Malaysia - News & Analysis

27 June 2016
As UAE-based LuLu enters another new market, Majid Al Futtaim announces plans to invest further in its home market and Qatar-based Al Meera works with the government to help shoppers be better informed about healthy meals, we round up news from the region. LuLu enters another new country: Malaysia UAE-based LuLu has opened its first store in Malaysia, in the CapSquare, Jalan Munshi area of ...
30 May 2016
Japanese retailer Aeon’s Malaysian operation has seen its revenue and profit decline by 2.7% and 41.9% respectively in Q1. Yet it will continue expanding in the country by building two new stores and investing in e-commerce. Weak retail business performance Aeon has reported that its revenue dropped by 2.7% to RM1.08bn (US$262.6m) from RM1.11bn (US$269.9m), while its net profit fell by 41.9...
10 May 2016
Leading Asian retailer AEON has revealed its full year 2015 results, reporting that operating revenue increased by 15.5% to JPY 8.2tn, while operating profit increased by 25.2% to JPY 177.9bn. Growth in all segments Supermarkets and discount stores operating revenue rose by 20.9% to JPY 3.1tn. Here, the priority has been on restructuring stores and developing new store formats, whi...
27 April 2016
Dairy Farm, through its Malaysian subsidiary, has opened its first store in Cambodia, with the launch of a Giant hypermarket in the capital city. New shopping malls aiding modern retail expansion The first store has opened in the Phnom Penh Grand City Mall and will kick start the expansion plans for the retailer into the market. New locations are becoming increasingly available for retai...
13 April 2016
Japanese convenience store operator, FamilyMart will mark its debut in Malaysia this year, after signing a master franchise agreement with local food processor QL Resources. Targeting 300 stores in five years QL Resources will develop and run FamilyMart convenience stores in Malaysia through its wholly owned subsidiary Maxincome Resources. The company said that the expansion into the conven...
12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
09 March 2016
Asian retail giant Dairy Farm has revealed that sales were up 5% on a constant currency basis for the financial year ending December 2015, but the challenging operating environment across Asia resulted in a 17% fall in profit. Performance impacted by difficult regional conditions Despite sales improvement across all formats in constant currency, the group’s like-for-like sales remained ...
02 March 2016
7-Eleven’s Thai operator CP ALL and 7-Eleven Malaysia have revealed FY2015 results, with their revenue growing by 9.3% and 3.9% respectively. CP ALL strong performance and further expansion plans CP ALL, the 7-Eleven franchise holder in Thailand, sees FY2015 consolidated revenue up 9.3% to THB406bn (US$11.4bn) and net profit increasing by 34.3% to THB13.7bn (US$380m). The group curr...
16 February 2016
Japanese e-commerce giant Rakuten will shut down its marketplace in Singapore on 1 March 2016, which will be followed by further closures of its operations in Malaysia and Indonesia. South east Asia strategic overhaul The closures across three ASEAN countries are part of Rakuten’s new transformation strategy. The company is planning to shift its operations in the region from a business...
10 February 2016
Following the impressive growth in H1, Japanese retailer Aeon has enjoyed another quarter of strong performance, with operating revenues soaring by 18.9%, to JPY6.0tn ($US51.7bn). Robust growth across the board Aeon’s operating revenue for the first nine months was at a record high, with operating income over JPY80bn, up 63.8% from the previous year. The group’s supermarket and disco...