Indonesia news

30 July 2020
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales including 100% of associates and joint venture increased 6% to US$14,547m, but subsidiary sales fell 9% to US$5,240m. Overall performance mixed Sales by the Group’s subsidiaries fell mainly due to the annualised impact of the stores closures in 2019 under the Group’s space optimisation plan in Southe...
15 July 2020
Alfamart, a leading retailer focused on convenience stores in Indonesia, has launched a new store format under Alfa X. Convenience store with co-working space The 400 sq. m. store has a unique layout including seating area, co-working space, meeting rooms and a mini stage for entertainment. The cool cafe design will attract millennials, providing them with a cosy space to hang out and enjoy...
29 June 2020
Alibaba Group has named Chun Li as Group Chief Executive Officer of Lazada, effective from 1 st July 2020. An experienced leader Li joined Alibaba as chief technology officer for the company’s B2B division in 2014 and moved to Lazada in 2017. He has since served as both group president and CEO of Lazada Indonesia. Li held leadership positions at Paypal and eBay prior to joining Alibaba. “...
23 June 2020
Grab Holdings, a Singapore-based ride-hailing company, is expanding its delivery services from convenience stores and supermarkets across 50 cities in the region. Expansion accelerated in the pandemic The company has teamed up with 3,000 stores as it accelerates delivery of groceries, toilet paper, packaged snacks and beverages to the community during the COVID-19 pandemic. Grab provided th...
21 May 2020
In response to the Coronavirus (COVID-19) pandemic, convenience operators are implementing measures to ensure everyone has access to the food and consumer goods products they need. We will continue to update this article as the latest initiatives are announced. Latest from UK Co-op is rapidly accelerating its online expansion to more than double the number of stores planned. Find out mor...
07 May 2020
Ahold Delhaize has reported that its 2020 Q1 net sales increased by 12.7% at constant exchange rates to €18.2 bn. The retailer acknowledged impact of COVID-19, with Group comparable sales being ‘favourably impacted by 26.9% growth in March’ .  USA: Q1 +13.7%; comparable sales in March +33.8% Performance was driven by comparative % in March due primarily to COVID-19’ . Europe: Q1 +9.8%; ...
18 March 2020
Indonesia, the world's fourth most populous country, reported on 15th March that the number of Coronavirus (COVID-19) infections had risen by 21 to 117. Retailers have taken different approaches to look after the well-being of their shoppers. There is no consistent recommendation on how best to prevent the spread virus spread around the world.  Keeping staff healthy  All staff members...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...
07 February 2020
Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...
24 January 2020
7-Eleven has reached another major milestone, surpassing 70,000 stores globally. Customers at the heart Joe DePinto, 7-Eleven Inc.’s President and CEO, said, "Over 93 years we've grown from a small local ice house in Oak Cliff, Texas, to a global and iconic brand that is 70,000 stores strong […] that strength is due to a relentless focus on meeting the needs of our customers. We'll continu...