Indonesia news

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...
15 September 2015
As EMKE-owned LuLu sets out its investment plans for its expansion into Indonesia, the Saudi Arabian government announces plans to relax investment laws in retailing, while Danube is rumoured to be looking to sell a stake in its business and Al Meera continues to expand in Qatar, we round up news from the region. Saudi Arabia to change foreign ownership laws for retail sector The Saudi Arab...
15 September 2015
IGD Chief Executive Joanne Denney-Finch is speaking at the Asia Pacific Retailers Convention & Exhibition (APRCE) in October. Ahead of the event, she shared her perspectives on the industry with the event organisers, as below: APRCE: What are the key trends in food retail? JDF: Shopper behaviour is evolving faster than ever before. Empowered by technology and information t...
11 September 2015
With smartphone penetration soaring, increasing levels of cross border e-commerce and a growing number of online grocery models, Asia's online grocery market is growing fast and in lots of different ways. Here we summarise three of the big developments in the channel this week. China: Alibaba partners with new international retailers German retailer Metro Group and UK retailer Sainsbury'...
02 September 2015
Alfamart has reported strong sales and profit in H1 with continued investment in new stores. Accelerated sales and profit Total revenue increased by 16.2% this half reaching IDR22,414bn (US$1.6bn). This is supported by similar levels of EBITDA growth of 15.7%, rising to IDR1,111bn (US$78.8m), despite rapid store investment. Continued store expansion, ahead of key competitor Alfamar...
24 August 2015
Chinese grocery sales are set to grow by a third between now and 2020 and reach US$1.5tn per year, according to our latest forecasts. China will comfortably retain its position as the largest grocery market although others will grow faster. Highlights from IGD’s latest sales projections include by 2020: The grocery sector in India will grow by nearly 80% and be worth just over US$900...
18 August 2015
Lotte has reported an H1 revenue increase of 2.8% to KRW14.5tn (US$12.3bn) whilst operating profit decreased 28% to KRW469.4bn (US$0.4bn). South Korea: growth in convenience whilst hypermarkets struggle In Lotte's domestic market total revenue increased by 2.6% to KRW13.3tn ($US11.3m) and operating profit fell by 24% to KRW575bn (US$0.49bn), as the retailer felt the economic impact fol...
03 August 2015
Indonesia's PT Matahari Putra Prima Tbk (MPPA) has reported H1 sales for the period ending 30 June 2015, with net sales up 6.6% to IDR6.9tr (US$510.6m) and like-for-like sales growing 2.1%. Format development remains a strong focus Despite softening economic conditions and a number of temporary store closures for store remodelling, the retailer has continued to grow sales. During H1 Matah...
30 July 2015
AEON delivered record high results in the first quarter, following a subdued performance in full year 2014. Operating revenue rose 17.9% to JPY 2tn and operating income increased 55.4% to JPY 34.9bn. With exception of GM, revenue rose in all divisions Whilst the retailer's GM revenue results remained subdued (-2.5% year-on-year to JPY 662.8bn), all other divisions delivered a positive pe...
30 July 2015
Sales for continuing business reached US$6.6bn in the first half of the year, an increase of 3%, or 7% at constant exchange rates. Underlying net profit declined 14% to US$193m. Solid sales, feeling pressure on profit Dairy Farm delivered solid sales growth in the period, reporting like-for-like growth in most of its major markets. In this period Dairy Farm also acquired a 19.99% stake...