1.165.462 3.512 Ps mn 1.680 153.462 1.686 76.754 698.760 181 197.000 339.000 170 428.436 9.491 886. Price Attack.177.415 1.732 1.000 172 148.498 3.545 286.096 607.753 173.200 8.041 177 255.695 231.823 20.500 45.400 58. Toys “R” Us GS 25.622 7.240 650.480 607.935 ¥ bn 1.929 430.148 1.849 179 178 1.642 1.486 5.891 11.527 272.605.949 552.910 5.800 51.469 170 1.000 192 354.551 191 190 1.192 885.355 Won bn 1.022 1.796.240. Joy Mart Nitori Tsutaya David Jones Carrefour Mitre 10 Dashang.663 ¥ bn 1.185 1.241 5.950 10.307 9.700 4.667 87.767 5.578 COUNTRY RANKING 81-120 16 Retail Asia July 2008 .605 339.457.616 3.523 NT$ mn 1.719 1.185 26.690 146 146 1. Marks & Spencer.172 1.089 464.155.397 1.000 56.917 462.596 1.550 2.520 9.538 135.000 141.496 9.840 1.245 313 1.229 3.636 203 198 1.510 813.383 767.166 1.783 10.038 20.776 RMB mn 1.713 ¥ bn 1.720 9. Newmart Fe21'.130 426 A$ mn 1.344 9.875 821.313 1.617 5.064 2007 2006 2007 SALES SALES LOCAL SALES SALES SALES AREA PER SQM UNIT SALES PER SQM SALES PER SQM (sqm) (US$ mn) (US$) (US$ mn) (US$) 339.750 375.444 486.361 7.200 1.620 6.400 206 340.450 199 169.226 1. Tesco Okuwa Sundrug Big C Supercenter Tokyu Department Store Shin Kong Mitsukoshi Dept Store (TW) Cawachi Daily Yamazaki Bokwang Family Mart Uny Toys “R” Us Japan GS Holdings Corp Nitori Culture Convenience Club David Jones PresiCarre Mitre 10 Dashang Group Far Eastern Group Australian Pharmaceutical Industries Aoyama Trading Aoki Holdings Sigma Pharmaceuticals Ryohin Keikaku Brilliance Group Mercury Drug Corp Keiyo Retravision Jiangsu Five Star Appliance am/pm Japan Brilliance Group Dashang Group Sugi Pharmacy Sanyo Shokai Korea Agricultural Coop Mktg Danks Holdings Uny Aeon Group Central Retail Corp Dairy Farm International Holdings Hymall 132 488 49 5 13 157 1.492 7.472 1.040 1.038 1.939 1.370 50.707 A$ mn 1.220 1.000 SALES PER SQM OUTLETS 136 474 53 5 13 171 1.010.103 Won bn 1.982 208.846 8.194 ¥ bn 1.532 3.000 1. Wellcome Hymall.599 240.880 401. Hualian GMS Mercury Drug Keiyo D2 Retravision Five Star am/pm Hualian.975.382 73.580 180 370.824 5.250 603.681 4.137.000 12.000 9.000 385.469 330.416 1.939 781.538 1.841 1.790 ¥ bn 1.927 793. Pacific Sogo API Pharmacies.700 84.548 4.365 38 52 710 49 17 645 800 357 695 315 133 672 178 505 150 1.760.964 1.033 429.512 3. Guardian Muji Century Mart.400 91.500 A$ mn 1.380 3.108 3.487 215 59.681 1.924 8.005 Bt mn 1.193 5.000 19.122 5.136 1.463 603.200 572.596 1.352 1.761 5.000 1.330 2.516 143 1.360 82 328 498 20 720 69 54 46 249 46 644.183 9.609 4.584 165 210.854 Won bn 1. Zen.200 2.187 23.678 693.393 ¥ bn 1.220 174 464.686 873.346 3.938 52.927 418.101 ¥ bn 1.447 4.829 RMB mn 1.141 6.395.000 149 278.000 1.003 A$ mn 1.379 1. Robinson ThreeSixty.043 321.234 355 307.191 2.885 767.396 2.876 6.700 10.880 ¥ bn 1.781 370.321 390.385.600 57 164 3.000 58.236 ¥ bn 1.265 8.236 7.435 212 210 1.120 11.228 1.505 149.167.024.681 649.412 ¥ bn 1.654 3.600 308.330 11.418 6.930 476.590 1.000 19.338 1.169 222.340 415.700 1.401 1.500 138 50.903 1.389 4.619 5.002 299.847.100 462.500 158 10.844 12.893 21.430 5.863 178.413 163.276 20.190 1.523 5.038 156 1.541 8.943 357.138 15.392 1.667 10.953 90.843 5.479 NT$ mn 1.271 442.000 6.183 1.741 2.650 RMB mn 1.806 2.576 4.647 4.571 1.780 2.283 9.205 3.307 9.585 1.478.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) Supermarket Health & Beauty Hypermarket Dept Store Dept Store Health & Beauty C-store C-store Others Others C-store Hardline Hardline Dept store Hypermarket Hardline Dept Store Dept Store Health & Beauty CFA CFA Health & Beauty Others Hypermarket Health & Beauty Hardline Hardline Hardline C-store Supermarket Hardline Health & Beauty CFA Hypermarket Hardline Supermarket Hardline Dept Store Supermarket Hypermarket Okuwa Sundrug Big C Tokyu Shin Kong Mitsukoshi Cawachi Daily Yamazaki Family Mart Uny Babies “R” Us.142 5.238 1.431 397.162 52.504 9.456 8.200 67.280 224 221.207 215.475 9.700 465.270 54.669 7.874 5.904 1.800 8.412 1.889 419.651 1.240 23.000 39.273 2.259 649.140 1.181 1.307 2.545 917.650 46.891 1.651 RETAILING COMPANY 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 JP JP TH JP TW JP JP KR JP JP KR JP JP AU TW AU CN TW AU JP JP AU JP CN PH JP AU CN JP CN CN JP JP KR AU JP JP TH HK CN 2006 SALES OUTLETS SALES AREA (sqm) 212 329.000 ¥ bn 1.227 NT$ mn 1.690 1.800 4.970 787.000 1.000 1. Lianhua Supermarket Dashang Sugi Pharmacy Sanyo Hanaro Club Danks U-Store Home Wide Central.179.000 26.000 2.935 1.203.923 RMB mn 1.619 RMB mn 987 2.000 133 218.277 3.090 173.555 75.281 4.299 189.137 490.809 ¥ bn 1.839 3.300 1.462 Bt mn 1.554 4.000 1.517 375.516 RMB mn 1.640 8.491 6.268.948 10.621 1.282 603.153 HK$ mn 1.669 1.696.716 197.567 190.795 176 11.688 152 460.450 56 167 2.317 37 47 704 46 17 704 800 345 656 296 124 504 184 485 133 1.183 378.277 2.659 135.196 10.040 220 90.551 1.182 1.354 1.520 1.915 ¥ bn 1.496 97 361 520 20 630 73 49 46 252 56 221 217 63.911 1.236 136.291 828.615 3.206 2.318 1.518 3.525 212.868 381.110 1.538 ¥ bn 1.304 44. 285.412 1.000.490 284 305.165 23.973 11.498 866 8.000 372.667 464.995 229. The Wuhan Zhongbai Group NTUC Fairprice Co-operative Tsann Kuen Enterprise Wow (NZ) Supermarkets RT Mart Taiwan Uny Parkson Retail Group CFS Corp Mega Sports Symbion Health Fletcher Building Watson (Group) HK.696 532.303 274.100 1.000 13.960 776 6.670 998.000 86.245 121 7.725 866 2.800 7.620 368.545 57 46.843 679 8.980 175.080 24.354 69 306.797 826 2.171.379 945 5.245 38 248 73 311 56 44 145 8.783 880 2.572 124 8.068 340 69.500 101 6.800 11.487 880.050 1.949 751 12. Suzutan Parkson HAC The Sports Authority Symbion Health’s Pharmacies PlaceMakers ParknShop Seiyu SSV.042 3.995 1.670 872 2.207 6.178 28.245 91 87 836 117 1.480 89.538 26.940 322.200 22 128.206 828 6.000 189.397 789 3.678 24.030 104 1. Victoria.000 887.100 116 7.496 1.799 773 2.500 49.475 903 1.500 139.691 4.160 147 8.491.000 6.231.970 957 495.967 881 3.712 769 8.694 1.468 897 1.904 1.589 890 12.589 29.091 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 1.000 406.000 466.628 431. The Drug Seims Gourmet.381 1.400 1.624 138.417 1.359 28.000 596.691 127 7.404 758 8.296 985 7.000 136.691 26.455. The Emporium.627 1.768 98 92 980 996 4.911 5.194 20 269.341 2.670 142.000 11.266 14.703 58 362.108 779 3.823 909 12.680 888 448. The Mall Wuhan Zhongbai NTUC FairPrice Tsann Kuen 3C Woolworths RT Mart Molie.000 175.640 544.934 136 1.554 264 222.857 963 7.000 88.171 33 2.270.600 258.312 77.150 195.667 646 5.200 1.898 995 3.824 1.491 404.396 1.141 863 2.600 9.778 53 86.275 368.117 878 10.297 875 6.708 88 Dept Store Sports Goods Dept Store Health & Beauty Supermarket CFA Hypermarket Hardline Bookstore Dept Store Supermarket Hypermarket Health & Beauty C-store Dept Store C-store CFA Others Hardline C-store Hardline Supermarket Supermarket CFA Hardline CFA Dept Store Hypermarket Supermarket Hardline Supermarket Hypermarket CFA Dept Store Health & Beauty Sports Goods Health & Beauty Hardline Hypermarket Supermarket Shanghai Hualian.525 901 2.607 1.000 11.026 79 6.754 590 3. Gap B&Q E Land. Palemo.790 328.787 1.100 653 113.514 79 77.485 205 131.202 744 1.057 905 4.425 976.824 832 30.000 56. Great.000 105.500 552.264 236 133.240 7.334 1.012 330 15 237 812 318 67 360 105 57 4.004.081 7.393 880 1.937 223 100.174 1.948 360 200.472 1.000 317.034 9.000 153.400 1.026.960 1.029 118 7.185 14.667 404 60.000 24.780 1.141 112 6.764 1.343 110.656 1.463 935 6.000 136. Shanghai No.130 144.096 5.452 38 132.826 25.350 553. et al L Breath.040 71.600 6.000 86.019 2.369 756 7.272 848.034 3.378 831 30.401 6.300 31.013 943 3.800 9.200 421.093 111 111 869 110 1.929 852 18. Victoria Golf.635 1. Sagami.1.622 870 2.704. Sunny Brilliance Group Xebio Warehouse Group.997 780 3.888 275.000 1.114 3.008 1.000 50.468.120 12.037 20.205 934 12.997 112.382 1.562 62 421. Tandy Daimaru Peacock FoodWorks Banana Republic.477 1.950 14.081 8. Xebio Warehouse.714 COUNTRY RANKING RMB mn ¥ bn NZ$ mn ¥ bn HK$ mn ¥ bn RMB mn A$ mn ¥ bn RMB mn NT$ mn Rp bn ¥ bn RMB mn RMB mn NT$ mn ¥ bn ¥ bn Won bn ¥ bn A$ mn ¥ bn A$ mn ¥ bn RMB mn Won bn Bt mn RMB mn S$ mn NT$ mn NZ$ mn NT$ mn ¥ bn RMB mn ¥ bn ¥ bn A$ mn NZ$ mn RMB mn ¥ bn 121-160 17 Retail Asia July 2008 .345 1.363 898 5.000 99.250 72.760 14.037 806 5.013.700 1.323 898 8.220 239.246 959 2.144 2.932 91 2007 SALES SALES AREA (sqm) 609. ParknShop.750 3.660 306 128.082 12.724 17.326 28.643 105 5.652 1.930 1.003 132 545.617 35.869 827 5.345 7. Taste Sanei Renrenle JB Hi-Fi Book Off Wangfujing PX Mart Carrefour Create Super Drugstore 7-Eleven Chongqing Dept Store.930 682.004 11.158 8.477 818 9.487 76 323.520 723 815 854 854 845 5.000 848.197 242 89.400 6.000 177.039 125 1.105 95 89.500 97 97 979 1.000 35.000 3.800 2.495 43 143.599 82 84.468.630 32.405 8 534.562 78 375.380 12. New Century Family Mart Right-On Tokyu Hands Digital Plaza Poplar Dick Smith Electronics.102 107 1.082 106 6.385 12.000 19 135.185 3.534 816 10.743 798 1.928 1.106 1.003 1.119 2.242 15.081 1.767 61 190.062 12.000 14.528 76.478 98.828 919 7. AS Wal-Mart Stores RETAILING COMPANY 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 CN JP NZ JP HK JP CN AU JP CN TW ID JP CN CN TW JP JP KR JP AU JP AU JP CN KR TH CN SG TW NZ TW JP CN JP JP AU NZ CN JP 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 609.757 6.223 8 85 80 196 63 23 1.467 51.548 11.570 968.507.434 738 9.000 14.903 875 3.000 332.500 7.303.730 70.565.910 527.082 121.338 782 4.330 272.511 939 13.159 23 190.015 7.401 816 2.000 17.625 1.992 1.000 413.398 895 2.368 184 436.050 105.556 823 3.319 965 6.031 2.875 67. E Land World Paragon.526.920 375.748 856 4.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 22 173 83 266 224 880 52 72 886 17 320 29 198 1.300 28.132 102 6.527 800 1. The Fuji Yakuhin AS Watson Group Sanei International Shenzhen Renrenle Chain Commerce JB Hi-Fi Book Off Beijing Wangfujing Department Store Chyuan Lien Enterprise Carrefour Indonesia Create Super Drugstore Seven-Eleven (Beijing) Chongqing General Trading Group Taiwan Family Mart Right-On Tokyu Hands Living Plaza Poplar Woolworths J Front Retailing Australian United Retailers Gap (Japan) KK Shanghai B&Q Decorative Bldg Mats E Land Corp Mall Group.246 888.732 726 1.556 132 8.289.254 997 2.905 37 167.500 635.000 238.231 1.353 373 81. 950 8.303 15.860 12.060.220 94.007 566 56.287 15.638 615 1.050 704.400 3.449 287.978 66.264 807 79 78 78 22.250 31 581 143.061.824 699 6.500 9.419 986 751 65.071 85 32.859 510 864 654 928 653 1.769 200.664 755 3.868 864.000 1.963.747 563 1.770 653 1.134 696 90 2.938 5.176 554 1.068 2. Xtra Supercentre Beijing Hualian SM Department Store Hiplaza Sofmap 7-Eleven Liqun Jaya Jusco Drug Segami.317 566 8.132 692 5.000 13.331 33 4.517.447 571 10.148 11.950 10.000 10.240 276.697 612 5.000 91.704 208 628 RETAILING COMPANY 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 JP MY CN PH KR JP KR CN MY JP KR AU PH CN TH AU JP JP JP TH NZ JP AU KR CN HK NZ IN JP KR JP JP JP JP CN MY ID ID AU AU 2006 SALES SALES OUTLETS SALES AREA PER SQM OUTLETS (sqm) 90 239.926 10 1.244 4.927 5.174 558 2.901 48 76 136.249 699 12.290 627 10.000 47.332 207 76 489.408.050.550 1.337 26.476 602 9.057 375.241 80 802 53.510 1.607 890 76 771 587 4.440 602 584 108.500 39.609 553 5.375.077 300 1.822 81 215 60 42.463 704 7.000 107.243.843 692 6.000 5.230 82.260 23.613 98.354 4.409.000 66.964 608 2.372 342 1. New World Central Food Hall.336 645 1.160 71 560 70 69 67 67 4.134 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 772 3.015 658 654 2007 SALES SALES AREA (sqm) 252.000 183.073 92.934.758 445 2.270.615 642 9.753 500.800 109.401 104.800 4.324 218.031 5.251 563 2.410 198.131 691 1.471 83 650 839 31.681 21 86 99.690 357.836 659 4.426 65 21.477 602 7.430 122.000 5.510 82 3.010 96 811 160.938 482 28.506 32 661 106.944 319 646 116.812 664 5.326 4.333 13 3.269 688 86 680 5.502 36 2.355.100 6.062 58 13.039 642 3.555 522 2.184 90.428 122.035 6.235 731 4.025.564 9.570 66.189 9.387 107.172.731 85.930 13.781 658 4.597 5. Tesco Extra Matahari Department Store Alfamart Betta Electrical.498 740 6.200 604 575 603 568 580 7. Chandlers OPSM Mr Max Corp GCH Retail (M) Beijing Hualian Group Investment Holding SM Investments Corp LG Group Sofmap Korea Seven Liqun Group Aeon (M) Segami Medics GS Holdings Corp Caltex Australia SM Investments Corp New World Department Store Central Retail Corp Interfrank Group Holdings All Spar Japan Tobu Stores Kinokuniya Cencar Mitre 10 New Zealand Aeon Group Wesfarmers GS Holdings Corp Ito-Yokado Dairy Farm International Holdings Farmers’ Trading.119 572 11.351 204.888 648 20.220 49.500 1.060.020 160.534 548 7.748 669 7.360 545 2.000 314. The Pantaloon Retail India Can Do Seowon Distribution Aeon Group Tower Records Japan ZiP Drug Loft Far Eastern Department Stores Tesco Stores (Malaysia) Matahari Putra Prima Sumber Alfaria Trijaya BSR Australia Luxottica Australia 42 24 75 29 188 25 1.345 677 5.770 155.900 543.680 159.044 588 57.280 9.147 624 1.680 14.682 515 12.783 743 1.911 611 3.800 263.876 292 3.944 726 2.475 14.606 165 66 10.385 674 5.663 25 786 590.884 481 1. SM Ba Li Chun Tian.816 673 4.090 229.921 12.664 632 6.354 175.000 403.150 13.116 1.329 14.441 23 5.000 28.252 732 18.409.412 36 3.891 830 25.675 34.200 5.641 23 4.016 28 21.039 558 2.514 7.000 193.935 800 805 198. Segami Pharmacy GS Supermarket Star Mart Save More.138 746 1.073 680.887 190 75 32.969 472 1.636 6.600 7.200 867.857 841 554 77.800 4.000 2.229 565 5.970 8.670 11.500 114.814 667 5.263 155.572 114. Tops Franklins Spar Tobu Store Kinokuniya Carrefour Mitre 10 Blue Grass Coles Express GS Mart Ito-Yokado Superstore 7-Eleven Farmers Big Bazaar Can Do 100 Yen Shop Top Mart Yamaya Tower Records Zip Drug Loft Pacific Sogo Tesco.528 572 11.000 66.000 59.424 728 77.434 55.697 1.900 204.098 12 4.858 6.405 408.340 97.946.760 270.099 195 78 114.765 675.530 6.000 155.830 88.374 188 590 188.000 15.560.634 610 3.000 562.154 356.000 1.640 9.400.175 50 70 66.204 705 7.470 79.750 562.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) Others Hypermarket Hypermarket Dept Store Hardline Hardline C-store Hypermarket Dept Store Health & Beauty Supermarket C-store Supermarket Dept Store Supermarket Supermarket Supermarket Supermarket Bookstore Hypermarket Hardline CFA C-store Hypermarket Hypermarket C-store Dept Store Hypermarket Others Supermarket Others Hardline Health & Beauty Others Dept Store Hypermarket Dept Store C-store Hardline Health & Beauty Mr Max Giant.059 548 7.595 558 1.450 29 16 327 88 488 28 27 94 79 197 48 57 24 202 987 597 15 8 747 58 41 832 47 164 80 32 9 11 84 1.600 152.787 1.460 2.606 6.973 1.134 224.203.640 208.000 901.610 4.207 574.611 COUNTRY RANKING ¥ bn RM mn RMB mn Ps mn Won bn ¥ bn Won bn RMB mn RM mn ¥ bn Won bn A$ mn Ps mn RMB mn Bt mn A$ mn ¥ bn ¥ bn ¥ bn Bt mn NZ$ mn ¥ bn A$ mn Won bn RMB mn HK$ mn NZ$ mn Rs mn ¥ bn Won bn ¥ bn ¥ bn ¥ bn ¥ bn RMB mn RM mn Rp bn Rp bn A$ mn A$ mn 161-200 18 Retail Asia July 2008 .230 768 3.810 300.309 3.287 740 7.770.540 70.470 403.919 5.360 80.521 548 1.578 655 2.284 1.547.449 609 4.773.988 80 70 1.130 260.367 718 2.000 9.000 85.417 604 11.139.050 95.068 79 82 91.719 430 3.900 490.643 44 2.523 2.065 5.045 920.800 357.120 594 9.524 631 3.102 11.043.000 55.027 350.048 235.200 650. 125 944.561 2007 SALES SALES AREA (sqm) 52.932 971.300 58 50.000 100.500 34.756.558 463 8.500 71.500 45.000 356.130 127.316 151.914 14.131 244.640 464 34.513.532.000 48 212.769 5.378 46.857 174 241 288 10 478 225 22 254 4 60 430 17 1.290 1.953 3.354 386 1. et al Wuhan Zhongbai Giant Coach Japan Bright Foods (Group) Watson (Group) HK.559 15.092 24.698 10.949 1.605 COUNTRY RANKING ¥ bn RMB mn RMB mn NT$ mn Won bn A$ mn ¥ bn Rp bn ¥ bn NZ$ mn ¥ bn A$ mn NT$ mn ¥ bn RMB mn Bt mn RMB mn A$ mn ¥ bn Won bn ¥ bn Won bn A$ mn RMB mn RMB mn ¥ bn Rp bn Rp bn NT$ mn ¥ bn A$ mn RM mn ¥ bn ¥ bn Ps mn NT$ mn HK$ mn RM mn RMB mn Rp bn 201-240 19 Retail Asia July 2008 .513 444. New Century 7-Eleven Yurindo Lotte Super Kokumin Buy the Way Millers Orient Home adidas .036 473 4.592 104.000 621 132.100 224.850 404 5.581 165.627 2.429 495 1.000 164.535 412 7.598 184.769 19.626 120.845 15.180.797.900 12.400 47 50.300 144.417 11.467 470 1.197 1.000 181 837 98 215 24 351 88 15 410 5.792 13.699 11.688 21.145 226.224 492 1.412 13.090 155.480 441.305. Power CBEST.880 2. Daphne.519 10.000 57.024.230.974 448 9.595 5.941 24.009 416 13.478 418.692.905 395 2.295 51 3.054 3.702 163.886 440.750 145.150 58 3.320 119.432 145.961 210.693 491 3.362 46.000.442 447 11.640 104.000 14.703 166.160.090 349 10.650 346 16.367.000 3.452 441 2.580 406 72. Mac-House Li Ning Home Pro. Kedi Watson’s Your Personal Store Hi-Life Ministop Freedom Seria 100 Yen Shop Ramayana Nihon Chouzai Harvey Norman Haruyama Spotlight Géant Goalway.100 1.000 45 81 366 40 70 202 1.927 481 2.382 535 3.575 556 54 426 53 413 527 3.942 15.278 RETAILING COMPANY 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 JP CN CN TW KR AU JP ID JP NZ JP AU TW JP CN TH CN AU JP KR JP KR AU CN CN JP ID ID TW JP AU MY JP JP PH TW HK MY CN ID 2006 SALES OUTLETS SALES AREA (sqm) 59 50.228 200 241 311 13 479 236 22 266 4 72 550 20 64 4.810 2.683 10.900 48 32.146 544 10.660 389 2.000 2.000 215.254 414 1.940 165.206 17 27 1.075 49 501 1.766 499 9.000 2.119 6.000 54.000 3.752.235 486 627 61 4.700 13.469 406 8.429.710 306.Original Collection.800 346.176 488 48.491 5.795 444 6.000 60.237 2.015 394 892 338 2.130 1.858 245 1.134 488 2.170 476.900 70.190 372 4.747 61 683 58 591 16.120.261 962 183 817 93 200 22 350 88 14 473 4.233 472 1.138 162.954 146.361 1.100 195.097 3.560 1.540.250 1.130 46.592 463 12.792 346 8.105 399 1.350 17.391 436 1.640 37.000 59 355.994 429.103 417 11.000 452 96.515 188.779 310 1.450 52 37.972 6.101 4.000 215.700 1.358.000 66 268.300 622 311.090 17.885 458 5.478 6.780 5.000 3.076 263.038 17.184 185.439.159.461 432 2.670.693. Giant Superstore.180 207.013 433 12.000 3.721 4.200 21.800 86.092 1.818.397 428 1.397 396 18.088 137.780 57 10.000 232.305 416 3.580 79.300 379 5.664 399 9.139 92.749 510 4.674.000 5.145 94.021 377 1. AS Hi-Life International Ministop Korea Freedom Group Seria Ramayana Lestari Sentosa Nihon Chouzai Harvey Norman Holdings Haruyama Business Affairs Spotlight Stores Far Eastern Géant Mac-House Li Ning Home Product Center Chongqing General Trading Group 7-Eleven Stores Yurindo Lotte Shopping Kokumin Buy the Way Specialty Fashion Group Orient Home Prime Success International Group Queen’s Isetan Matahari Putra Prima Indomarco Prismatama Dairy Farm International Holdings Shinseido Strasburger Enterprises (Properties) Carrefour Magnificent Diagraph Sazaby League Bunkyodo Rustan Group of Cos E-Lifemall Corp Lane Crawford International GCH Retail (M) Wuhan Zhongbai Group Hero Supermarket 100 2. et al Queen’s Isetan Hypermart Indomaret Wellcome Shinseido Quix Food Stores Carrefour Sazaby Bunkyodo Rustan’s Supermarket Fresh.198 6.697 67.181 312 3.079.658 104.634 342 1.166 161-200 572 2.294 306.000 238.000 547 54.500 1. et al E-Life Mall Lane Crawford Cold Storage.892 10.134 15.091 1.618.000 3.507 393 8.360 3.431 49 47 18.331 439 5.506 523 1.754 518 48.000 18.000 149.293 3.950 307.837 428 2.948 402 1.221 248.913 433 2.300 10.183 469 1.130 42.384 18 32 2.458 507 1.337 67.438 22.751 6.226 425 5.721 337 2.805 12.497.100 58 1.419 4.739 39.190 403 3.050 442.000 54 37.303 1.326 409 2.167 519 1.915 523 5.656 397 5.096 127.650 16.900 50.372 6.816.000 3.076 66.000 4.070 SALES PER SQM OUTLETS 103 3.000 386 69.333 41 66 363 40 54 222 991 687 24 2.900 524 5.699 495 495 521 509 489 1.118 414 8.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) CFA C-store Health & Beauty C-store C-store Hardline Others Dept Store Health & Beauty Hardline CFA Hardline Hypermarket CFA CFA Hardline Supermarket C-store Bookstore Supermarket Health & Beauty C-store CFA Hardline CFA Supermarket Hypermarket C-store Supermarket Hardline C-store Hypermarket CFA Bookstore Supermarket Hardline Dept Store Supermarket Supermarket Hypermarket Coach HD/Alldays.194 247.417 12.000 579 356.093 159.345 539 2.304 3.898 459 12.889 85.288 417 11.730 494 85.383.027 351 1.673 5.538 4.900 37.099 362 823 434 912 291 1.660 16.764 1.250 335 1.000 4.065 13.511 12.000 3.200 356.988 8.061 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 507 10.270 1.715 5.050 502 3.787 23.020 729 26 3.000 37.039 59.000 348.415 531 8.150 322.037 1.724 11. 327 3.830 22.410 336 1.870 5.340 9.000 48.094 19.820 6.610 39.014 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 340 2.240 79.090 34.194 352 4.030 11. The Adani Supermarket.010 COUNTRY RANKING 2007 SALES PER SQM OUTLETS 72 68 76 442 1.056 276 1.730 38.484 411 4. Newmart Jusco BP Baleno LBX Tanishq.500 54.200 74.031 341 110.386 123 315 SALES 2.916 12.900 3.400 42 469 414 11.000 11.299 41 1.850 401 39 397 2.960 379 4.546 7.591. LG Shoppe Carrefour Clive Peeters Kyobo Sa Sa Plaza Fajar DS.500 449 15.888 15.720 9.677 6.873 356 8.712 301 2. SM Homeworld Xinhua Bookstore BP Chow Sang Sang Sogo Nike Hot Spar Crazy Clark’s Warehouse. The Store Woolworths Petrol Plus Intime Kimisawa Four Square.737 304 4. Reliance Fresh Rebel Sport Himaraya Bakers Delight Dashang.570.191.745 245 2.070 32.619 11.491 374 18.750 29.532.464 20.700 10.290 302 6. On the Spot Colorado CP Fresh Mart HomeWorks.660 157.090 7.457 348 38.472 22.000 8.888 375 9.555.963 20. The Reliance Retail Rebel Sports Himaraya Bakers Delight Holdings Dashang Group Aeon Stores (Hong Kong) BP Oil New Zealand Texwinca Holdings Hunan LBX Pharmacies Chain Titan Industries RETAILING COMPANY 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 CN JP SG CN IN AU IN JP AU KR HK JP MY AU CN JP NZ AU TH TH CN PH CN AU HK HK KR JP AU AU IN AU JP AU CN HK NZ CN CN IN 2006 SALES SALES AREA (sqm) 123.474 11.300 88.964 215.509 431 1.734 271.597 417.763 383 2.888 319 4.455 23.000 80.981 1.090 38.575 1.868 160.464 359 13.557 59.556 33 1.654 15.424 335 3.854.117 340 3.226 337 1. Milimewa.296 98 290 2.645 15.263 305 40 403 479 1.800 92.607 340 8.000 88.257 12.601 410 2.652 394.143 382 29.052 312 4.991 13.264 332 2.455 18.550 2.805 69.800 30.720 76.080 20.198 3.000 57.301 1.480 256.582 417 2. World of Titan Wumart Stores HMV Japan Dairy Farm International Holdings Shanghai Yuyuan Tourist Mart Subhiksha Trading Services Electronics Boutique Australia LG Electronics India Aeon Group Clive Peeters Retail Kyobo Book Centre Sa Sa International Holdings Plazastyle Corp Store Corp.940 321 2.200 15.000 238 165 7 38 15 56 67 70 371 7 25 199 435 202 80 28 78 375 275 48 2 400 510 283 103 325 74 71 700 20 6 186 3.927 6.860 17.836 298 16.774 24.997 355 4.560 18.875 361 13.429 380 4.900 96.804 5.095 331 6.548 366 4.300 10.846 11.803 764.422 347 10.242 403 2.200 31.391 273 6.038 357 960 314 7.505 1.094 17.000 26.033 3.657 40.454 347.630 139. First Asia Subhiksha Electronics Boutique LG Cyber Shoppe.121 720.086 3.900 38.354 8.814 324.994 2.323.058 343 7.808 10.608 341 10.888 334 2.965 320 9.888 365 33.710 42 564 2.800 30.727 260.300 77.000 103.231 29.837 12.551 164.312 361 1.704 279 102.909 3.412 2.231 291 7.507 263.353 340 6.824 8.560 441 2.990 7.729 242 4.600 68.710 69.953 2.250 88.339 310 10.800 110.230 44.301 10.670 153.470.621 298 1.370 21.803 747.817 360.038 39.519 166.880 Supermarket Hardline Supermarket Others Supermarket Hardline Hardline Hypermarket Hardline Bookstore Health & Beauty Others Dept Store C-store Dept Store Supermarket C-store CFA Others Hardline Hardline Hardline Bookstore C-store Others Dept Store Sports Goods C-store Others Dept Store Supermarket Sports Goods Sports Goods Others Hypermarket Dept Store C-store CFA Health & Beauty Others Wumart HMV Japan Cold Storage.014 3.577 RMB mn ¥ bn S$ mn RMB mn Rs mn A$ mn Rs mn ¥ bn A$ mn Won bn HK$ mn ¥ bn RM mn A$ mn RMB mn ¥ bn NZ$ mn A$ mn Bt mn Bt mn RMB mn Ps mn RMB mn A$ mn HK$ mn HK$ mn Won bn ¥ bn A$ mn A$ mn Rs mn A$ mn ¥ bn A$ mn RMB mn HK$ mn NZ$ mn RMB mn RMB mn Rs mn 241-280 20 Retail Asia July 2008 .140 9.443 2.922 355 2.657 2.217 328 3.889 1.880 33.830 173.900 110.182 7.094 297 2.955 2.586 360 3.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 67 60 75 370 450 191 145 8 34 13 48 64 72 363 5 24 197 431 195 77 27 79 368 272 43 2 352 518 275 122 76 73 67 640 17 7 157 3.489 2.499.273 152 3.740 81.950 74.742 303 9.000 41.571 413.500 2.890 97.033 288 2.527 333 3.060 90.700 42 479 422 12.070 49.870 86.291 361 34.584 372 2.328 541.581 738.929 335 3.628 1. The Woolworths Intime Department Store (Group) CFS Corp Foodstuffs (NZ) Colorado Group Charoen Pokphand Foods Central Retail Corp Brilliance Group SM Investments Corp Zhejiang Xinhua Bookstore BP Australia Group Chow Sang Sang Holdings Intl Lifestyle International Holdings Nike Sports Korea Hot Spar Convenience Networks Discount Variety Group Warehouse Group (Australia).862 320 2.889 239 7.378 2.042 281 1.630 375 4.000 247.061 347 1.506 353 12.123 303 1.513 8.988 396.091 157.000 27.229 329 2.590 371.587 307 31.620 342 1.227 427 2.737 2.550 269.494 48 389 320 2.864 343 6.400 48.556 258.438 13.462 310.816 42 1.930 103.070 55.470 131.176 528.164 2.872 87.930.759 792.602 293 15.881 20.472 21.050 159.412 352 5.834 2.470 43 437 336 2.655 316 40 405 403 13.817 350 3.750 1.000 49. Power Buy Homemart Our Home.570 1.724 361 3.500 255.510 415.912 45 574 2.682 367 4. Shop N Save Laomiao.600 31.370 102.780 3.500 12.977 3.460 18.892 297 1.648 364 17.494 395 35 363 1.700 100.035 272 8.000 130.810 144. SM Appliance.215 SALES AREA (sqm) 132.735 296 33.721 196.640 15.845 859.700 90.513 281.963 324 5. 951 271 8.146 460 368 829 10.700 15.335.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 28 34 48 36 11 1.360.000 57.919 297 3.630 509.725 1.608 55.231 1.850 118.956 224.170 112.818 78.700 8.400 93.857 2.380 91.992 38.994 338.039 257 1.600 51.901 1.374 2.746 263.445 313 3.437 201.452 22.383 318 4.000 20.000 97.380 2. The Guangzhou Friendship Store China Rebar Toho Hanshin Department Store Sanseido Aeon Group Mustafa Holdings Beijing Hualian Group Invm Holding Samart I-Mobile Shenzhen Nep-Star Medical AmorePacific Corp Liaoning Cheng Da Fang Yan Drugstores Chongqing Tongjunge Drugstores Wesfarmers Robinson & Co Pertama Holdings Shanghai New World RETAILING COMPANY 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 JP JP CN TW AU TW CN HK KR CN TH MY SG SG CN HK TH CN HK AU JP NZ AU CN TW JP TW JP JP SG CN TH CN KR CN CN NZ SG SG CN 2006 SALES SALES AREA (sqm) 66.300 247.590 551.950 8.465 114.395 97.108 114. Hue Place.316 78.562 2.898 RMB mn 209 2.680 14.178 89.436 ¥ bn 272 2.904 300 240 869 10.890 232.000 55.098 A$ mn 181 3.267 815 10.340 264.453 308 3.200 7.410 Bt mn 226 14.536 35.752 8.000 10.050 203 571 1.607 1.591 224.762 5 9.610 567.685 13.548 NZ$ mn 213 1. Marks & Spencer.900 3.760 19.941 20.319 250 2.000 20.100 20.798 301 15.137 361 281 15 2.160 234 588 1.086 306 3.000 29.500 135.860 RMB mn 221 3.051 250 2.740 Bookstore Bookstore Hypermarket Hardline Others C-store CFA C-store CFA Hypermarket Others Dept Store Supermarket Dept Store CFA Supermarket C-store Hardline Health & Beauty Hardline Supermarket Hardline Others Dept Store Dept Store Supermarket Dept Store Bookstore Bookstore Dept Store Dept Store Hardline Health & Beauty Health & Beauty Health & Beauty Health & Beauty Hardline Dept Store Hardline Dept Store Junkudo Maruzen Jusco B&Q Angus & Coote Circle K Jeanswest Circle K LG Fashion Wumart 108 Shop Parkson Grand Sheng Siong Takashimaya Metersbonwe CRC Tesco Lotus Express Home Depot GNC.781 HK$ mn 295 3.460 37 328 14 353 12 305 1 1.000 176.800 9.614 55.700 102. Mannings Brazin Entertainment Tsurukame Land 100% Your Electric Store Reject Shop.297 267 2.788 12 2.000 80.741 12 1.411 305 4.764 261 4.000 96.086 299 1.143 15.775 3.703 270 11.577 Won bn 294 1.615 Won bn 213 4.776 74.458 ¥ bn 282 11.055 S$ mn 235 16.513 84.562 15.415 68.150 422.800 119.898 38 338 15 374 14 372 1 1.062 252 4.211 RMB mn 183 740 249 948 218.098 143.690 73.255 33 1.000 SALES PER SQM OUTLETS 31 37 47 37 14 2.426 4.872 Bt mn 241 3.685 RMB mn 208 2.793 9.831 251 2.076 107.500 1.612 20.070.921 19.670 5.470 554.687 115.674 46 31 1 8. Robinsons Harvey Norman Shanghai New World Junkudo Maruzen Aeon (China) Test Rite Group Angus & Coote (Holdings) Circle K CVS (Taiwan) Glorious Sun Enterprises Convenience Retail Asia LG Group Wumart Stores ICC International Parkson Corp Sheng Siong Supermarket Takashimaya (Singapore) Metersbonwe Group China Resources Enterprise Ek-Chai Distribution System Home Depot.138 38.030 98 2.590 10.118 69.615 A$ mn 244 6.834 ¥ bn 307 3.592 ¥ bn 253 1.975 Bt mn 178 3.378 22 10.787 HK$ mn 263 4.857 NZ$ mn 159 5.000 18.025 312 1.836 259 18.975 39.390 90.300 146.134 32 940 16 371 1 435 1.149 RMB mn 257 2.443 40.895 262 6.700 4.848 S$ mn 192 12.494 5.745 400.466 3.183 S$ mn 274 9.000 15.522 302 2.037 1.000 58.677 NT$ mn 273 6.500 71.015 19 445 1 440 1.542 2.873 248 6.000 104.682 295 9.112 36.852 132.320 124.598 NT$ mn 335 3.955 NT$ mn 316 4.780 39.009 4 8.055 104.000 73.904 5.031 249 1.700 21.878.814 3.700 100.700 2.000 25.525 20.000 61.017 21.127 RMB mn 255 2.000 19.274 259 2.043 270 324 48 33 80 246 122 268 4 1.423 HK$ mn 275 14.920 1.425 264 2.360 15.180 1.840 52.212 91 2.424 18.505 2.231 252 1.242 247 13.742 A$ mn 202 2.438 22 10.107 17.940 224.950 1.172 260 325 47 32 117 363 140 318 4 2.054 264.325 87.690 267 6.520 294.973 33.996 8.529 RMB mn 188 1.100 24.303 ¥ bn 292 4.375 COUNTRY RANKING 281-320 21 Retail Asia July 2008 .006 1.000 1.450 292 10.000 724 9.412 4.636 74.290 29.500 32.144 73.590 9.500 1.700 89.191 18.297 1.118 284 3.961 216.737 278 4.955 401 8.291 245 6.644 25.100 28.919 257 16. Cheng Da Fang Yuan Tong-Jun-Ge Bunnings Warehouse John Little.875 2007 2006 2007 SALES SALES LOCAL SALES SALES SALES AREA PER SQM UNIT SALES PER SQM SALES PER SQM (sqm) (US$ mn) (US$) (US$ mn) (US$) 73.940 28.652 291 2.186 18.852 246 3.500 9.347.862 382 8.700 RMB mn 234 1.400 206.579 224.182 208.212 326 9.616 RMB mn 180 1.866 262 1.521 S$ mn 234 11.124 253 2.616 29.036.850 RMB mn 230 2. The Dairy Farm International Holdings Brazin Tesco Japan Appliance Connexion Reject Shop.952 ¥ bn 247 4.889 33 29 148 32 1 373 10 1.351 277 278 17 2.508 298 2. The Guangzhou Friendship Idee Toho Hanhsin Department Store Sanseido Miraiya Shoten Mustafa Beijing Hualian I-Mobile Nep-Star Etude House.437 113.246 13.648 19.150 152.660 509.149 9.744 265 3.146 28.062 RMB mn 251 2.600 1.252 57.620 107.000 148.013 23.600 217.444 26.701 S$ mn 222 6.287 565.570 69.997 RM mn 256 870 295 871 30.120 47 29 1 8.600 115.620 36 31 139 30 1 391 10 1.674 8.147 279 2.590 270.874 NT$ mn 280 2.175 264 3.792 92.638 118.600 28.687 284 3.380 137. 268 218 7.270 45.182 4 325 39.157 23.925 215 9.511 175 1.872 166 4.650 31.229 8.220 17.806 71.780 70.500 6.000 237.331 315 1.574 318 318 284 220 309 170 2.195 3.255 4.378 200 10.760 678.628.166.100 44.889 250 9.031 65.330 SALES AREA (sqm) 135.716 1.276.870 132.000 21.239 10.971 211 82.580 42.629 107.752 220 1.596 10.613 1.909 8.265 170 6.389 181 4. Watson’s 7-Eleven Interio Pure Beauty.840 90.629.760 206 892 240 1.477 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 182 2.000 7.585 217 5.440 5.125 47 1.011 208 924 237 1.430 127.075 77 288 74.332 185 6.201 203 5.738 186.288 178 2.971 2.861 178 4.200 1.683 1.776 6.200 1.000 106.572 110.469 21 270 1.271.714 99 24 90.245 790 1.751 217 11.306 242 4.644 210 4.900 45.850 8.536 176 4.000 138.000 7.108 83.321 219 4.066 218 3.600 31. The Saigon Jewellery Holding adidas Korea Angus & Robertson Convenience Shopping Fresh Mart International China Resources Enterprise Bals Corp Noel Leeming Group Beijing Jingkelong Bata India AS Watson Group Raymond RETAILING COMPANY 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 VN PH NZ HK AU CN CN CN KR AU JP KR HK CN CN IN AU TH MY SG IN HK SG SG SG AU SG KR VN KR AU MY TH CN JP NZ CN IN HK IN 2006 2007 SALES SALES SALES AREA PER SQM OUTLETS SALES (sqm) 76.000 12.414 156 1.782 194 4.500 18.400.842 215.500 125.000 16.882.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 21 9 190 23 75 960 3.460 136.593 185 7.065 203 1.530 8.000 500.076 21.000 90 280 88.700 29.857 180 2.061 55.153 46.325 115 3.807 214 12.475 217 15.943 5.800 4.187 13 11.750 2.588 186 2.393 245 1.036 202 6.483.600 17.076 Supermarket Hypermarket C-store Others Hardline C-store Health & Beauty Health & Beauty Supermarket Hardline Bookstore Hardline CFA CFA C-store Dept Store Hardline CFA Health & Beauty C-store Hardline Health & Beauty Health & Beauty Hardline Hardline C-store Dept Store Health & Beauty Others Sports Goods Bookstore C-store C-store CFA Hardline Hardline Supermarket CFA Hardline CFA Saigon Coop Super SM Hypermarket Mobil on the Run Luk Fook Fantastic Furniture Liangyou Buddies Tong-Ji-Tang Avon Specialist Shop Super express Video Ezy Sanyodo Hansem IT Yishion Quick Shoppers’ Stop Strathfield AIIZ Apex.653 179 5.956 211 3.960 20 101 453 235 345 200 171 123 9 10 150 4 430 102 320 199 804 378 732 91 90 39 1.535 223 1.000 104.500 60 360 2.353 45.553 642.574 14.548 211 2.000 79.830 9.000 160.317 28 4.312.236 167 1.357 500 199 12.000 36.198 166 3.200 105.182 531.377 6.660 63.000 116.000 234.342 779 294 7.022 205 1.400 28.560 14.650 177 246 662 6.827 230.887 66 1.532 462 7.690 7.560 157.696 13.365 14. Quickstop Isetan The Face Shop SJC adidas Angus & Robertson 7-Eleven Fresh Mart Esprit Francfranc Noel Leeming Jingkelong Bata Fortress.640 195 330 2.934 168 1.480 6.680 215 5.750 83.849 8.000 215.000 3.659 100 292 26 209 1.387 233 1.764 132.856 231 1.833 86 27 84.601 229 2.500 48.309 205.700 1.000 37.371 6.215 169 258 21.613 9 326 35.254 1.717 52.467 236 1.220 29.194 1.196 211 6.642 1.400 30.725 172.542 6.945 206 2.000 86.068 240 3.320 7.800 14.419 7.676 206 1.965 6.460 40.576.381 177 1.050 244 2.237 80.898 219 5.281 72 219 158.804 222 1.686 1.229 25 1.384 2.600 21.078 1.698 213 2.200 14.830 23.960 8.890 4.746 255 7.200 2.258 19. Watson’s Guardian Best Denki Courts IGA Express.833.349 2.500 1.842 505 279 120.500 68.304 195 8. The Raymond Shop Saigon Union of Trading Cooperatives SM Investments Corp Exxonmobile Chemical New Zealand Luk Fook Holdings (International) Fantastic Furniture Shanghai Buddies CVS Hubei Tong-Ji-Tang Drugstores Avon (China) Samsung Tesco Video Ezy Australasia Sanyodo Hansem Corp IT Dongguan Dongyue Caparison Brilliance Group Shopper’s Stop Strathfield Group Reno (Thailand) Watson’s Personal Care Stores Dairy Farm International Holdings Godrej & Boyce Manufacturing AS Watson Group Dairy Farm International Holdings Best Denki (Singapore) Courts Singapore Metcash Trading Australasia Isetan (Singapore) Face Shop.861 192 4. Living Ideas Colorplus.345 920 725 37.570 185.944 420 8.429 36 529 82 420 153 2.990 7.000 38.017 430 198 29.500 151.373 392 212 27.060 30.553 38.228 205 253 70.640 281 1.710 107.583 COUNTRY RANKING VND bn Ps mn NZ$ mn HK$ mn A$ mn RMB mn RMB mn RMB mn Won bn A$ mn ¥ bn Won bn HK$ mn RMB mn RMB mn Rs mn A$ mn Bt mn RM mn S$ mn Rs mn HK$ mn S$ mn S$ mn S$ mn A$ mn S$ mn Won bn VND bn Won bn A$ mn RM mn Bt mn RMB mn ¥ bn NZ$ mn RMB mn Rs mn HK$ mn Rs mn 321-360 22 Retail Asia July 2008 .850 78.800 46.989 175.250 47.600 1.000 220.111 226 7.305 207 4.420 216 6.173 25 9.054 244 751 25.678 242 86.904 192 7.913 149 1.075 1.247 17.870 12.100 42.000 134.110 18.800 2.300 68.698.834 219 2.288 208 2.890 4.550 39.001 125 328 18.411 201 1.836 220 1.083 9 327 32.000 118.014 104 1.253 1.886 68.560 76.111 14.641 166 13.689 81.109 4.700 87.561 225 1.930 412 7.320 18.339 205 4.200 48.284 1.288 50.733 240 2.738 104 263 39.487 11.495 1.652 193 1.860 20.812 162 2.474 215 4.789 200 14.823 225.795 1.296 59.549 405 329 54.643 1.992 184 2.760 40.397 202 2.447 2.396 212 5.467 218 5.000 91.280 43. 000 22.490 115.467 5. Seibu.010 8.120 188.300 2.379 1.929 191 6.267 198 5.361 1.147 139 4.217 4.380 18.449 168 1.851 18 95.045 187 2.500 45.200 1.411 181 4.202 31.423 215 3.260 1.129.412 9.000 77.300 156.635 4.410 7.130 4.969 5.015 157 318 177 329 103 2.350 7.550 847 48 50.623 1.505 279.140 27.924 30 1.565 66.396 169 624 1.015 49 35.200 95.560 1.443 2.489 6.200 1.129 40.019 187 1.077 6.250 3.008 22.343 144 14.000 3.000 324.025 70 28.981 73.104 197 2.971 9.095 168 2.906 6.320 34.300 126.141 181 2.570 53.368 237 65.200 1.710 146.500 93.506 52 142.106 73.890 808 7.678 262 289 1.490 4.823 23 56.000 15.000 5.610 141 1.630.453 22.610 30.028.300 40.183 1.400 37.040 103.444 16 30.456 7.250 171 7.145 6.675 8.438 A$ mn RMB mn NZ$ mn Won bn Won bn RMB mn RMB mn RMB mn Rp bn Rs mn RMB mn Bt mn NZ$ mn S$ mn RMB mn Rs mn NT$ mn RMB mn Rp bn Ps mn HK$ mn Bt mn Rp bn NT$ mn Ps mn Won bn RM mn RMB mn RMB mn RMB mn Rs mn S$ mn Won bn NZ$ mn A$ mn RM mn A$ mn A$ mn Rs mn A$ mn 361-400 23 Retail Asia July 2008 .272 174 4.444 168 4.270 1.536 4.000 114.109 257.031.981 150 4.623 132 88.172.510 36.333 1.400 6.200 1.213 36 40.218 30.845 5 115.700 20.167 154 1.008.291 75.750 6.362 190 2.720 1.140 8.484 865 304.529.686 167 6.950 34.200 38.900 80.420 172 6.978 165.486 174 4.336 1 120.560 11.487 8.901 6.940 193 2.859 3 78.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 5 3 48 700 3 6 6 7 17 43 92 881 46 8 1.125 263 176 181 1.000 46 106 63 142 16 30 32 1 30 31 15 19 2.967 5 154.981 185 5.297 145 4.000 2.929 31 38.401.299 166 1.280 135 2.000 223.212 197 1.328 9.066 6 99.889 7.250 12.520 270 184 183 1.151 161 594 1.424 1.869 181 5.539 258 304 1.500 115 88.725 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 180 1.521 116.710 8.300 21.059 1.940 6.000 90.960 200 2.000 67.000 9.617 179 3.200 1.120 1.409 7.886.000 89.872.982.221 158 1.248 129 106.076 5.654 137 4.117 1.370 73.907 137 2.570 186 6.843.000 199 Hardline Hardline Hardline Others Dept Store Dept Store Dept Store Hypermarket Dept Store Dept Store Others C-store Hardline Hypermarket Health & Beauty Others Hardline Health & Beauty Bookstore C-store Others Hardline Supermarket Dept Store Supermarket Supermarket Supermarket Hardline Health & Beauty CFA Dept Store Dept Store Supermarket C-store CFA Health & Beauty Others Others Others Hardline Ikea Ikea Briscoes Homeware.500 1.300 154.074 1.943 2.619 55.259 172 4.500 103.681 176 1.488 1.987 160 861 196 919 112 1.300 540.755 197 3.031 159 1.788 3 25.324 182 1.000 213.683 1.796 8.948 4.950 7.638 150 34.392 28 36.955 199 2.417 493.019 158 5.473 191 2.729.300 65.452 200 1.366 5.095 1.800 88.750 85.043 169 4.530 92.385 1.400 285.080 37.725 375 COUNTRY RANKING 2007 SALES 240 1.727 8.928 5 72.316 148 2.874 162 3.818 191 4.110 1.403 183 3.500 1.932 16.069 11.461.500 1.221 184 5.869 186 115.818 170 1.872 1.900 199 SALES AREA (sqm) 124.108 24 4 18 140 237 201 123 31 5 375 239 1.060 30.160 32.110 52.081 6.662 6 48.360 196 15.649 273 159 215 185 503 192 205 6.700 6.250 4.521 19 28.692 34 63.600 853.380 23.565 1.281 173 1.460 148 4.218 188 2.650 187.692 904.756 191 1.211.112 187 798 162 2.864 2.802 183 5.370 5.230 6. Java.025 75. Urban Warehouse Good Morning Mart Star Mart Just Jeans Guardian Michael Hill Toys “R” Us Tribhovandas Bhimji Zaveri Blockbuster Ikea Ikea AB Briscoe Group CJ Foodville Corp GS Holdings Corp Isetan China Beijing Xidan Friendship Group Shinsegae Department Store Mitra Adi Perkasa Vishal Retail Xinyu Hengdeli Holdings V Shop Smiths City Group Dairy Farm International Holdings Guangzhou Ben-Cao Pharmaceutical Mother Dairy Fruit & Vegetable Sunfar Computer Jiangxi KXR Drugstores Gramedia Asri Media Watson’s Personal Care Store Phils Tse Sui Luen Jewellery IT City Alfa Retailindo Takashimaya Robinsons Supermarket Corp E Land Corp Econsave Cash & Carry Chongqing General Trading Group Chongqing Peace Pharmacy Chain Anta (China) Pantaloon Retail India OG CS Mart Chevron New Zealand Just Group GCH Retail (M) Michael Hill Jeweller (Australia) Toys “R” Us (Australia) Tribhovandas Bhimji Zaveri Delhi Blockbuster Australia RETAILING COMPANY 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 AU CN NZ KR KR CN CN CN ID IN CN TH NZ SG CN IN TW CN ID PH HK TH ID TW PH KR MY CN CN CN IN SG KR NZ AU MY AU AU IN AU 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 124.447 6.684 258 30.289 140 6.200 263 160 233 202 578 202 201 6.970 14.170 31.572 740 90.097 65 10. Living & Giving Tour Les Jours GS Square Isetan Xidan/Beijing Friendship E-Mart Debenhams.186 216 2.060 176 109. Smiths City Giant Guangzhou Ben-Cao Mother Dairy Milk Shops Sunfar KXR Gramedia Watson’s Tse Sui Luen IT City Alfa Supermarket Takashimaya Department Store Robinsons Supermarket Kim’s Club Mart Econsave CBEST Peace Anta Pantaloon OG.992 150 1.674 6.071 18.705 168 5.864 159 79.198 167 549 193 594 191 3.800 234.100 59.080 1.875 131.020 4.822 197 2.625 4 87. Sogo Vishal Mega Mart Xinyu Hengdeli V-Shop Powerstore.102 171 1.172 196 1.906 30 51.720 5.530 19 22.000 37.600 34.740 22.230 68.000 66.026.278 174 2.879 167 111.500 10 185.681 9.004 1. 749 137 2.004 1.188 145 536 1.226 243 216 1.541 138 2.080 4.438 154 1.226 15.000 2.700 556 1.148 4.086 5.992 163 7.590 9.165 54.580 173 2.493 149 8.221 1.220 78.100 1.839 10.636 52.046 156 2.234 77.592 161 6.692 2.500 134 1.887 153 2. The Sinapharm Medicine Hldg Guoda Chain* Watson’s Personal Care Stores Graha Sudirman Centre Liqun Group Anhui Baixingyuan Dayaofang Liansuo Young Poong Book Store Isetan (M) Lion Superindo Hero Supermarket Bossini International Holdings Index Living Mall Koutons Retail India Giordano International Sung Ching Supermarket Country Road Super Liquor Holdings Hanshin Dispensing Pharmacy Uny (HK) Hunan Zhilin Super Drugstore Pumpkin Patch (Australia) Fone Zone Marks & Spencer (Hong Kong) Pro Healthcare International Central Watson Harbin Ren Min Tong Tai Chain Drugstore Dairy Farm International Holdings Giordano Korea Seibu Department Stores Associated Retailers Tupperware (China) Siam Family Mart RETAILING COMPANY 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 *Sinapharm Medicine Hldg Guoda Chain Drugstore TW VN NZ AU IN MY CN SG NZ CN SG ID CN CN KR MY ID ID HK TH IN CN TW AU NZ JP HK CN AU AU HK TW TH CN TW KR HK AU CN TH 2006 SALES SALES AREA (sqm) 44.813.460 16.444 21.443 2.134 172 1.090 4.660 93.600 124.485 59.899 146 2.234 15.794 63.010 25. Winner Charlie Outlaw.678 156 1.479 19.934 147 9.657 148 3.360 25.402 12.235 97.301.180 135 22.355 143 1.820 5.618 157 1.160 5.195 5.284 1.869 146 7.175 155 1.732 147 4.000 270.491 78.620 7. Index Living Mall.477 96 3.076 19.000 103.000 2.422 1.290 97.100 2.000 19.772 146 1.000 50.000 56.328 121 4.050 161 166 1.940 12.714.855 156 2.570 7.000 76.402 161 1.556 144.292 131 6.157 29.062 89.286 61.078 3.333 59.825 100.625 67.526 4.000 12.279 9.281 135 2.833 2.500 1.112 4.314 16.499 149 24.150 1.340 158 13.944 144 6.854 SALES SALES AREA PER SQM (sqm) 43.906 165 3. Koutons Giordano Sung Ching Country Road Super Liquor Hanshin Dispensing Pharmacy Apita Zhilin Pumpkin Patch Fone Zone Marks & Spencer Medicine Shoppe Watson’s Ren Min Tong Tai Ikea Giordano Seibu Toyworld Tupperware Family Mart Mercuries & Associates Nguyen Kim Tien Trade & Service Woolworths (New Zealand) Retail Food Group Life Style International Courts Mammoth Shanghai Hua-Shi Drugstores CK Tang Warehouse Group.923 NT$ mn VND bn NZ$ mn A$ mn Rs mn RM mn RMB mn S$ mn NZ$ mn RMB mn S$ mn Rp bn RMB mn RMB mn Won bn RM mn Rp bn Rp bn HK$ mn Bt mn Rs mn RMB mn NT$ mn A$ mn NZ$ mn ¥ bn HK$ mn RMB mn A$ mn A$ mn HK$ mn NT$ mn Bt mn RMB mn NT$ mn Won bn HK$ mn A$ mn RMB mn Bt mn 2006 2007 LOCAL SALES SALES UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 174 3.772.320 6.352 152 2.427 1.159 6.000 9.168 187 208 1.000 4.000 112.285 145 13.365.793 125 17.720 69.864 165 16.384 152 1.487 165 199 16 1.260 159 2.480 15.710 134 2.029 149 9.122 25.000 91.340 65.161.476 162 2.530 480 SALES 5.050 167 900 6.486 17.400 31.390 56.245 110 1.000 61.157 4.400 84.446 19.760 9.000.000 11.156 72.142 57.384 29.889 93.312 77.720 36.600 578 1.431 1.394 42.013 182 205 18 1.263 71.700 224 195 6.213 126 1.937.110 52.431 151 5.000 210 191 4.492 85.888 132 3.025 29.743 4.000 97.472 12.800 135 1.800 18.656 146 3.800 91.314 156 3.984 11.100 COUNTRY RANKING 2007 SALES PER SQM OUTLETS 44 2 66 300 14 75 459 2 43 925 97 11 770 16 19 3 59 96 39 29 785 779 72 50 97 122 1 171 104 159 8 63 153 273 5 160 3 179 2.697 39.299 6.738 102 2.900 20.653 60.320 72.590 59.190 1.580 41.153 129 4.538 74 1.378 9.045 6.663 401-440 24 Retail Asia July 2008 .566 149 2.810 15.648 63.708 125 929 147 1.000 67.500 5.650 143.868.300 38.717 11.230 29.626 116 1.310 1.765 161 4.100 15.363 151 12.000 17.202 5.014 23.327 31.036 138 1.100 6.142.124 177 177 1.106 146 35.387.257 142 2.520 113.447 Others Hardline Hardline Others Dept Store Hardline Health & Beauty Dept Store Bookstore Health & Beauty Health & Beauty Hardline C-store Health & Beauty Bookstore Dept Store Supermarket Supermarket CFA Hardline CFA CFA Supermarket CFA Others Health & Beauty Dept Store Health & Beauty CFA Hardline Dept Store Health & Beauty Health & Beauty Health & Beauty Hardline CFA Dept Store Others Others C-store Mercuries Saigon Nguyen Kim Shopping Center Dick Smith Electronics Brumby’s Lifestyle Courts Hua-Shi Tangs Warehouse Stationary Guoda Watson’s Electronic City Liqun Baixingyuan Young Poong Book Store Isetan Super Indo Hero Bossini Index.000 129.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 45 1 62 294 10 85 437 2 43 826 100 8 700 12 13 2 50 90 37 27 568 729 71 46 97 120 1 122 85 149 8 63 150 237 4 140 3 186 2.564 124 5.000 9.395 76.474 16.870 140 2.726.000 19.100 7.628 133 3.090 118 4.811 146 35.572 141 2.367 1.639.073 140 11.432 152 2.178 285.142 30.021 7.100 61.100 142 353 1.892 260.440 10.190 39.560 134.200 58.300 610 5.508 136 6.000 93.104 1.900 25.542 134 1.000 16.000 41.539 127.853 16.142 158 2.640 29.608 15.538 64.364 142 8.400 20.763.500 95.205 238 1.970 927 4.600 11.394 24.648 3.960 30.665 135 2.159 1.599 113 2.296 3.550 7.327 44.286 112.270 5.413 1.251 156 3.081 165 6.076 240 1.480 45.959 2.994 154 12.666 2.113.777 156 9.902 108.616.089 55.395 1.667 66.919 55.163 138 9.600 22.497 151 6.210 53.740 14.501 146 2.275 135 12.240 65.180 263.166 1.000 22.049 1.072 1.150 19. U2 SenHeng Electric Hallensteins Glassons La New Spencer’s Daily.360 10.639 519.800 21.595 6.990 110 3.800 45.800 32.000 2.000 9.450 181 373 159 650 956 3.230 10.116 115 1.712 108 1.089 117 3.766 131 7.314 4.828 118 1.821 150 4.936 2 13.180 82 2.418 117 4.000 29.056 127 3.959 109 1.026 117 1.000 155.989.563 166 163 16 1.232 104 757 119 761 110 1.000 164 414 163 910 1.187 334 10.548 418 80.000 40.500 65.568 13 137.000 37.400 100 7.245 400 32.051 101 1.029 5.180 49.015 200 5.250 174 5.000 127 20.606 135 2.080 27.292 130 12.000 546.289 123 1.322 84.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 1 13 76 402 18 105 10 154 420 84 420 556 2 175 33 125 210 117 450 180 328 3 324 66 107 85 265 148 5 175 113 70 140 13 48 228 150 98 481 30 933 178 175 4.500 23.942 248 23.265 Dept Store Dept Store Others Health & Beauty Bookstore Hardline Hardline Health & Beauty Sports Goods Others C-store Health & Beauty Hypermarket Sports Goods Others Health & Beauty Health & Beauty Health & Beauty Hardline CFA Health & Beauty CFA CFA CFA Hardline CFA CFA Supermarket Dept Store Hardline C-store Others Others Sports Goods Dept Store CFA CFA CFA Health & Beauty Others Seiyu Kmart Liquorland Watson’s Borders House U-Home Tong Ren Tang Reebok Kiddyland Wumart Yi Xin Tang Carrefour adidas Toyworld Healthy Life Cosmed Unichem Bombay Dyeing Levi’s Kimia Farma Barneys New York Ports Int’l et al G2000.762 3 52.000 98.203 120 3.562 126 24.310 10.347 133 1.000 16.832 140 37.886 115 2.810 60.200 154.280 118 1.000 8.000 15.750 124 4.600 9 27.161 15 960 981 430 170 4.890 6.702 134 4.085 5.647 131 1.219 118 6.500 70.930 155 10.000 15.204 26.533 122 1.176 121 2.565 50.960 40 COUNTRY RANKING 2007 SALES 1.870 116 7.479 115 104.583 130 873 810 3.085 3.205 24.800 117 1.014 128 1.494 120 14.229 163 24.324 329.530 136 6.000 50.000 7.840 30.258 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 120 7.790 59.628 529 49.423 127 12.400 96.800 188.720 14.500 355.824 89 6.389 7.150 121 4.897 80.639 103 9.945 140 3.263 430 171 4.940 126 2.804 129 5.000 25.020 53.400 4.020 123 4.890 24.510 111 3.750 66.300 35.101 112 10.556 35.419.723 127 2.325 79 32.810 5.000 104.635 5.500 38.618 120 11.165 81 10.380 19.633 76 2.331 121 5.563 106 1.360 15.238 116.025 168 154 3.222 123 2.475 8.320 108 3.700 19.930 175 4.314 118 10.080 58.997 173.344 109 50.631 98 2.000 12.600.279 152.800 118.483 13.793 44 51.021 1.376 125 3.600 5.206 83 26.750 6.012 113 5.056 520 32.824 102 14.480 78.878 141 917 891 3.976 58.101. Spencer’s Super Wing On Next Shell Select Poh Kong Liquor Centre Decathlon Toserba Yogya Hang Ten Bras N Things Giordano Zhonglian Poya Seiyu (Shatin) Wesfarmers Liquorland AS Watson Group Borders Australia Global Retail Brands Uny China Beijing Tongrentang (Group) Reebok India Kiddy Land Wumart Stores Yi Xin Tang Medicine Retailing Chain Corp Carrefour Singapore adidas India Marketing Associated Retailers (NZ) Healthy Life President Drug Store Business Corp Pharmacybrands Bombay Dyeing & Manufacturing Levi Strauss Korea Kimia Farma Apotek Sumitomo Corp Ports Design G2000 (Apparel) Senheng Electric (KL) Hallenstein Glasson Holdings Lanew International Corp Spencer’s Retail Wing On Co International Emart India Shell New Zealand Poh Kong Holdings Liquor Centre Group Decathlon China Akur Pratama Hang Ten Enterprises Brazin Giordano International Shenzhen Zhonglian Drugstores Poya International RETAILING COMPANY 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 HK NZ NZ TW AU AU JP CN IN JP CN CN SG IN NZ AU TW NZ IN KR ID JP CN HK MY NZ TW IN HK IN NZ MY NZ CN ID TW AU HK CN TW 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 15.649 76 1.610 24.250 153 3.800 15.550 75.200 47.271 113 4.571 250 28.400 7.200 59.353 131 1.378 122 8.845 SALES AREA (sqm) 15.000 17.966 140 7.882 124 4.654 8.541 15 19.560 50.543 9.875 80 78.793 46.444.738 100.850 128 5.823 30.580 16 1.091 2.941 98 5.236 139 1.657 116 5.133 12.782 102 3.778.000 6.141 132 8.469 353 6.066 136 3.580 10.742 723 15.530 130 8.808 100 2.269 125 2.448 134 1.395 270 75.500 1.933 450 45.896 163 37.500 45.096 28.000 356.000 69.961 189.412 114 1.097 10.620 190.010 15 804 1.700 110.905 5 35.931.266 144 154 18 980 4.000 170 36.200 4.200 76 106.500 42.900 30.292 117 2.048 16.430 178 156 4.100 955 5.962.444 21 21.770 HK$ mn NZ$ mn NZ$ mn NT$ mn A$ mn A$ mn ¥ bn RMB mn Rs mn ¥ bn RMB mn RMB mn S$ mn Rs mn NZ$ mn A$ mn NT$ mn NZ$ mn Rs mn Won bn Rp bn ¥ bn RMB mn HK$ mn RM mn NZ$ mn NT$ mn Rs mn HK$ mn Rs mn NZ$ mn RM mn NZ$ mn RMB mn Rp bn NT$ mn A$ mn HK$ mn RMB mn NT$ mn 441-480 25 Retail Asia July 2008 .888 7.347 138 3.996 46.800 11.539 35 15.060 10.000 43.466 13.519 63.502 135 4.000 11.450 893 3.612 54 60.469 7.720 37.250 6.000 2.095 190 190 4.052 3.130 306.863 1.550 220 66.500 56.457 4.463 17 910 860 194 4.656 234 59.526 2.606 140 8.026 10.114 98 32.525 230 18.000 105.082 1 39. 855 31. though.520 1.986 17.794 110 5.185 35 48.962 8.306 109 1.450 4.218 24.400 53.160 127 23. We have made every attempt to ensure accuracy and reliability but Euromonitor International cannot be held responsible for omissions or errors.88 32.30 954.615 VND bn Rs mn Won bn RMB mn Ps mn HK$ mn HK$ mn A$ mn A$ mn Bt mn NZ$ mn Rs mn Won bn S$ mn A$ mn NZ$ mn Ps mn A$ mn HK$ mn ¥ bn 2006 2007 LOCAL SALES SALES UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 91 13.000 115.319 150 2.830 5.178 110 70.718 113 6.954 115 1.946 166 9.283 11.euromonitor.330 1.916 66. Euromonitor has tried to report annualised figures to obtain consistency. Pricerite BCF Lincraft Koncept Furniture. KPMG provides no guarantee that information is accurate as at the date of publication.707 116 6.496 109 5.898 96 3.178.271 90 2.346 106 12.429 156 26.650 103 153 121 120 4.296 97 2.506 106 7.010 149.500 1.933 37 115.808 108 4.97 7.521 88 5.667 91 789 111 960 88 4.778 76.59 37.812 39.242 330 13.076.297 889 884 133 133 3.400 52. Where possible.26 3.676 99 5.36 41.600 2.500 101 163 129 145 4.600 3. KPMG is a supporting participant of the 2008 Retail Asia-Pacific Top 500 programme and has provided no financial or market data for the purpose of ranking retailers in the 2008 Retail Asia-Pacific Top 500 programme. SB Furniture Paper Plus Food Bazaar BIF Boruneo BHG Noni B Life Pharmacy 7-Eleven Sportsco Japan Home Centre Sumiya Phu Nhuan Jewelry Joint Stock Vijay Sales Enex Beijing Jingkelong Abenson Bonjour Holdings Celestial Asia Securities Holdings Super Cheap Auto Group Lincraft Australia SB Furniture Paper Plus NZ Pantaloon Retail India BIF Korea (Boruneo Intl Furniture) BHG (S) Noni-B Life Pharmacy Philippine Seven Corp Sportsco Japan Home Centre Sumiya RETAILING COMPANY 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 VN IN KR CN PH HK HK AU AU TH NZ IN KR SG AU NZ PH AU HK JP 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 6.057 215 9.31 116.908 106 2.559 25 31.457 136 14.300 8.000 15.802 150 4.825 94 1.61 7.778 58 1.600 99.450 110 2.800 182.67 1.463.33 7.44 1.159.500 223.500 1.35 117.048 33 18.906 127 828 12 SALES SALES AREA PER SQM (sqm) 8.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 55 13 220 5 81 29 35 27 33 33 176 63 200 3 201 21 287 120 150 58 1.578 7 48. EXCHANGE RATES AGAINST US DOLLAR Country A$ RMB HK$ Rp Rs ¥ Won RM NZ$ Ps S$ Bt NT$ VND 2006 1.011 116 5.152 20.80 9.502 57.000 1.470 5.784.780 59.75 929.77 9.com 26 .54 51.942 115 2.75 Get your Passport to global markets Passport: Retailing from Euromonitor International Retail Asia July 2008 a single gateway to strategic business intelligence for the world’s leading retailers.36 46.402 78 8.778 176 44.572 88 1.152 14.15 1.421 52 COUNTRY RANKING 2007 SALES 1.143.30 2007 1.52 32.615 108 3.131 99.643 25 16.886 110 6.668.275 181.899 114 24.565 16 21.499.900 5.609 36.920 58.750 25.912 71 1.300 135.000 104 701 4.114 16.500 1.555 12.600 1.580 194.267 63.900 4.889 53.340 106 3.300 5.701 4.200 8.51 34.909 30.947 116 14.929 86 6.599 38 39.144 107 9.844 987 856 94 121 3.541 109 1.745 4 23.710 26.32 45.607 20.600 3.000 237.763.79 3. suppliers and manufacturers to understand: industries • countries • consumers www.800 4.500 12.20 7.415 108 1.456 111 1.31 1.430 481-500 Disclaimer: The compilation of company information of this ranking involves extracting complex statistical data from numerous sources in different languages.424 93 3.91 16.355.470 258.994.404 210 45.870 268.471.628 114 720 16 Others Hardline Hardline Hypermarket Hardline Health & Beauty Hardline Sports Goods Hardline Hardline Bookstore Supermarket Hardline Dept Store CFA Health & Beauty C-store Sports Goods Hardline Hardline PNJ Vijay Sales Enex Jingkelong Abenson Bonjour 3C.455 91 3.56 15.800 108 875 5.650 5.640 130 27.316 185.913 78 15.000 13. 787 21.897 2.500 1.075 2.318 645 10.007 2.130 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (A$) (US$ mn) (US$) (US$ mn) (US$) 6.130 430. RT Mart Dashang. et al Sa Sa Chow Sang Sang Sogo CRC.058.423 3.091 25.937 2.279 3.014 127.888 31. Jusco Supermarket.231 69.070 33.476 2.782 5.072 4.000 SALES PER SQM OUTLETS (A$) 6.692 5.568 493 12.309 17.607 340 8.478 346 16.495 4.330 229.730 38.291 361 34. CR Care Circle K Luk Fook RETAILING COMPANY Dairy Farm International Holdings AS Watson Group Lane Crawford International Aeon Stores (Hong Kong) Sa Sa International Holdings Chow Sang Sang Holdings Int’l Lifestyle International Holdings China Resources Enterprise Convenience Retail Asia Luk Fook Holdings (International) OUTLETS 1.299 2.750 3.478.640 SALES AREA (sqm) 331.862 3.400 8.541 8.665 5.571 296 33.645 4.520 163.688 2.430 32.983 3. Wal-Mart Supercenter Auchan.141 2.719 1. CR Sugo.179 1.156 2.599 2.053 6.960.644 3.115 1. Metcash Liquor.400 14.035 6.749 4. ParknShop.557 48 2.850 3.689 1.642 271.169 426 1.939 695 416 630 SALES (A$ mn) 34.042.089 11.953 10.283 1.073 26.200 715.451 14.220 153. Woolworths.099 21.472 189 60 37 704 809 656 720 RETAILING COMPANY OUTLETS 1 2 3 4 5 6 7 8 9 10 AU AU AU AU AU AU AU AU AU AU SALES (A$ mn) 33.234 355 china COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Hardline Hardline Various Various Hypermarket Hypermarket Hypermarket Various Various Hardline Gome. Dick Smith Electronics.827 10.000 13.036 3.880 110 32.326.000 2.562 2. Newmart HD/Alldays. Price Attack.700 828.390 4.958 2.093 34. Yongle Suning Esprit.738 12.900 10. et al Carrefour Trust-Mart.412 1.110 4.928 10.333 18.267 10.689.265 8.900 1.397 396 18.763 23.025 3.597 56 2.164 2.150 1.000 10.121 43. Quickstop Harvey Norman Myer David Jones Mitre 10 API Pharmacies.361 2.013 2. IGA Express.000 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (RMB) (US$ mn) (US$) (US$ mn) (US$) 53.838 23.903 9.142 10.983 258.657 59.576 1.795 1.423 13.238 3.340.063 3.111 2.370 3.019 20 2.530 2.816 792.707 1.952 35.000 1.048 676 79.237 4.100 117.251 469 4 20 48 43 2 150 250 23 1 2 3 4 5 6 7 8 9 10 HK HK HK HK HK HK HK HK HK HK 2006 SALES (HK$ mn) 15.282 9.890 2.006 118.000 12.666 178 24.938 1.229 25 1.354.869 146.704 1.568 179 30.847 3.401 1.327 291 7.255 211 82.608 7.146 2006 SALES AREA (sqm) 1. Kmart.071.442 20.939.779 28. CR Vanguard Hypermarket Shanghai Hualian.780 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (HK$) (US$ mn) (US$) (US$ mn) (US$) 50.523 2.886 Retail Asia July 2008 SALES AREA (sqm) 339.221 780.372 4 3.163 29.929 60.505 38 2.137 1.902 6.238 1.559 3.152 4.690.249 4.170 25.579.410 3.193 2.817 859.739 15.221 382 3.479 1.655 30.978 24.308 8. GNC.618 1. Coles Express.036 27.351 642.019. Ikea.951 10.412 3.584 3.553 27 2007 SALES PER SQM OUTLETS SALES (HK$) (HK$ mn) 48.000 802. et al IGA.192 63 4.092 2.195 4.649 7.017.094 21.246 330 3.394 3. Watson’s.494 114.702 398.477 30.100 105.481 2007 SALES AREA (sqm) 5.063 342 18.300 79.887 2.950 267 2.360 419.842 23.540 3.194 2.263 2.000 29.000 14.671 2.182 678.877 6.241.154 1.370 821.502 36.070 COUNTRY hong kong COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Dept Store Various Health & Beauty Others Dept Store Various Dept Store Others 7-Eleven.720 3.588 28.625 3.850 2.000 26.864 320 4.507 3.529 917. NGS-mart Sanlian RETAILING COMPANY Gome Electrical Appliances Holding Suning Appliance Chain Store (Group) China Resources Enterprise Brilliance Group Carrefour (China) Hypermarket Wal-Mart (China) Investment Auchan China Dashang Group Bright Foods (Group) Sanlian Commercial OUTLETS 820 520 2.017 1.691 6.437 1.940 1.693 15.705.200 6.215 2.392 1.500 2.428 4.018 2.015 111.875 16.270 751.750 2.000 2. Guardian Danks Wesfarmers Woolworths Metcash Trading Australasia Harvey Norman Holdings Myer David Jones Mitre 10 Australian Pharmaceutical Industries Sigma Pharmaceuticals Danks Holdings 2.849 1.464.985 2.729 3.220 193 4.045 31.120 3.425 3.588 3.654 2006 SALES AREA (sqm) 5.889 1.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Country australia OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Various Hardline Dept Store Dept Store Hardline Health & Beauty Health & Beauty Hardline Bunnings.900.240 894.713 31.862.798 301 15.827 4. et al Amcal.680 1.330 190.000 1.003 1.800 24.592 1.411 378 3.832 19.300 85.358 287 1 2 3 4 5 6 7 8 9 10 CN CN CN CN CN CN CN CN CN CN COUNTRY RANKING SALES (RMB mn) 86.423 275 14.136 1. Kedi.891 1.088 12.295 30.043 7.678 242 86.406.000 671.653.270 2.011 1.496 9. et al Fortress.760 11.691 90 160 84 157 3.615 3.973 2. Great.245 313 1.497 1.000 24.162 5.258 3.000 2007 SALES SALES PER SQM OUTLETS SALES AREA (RMB) (RMB mn) (sqm) 51.624 10.018 147 2.923 4.002 1.031 341 110.364 4.100 23.et al Lane Crawford Jusco.807 1.107 1.590 2.465.805 279 102.283 710 9.975.086 2 2.048 7.947 3.956 .170 1. et al Big W.692.413 3.570 1.660 96 28.090 38. Mannings.875 2.576 371.960 732.999 1. 475.870 215 3.254 1.884.172 196 1.318 4.104 888 1.760 92.270 480.492 68.600 7.693.493.505 162 2.028 888 Retail Asia July 2008 2006 SALES AREA (sqm) 4.079.706.710 COUNTRY japan COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Hardline Various Hardline C-store C-store Dept Store Various Various 7-Eleven.207 93 SALES (¥ bn) 5.130 189 35.480 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (Rp) (US$ mn) (US$) (US$ mn) (US$) 15.205 10.610 91.901 891 2.370 118.120 SALES AREA (sqm) 430.729 35.965 320 9.679 7.838 10.400 357. Mac Interio Bata Colorplus.353 514 1.545 6.139 2.707 1.865 567 1.934.489.186 5.235 340 864 405 926 29.188.045 187 2.804 14.849 1.218 54.248. Food Bazaar.940 437.944 420 53. Kasumi.830 618.540 441.010 Clothing.852 1.474 11 2007 SALES (Rp bn) 9.797.969 1.060 17.071.494 10.500 15.842 222 1.857 16.778 7.209.063 801 1.000 872. Robinson’s.380 33.704 93 1.550 92.452 38 17.570 OUTLET TYPE FASCIA(S)/BRAND(S) Various Supermarket Hardline Various Others Various Hardline CFA* CFA Dept Store Big Bazaar.917 19 1.495 1.800 18.230 608.708 3. Ito-Yokado. Foodmart.686 15. Eiden.175 2.858 1.519 1.160 9.264 12.127 226 164.696 1.346 949 6.726 10.380 65.240 101.000 314.177.265 65.534 10.403 12. et al Carrefour Starmart.484 145.010 200.857 567 32 63 8 1 2 3 4 5 6 7 8 9 10 ID ID ID ID ID ID ID ID ID ID 2006 SALES (Rp bn) 8.884 14.466.000 941.328 298 16.805.689.530 63.199.288 168 1.487 1.494 1.533 9.658 18.889 250 48.014 239 7.066 218 3.046 1.810 9.166.899 6.916 316 1.401 10.460 2.421 4.729.025.700 1.137 12.632 12.403 37.460 1.985 987 686.382 1.781 12.903 15. The J Front Retailing OUTLETS 12.914 3.898 995 3.828 14.275 1.424 10.822 19.870 132.025 70 15.270.709.156 110 1.550 619.917 11. World of Titan Shoppers’ Stop.709 63.399 2.984 8.611 461 1.403 189 3.201 52. Giant.639.193.300 322.789 57.070 166.272 780 3.497 11.846 152 3.590 9.340 SALES PER SQM OUTLETS (Rp) 13.342 8.879 5.010 81.076 5. Daimaru Peacock.004 SALES AREA (sqm) 594.660 95.120.880 315 83. Posful.387 1.521 548 1.468.477 156 1.068 2.010 1.906 17.540 2.043 1.583 55. Uny.131 7.015 4.100 5.500 360 43 OUTLETS SALES (Rs mn) 20.630 11.343 indonesia COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Hypermarket Various C-store Dept Store C-store Various Various Bookstore Hardline Matahari DS.726 18.457 625 31.344.077.622 6. Footwear & Accessories SALES PER SQM OUTLETS (¥) 1.400 8.036 10.176 165 87.054 1. Daiei Gourmet City Daimaru.209.394 33 1.078 5.474 1.970 739.814 6.277 1.128 12.630 375 4. Reliance Fresh.411 201 1.431 SALES AREA (sqm) 603. Oshkosh B’Gosh.172.039 976 891 2007 SALES AREA (sqm) 4.531 6.756.521 112 1.726 1.133 258. et al Yamada Denki Lawson Family Mart Mitsukoshi Daiei.454 1.602 609.630 224.268 18.000 275.532 1.065 203 1.762.610 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (¥) (US$ mn) (US$) (US$ mn) (US$) 1.206.141 4.403 670.438. Midori Apita.230 713.215 9.478 3.000 817.131 3.802 8.526 46. Reliance Mart Tanishq.000 747.673 489 1.091 30.000 160.319.491 98 12.350 7.074 SALES AREA (sqm) 242.349 7. Pantaloon Subhiksha LG Cyber Shoppe.468.740 13.218 .650 127.564 342 1.035 764.924.044 5.330 8.220 146.303 1.342.826 5.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Country india COUNTRY RANKING 2006 RETAILING COMPANY Pantaloon Retail India Subhiksha Trading Services LG Electronics India Reliance Retail Titan Industries Shopper’s Stop Godrej & Boyce Manufacturing Bata India Raymond Vishal Retail 128 450 145 76 290 21 200 1.667.176 12. et al Jusco.470 14.889 340 13.326 8. MaxValu.577 77.851 945.290 10.250 7.454 27 138.161 2. et al Deodeo.830 6. Sunkus.323 1.500 7.000 157.700 393.256 611.120 1.228 7.570 12.780 244.397 428 1.623 341 1.930 418.254 37.747 3.436.704.272 938.134 4.126 8.000 8. Saty.250 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (Rs) (US$ mn) (US$) (US$ mn) (US$) 85.650 41.900 20.224.412 328 360. et al Alfa Midi.500 110.465 15 350 91 1 2 3 4 5 6 7 8 9 10 JP JP JP JP JP JP JP JP JP JP 28 * SALES (¥ bn) 5. The Raymond Shop Vishal Mega Mart 1 2 3 4 5 6 7 8 9 10 IN IN IN IN IN IN IN IN IN IN 2007 SALES PER SQM OUTLETS (Rs) 86.392 43 18.920 2.710 1. Hero Alfamart Ramayana Indomaret The Athlete’s Foot.097 65 SALES (Rs mn) 36.574 1. Hypermart. Alfa Supermarket Gramedia Electronic City Matahari Putra Prima Carrefour Indonesia Hero Supermarket Sumber Alfaria Trijaya Ramayana Lestari Sentosa Indomarco Prismatama Mitra Adi Perkasa Alfa Retailindo Gramedia Asri Media Graha Sudirman Centre RETAILING COMPANY OUTLETS 194 29 311 1.353 166 3.678 156 1.019 15.365. Guardian.860 15. Circle K.491 374 18.167 519 1.875 13.516 396. LG Shoppe Adani Smkt.976 5.889 342 1.929 356 3.887 12.732 5. Matsuzakaya RETAILING COMPANY Seven & I Holdings Aeon Group Edion Corp Uny Yamada Denki Lawson Family Mart Mitsukoshi Daiei.305 50 1.340 45.091 1.170 79. Molie.140 1.461.807 282 8. San Miguel Foodshop Goldilocks RETAILING COMPANY SM Investments Corp Mercury Drug Corp Rustan Group of Cos JG Summit Holdings Watson’s Personal Care Store Phils Abenson Philippine Seven Corp Automatic Appliances San Miguel Pure Foods Co Goldilocks Bake Shop OUTLETS 189 781 48 113 142 81 287 22 165 191 1 2 3 4 5 6 7 8 9 10 PH PH PH PH PH PH PH PH PH PH 2006 SALES (Ps mn) 86.486 6.584 560 2.132 35 404.700 20.318 2.902 353 4. Giant.700 1.526 7.418 562 2.077 3.671 23 1.380 302.056 50 34.113 124.952 11.525 38.560 112.991 133.184 522 2.950 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (NZ$) (US$ mn) (US$) (US$ mn) (US$) 10.693 2.814 7.320 5.978 24.388 7.387 78 398 116.577 33.932 312 3.402 161 1.467 218 5.031 403 922 2. Watson’s 7-Eleven Econsave Courts 1 2 3 4 5 6 7 8 9 10 MY MY MY MY MY MY MY MY MY MY 2007 SALES SALES PER SQM OUTLETS SALES AREA (RM) (RM mn) (sqm) 9.162 1.013 1.191 33 1. Mercury Drug Rustan’s Supermarket Fresh.300 3.650 12.400 248 2.112 1.332 207 890 704. et al Jaya Jusco.234 SALES AREA (sqm) 603.343 30.305 416 3.089 2.767 61 1.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Country malaysia COUNTRY RANKING 2006 RETAILING COMPANY GCH Retail (M) Aeon Co (M) Tesco Stores (Malaysia) Carrefour Magnificent Diagraph Store Corp.992 63 4.387 437.060 99.548 211 2.015 338.297 4.335 2.818 170 99. Living & Giving.240 590.410 8.692 158 5.536 9.599 118. The Warehouse Extra.458 1.628 7. New World.806 2.398 128. et al Foodstuffs (NZ) Wow (NZ) Supermarkets Warehouse Group.995 2.830 51.656 new zealand COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Various Hardline Hardline Dept Store Hardline Various C-store Various Four Square. Our Home.920 487 2.387 3.725 180 2. Kmart BP Briscoes Homeware. Jusco J One Tesco.676 99 149.942 115 2.182 558 2.178 4. et al PlaceMakers Mitre 10 Farmers Harvey Norman Bunnings Warehouse.754 1.628 2. Pacific Parkson Grand Apex.233 1. The Fletcher Building Mitre 10 New Zealand Farmers’ Trading.751 647 7.991 535.235 336.702 403 3.988 203 556.000 198.995 1.470 12.055 1.600 31.710 55 4.631 160 248.950 14.472 25.906 4.077 4.327 719.921 303 3.469 3.054 244 751 39.795 996 786 805 621 506 372 382 SALES AREA (sqm) 709.570 186 6.141 181 2.933 87 4.900 3.400 458.660 3.205 9.844 4.164 2.125 13 1.188 10.950 95.345 920 725 83.152 9.084 8.016 3.117 4.444 128 1.549 11.816 528.990 SALES PER SQM OUTLETS (Ps) 143. et al Mercury Self-Serve.919 193.500 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (RM) (US$ mn) (US$) (US$ mn) (US$) 9.010 11.701 94 1.900 4.880 7.929 209.860 70.531 11.460 321.129 162 3. The Harvey Norman Holdings Wesfarmers BP Oil New Zealand Briscoe Group RETAILING COMPANY OUTLETS 630 221 128 56 202 58 22 50 157 75 1 2 3 4 5 6 7 8 9 10 NZ NZ NZ NZ NZ NZ NZ NZ NZ NZ 2006 SALES (NZ$ mn) 6.680 3. D’Hati.818 216 672 246 733 279.300 19.885 3.645 242 4.884 11. Tesco Express Carrefour Fajar DS.172 472 1.521 19 624 68.239 212 5.869 60.681 1.535 468.037 806 5. et al Woolworths.522 218.062 58 830 198.244 132.600 28.697 157 1. Blims Fine Furniture Monterey Meatshop.634 610 3.263 510 864 654 928 4.621 3. Woolworths @ Gull svce stations The Warehouse.100 11.670 112.000 245.142 75 556 97.593 8.196 292 2.895 3.623 53. et al Robinsons.698 1. Handyman Do It Best Watson’s Abenson 7-Eleven Automatic Centre.200 10.050 502 3.885 84 8. Pak’nSave.435 1.440 240.131 36.500 COUNTRY the philippines COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Supermarket Supermarket C-store Hardline C-store Hardline Others Others SM Department Store.466 105 285.081 2.240 4.590 .654 5.324 5.145 1.400 48.290 Retail Asia July 2008 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (Ps) (US$ mn) (US$) (US$ mn) (US$) 138.152 90 2.431 119.046 10.282 1.300 OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Various Hypermarket Various Dept Store Health & Beauty C-store Supermarket Hardline Guardian.917 4. The Parkson Corp Watson’s Personal Care Stores Convenience Shopping Econsave Cash & Carry Courts Mammoth 285 18 14 10 77 32 235 804 15 85 OUTLETS SALES (RM mn) 3.782 76 1.061 53 528 264.640 201.963 324 5.309 3.992 11.060 9.310 109.466 7.565 5.544 391.056 71.300 521.200 2.488 328.997 256 870 295 871 19.733 940 779 662 594 578 SALES AREA (sqm) 403.911 2007 SALES SALES PER SQM OUTLETS SALES AREA (NZ$) (NZ$ mn) (sqm) 9.096 139. Milimewa.326 723 2.826 646 5.802 302.484 15.110 294.908 106 2.838 1.308 94.160 135.960 15.482 257.835 4.050 11.540 221 4.530 26 2.994 328 1.336 388 1.953 217 2007 SALES (Ps mn) 96.242 330 253.457 84 7.687 29 SALES AREA (sqm) 695.850 80 5. Tesco Extra. Cold Storage. The Store.374 8.700 48.703 24 683 145.654 186 441 57. 000 104.695 50.460 21.527 1.227 1.272 977.619 5.183 274 9.800 16.387 133 4.554 4.068 2. 2001Outlet.812 2007 SALES SALES PER SQM OUTLETS SALES AREA (Won) (Won bn) (sqm) 8.346.651 1. NTUC FairPrice.430 8.960 105.309.365 20 15.148 173.450 292 10. Hiplaza.550.690 18.700 660.051 114 11.346 9. et al Hi-Mart Family Mart Hanaro Club LG Fashion. Wellcome Hi-Life RETAILING COMPANY President Chain Store Corp Far Eastern Group Shin Kong Mitsukoshi Dept Store (Taiwan) PresiCarre Chyuan Lien Enterprise Taiwan Family Mart Tsann Kuen Enterprise RT Mart Taiwan Dairy Farm International Holdings Hi-Life International OUTLETS 4.305 1.250 8.872 14.000 421.000 269.613 9 14.600. Joy Mart.463 574 2.670 2.760 18.843 6.585 1.843 3.696 726 1.689 89.948 360 32.900 524 5.997 175.452 8.053 15.938 10.070 4.752 1 10.175 3.040 2.592 SALES AREA (sqm) 361. Fairprice Xtra.600 375.917 8.643 17.141 6.083 9 8.395.784 21 59. Fnac Carrefour PX Mart Family Mart Tsann Kuen 3C RT Mart Ikea.593 9. Cold Storage.658 254 2.840 1. Guardian.313 3.457.743 12.726 141.000 167.806 2.092 5.500 9.270 17.580 2.044 13.622 255 3.545 286.017 1 26.254 997 2.162.414 2. Super express Hyundai E Land.369 67.653 10.123 871 8.596 200 10.660.379 945 5.667 898 5.535.604 101.818 105.038 6.377 3.156 374.245 975 8.497 1.450 20 982 1 2 3 4 5 6 7 8 9 10 KR KR KR KR KR KR KR KR KR KR 2006 SALES SALES AREA (Won bn) (sqm) 10.000 13.591 11 3.960 21.101 213 16.055 235 16.098 1.890 195 8.755 112.600 31.126 961 5.179 5.867 4.934 1.293 2.549 5.108 3.260 2.848 192 12.711 504.370 8.347.268.925 215 9.533 4.700 748.304 4.338 77.247 901.261 1 2 3 4 5 6 7 8 9 10 TW TW TW TW TW TW TW TW TW TW 2006 SALES (NT$ mn) 94.900 339.840 2.093 86.274 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (Won) (US$ mn) (US$) (US$ mn) (US$) 8.798 2.668 5.721 1.631 3.691 13.355 1.235 Retail Asia July 2008 SALES AREA (sqm) 379.000 30 2007 SALES PER SQM OUTLETS SALES (NT$) (NT$ mn) 262.570 29.376.600 177. Beautiplex RETAILING COMPANY Lotte Shopping Shinsegae Department Store Samsung Tesco Hyundai Department Store E Land Corp GS Holdings Corp Hi-Mart Bokwang Family Mart Korea Agricultural Cooperative Mktg Inc LG Group OUTLETS 128 107 86 11 4.200 3.184 84.064 3.725 866 2.326 COUNTRY taiwan COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) C-store Dept Store Various Hypermarket Supermarket C-store Hardline Hypermarket Various C-store 7-Eleven Fe21'.159 23 28.875 159.449 149.119 2.836 259 18. Pacific Sogo Shin Kong Mitsukoshi.895 56.327 8.800 3.075 8.521 3.671 1.701 222 6.474.377 179 5.000 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (NT$) (US$ mn) (US$) (US$ mn) (US$) 266.611 11.500 29.758 9.609 4.605.407 20 1.616.309.144 17. Marks & Spencer.659 381.873 248 6.348 3.741 2. et al GS 25.635 1.360 15.921 15 19.670 872 2.567 1.182 3.943 9.000 332.873 6.058 342.000 222.150 85. Robinsons Harvey Norman Best Denki Courts Isetan 1 2 3 4 5 6 7 8 9 10 SG SG SG SG SG SG SG SG SG SG 2007 SALES PER SQM OUTLETS (S$) 8.299 328 9.800 1. Giant.920 5.761 5.242 247 13. Lotte Mart. et al Sheng Siong Takashimaya Mustafa John Little.277 52 52.758.197 5.196.024 11.198 6.617 875 3.000 13. Géant.538 1.588 381.565 1.800 3.012 196 23 178 1.940 32.600 1. GS Square.180 205 18.600 32.717 977 1.150 31.020 399.095 88.424 19.751 217 11.400 5.735 617 13.000 368.560 8.000 323. et al Cheers.134 2.401 3.675 547 2.081 23.973 863 2.452 14 17.801 147 11.291 98.005 32 67.500 80.057 77.090 173.800 OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Various Dept Store Dept Store Dept Store Hardline Hardline Hardline Dept Store 7-Eleven.854 2.036 .000 421.778 1.771 3.670 263 10. Shinsegae Department Stores Homeplus.245 28.000 104.000 243.236 7.861 south korea COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Various Various Dept Store Various Various Hardline C-store Hypermarket Various Lotte.800 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (S$) (US$ mn) (US$) (US$ mn) (US$) 9.937 223 28.450 1.200 36.991 643.579 9.800 10.420 216 6.103 1.397.700 662.360 165.694 56.080 375.932 2.755.839 5.971 524.605 28.636 299.182 4 SALES (S$ mn) 1.090.594 10.138 3.583.055 28.830 2.553 3.702 1.590 18.958 62.385 31 20 47 320 2.595.472 496 440 391 374 372 327 326 325 SALES AREA (sqm) 171.800 175.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Country singapore COUNTRY RANKING 2006 RETAILING COMPANY Dairy Farm International Holdings NTUC Fairprice Co-operative Sheng Siong Supermarket Takashimaya (Singapore) Mustafa Holdings Robinson & Co Pertama Holdings Best Denki (Singapore) Courts Singapore Isetan (Singapore) 556 180 17 1 1 14 12 9 10 4 OUTLETS SALES (S$ mn) 1.721 510 4. Homever.120 7.940 38.800 758. Lotte Super E-Mart.361.507 1.384 418 435 373 353 305 318 284 309 SALES AREA (sqm) 174.793 9.610 25.250 29.132 506.601 5.320 6. 562 SALES AREA (sqm) 735.497 218.294 11.378 35 9.844 205.499.000 6.082 88.457 348 38.743 377 83.872 241 3.992 15 800 3.150 OUTLET TYPE FASCIA(S)/BRAND(S) Various C-store Various Hypermarket Various Hypermarket Hardline Others Others Hardline Tesco Lotus.279 2 2.000 33.344 3.134 8.857 15.666.263 53 63.450 1.607 229.097 9.839 3.921 3.638 442 100.462 1.265 2.520 15.750 61.689 2.014 125 17.557 136.437 vietnam COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Various Others Hardline Others C-store Hypermarket Various Dept Store Hardline Bookstore Saigon Coop SJC Saigon Nguyen Kim Shopping Center PNJ G7mart Big C Hapro Mart Diamond Plaza FPT Fahasa RETAILING COMPANY Saigon Union of Trading Cooperatives Saigon Jewellery Holding Nguyen Kim Tien Trade & Service Phu Nhuan Jewelry Joint Stock G7 Trading & Service Casino Guichard-Perrachon SA Hanoi General Trade JSC International Beverages Co (IBC) FPT Corp Ho Chi Minh City Book Distribution OUTLETS 61 102 1 55 500 6 2 1 10 19 1 2 3 4 5 6 7 8 9 10 VN VN VN VN VN VN VN VN VN VN 2006 SALES (VND bn) 3.223 5.807 67 1.807 214 12.845. Marks & Spencer.866 61 1.339 137.000 47.610 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (Bt) (US$ mn) (US$) (US$ mn) (US$) 129.215 78.119 941.630 6.487 465.469 84.714.619 9. Central.490 211.000 149.999.041 2.236 116.857.833.521 48.703 37.500 22. et al 7-Eleven B2S.324 98.864 165 16.700 2007 SALES SALES PER SQM OUTLETS SALES AREA (VND) (VND bn) (sqm) 38.588 270.967 27.255 74.552 7 1.995 26 570 3.999 1 800 8.500 28. The Emporium.050 980 111 675 580 405 SALES AREA (sqm) 78. Tesco Lotus Express.030 9.324 14.913 78 1.066 2.349 166 13.797 432.079 279.550 97.859 46.074 929 3.090 148. Tops Daily.908.000 84.454 307 31. et al Big C Paragon.780 84.591.524.919 257 16.964 90.466 815 10.999.272 655 1.994 567.185 2.650 2. The Cencar Home Product Center Charoen Pokphand Foods ICC International Samart I-Mobile 343 3.325 115 3.724 377 1.149 401 8.699 45 16.800 12.900 3.114 266.410 226 14.354 1.000 8.652 202 12.318 99.904.000 285.984 90 2. et al Carrefour Home Pro.152.304 53 2.033 32.000 223.947 116 14.951 2.953 114.999.372 62 4.663 25 22.132 25 9.050 46.275 49 6.500 2006 2007 SALES SALES SALES PER SQM SALES PER SQM SALES PER SQM (VND) (US$ mn) (US$) (US$ mn) (US$) 30.571 1.700 135.340 306.233 472 1.374.293 348.394 190 2.191.919 297 3.040 279.400 36.323.379 429.480 30.000 7.900 8.131 49 16. Power CP Fresh Mart 108 Shop I-Mobile 1 2 3 4 5 6 7 8 9 10 TH TH TH TH TH TH TH TH TH TH 2007 SALES SALES PER SQM OUTLETS SALES AREA (Bt) (Bt mn) (sqm) 120.882.784 360 49 16 24 41 195 724 382 OUTLETS SALES (Bt mn) 88.757 209.408 2.727.237 2.304 162.550 21.500 17.retailasiaonline.663 36 18.413 254 1.155 137.000 2.380 565.591 66 2.000 2.857.753 859 3.250 58.700 10.098 39.926 397.984 3.076.986 91 13.710 1.800 220.957 COUNTRY COUNTRY RANKING 2006 OUTLET TYPE FASCIA(S)/BRAND(S) RETAILING COMPANY OUTLETS SALES SALES AREA SALES PER SQM OUTLETS 2007 SALES Retail Asia July 2008 Some may reach the top but only the BEST stay there SALES AREA SALES PER SQM 2006 SALES SALES PER SQM 2007 SALES SALES PER SQM 31 www.000 1.781 7 2.458 16 32.997 42 5.800 60 872 23.000 289.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Country thailand COUNTRY RANKING 2006 RETAILING COMPANY Ek-Chai Distribution System CP 7-Eleven Central Retail Corp Big C Supercenter Mall Group.com .508 237.697 563 2.532 3.596 2.000.269 923. The Mall.832 777.578 655 2. 532 7.478 ¥ bn 266.742 8.760 Retail Asia July 2008 SALES PER SQM OUTLETS 1.324.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Retail Format bookstore OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 886 57 40 225 13 368 28 48 33 148 102 76 52 48 320 2.468.761 5.000 385.554 98.385 94.311 1.922.640 880.970 739.013 943 3.383 318 4.082 2.249 11.000 887.274 1.248 2.935 ¥ bn 1.880 401.742 292 4.984 1.725 7.257 RMB mn 509.414 NT$ mn 209.300 945.454 9.792 335 3.000 173.253 67.161 464.000 8.948 402 1.595 ¥ bn 210.469 203. Louis Vuitton.009.734 Won bn 13.630 87.781 12.834.952 ¥ bn 264.450 2.600 11.038 1.090 4.385 2.094.195 1.270 5.678 ¥ bn 2.330 136.527 1.613 ¥ bn 1.829 2.450 1.916 509.802 1.831.964 90.814 1.764 261 4.570 ¥ bn 1. Sunkus 7-Eleven 7-Eleven Ministop Daily Yamazaki Family Mart GS 25.735 281 1.251 447 11.000 905.600 66.948 10.790 262 197.378 8.958 361.000 11.635 1.303 ¥ bn 422.063 713.513 3.077 415 60.462 3.940 8.172 1.512 3.137 12.382 941.519 ¥ bn 1.620 342 1.700 89.508 23.194 ¥ bn 1.269 1.636 3.685 COUNTRY RANKING 2007 SALES PER SQM OUTLETS 888 65 40 236 15 375 31 47 36 139 SALES 121 78 54 47 336 2.910 155.910 5.465 1.125 262 33.896 390 297 26.843 270 1.951 Bt mn 1.516 15.760. Uniqlo Givenchy.820.203.014.200 2.601 37 37 31 30 SALES AREA (sqm) 375.834 ¥ bn 551.242 34 36 29 32 272.915 ¥ bn 1.470.311 918 905.340 322.745 400.000 307.630 6.361 7. et al Birthday.724 361 3.000 6.347 912 4.000 466.230 908.220 3.591 247 4.002 1.949 516 418 350 290 270 179 178 146 127 111 FORMAT convenience store COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) C-store C-store C-store C-store C-store C-store C-store C-store C-store C-store 7-Eleven Lawson Family Mart Circle K.696.800 1.556 12.510 379.327.132.800 119.674 554.293 11.064 3.466.596 2.852.651 1.015 7.187 23.898 459 12.054 264.667 404 2007 2006 2007 SALES SALES LOCAL SALES SALES SALES AREA PER SQM UNIT SALES PER SQM SALES PER SQM (sqm) (US$ mn) (US$) (US$ mn) (US$) 510.630 11.364.994 ¥ bn 3.000 51.018 1.604 101.531 1.300 299.970 957 91 195.185 ¥ bn 1.600 1.000 520 118 133.700 1.439.545 11.516 1.522 2.436 ¥ bn 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 880 2.897 8.797 1.616 210 3.500 7.077 159 174 464.167 120 337 1.095 2.426 1.445 313 3.680 562.475.732 1.753 144.514 15.383.200 73.917 8.518 3.413 52.555.383.415 1. Joy Mart RETAILING COMPANY Seven & I Holdings Lawson Family Mart Uny President Chain Store Corp CP 7-Eleven Aeon Group Daily Yamazaki Bokwang Family Mart GS Holdings Corp 1 2 3 4 5 6 7 8 9 10 JP JP JP JP TW TH JP JP KR KR 32 2006 SALES OUTLETS SALES AREA (sqm) 11.091 5.228 1.773 ¥ bn 2.177.489.590 115.075 8.355 Won bn 6.271 442.081 7.554 11.784 84.669 7.772 21.395.325 307 3.030 118 1.783 10.459 ¥ bn 3.000 37.264 12.950 ¥ bn 500.730 464.357 178.345 1.873 1.201 ¥ bn 3.520 3.700 3.274 259 2.790 ¥ bn 5.000 397.950 308.715 226.223 5.457.461 72.571 61.293 97.423.000 375.031 2.743 658 4.787 4.000 6.497 ¥ bn 1.350 90.207 .847.003.896 2.352 1.184 3. Kenzo.621 33.664 2.240 23.533 211.590 ¥ bn 1.580 224.647 2. footwear & accessories COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) CFA* CFA CFA CFA CFA CFA CFA CFA CFA CFA Footpark.843 231.574 1.475 238.646 ¥ bn 2.571 59. Footwear & Accessories 2007 SALES SALES AREA (sqm) 1.620 1.440.753 7.299 189.810 9.431 800 170 428.545 286.387 6.182 6.580 212.150 55.498 3.222 2.090 37.619 5.602 1.196 357 138 50.215 397.887 12.000 2.226 414 1.230 6.502 1.537.706 262.534 8.246 clothing.550 58.444 Bookstore Bookstore Bookstore Bookstore Bookstore Bookstore Bookstore Bookstore Bookstore Bookstore Book Off Kinokuniya Yurindo Bunkyodo Kyobo Xinhua Bookstore Junkudo Maruzen Sanseido Miraiya Shoten Book Off Kinokuniya Yurindo Bunkyodo Kyobo Book Centre Zhejiang Xinhua Bookstore Junkudo Maruzen Sanseido Aeon Group RETAILING COMPANY 1 2 3 4 5 6 7 8 9 10 JP JP JP JP KR CN JP JP JP JP 2006 SALES SALES AREA (sqm) 375.861 1.687 272 2.130 96.706 227 188.960 ¥ bn 782 4.551 * Clothing.854 Won bn 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 21.086 385 175 800 345 498 880 330 1 2 3 4 5 6 7 8 9 10 JP JP JP JP JP JP JP JP JP JP 2006 SALES SALES SALES AREA PER SQM OUTLETS (sqm) 436 482. Shimamura Onward Hushush Yofuku no Aoyama Aoki Men’s Plaza Sanyo Sanei Right-On Fast Retailing Louis Vuitton Japan Shimamura Onward Kashiyama World Aoyama Trading Aoki Holdings Sanyo Shokai Sanei International Right-On RETAILING COMPANY OUTLETS 1.836 659 4.970 2.800 432.796.700 196. 401 10.265 ¥ bn 22.146 948.491 339.404 ¥ bn 5.048 RMB mn 2.941 5.252.939 793.462 19.584 73. The Body Shop.926.042.468.750 2007 SALES SALES AREA (sqm) 1.143 1.780 1.190 370. Harris Technology Harvey Norman RETAILING COMPANY Edion Corp Gome Electrical Appliances Holding Yamada Denki Suning Appliance Chain Store (Group) Yodobashi Camera Best Denki Bic Camera Kojima Wesfarmers Harvey Norman Holdings 1 2 3 4 5 6 7 8 9 10 JP CN JP CN JP JP JP JP AU AU COUNTRY RANKING 2006 SALES OUTLETS SALES AREA (sqm) 949 2.185 1.659 603.092 ¥ bn 4.844 4.876 2.700 1.846 8.275 7.507 A$ mn 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 17.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Retail Format department store OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 421 209 15 23 18 528 24 232 146 10 2.474.342 8.112 31.776 9.890.467 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 2.492 7.000 282 1.549 8.022 9.600 3.748.967 8.680 504 58.000 19 642 285.490 848.784 1.073 11.902 2.226 1.859.010 999.597 4.249 4.120 12.220 153. Sogo Mitsukoshi Lotte Takashimaya Kmart. Officeworks.062 12.690 1.039 7. Seibu. et al Amcal.476 999.425 3. The Isetan RETAILING COMPANY 1 2 3 4 5 6 7 8 9 10 JP JP JP KR JP AU JP JP JP JP 2006 SALES SALES AREA (sqm) 4.832 ¥ bn 6. Price Attack.000 2007 SALES PER SQM OUTLETS 1.285 967.265 8.436 8.230 554. et al Matsumoto Kiyoshi Sundrug Cawachi API Pharmacies.200 193 4.628 4.761 ¥ bn 5. Target Daimaru.321 4.444 607.429.884 14.091.214 855 7.535 7.166 1.541 8.209.667.412 3.040 22.200 SALES PER SQM OUTLETS 2.519 743.429.958 2.071 10.500 339.054 938.879 2.546 1.662 12.296 985 7.627 1.892 10.313 8.569 577.688 9.640 2.797 A$ mn 3.100 132.430 4.851 3.745 13.916 26.767 5.679.839 1.697 5.000 750.707 11.045.112.892 4.590 ¥ bn 3.188 1.303 1.538 848.206 ¥ bn ¥ bn ¥b ¥ bn A$ mn A$ mn Ps mn ¥ bn ¥ bn ¥ bn .231.286 8.120 1.071.204 SALES PER SQM OUTLETS 429 205 19 23 18 543 24 232 132 10 2007 2006 2007 SALES SALES LOCAL SALES SALES SALES AREA PER SQM UNIT SALES PER SQM SALES PER SQM (sqm) (US$ mn) (US$) (US$ mn) (US$) 4.156 221.183 784 662 585 559 hardline COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Hardline Hardline Hardline Hardline Hardline Hardline Hardline Hardline Hardline Hardline Deodeo.505.423 5.952 2.000 226 498 515.300 512.278 364 766 340 474 217 171 212 645 1.610 1.990 548.200 190.267 10.215 2.162 1.210 1.077.000 1.250.859 529.459 1.290 1.005 Dept Store Dept Store Dept Store Dept Store Dept Store Dept Store Dept Store Dept Store Dept Store Dept Store Jusco.000 520 60.166.547 585.742 12.988 2.169 1.735 2.822 19.606 1.795 672 67.462 1.241 5.469 361 146 284 132 205 116 SALES AREA (sqm) 347.999 3.790 136.496 9.556 10.982 656 1.917 9.827 RMB mn 1.732 19. Robinson’s.509 1.451 14.972 276.248 A$ mn 5.010. Eiden.647.460 676 79.377 4.847.620 4.644 3.010.861 4.600 529.220 987 2.468.920 2.622 ¥ bn 6.238 20 675 544 652 25 520 225 518 193 5.917 ¥ bn 26. Guardian Mercury Drug Sugi Pharmacy Drug Seims Create Super Drugstore RETAILING COMPANY Aeon Group Matsumotokiyoshi Sundrug Cawachi Australian Pharmaceutical Industries Sigma Pharmaceuticals Mercury Drug Corp Sugi Pharmacy Fuji Yakuhin Create Super Drugstore OUTLETS 33 1 2 3 4 5 6 7 8 9 10 Retail Asia July 2008 JP JP JP JP AU AU PH JP JP JP 1.300 189 4.228 6.000 546 608 753.850 208.472 963 7.213 1.581 3.476 316 1.326.290 1.003 885.120 76.209.579 ¥ bn 7.768 5.323 1.658 18.512 607.485 SALES 1.021 Won bn 7.885 7.024.592.333 2. Saty Ito-Yokado.423 1. Yongle Yamada Denki Suning Yodobashi Camera Best Denki Bic Camera Kojima Bunnings.000 1.206.138 15.413 ¥ bn 2.349 608.048 2.188.902 6.000 ¥ bn 868.108 5.538 ¥ bn 1.906 ¥ bn 53.632 807.651 2. Matsuzakaya Seiyu Daiei Isetan Aeon Group Seven & I Holdings Mitsukoshi Lotte Shopping Takashimaya Wesfarmers J Front Retailing Wal-Mart Stores Daiei.888 645.090 8.100 1.830 1.325 13.147 ¥ bn 20.192 240.540 548.515 4.071.606 480.490 212.036 1.863 1.235.768 1.289 6.401 8.690.238 1.889 535.200 23 478 130.437 1.819 3.480 89.015 111.610 1.629.517 10.354.318 2. Midori Gome.709.500 863 8.923 FORMAT health & beauty COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Health & Beauty Sakura Pharmacy.520 163.270 1.610.205 10.696 13.958 4.403 12.649 7.340.382 328 133 266 124 198 112 2006 SALES SALES AREA (sqm) 290.828 14.172 6.400 141.560 1.110 190 4.412 572.405 983.678.377 801 7.415 31.562 3.520 19.331 3.089 1.000 732.660 8.161 820 86.663 9.230 10.369 5.580 218.924 8.400 340.967 784 685 645 546 586.183 3.142 5.331 272.000 300.433 1. Posful.156 20.985 51.726 18.403 10.349 13.929 1.142 323 754 313 488 224 157 206 704 1.500 84.849 695 1.800 4.148.270 2.670 1.561 1.503.235.614. 212 NZ$ mn 1.000 A$ mn 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 1.722 8.900 24.090 6.996 10.314 504.550 986.755 2.035 663.930.121 Won bn 2.698 213 2.088 3.345.539 798.821 89 6.840 16.858 14.385 ¥ bn 3.045 2.000 8.289 14.774 3.526 2.527 129.600 518.802 3.568 29.888 334 2.630 139. Homever A-Best Shinsegae Department Store Samsung Tesco Carrefour (China) Hypermarket Lotte Shopping Wal-Mart (China) Investment Auchan China China Resources Enterprise Ek-Chai Distribution System E Land Corp Shenzhen A-Best Supermarket 101 50 90 51 160 84 222 72 39 99 8.550 17.000 48.230 68.302 222 346 1.600 1.667 FORMAT supermarket COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Supermarket Supermarket Supermarket Supermarket Supermarket Supermarket Supermarket Supermarket Supermarket Supermarket Woolworths Bi-Lo.163 6. CR Vanguard Supermarket RETAILING COMPANY Woolworths Wesfarmers Aeon Group Metcash Trading Australasia Life Corp Daiei.582 1.434 319 4.529 21.000 12.568 1. Wal-Mart Supercenter Auchan.909 2.142 152 4.347 3.000 917.000 Retail Asia July 2008 SALES PER SQM OUTLETS 12.468 3.290 3.511 2.591.000 66.581 2.507 263.232 71 1.474.363 4.330 COUNTRY RANKING Won bn Won bn RMB mn Won bn RMB mn RMB mn RMB mn Bt mn Won bn RMB mn sports goods COUNTRY RANKING OUTLET TYPE FASCIA(S)/BRAND(S) Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods Sports Goods L Breath.728 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 8.600 125 92 305 395 35 177 4.430 910 133 SALES AREA (sqm) 136.064 7.639 Rs mn 329.363 1.153 466.838 1.540 436.563.111 14.033 18.007 2. MaxValu IGA Life Daiei Gourmet City York Mart.032 435.471 6.772 32.580 5.530 6.897 1.796.190 ¥ bn 9.774 2.000 894.647 2007 SALES SALES AREA (sqm) 1.867 1.539 3.480 6.480 2007 SALES SALES AREA (sqm) 1.867 4.464 11.513 ¥ bn 1.269.523 2.025 650 94 2007 SALES PER SQM OUTLETS 976.000 538. Pak’nSave Maruetsu.354 2.113 3.848.000 676.123.642 13.000 77.995 644 814 1.797 1.218 15. Sunday Mart CR Sugo.070 91.090 RETAILING COMPANY 1 2 3 4 5 6 7 8 9 10 KR KR CN KR CN CN CN TH KR CN 2006 SALES OUTLETS SALES AREA (sqm) 8.571 120.338 36.112 1.667 10.463 4.827 2.800 732.017 118.240 3.088 2.237 4.370 742 17.980 4.633 ¥ bn 4.264 332 2.323 14.825 467.045 770 23.717 2.776 30.497 28.874 4.135 10.070 159.185 ¥ bn 404.621.477 789 3.000 24.390 1.530 17.794 2.903 1.270 4.377 ¥ bn 12.249 4.670 204 383 227.444 4.000 1.063 7.870 509.130 37.094 297 2.766 131 7.628 239.864 297 1.261 7.576. Xebio The Sports Authority Nike Rebel Sport Himaraya adidas Reebok adidas Decathlon BCF Xebio Mega Sports Nike Sports Korea Rebel Sports Himaraya adidas Korea Reebok India adidas India Marketing Decathlon China Super Cheap Auto Group RETAILING COMPANY OUTLETS 173 73 352 73 67 320 420 175 13 27 1 2 3 4 5 6 7 8 9 10 JP JP KR AU JP KR IN IN CN AU 2006 SALES SALES AREA (sqm) 128.880 6.425 222.900 14.593 .417 1.332 98 2.317.708 5.514 3.330 173 379 432.739 3.183 2.000 80.256 500.000 1.559 31.344 1.052 1.081 8.374.091 Rs mn 24.512.255 788.473 8.470 131.314 17.682.120 RMB mn 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 16.819 87.056 306.401 8.983 3. York-Benimaru New World.203 A$ mn 808.158 8.269 2.911 6.951 1.644 2.618 4.223 9.706 19.456 111 1.960.346. Pororoca.500 241 348 339.600 ¥ bn 886.849 Won bn 116.418 6.601 745 17.682.500 37.547 3.513 ¥ bn 2.110 4.306 1.669.502.803 4.549 1.166.720 3.749 4.513 A$ mn 281.201 1.297 2.821 1.196 33.500 157.763 811.001.203 120 3.977 6.288 7.121.650 194 405 506.368 413.807 3.700 1.236 990.869 3.595 RMB mn 2.457. CR Vanguard Hypermarket Tesco Lotus 2001Outlet.022.603 3.850 2.000 23.544 3.693 5.642 232.771 A$ mn 12.504.006.010.170 567.959 82 2.556 823 3. Victoria.617 200 416 209 391 186 387 152 4.271 17.600 998. RT Mart CR Sugo.800 13.000 3.562 A$ mn 801.825 1.705.000 308.702 12.787 802.000 16.400 47.711 9.528 88.858 6. The Seven & I Holdings Foodstuffs (NZ) Maruetsu.885 632 798 982.933 184 79 400 74 71 430 520 220 13 37 SALES 136 97 316 401 39 198 5. Coles Kasumi.117 340 3.000 SALES PER SQM OUTLETS 107 61 110 54 179 96 297 74 44 124 8.386 19.942 9. The China Resources Enterprise 1 2 3 4 5 6 7 8 9 10 AU AU JP AU JP JP JP NZ JP CN 34 2006 SALES OUTLETS SALES AREA (sqm) 757 22.169 6.660 14.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Retail Format hypermarket OUTLET TYPE FASCIA(S)/BRAND(S) Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket Hypermarket E-Mart Homeplus Carrefour Lotte Mart Trust-Mart.639 877.415 4.115 1.788 2.562 4.328 9.082 14.800 37.626 8.204 9.827 4.988 8.606 135 2. Victoria Golf.861 9.391 186 2.180 7.054. 491 6.769 4.604 9.880 787.500 173.965.sg ● [email protected] 165 210.091 21.039 COUNTRY RANKING A$ mn A$ mn ¥ bn ¥ bn A$ mn ¥ bn ¥ bn ¥ bn ¥ bn ¥ bn COUNTRY RANKING 2006 OUTLET TYPE FASCIA(S)/BRAND(S) RETAILING COMPANY OUTLETS SALES SALES AREA (sqm) SALES PER SQM OUTLETS 2007 SALES SALES AREA (sqm) SALES LOCAL PER SQM UNIT 2006 2007 SALES SALES SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) FORMAT Stay at the TOP with the COUNTRY RANKING 2006 OUTLET TYPE FASCIA(S)/BRAND(S) RETAILING COMPANY OUTLETS SALES SALES AREA (sqm) SALES PER SQM OUTLETS 2007 SALES Retail Asia July 2008 SALES AREA (sqm) SALES LOCAL PER SQM UNIT BEST 2006 2007 SALES SALES SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) www.180.970 70.230 768 3.681 4.723 1.400 135 845 57 164 315 19 44 2007 SALES SALES AREA (sqm) 307.000 261 129.039 1.823 175.128 330 281 2.686 751 12.785 159.382 2.383 16.950 87 60.000 1.025 2.371 2.retailasiaonline.286 2.380 1.000 375.511 939 13.297 772 3.714 10.232 1.234 247.807 1.180 2.860 2006 2007 SALES LOCAL SALES SALES PER SQM UNIT SALES PER SQM SALES PER SQM (US$ mn) (US$) (US$ mn) (US$) 2.647 4.000 192 354.642 1.782 2.418 6.876 10.400 122 840 56 167 296 15 42 14.876 781.949 222.057 SALES PER SQM OUTLETS 1.695 1.021.455.000 142.com 35 [email protected] 90 239.180.405 3.990 1.943 1.599 11.com.2008 RETAIL ASIA-PACIFIC TOP 500 The Region’s Top 500 Retail Companies By Retail Format others OUTLET TYPE FASCIA(S)/BRAND(S) OUTLETS 1.065 2.696 2.sg .643 Others Others Others Others Others Others Others Others Others Others Metcash Liquor Woolworths Liquor 100 Yen Shop Don Quijote Coles Group Liquor Uny Babies “R” Us.879 16.440 18.538 151.757 357.693 1.809 552.565.290 539.319 4.282 203 198 176 111 90 14.170.495 2.844 1.242 17.682 6.624 252.140 1.740 183.376 1.500 1.901 7.236 1.470 348 2.com.720 9.819 271.750 253.803 1.000 2. Toys “R” Us Muji Tokyu Hands Mr Max Metcash Trading Australasia Woolworths Daiso Sangyo Don Quijote Wesfarmers Uny Toys “R” Us Japan Ryohin Keikaku Tokyu Hands Mr Max Corp RETAILING COMPANY 1 2 3 4 5 6 7 8 9 10 AU AU JP JP AU JP JP JP JP JP 2006 SALES SALES AREA (sqm) 3.168 199 169.179.611 3.551 9.040 3.036 22.000 357. to small-format expansion. despite their lower purchasing power parity. key players have to concentrate on developing strategies to consolidate their position in the region. as key players concentrate on developing strategies to consolidate their position in the region. 37 . the steady growth of double-income families and intensification of credit-card use have contributed to retail-sector expansion. has resulted in a rise in domestic spending. Attractive due to the size of its market in comparison to the relatively minor presence of international retailers. China and India are now firmly established as the three leading countries in the AsiaPacific for retail sales. Tesco is leading this small-format trend in many markets. overshadowing the next-largest markets in the region. Retail sales are increasingly being driven by a youth culture. especially in India. but also in the emerging market economies of India. using this “bottom up” strategy in an attempt to rival established retailers Wal-Mart and Carrefour. particularly in Thailand and South Korea. India has been slow to relax government July 2008 Retail Asia With high occupancy costs continuing to rise. In other countries.MARKET INFO Retail trends in Asia-Pacific An overview by KPMG’s regional Consumer Markets practice Japan. Foreign retail investment focus has been shifting from large. coupled with a growing middle class with more disposable income. Prime retail rentals are on the rise in India and many other parts of Asia. restrictions on foreign direct investment continue to present barriers to big hypermarket retailers. who are now aggressively strengthening their presence and expanding their hypermarket format into remote areas. interested in technological advances and luxury western goods. Occupancy costs are continuing to rise. Singapore and Hong Kong. South Korea. While consumption seems unlikely to grow as strongly as it has over the past five years. both China and India continue to remain attractive locations for foreign investment. such as western China. In spite of these gains. The expansion of urban areas. This year has seen both Japanese Seven & I Holdings open its first Seven-Eleven franchised convenience store and Tesco launching the first of its Express stores in China. Brand and quality are increasingly dictating consumer behaviour not only in Japan. Australia and Indonesia. Indonesia and China. countries that possess some of the world’s most effective communication service industries. total retail sales 2007 (US$ bn) Est.147. which is rapidly expanding in countries such as South Korea.913 3. Online sales account for fewer than 10% of the retail market in Taiwan at present. as the timeframe for development of vacant commercial land has been extended from 12 months to five years. Supermarket chains will be able to set up in the country more easily as a result. which.152 41.0 234.8 2455.3 969. total retail sales 2008 (US$ bn) Source: EIU restrictions.5 49.7% 2.479 34.569 33.033 1.8 GDP/capita current prices (US$ bn) 44.MARKET INFO Retail sales Asia-Pacific. The rise in working single women with more disposable income.809 Inflation rate.612 1. Wal-Mart and Bhs have both signed joint-venture agreements to operate in the country.608 13.956 19. but is expected to expand at double-digit rates.776 3. In order to enhance and maintain the image of their brand.5 Source: Economist Intelligence Unit 1 2 Jones Lang LaSalle. aiming to promote more competition in the grocery retail sector. Japan and Taiwan.3 7.8 206.8 4.4% 4. current prices 906.345 6. will. has encouraged growth in this area.1 Perhaps an interesting area to take note of is the online sales market. INDONESIA AND CHINA that will not pose risk. EIU.844 34.400 1. retailers are looking to overcome challenges by finding suitable quality locations within shopping areas.1% 2.0 432. foreign retailers are seeking joint-venture partners in order to take advantage of the ownership rule. and penetration rates for broadband internet access. Australia’s recent policy reforms. remove major barriers for foreign investors.0% 1. and the “shopping experience” that goes with it. Japan Consumer Goods and Retail Forecast 38 . Rakuten Books in Japan continues to report record sales representing a 30%-year-on year increase 2.378.0 1.000 800 600 400 200 0p Ja an C hi a a a e na di rea alia si an nd si AR or In Ko tr ne aiw aila lay g S ap s o T a n g th Au Ind Th M Ko in S g ou n S Ho Est.9% 1.5 27.8 383. Targeting new locations with appropriate space is a constant Country/ territory Population (million) factor for all retailers.794 16. in effect.321.9% 1. Retailer Sentiment Survey. in contrast. annual change (US$) 2.3% 0. as a recent KPMG report. but also mobile technologies that are transforming retail.7 68.0 186.697 Retail Asia July 2008 Australia China Hong Kong SAR India Indonesia Japan Malaysia Singapore South Korea Taiwan Thailand 20. reveals. December 2007 Viewswire. It is not just online.7 127. and the attraction of owning brands.2% GDP.082 5.935 2.0% 2.373 2.2 4. Mobile auction systems are also evolving. Mobile payments require successful interaction and trust between financial institutions and mobile network operators and both see successful retail adoption as the holy grail for their new technologies. As a result.3 1.868 35.7 1. BRAND AND QUALITY ARE INCREASINGLY DICTATING CONSUMER BEHAVIOUR IN THE EMERGING MARKET ECONOMIES OF INDIA. ra Purchasing power parity GDP/capita (US$) 37.241.2% 3.110.478 41. 2007-08 1.614.200 1. places it in the same league as department stores. which allow foreign investors to own up to 51% in retail such as cash-and-carry and logistics. serviced by well-trained staff. entitled Mobile Payments in Asia Pacific.0 22.0 161. from luxury brands through to the hypermarket chains.453 29.9 3.569 7. The intergration of mega malls with residential and leisure facilities is driving greater sophistication and higher standards in shopping environments.7% 0. Japan boasts a range of mobile wallet or contactless card systems to facilitate business-to-consumer transactions.704 24. Among those with the weakest forecasts (defined as variance in excess of 20% in either direction). Expected impacts of credit crunch over next 12 months 60% 50% 40% 30% 20% 10% 0% Weakening of customer demand Restricted Investment Increased bad debt exposure Reduced access to finance Delayed / Reassessed Financing 44. 61% said they had run a working capital improvement programme over the past 12 months. consumer products and manufacturing sectors. ra ■ eddie. a relatively high proportion involved their operations and procurement teams in the forecasting process. The survey showed that organisations are typically more accurate in forecasting on the payments side compared to the revenue side.1% 40. those with the most accurate forecasts (defined as variance of less than ± 5%). achieved an average net profit ratio of 10.1%. Respondents were often far more concerned by the possibility of the credit crunch weakening consumer demand. around the Asia-Pacific. companies have an opportunity to unlock cash from their business and KPMG believes the most effective way to do this is by creating a real cash culture throughout the organisation. the negative sentiment spreading across the global environment makes it even more important than usual for finance executives to review their cash and working capital management strategies. a high proportion (72%) said they had used the cash released from the programme to expand operations.6%. Among the organisations surveyed. More than 80% of respondents said they had felt no impact or minimal impact on credit facilities from suppli- Organisations have an opportunity to shield themselves from a tightening credit environment by unlocking cash from their business through more effective cash management. KPMG Cash Management Services A new research report by KPMG’s Restructuring Services team suggests mid-sized organisations around the Asia-Pacific have yet to feel the full effect of the global credit crunch. Ultimately.6% 25. Asia-Pacific. mostly in the retail. the average net profit ratio was 2. procurement and operations can all make a meaningful contribution to the cash-forecasting process.1% 31. Regional Head. with only 13% seeing a significant impact in terms of reduced access to finance. Nevertheless. In early 2008. Among those with the most accurate forecasting of payments. Do you believe that the management of cash is of strategic importance to the operation of your business? 4% 1% 22% Of vital importance 39% Of great importance Of importance Of slight importance Of no importance at all 34% factor in achieving working capital improvements and ultimately raising profitability.7% 23.com.middleton@kpmg. a majority said they had achieved an improvement in working capital of 10% or more. Interestingly. KPMG surveyed finance executives at 152 companies. Accuracy of forecasting is a critical A HIGH PROPORTION SAID THEY HAD USED THE CASH RELEASED FROM WORKING CAPITAL PROGRAMMES TO EXPAND OPERATIONS. Of those.hk 39 July 2008 Retail Asia . not just something that the finance department handles. meaning that cash management should be an organisation-wide responsibility.0% ers. Other functions such as sales.Issues facing retailers in Asia-Pacific ■ Cash and working capital management By Eddie Middleton. Among the respondents. This suggests many mid-sized organisations remain bullish in their outlook and may have yet to feel the full implications of tightening credit. while fewer had used the cash to repay debts (39%) or to pay shareholder dividends (38%). there are ample avenues to reduce customs duties and to gain strategic access to opportunities afforded by preferential trade agreements. companies should stay abreast of the various opportunities presented by preferential tariff treatments or for organisations to participate in actual trade agreement negotiations to advance an industry’s interest. At this stage. Further. Variations in the method of appraisement used. With a number of free trade agreements (FTAs) signed and new Retail Asia July 2008 In retail markets. prices. costs and margins may vary for similar or identical products. Therefore. it is worthwhile to identify and remove any non-dutiable or non-taxable items from declared items to reduce the overall dutiable value of the product.MARKET INFO ■ Customs planning opportunities By Alex Capri. increased regulation and more aggressive enforcement of border controls are likely. taxes on imported luxury items are subject to frequent changes and adjustments. ra ■ acapri@kpmg. it is imperative for trading entities to ensure that they can proactively manage changing customs regulations at the local and regional levels to ensure that duty. Managing Director.com. could allow companies to have the opportunities to propose and defend lower bases for customs duties resulting in savings on costs while protecting their bottom line. under highly competitive conditions. which means that unit prices at this point would have already been subjected to most levels of taxation. Increased third-party involvement (for example. taxes and fees paid are kept to a minimum. INCREASED REGULATION AND MORE AGGRESSIVE ENFORCEMENT OF BORDER CONTROLS IS LIKELY. and often sold via aggressive or sophisticated marketing campaigns. retail goods generally come from various sources. the slightest cost-saving opportunity can be of competitive significance to companies. For example. product standards and sanitary measures may also be a growing concern together with health and safety issues on imports from certain countries. In such a fluid environment. FTA negotiations taking place across the Asia-Pacific. 40 . As such. the use of subcontracted entities for manufacturing) may also be a source of risk as companies may have minimal control over their compliance processes and operations. KPMG Asia-Pacific Trade & Customs Practice Throughout Asia. companies importing branded items may have to consider the implications of post-importation remittances such as royalties and proceeds from subsequent sales. As markets grow and intraregional trade increases. With brands and intangibles gaining a wider appreciation. based on the World Trade Organisation valuation hierarchy. From a customs perspective.sg AS MARKETS GROW AND INTRAREGIONAL TRADE INCREASES. This is driven by the need to not only increase revenue flows (tariff measures). there can be many ways to reduce customs liabilities. but also protect consumer interests (non-tariff measures). Retail products are generally at the final stages of the supply chain. Foreign branding indicates potential transfer pricing issues relating to royalty payments and management services. local promotion activities indicate there could be an investment in building up local marketing intangibles and consumer loyalty. albeit involuntarily. Article 41 of the new CIT law provides for cost-sharing arrangements. July 2008 Retail Asia 41 . retailers clearly need to understand the implications of the changing tax environment in China. they need to establish a clear strategy to handle transfer pricing issues. Having concluded several APAs. and theoretically no additional business tax and withholding income tax need be levied. Conversely. especially so when it comes to transfer pricing.tseng@kpmg. highly visible to tax officials. APAs are viewed as beneficial to both taxpayers and the tax authorities because these arrangements are seen as enhancing the predictability and certainty of the taxation of related party transactions. which reduces the risk of challenges to outbound royalty payments or the sharing of service costs. market expansion and local acquisitions and investment. each Chinese taxpayer needs to understand the transfer pricing environment in China. companies with local marketing expenditures that will create value for a brand will benefit from cost sharing as well. Companies can consider these as longterm solutions other than simply maintaining documentation administration. APAs can be applied to resolve any issues involving the transfer price of management service fees. Advanced Pricing Arrangement (APA) which have made headlines in the Chinese transfer pricing environment in recent years. an enterprise may share common costs based on the principle that “the costs and expected benefits are matched”. The cost-sharing agreements can be used in intellectual property or services-related arrangements. while it is growing and changing dynamically.cn China is one example of a market where tax officials are becoming increasingly assertive. they are given a tool to negotiate with the tax authorities to agree on a conclusive method to resolve any ambiguity they may have. as a result. The State Administration of Taxation (SAT) is now demanding that the domestic affiliate of a company substantiate royalty payments by producing evidence that third parties are paying similar licensing royalties. The new CIT Law introduces the new concept of Cost Sharing Arrangement (CSA). Likewise. where royalty payments become a transfer pricing issue for retailers. so cost-sharing mechanisms may provide an alternative. so they become. Under Article 112 of the CIT implementing rules. as well as administration processes. The recent documentation requirements require taxpayers to maintain sound transfer pricing compliance practices. taxpayers are forced to pay more attention to their tax and operational structure. While China is not very much different from other countries in terms of regulations.■ Managing transfer pricing risks By Steven Tseng. A qualified cost-sharing agreement. is likely to benefit taxpayers in several ways. which questions the validity of royalty payments. China has adopted and customised the transfer pricing guidelines issued by the OECD. Asia-Pacific KPMG Global Transfer Pricing Services As retail companies seek to raise their profile through branding and advertising. considering that most retail companies conduct their purchases and sales with non-related parties. In this respect. or that has made significant local marketing expenditures within China to adapt or maintain the value of the brand. ra ■ steven. APAs can prevent taxpayers from being involved in costly and exhausting transfer pricing investigations. This may seem surprising. A company is likely to benefit from cost-sharing arrangements because the royalty payment for using the brands or allocated service costs will be deductible. while reducing business and withholding tax burdens.com. Regional Head. With the promulgation of the new Corporate Income Tax (CIT) Law. APAs and CSAs both offer taxpayers sound possibilities of managing transfer pricing risks and create an approach that satisfies both taxpayers and the tax authority. as well as Tax officials around the region are showing a growing interest in retail companies. Understanding the existing legislation and documentation requirements is a critical first step. In this respect. As authorities in the AsiaPacific become increasingly interested in asserting the value created by local marketing activities. China’s SAT has definitely become more sophisticated in its approach to resolving transfer pricing issues. In the services area. limitations may be placed on what can be charged from abroad to the local affiliates. In particular. It could be particularly advantageous to a company using a brand originally owned and developed abroad. China is one example of a market where tax officials are becoming increasingly assertive. according to figures provided by the United Nations World Statistical Yearbook. Even more so than other Asian markets.012kg. MILK REPRESENTS THE LION’S SHARE OF TOTAL DAIRY CONSUMPTION IN CHINA. at present such barriers are largely commercial in nature. Fonterra and Nestlé. is extremely modest.cn Retail Asia July 2008 EVEN MORE SO THAN OTHER ASIAN MARKETS. The market is still tiny when compared to other Asian countries. Chinese officials and economists have expressed hope that similar free trade agreements can be reached with other food-exporting nations. representing less than 1% of the total dairy market. There are very few policy-related limitations or restrictions affecting importation of dairy products. China’s cheese consumption in 2006 was around 14. China’s consumption on a per capita basis. These supply chains are one area where foreign investment and processing technologies may be able to play a role. milk powder is still a key product. So what opportunities are there for retailers and foreign investors? A new report by KPMG China investigates. These companies are competing against a number of well-established domestic brands. As the Chinese market grows. however. has had an immediate impact. signed in April 2008. Almost 60% of milk on the market is UHT milk. That said. ra ■ thomas. this in turn creates opportunities for companies to invest in downstream processing and ancillary sectors such as chilled logistics and packaging. Commercial Due Diligence Unit. PARTICULARLY FLAVOURED MILK BEVERAGES AND YOGHURT.MARKET INFO China’s growing taste for dairy products By Tom Stanley. For example. the very low level of per capita consumption and lack of affordable refrigeration systems have deterred the development of the chilled supply chains that dairy products need. due to the inefficiency associated in shipping a product with such high water content. Bongrain. For this reason. annual consumption per capita is 0. which can be stored longer and is easily distributed. it is not only behind the world average of 270g. particularly in the countryside. A new industry standard. rather than a result of government policy.com. cheese and dry milk. China’s dairy market may remain somewhat fragmented for many years to come. China may start to produce more of these products domestically. have already invested in domestic dairy companies or formed joint ventures in the Chinese market. is expected to benefit the dairy sector as tariffs on the sector are due to be phased out over the next five to 12 years. could affect their ability to succeed in China. But its relative significance will continue to erode as stronger supply chains allow more fresh products. and is expected to surpass 25 million tonnes for 2008. is increasingly popular. The largest opportunities may lie simply in importing milk products.000 tonnes. the report suggests that consumption in all main categories has potential to continue rising in absolute terms. Some foreign companies.stanley@kpmg. milk represents the lion’s share of total dairy consumption in China. although not necessarily raw liquid milk. It is also the case that although the costs associated with establishing infrastructure and distribution channels present some of the greatest obstacles to succeeding in China. KPMG China Total dairy consumption in China reached 19 million tonnes in 2006. particularly flavoured milk beverages and yoghurt. While investors may be concerned that barriers to entry. while domestic tastes become more sophisticated. although not the dominant product in the market. teurised milk. such as those in place in the European Union. but consumption is still low in per capita terms. There may be significant opportunities for imported products such as whey powder. A new report published by KPMG China explores some of the opportunities for overseas and local dairy producers in this nascent but growing dairy market. China’s recent free trade agreement with New Zealand. Pas- China is already one of the world’s largest markets for milk and dairy products in absolute volumes. but also the regional average 140g. compared with 2. However.08kg per capita in Japan. At 42g per day. At present. This growth would place China’s total market size ahead of major European dairy markets such as France and Germany. 42 . Partner. but the rapid growth of consumption is sure to precipitate significant changes to the industry at all levels. such as Danone. these are areas where distribution will remain less of an impediment to competitive pricing. mandating that only pasteurised milk can use the word “fresh milk” on the product label. a decade-and-a-half of strong economic growth and positive consumer sentiment has seen enterprises achieve continuing growth in sales and dramatic change in the scale of their business. managers should be looking at a range of other measures. Rising interest rates. Strategy is the means by which the enterprise achieves its vision. sell-through percentages. In fact. KPMG believes there are at least seven key issues that retail executives should be alert to as they attempt to create a resilient business. inflation and slowing economic growth all have the potential to depress consumer spending in the Asia-Pacific. centring on short-term and peripheral objectives. structural and management weaknesses. aggressive discounting will often meet sales targets. deep discounting often signals a retail business in financial difficulty. However. Many may be ill-prepared to deal with more difficult trading conditions. leaving the enterprise excessively vulnerable to adverse external events and circumstances. When sales targets are missed. ■ Inconsistent vision and strategy Vision can be defined as the glue that binds people together in common efforts and common values.Preparing for challenges ahead By George Svinos. we are likely to see greater uncertainty and wider performance variations between different merchandise categories and locations. responsible individuals often escape accountability for under-performance. Strategy becomes detached from the vision. but at the expense of gross margin dollars. In the Asia-Pacific. In this regard. Without clear. Businesses often lose sight of their original vision. sales growth has often masked poor profitability and developing financial. To assess the business’ real commercial performance. At the very least. gross margin dollars. shrewd retailers are constantly reminding themselves that sales do not automatically translate into profits. consistent and transparent performance measures. Indeed. cash flows and stock turn rates. Asia-Pacific Head of Retail. The consequences are starting to be felt across the retail sector. No one can predict the depth and duration of the current slowdown. These can include gross margin percentages. a consumer downturn is always a frightening experience. much might be made of an improvement in gross profit percentage and vice-versa. Thus. KPMG Australia For retail executives. Sales figures are the traditional measure of retail performance and are typically the basis for measuring and rewarding individual and business unit performance. ■ Incongruent objectives and performance indicators Most retailers are obsessed with sales. or key performance indicators (KPIs). In the absence of appropriate performance measures. 43 July 2008 Retail Asia . businesses Issues to address Prudent managers will be hoping for the best and planning for the worst. ■ Poor-performance measurement Trading post mortems in retail businesses are often exercises in dodging bullets. The poor performers not only experience high turnover. Reporting often lacks timeliness and a failure to identify and highlight important business trends. Repeated studies of retail enterprises have shown that that high staff turnover impairs business performance. Avoiding these fates involves an honest and insightful appraisal of the business’ present position followed (if required) by the rapid development and execution of a realistic restructuring and recovery plan. They end up measuring things that do not add value while ignoring those that do. They unwittingly foster a culture of complacency and tolerate chronic under-performance. inflexibility and a proliferation of paperwork. Even successful. They reward the free riders. A transparent performance measurement framework that rewards behaviour consistent with corporate objectives eliminates the need for micro-management.com. 44 .hk. There is a lack of focus on a small number of vital KPIs.hk or contact Anson Bailey. data has been sourced from local and international media sources. Its symptoms include a lack of empowerment. or consigned to the corporate knackery. The important thing always is to seek advice before matters get out of hand. key suppliers and trade creditors will need to be kept informed about critical financial and performance matters. but also tend to lose their best workers while retaining the mediocrities and timeservers. Unless cited otherwise. ra ■ george. The following are four recent KPMG publications. principal for business development with KPMG China: anson. lenders. or micro.MARKET INFO fail to properly link their visions. It is about keeping options open.svinos@kpmg. ■ Activity that fails to add value Over time many retailers accumulate reporting and management baggage that adds little or no value to the organisation. ■ Poorly-understood relationships and dependencies Managers and employees working in separate ‘silos’ fail to grasp the enterprise business model and how their efforts add (or detract) from enterprise performance.bailey@kpmg. not closing them off. ■ Excessive employee turnover Retailing traditionally suffers from high employee turnover. They also need to position themselves to take advantage of business opportunities that can result from competitors’ problems. There is often too much emphasis on historical reporting with insufficient attention given to leading indicators. but absorbs time and resources that could be profitably spent elsewhere in the business. neglecting or penalising the real contributors. Fast-growing retail businesses often suffer from micro-management because the original managers and proprietors fail to adapt their behaviour and practices to what has become a larger and more decentralised business structure. strategies and KPIs.com.kpmg. Communication and collaboration is discouraged. Sometimes that realisation comes too late and the business suffers severe damage to its operations and reputation. Conclusion A retail downturn often jolts key managers into the realisation that their existing business model and level of commercial performance is unsustainable. It might even end up being sold off to a cashed-up predator at a bargainbasement price.com. Misdirected cost-cutting harms rather than enhances business performance. Product Sourcing in Asia-Pacific China’s Luxury Consumers: Moving up the curve Transfer Pricing and Customs for Consumer Markets in Asia-Pacific The Milk and Dairy Market in China Retail Asia July 2008 For more details of KPMG’s thought leadership programme. Core business and resource management processes are overlooked or ignored. sluggish responses to changing business conditions. ■ Micro-management Excessive. well-managed and financially-sound retail enterprises should think about how they will manage the downturn to minimise any damage to the longterm viability of the business.au KPMG thought leadership KPMG member firms have produced a range of thought leadership on subjects that are relevant to the retail sector. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Good employees soon learn that they can obtain more recognition and reward elsewhere. They miss the early warning signs of commercial and financial stress. At the same time. visit www. management is defined as highly centralised decision making and management by intervention rather than exception.