President Chain Store Corp (統一超商), which runs the 7-Eleven convenience store chain in Taiwan, was joined by PX Mart Co (全聯實業), which operates the nation’s biggest supermarket chain, as the only two Taiwanese firms to make the list of the world’s top 250 retailers, Deloitte Taiwan said on Tuesday last week.
President Chain posted revenue of NT$8.59 billion (US$279.73 million) during the survey period of July 2021 to June last year and took 136th place in this year’s retailer rankings, while PX Mart posted NT$5.69 billion in revenue and was ranked 214th, Deloitte Taiwan told an online seminar on retailers.
President Chain is the only Taiwanese retailer that has won a spot for nine years straight, as it has embraced digitalization as seen by the introduction of an “open point” app, which encourages consumers to collect points through their purchases in exchange for free gifts, and developed unique services to meet new business needs, the consultancy said.
As a result, the convenience store chain has carved out a distinct business model that highlights quality living and mixed uses for its outlets, Deloitte Taiwan said, adding that 7-Eleven stores in Taiwan offer more products and services than counterparts elsewhere.
PX Mart entered the list for the first time after gaining headway in revenue and sustainability achievements, Deloitte said.
The improvement came after the supermarket chain collaborated with well-known designers to alter floor plans, shopping flows and atmosphere of its retail spaces so that it can better cater to the needs of different age groups, it said.
Globally, US retailer Walmart Inc led the survey after generating US$572.75 billion in revenue during the survey period, ahead of Amazon.com Inc with US$239.15 billion and Costco Wholesale Corp with US$195.93 billion, Deloitte said.
Chinese e-commerce company JD.com Inc (京東) climbed two places to seventh due to 25.1 percent growth in revenue to US126.39 billion, making it the fastest-growing retailer, it said.
The world’s retail environment has become more hospitable compared with a year earlier, with pent-up demand for apparel and accessories driving the 31.3 percent annual sales growth in this segment, Deloitte said.
PATENTS: MediaTek Inc said it would not comment on ongoing legal cases, but does not expect the legal action by Huawei to affect its business operations Smartphone integrated chips designer MediaTek Inc (聯發科) on Friday said that a lawsuit filed by Chinese smartphone brand Huawei Technologies Co (華為) over alleged patent infringements would have little impact on its operations. In an announcement posted on the Taiwan Stock Exchange, MediaTek said that it would not comment on an ongoing legal case. However, the company said that Huawei’s legal action would have little impact on its operations. MediaTek’s statement came after China-based PRIP Research said on Thursday that Huawei filed a lawsuit with a Chinese district court claiming that MediaTek infringed on its patents. The infringement mentioned in the lawsuit likely involved
EXPECTATIONS: The firm, which is on track to outpace global foundry industry revenue growth, said it expects constrained advanced process capacity amid stronger AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday increased its projected revenue growth for this year to above 25 percent, as stronger-than-expected demand for premium smartphones and artificial intelligence (AI) devices are to drive greater utilization of cutting-edge 3-nanometer and 5-nanometer chips. In April TSMC estimated 21 to 24 percent annual growth. The firm’s revenue growth is on track to greatly outpace the global foundry industry, which is expected to rise about 10 percent this year. “Over the past three months, we have observed stronger AI and high-end smartphone demand from our customers, which is to boost the overall capacity utilization for our leading-edge
INVESTMENT: The company’s planned complex in Texas would be the first 12-inch silicon wafer fab built in the US in more than 20 years, a GlobalWafers official said GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said it secured up to US$400 million in direct funding from the US Department of Commerce under the CHIPS and Science Act for the construction of two new advanced fabs in the US. Its subsidiaries GlobalWafers America and MEMC LLC are to build a 12-inch silicon wafer fab in Sherman, Texas, and another one in Missouri to produce silicon-on-insulator (SOI) wafers used to make leading-edge chips. “With the support of the [US President Joe] Biden Administration, we are honored to be bringing to American shores the world’s most cutting-edge 12-inch semiconductor
Nikon Corp is fielding strong demand for its legacy chipmaking machines in China, which is mobilizing resources to build its own semiconductor supply chain. Inquiries for the Japanese precision maker’s lithography tools have surged in China, Nikon president Muneaki Tokunari said. The company is set to revamp a lithography machine geared for decades-old manufacturing processes. Its NSR-2205iL1, launching this summer, would serve the market for mature chip technology and Nikon expects to sell more than 10 units of the machine annually, said Tokunari, who is also chief operating officer and chief financial officer. New companies are sprouting up in China to make