Dairy Farm news

15 April 2014
In the competitive Hong Kong market, two leading grocery retailers promote brand credentials in their latest marketing campaigns. Wellcome emphasising heritage credentials As Wellcome celebrates its 68th anniversary, the retailer has launched a short film on TV and social media sites to emphasise the brand's long heritage in the Hong Kong market and build an emotional connection with shoppe...
07 March 2014
The pan-Asian retailer reports sales and underlying profit growth of 8% in 2013, and investment is underway to secure growth for the future. Headline figures Sales including 100% of associates and joint ventures rose 8% to USD12.4bn Positive like-for-like sales across most major businesses Underlying profit grew 8% to USD480m However, if the the write-off of prior years' Mala...
04 March 2014
Reporting improved sales results across all formats for full year 2013, Dairy Farm's local operator in Indonesia announces expansion plans for the year ahead. Robust revenue, but profit pressure from rising costs Net revenue grew 13% to IDR 11.9tn, whilst gross profit saw even stronger growth at 17% to IDR 2.8tn. However, operating income declined 5% to IDR 420bn, as the company faced inc...
03 February 2014
Malaysia's government launches a discount campaign in co-operation with supermarkets to reduce the pressure of rising prices on shoppers. Ten key retailers participate Both international retailers such as Tesco, AEON and Dairy Farm, and local retailers including Mydin, Econsave and 99 Speedmart, are participating. The combined store networks of these retailers reaches close to 1,000 outle...
13 August 2013
Pan Asian retailer Dairy Farm's local partner in the Philippines accelerates store openings.   Dairy Farm's partner Rustan's accelerating store openings This news follows Dairy Farm's entry to the Philippines in 2012 via a 50% partnership with domestic retailer Rustan's Supercenters. Last year Rustan's Supercenter opened three new stores. In 2013 it plans to open 15 new stores, and ...
01 August 2013
Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...
27 June 2013
Three stories from Asia highlight the continued expansion of the convenience store in the region, with different retailers announcing plans for growth in China, Indonesia and Malaysia. 7-Eleven to grow presence in China As part of the joint venture between Mitsui & Co, Southern Hope Industrial and Seven-Eleven Investment, 7-Eleven has announced that it will open 300 stores in Chongqing, sou...
11 March 2013
Dairy Farm reported sales of USD 9.8bn for full year 2012, an increase of 7% year-on-year, with mixed fortunes across its operating markets. Overview of performance in 2012 Dairy Farm's overall performance was positive in an increasingly challenging trading landscape. Decline in underlying profit was attributed to accounting errors in its Malaysian operations - adjusted figures showed an...