Dairy Farm news

20 January 2020
7-Eleven’s new initiative serves migrant workers in Singapore who wants to send money home using cash. Serving unbanked customers Customers can initiate a remittance transaction using the Pay2Home mobile app which will generate a QR-code bill for cash payment at any 7-Eleven in Singapore. "We are excited to be partnering with Pay2Home as 7-Eleven continues its journey to expand on our serv...
14 January 2020
We spent a day in Melaka to understand how the key retailers drive sales in the lead up to Chinese New Year. The popular Jonker Street night market, located in Chinatown, was packed with locals and tourists. To drum up the spirit of Chinese New Year, the street was lit with red lanterns and the God of Fortune gave out lucky red envelopes to everyone. Source: IGD Research   AEON Band...
03 January 2020
We visited three stores that were revamped or newly launched in Singapore over December 2019.  These stores showcase the retailers’ efforts to enhance the shoppers' experiences with technology, store design and layout, and unique ranges. FairPrice supermarket in Woodland Civic Centre After an 8-month expansion period, FairPrice supermarket has reopened with a wider range and new look. Woode...
06 December 2019
South Korean drugstore operator Olive Young is partnering Dairy Farm to expand in Southeast Asia. The two businesses had a joint venture running from 2002 to 2008. Launching in Singapore, Indonesia and other markets Dairy Farm will distribute Olive Young products through its health and beauty stores. Olive Young will first launch in Singapore, with around 110 of its products sold at about 5...
03 December 2019
IKEA will open its seventh store on Jiuzong Road in Neihu District, Taipei, Taiwan next year. Seventh store to open in 2020 The new store will operate approx. 2,300 sq m and open in the first half of 2020. It will be one of many brands housed in a large shopping mall, which includes Costco, Carrefour and RT Mart. Strengthening coverage IKEA has strong brand presence in Taiwan, having ...
20 November 2019
GCH Retail (Malaysia) Sdn Bhd, which operates Mercato, Giant hypermarkets and supermarkets, Jasons Food Hall and Cold Storage, has opened a new Mercato in Penang. Third Mercato in Malaysia The retailer has included 2,000 new products, including high-end grocery products and fresh ingredients at the new Mercato in Penang. It focuses on niche and international ranges with fresh imports like f...
08 November 2019
Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year. Steady third quarter overall, but weak consumer sentiment in Hong Kong Dairy Farm said it performed "steadily" in the third quarter, with overall earnings in line with the comparable period the prior year. Performance across all channels, however, was impacted by difficult m...
24 October 2019
IKEA plans to open its first store in Macau in the first quarter of 2020. First store located in Taipa The new IKEA store will be located in Taipa, an island south of Macau Peninsular and joined to Coloane by the Cotai Strip. It will operate 8,361 sq m / 90,000 sq ft and offer a wider range of home-furnishing products. The store will also feature several showrooms, an IKEA cafe and a Swedis...
28 August 2019
Seven refreshed stores reopened in a single day. Improved stores across all formats Dairy Farm Malaysia completed its refurbishments on seven more stores under the Giant banner. These stores have an improved layout as well as other improvements, such as more spacious aisles and improved sightlines through lowered shelves. Seven stores were reopened in the state of Johor – four hypermarke...
01 August 2019
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales increased 13% to US$13,781m, but subsidiary sales fell 3% to US$5,761m. Overall performance encouraging Dairy Farm’s overall performance is recovering. It recorded positive sales in four out five divisions and underlying profit for the first six months was up 5%. Strong performances from associates a...