Indonesia news

10 November 2016
Food: improvement in large format In its food division, sales in the hypermarket and supermarket operations showed some improvement for the period despite modest like-for-like sales growth being offset by some store closures. Slightly higher margins helped to produce an increased profit compared with the same period last year. In convenience, higher sales were seen in Hong Kong, Singapore a...
02 November 2016
Hero's result for the third quarter of 2016 sees sales in the food operations impacted by both negative like-for-like sales and store closures while profitability has been improved. Fresh sales positive Improving fresh produce has been a focus of the retailer's food business and the fresh categories reported positive sales despite the decline in other categories. The retailer is taking act...
01 November 2016
Supported by Q3 results, MPPA returned to a net profit of IDR32.6bn (US$2.5m) for the first nine months in 2016. The retailer will continue to renovate its existing stores and roll out new formats. Like-for-like sales decline Like-for-like growth for YTD 2016 and Q3 2016 decreased by 2.9% and 8.9% respectively. This was mostly due to the seasonal shift of Lebaran from third quarter to secon...
21 October 2016
SPAR China had its first congress in Weihai, Shandong province in Northern China, demonstrating the freshness, choice, value and service to its Chinese and international partners. The fifth among global SPAR Partners with robust growth SPAR China reported a €1.9bn turnover in the 2015 results, at 6.8% year-on-year growth. Investment continues not only in retail with 360 stores trading today...
12 October 2016
As Delhaize continues to evolve its online offer, drive improvements in its fresh ranges and looks to expand in Indonesia, we round up news from the retailer. Delhaize opens first Drive location Local trade press publication Gondola has reported that Delhaize has opened its first Drive at its supermarket in Overijse. Gondola quoted the store’s director, Bart Vandenbosch, as saying that the ...
30 August 2016
Grocery delivery platform HappyFresh has decided to exit the Philippines and Taiwan and will focus on other core Asian markets, after its Series B funding round. Consolidate market focus for profitability The Jakarta-based company HappyFresh has decided to close its business in Taiwan and the Philippines. Instead, it will concentrate on its three other markets: Indonesia, Malaysia and Thail...
24 August 2016
Alfamart has reported strong sales and profit growth in H1 with continued store expansion. Increased sales and profit Total revenue increased by 21.5% in the first half of 2016 reaching IDR36,870bn (US$2.0bn). Unaudited gross profit for H1 also increased by 20.6%. New store openings mainly outside of Greater Jakarta With a network total of 12,971 stores, Alfamart group remains narrowl...
08 August 2016
Indomarco Prismatama has reported consolidated sales of IDR29.1 tn (US$2.2m) for H1 2016, 28.1% higher than H1 2015. Store opening on track Indomaret plans to open 1600 stores in 2016. As of 30th of June, the retailer operated 13,099 stores, 889 more than end of 2015. Java-Bali area continues to be the focus growth area of the store network. There are 686 more stores in Java-Bali at the end...
02 August 2016
PT Matahari Putra Prima Tbk (MPPA) has reported a 2.1% increase in net sales for H1 2016 to IDR7.0 tn (US$535m). The resumption of growth was driven by the strong performance in Q2 - 6.5% increase versus same time last year. Store upgrade and Ramadan drive like-for-like growth in Q2 In Q2,like-for-like improved by 4.5% compared to Q2 2015, especially in hypermarkets that have been renovated...
29 July 2016
Hypermarkets and supermarkets sales down 2% Hypermarkets and supermarkets are the retailer's main formats, accounting for 77% of total sales of all subsidiaries. Sales declined in Singapore and Indonesia following the closure of underperforming stores, though profitability was improved. In Hong Kong, sales increased but profits were impacted by higher rental and labour costs. Sales were flat b...