Dairy Farm news

27 April 2016
Dairy Farm, through its Malaysian subsidiary, has opened its first store in Cambodia, with the launch of a Giant hypermarket in the capital city. New shopping malls aiding modern retail expansion The first store has opened in the Phnom Penh Grand City Mall and will kick start the expansion plans for the retailer into the market. New locations are becoming increasingly available for retai...
09 March 2016
Asian retail giant Dairy Farm has revealed that sales were up 5% on a constant currency basis for the financial year ending December 2015, but the challenging operating environment across Asia resulted in a 17% fall in profit. Performance impacted by difficult regional conditions Despite sales improvement across all formats in constant currency, the group’s like-for-like sales remained ...
25 February 2016
Hero Supermarket, Dairy Farm's subsidiary in Indonesia, has announced that it will sell its Starmart convenience store operations. FamilyMart Indonesia takes over Hero has signed a deal to sell 80 Starmart stores to PT Fajar Mitra Indah, an Indonesian food conglomerate that owns the FamilyMart franchise in the country. After the transfer, Starmart will trade under the FamilyMart bra...
12 January 2016
GCH Retail, Dairy Farm's subsidiary in Malaysia, has announced plans to open six new Giant hypermarkets this year and refresh 28 additional stores. New stores to expand geographic coverage The new Giant stores will be located in Setapak (Kuala Lumpur), ICangar (Kedah), Kota Baru (Kelantan) and Jeneh (Terenggam), with the final two locations yet to be announced. As we have seen in other m...
05 November 2015
Pan-Asian retailer Dairy Farm has revealed that softer sales growth, combined with rising costs and unfavourable exchange rates, has resulted in weaker margins than expected for the third quarter of 2015. Challenging food performance in South East Asia Dairy Farm's food business has had mixed fortunes, with satisfactory results in north Asia, offset by difficult trading conditions in ...
30 October 2015
We report on the final day of the Asia Pacific Retail Conference and Exhibition (APRCE) in Manila. With a strong focus on future trends, the final day of the event saw a range of speakers outline how they plan to capitalise on growth in the region. Key themes which emerged included the need to invest in creativity to drive in-store conversion, embrace technology, including mobile as part of...
06 October 2015
At the Big Debate: Graham Allan, Group CEO of Dairy Farm, shared his perspectives on retailing, highlighting both the similarities and the differences between retailing in Asia and the UK. UK retail trends closely watched but differences remain Dairy Farm often looks to the UK to understand what future trends could impact its markets. Trends of interest include the emergence of discounters ...
25 September 2015
PT Hero Supermarket, Dairy Farm's subsidiary in Indonesia has closed 74 of its 715 stores in the first half of this year. Closures as a result of economic slowdown and alcohol ban The retailer has closed stores most affected by the current economic slowdown, or those that have been impacted by the recent government ban of selling alcohol in convenience stores, which was enforced in April...
10 August 2015
Dairy Farm has agreed to purchase a further 143m shares via private placement in Yonghui for approximately US$210m. Investment has been made in conjunction with JD.com Dairy Farm will continue to hold a 19.99% interest while JD.com, China's second largest e-commerce site, will acquire a 10% interest expected to cost approximately US$700m. Graham Allen, Dairy Farm Group Chief Executive, com...
30 July 2015
According to IGD research, the Vietnamese retail market is set to grow by 8.4% a year until 2020, making it one of the fastest-growing markets in south-east Asia.  Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right now. 1. Confident inv...