Indonesia news

31 July 2017
Sales in the Food business declined by 6% to IRD 5,879 bn (US$441m) , but the non-Food businesses, grew 12% to IDR 1,045bn (US$78m). Gross profit was up 3%. Initiatives to increase sales in Food In the Food business, the Company rolled-out an everyday low price initiative to provide better value to customers which has started to deliver an improvement in sales. Further initiatives to increa...
30 June 2017
Modern Sevel, the operator and franchise holder of the 7-Eleven convenience stores in Indonesia, has closed all of its stores across the country. The background... In 2015, the company wanted to use the franchise as a growth engine to reach more than ten times their current network to 2,500 stores by 2025. However, they have struggled to maintain profitability and found it difficult to comp...
06 June 2017
Modern Sevel Indonesia, which operates 7-Eleven convenience stores in Indonesia, cancels the sale of the chain due to "non-agreement of the parties concerned". Challenging times ahead CP Indonesia is an affiliate of CP All, which operates more than 9,500 7-Eleven stores in Thailand. Its plan to buy 7-Eleven stores for US$75 million would have brought much needed funds and expertise for the ...
05 May 2017
Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016. Trading conditions steady... For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their ...
25 April 2017
Charoen Pokphand (CP) will acquire Modern Sevel, the controlling company of the 7-Eleven Indonesia convenience store outlets for IDR one trillion (US$75 million). CP Indonesia, a division of Thai conglomerate CP Group expects to complete the purchase by June this year. Indonesia's retail regulation driving key decisions Indonesia's retail landscape is highly completive, but heavily shaped...
27 March 2017
PT Matahari Putra Prima Tbk (MPPA) has reported net sales of IDR13.5tn (US$1bn), a decline of 2.0%, while gross margin has improved 60 basis points to 17.0% from 2015. Growth in fresh Despite the overall sales decline and a negative like-for-like of -4.5%, the retailer saw growth in same store sales of fresh categories (produce and meat) of 3.6%. This demonstrates the success of strategic...
15 March 2017
Indo Lotte Makmur, a 50-50 joint venture between Lotte and Salim Group, has been officially launched to join the e-commerce foray in Indonesia. Harnessing on the strength of Salim Group’s distribution network, the new company will likely have an edge over its competitors. iLotte shopping to launch in July A new shopping platform, targeting women between 20 to 39 years old, is expected to ...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
02 March 2017
Alfamart, leading mini-market player in Indonesian, announces full year revenue growth up 16.2% to IDR56.1tn (US$4.2bn) and gross profit up 18.1% to IDR10.9tn (US$0.8bn) for 2016. Continued expansion outside of Greater Jakarta The retailer operated 13,745 stores by the end of 2016, of which 12,336 stores are under the Alfamart banner. 65.7% of the stores are located outside of Greater Jakar...
12 January 2017
Lawson, Japan’s leading convenience store operator, has reported a 6.1% increase in consolidated operating revenues, while its operating income has dropped 7% in the third quarter of 2016. Sales increase while income dips For the third quarter of 2016, Lawson has seen net sales of its c-store business grow by 4.4% to JPY 1,617,505m (US$ 14,149m). Its gross operating revenue has also increased...