SINGAPORE, 26 July 2017 – NTUC FairPrice (FairPrice) today officially announced a strategic partnership with Tesco, a leading multi-national food retailer based in the United Kingdom, to cater to the evolving needs of Singapore consumers through a wider range of quality international food products and a new Tesco finest* store-in-store retail experience.
Mr Seah Kian Peng, CEO, NTUC FairPrice said: “NTUC FairPrice and Tesco share a common goal to make lives better by providing the community with access to quality products that offer good value. This strategic partnership will help boost our ongoing efforts in catering to the changing lifestyles and tastes of our customers. With like-minded partners, we are able to leverage on our respective strengths and benefit customers at our stores by offering an even wider range and choice of quality international food products at great value.”
Mr Tony Hoggett, CEO of Tesco in Asia added: “We are delighted to be working in partnership with FairPrice to introduce the Tesco brand to shoppers in Singapore. FairPrice shares our dedication and commitment to serving the evolving needs of our customers. With FairPrice’s local expertise and Tesco’s track record of sourcing great quality products from around the world at affordable prices, we are confident that together we can offer unrivalled quality and value to shoppers in Singapore.”
Over 400 Tesco products available at FairPrice
Over 400 Tesco products offering a wide range of quality international food products at great value will be available across close to 60 FairPrice stores island-wide and on FairPrice Online, adding to FairPrice’s extensive stable of grocery products.
The range also includes Tesco finest*, with products such as Fair Trade certified coffees, authentic Italian pasta from Gragano, traditional British biscuits and a large selection of award-winning quality wines around the world. These best-in-class products cater to discerning customers who value authentic ingredients sourced with care.
The partnership will look to further extend the Tesco range to include an even greater variety of packaged and chilled foods in time.
New store-in-store concept
To further enhance the shopping experience for customers, selected FairPrice stores will now offer customers a new store-in-store grocery retail experience, starting with FairPrice Finest at Bukit Timah Plaza.
Customers will be able to enjoy the Tesco finest* shopping experience featuring a modern and sophisticated look-and-feel where about 150 specially curated Tesco products, including the widest selection of Tesco wines available in Singapore, will be available exclusively.
To provide an all-rounded experience, customers will have the opportunity to sample a wide variety Tesco of products while Tesco ambassadors will be on hand to share tips and recommendations on the latest international offerings from Tesco.
Serving customers better through different retail experiences and formats
The Tesco finest* store-in-store concept is the latest enhancement to FairPrice’s existing stable of six supermarket formats, which cater to different market segments: FairPrice supermarkets reach the general population with its range of groceries and essentials; FairPrice Finest provides a more cosmopolitan and premium selection for the mass affluent; FairPrice Xtra hypermarkets provide families with a one-stop shopping experience from groceries to electronics and general merchandise; FairPrice Shop caters to budget-conscious shoppers by providing a more focused range of greater value products; FairPrice Online provides online grocery shopping convenience; and Warehouse Club is a membership based warehouse format that provides greater savings through bulk buys and discounts.