Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...

Lotus’s has recently rolled out the second phase of their “ImbasBalik” campaign which translates to “flashback” to support their shoppers with the rising costs of inflation. The #ImbasBalik campaign The campaign was originally launched during Hari Raya this year, where the prices of 20 grocery products were rolled back to pre-pandemic levels for a six-week period. The campaign was well re...

Korean convenience operator GS Retail has partnered with the KK Group to expand its operations in Malaysia. Master franchise deal The first store is on target to open next year, where KK Group will act as a franchisee for GS25 stores in Southeast Asia. Other Korean retailers entering the Malaysian market have signed similar agreements, supporting localisation and in-depth understanding of...