Dairy Farm news

26 January 2015
A round up of expansion plans reveals interest of international retailers for this high-growth market. Dairy Farm acquires stake in drugstore format Dairy Farm has acquired a 49% share of local drugstore chain Rose Pharmacy Inc. Benjamin B. Lim, an officer of the Cebu-based Pharmacy retailers confirmed yesterday about the joint-venture of two businesses. A spokesperson for Dairy Farm said, “...
22 January 2015
Retail sales in Asia will soar in Q1 2015, thanks to the peak season of Chinese New Year. According to major retailers in the region, this busy season usually contributes 20% - 40% to their annual revenue. Biggest promotional season of the year The event starts on the 18 February this year. However, retailers are typically preparing themes and activities to promote the season eight weeks i...
19 January 2015
This round up of latest news includes: Giant's expansion plans, Watsons' social media engagement strategy and Tesco's Chinese New Year promotional plans. GCH Retail plans multichannel expansion Dairy Farm's local operations in Malaysia, GCH Retail, plans to open four new Giant hypermarkets in 2015. Competition in this channel is fierce, with Giant, Tesco and AEON competing for customers. ...
13 January 2015
Yonghui posted revenue of RMB36.77 bn (USD6.0 bn) and net profit of RMB851 mn (USD138.8 mn), up by 22.38% and 18.05% year-on-year respectively, in its annual results for 2014. During the year, Yonghui opened 54 new stores, 31 of which were opened in Q4. By January 9, 2015, Yonghui operates 339 stores in China. Yonghui has made a few strategic moves in the past year, which have supported the in...
13 August 2014
As key Indonesian retailers report income decline in H1, we examine the market's rising costs. Sales growth tempered by income decline for Hypermart and 7-Eleven operators In the first half of the year, Matahari Putra Prima, operator of Hypermart stores, saw strong double digit revenue growth, up 18% to IDR 6.4tn. However, in the period net income decline 8% to IDR 203bn. Similarly Mo...
11 August 2014
Pan-Asian retailer Dairy Farm is set to acquire a 19.99% stake in one of China's fastest growing grocery retailers Yonghui, paving the way for collaboration and faster growth. Plans for collaboration Dairy Farm Company has agreed to acquire a 19.99% interest in Yonghui at a cost of  RMB5.69bn (US$925mn). The regulatory approval process needed is expected to take at least six months to c...
01 August 2014
As it reports another mixed performance across its pan-Asian portfolio, Dairy Farm emphasises its investment in stores, infrastructure, supply chain, and people. Group results headlines Sales increased by 5% to US$6.3bn Like for like sales growth in most major markets All divisions reporting sales increase in H1 Underlying profit behind last year Tough challenges for food...
29 July 2014
Dairy Farm's Indonesian operations report net revenue up 17%, but underlying operating income declining sharply by 72% in the first half, amid rising costs and competitive conditions. "Disappointing" results amid challenging conditions In the period net revenue grew 17% to IDR 6.4tn, with sales gains across all formats. This was driven in part by 23 new store openings. However, Hero rep...
11 June 2014
The launch of Giant Radio will be music to shoppers' ears in Malaysia. Giant stores nationwide will play the station from August. A fun new way to engage with shoppers Giant hypermarkets and supermarkets will enjoy a mix of Malay, English and Chinese songs, alongside communication around events, offers and promotions. The initiative is the first of its kind in Malaysia. "We are reall...
28 April 2014
Following a recent trip to a land of 'unorganised retail', Laura May looks at how the Indian grocery landscape is evolving as international retail players enter the market. A stark contrast to grocery retailing as some may know it, India's millions of market stalls and specialist shops, kiranas and kiosks - collectively known as 'unorganised retail' - account for around 98% of the country's gr...