Malaysia - News & Analysis

25 February 2020
The Malaysia-based chain has opened three stores in Singapore. Neighbourhood minimarket format In Malaysia, 99 Speedmart has over 1,500 stores across the country. It operates a chain of neighbourhood convenience stores that range from 250 to 500 sq m in size. The retailer’s success is driven by low prices, carrying a narrow range of top selling brands and great store visibility. A quick loo...
25 February 2020
Shoppers at Tesco can now use a mobile app to scan items as they shop to help them check out more quickly. How does it work? Shoppers can start the session by scanning a QR code by the entrance. They can then scan each product’s barcode to keep track of their shopping. Discounts and promotions are shown on the app and they can remove items from the virtual cart at any time. When the shoppin...
13 February 2020
Dairy Farm operates a chain of supermarket and hypermarkets through GCH Retail (M) Sdn Bhd including Jasons Food Hall, Mercato, Cold Storage and Giant. It is going through a restructuring exercise which includes stores resizing and closures. Jasons Food Hall closing in Kuala Lumpur After 20 years in Malaysia, Jasons Food Hall’s last day of operation will be 22 March 2020. Located in Bangsar...
07 February 2020
Tesco's Asian business has attracted significant interest from powerful Thai businesses. Three three major family conglomerates are understood to have made bids for the retailer's operations in Thailand and Malaysia, according to reports in the Financial Times. Three bids on the table The bidders are reported to be: Charoen Pokphand (CP Group) , the diversified business that owns Tha...
07 February 2020
Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...
16 January 2020
Tesco’s partnership with Shopee Malaysia will help the retailer reach shoppers in Sabah and Sarawak, where it does not have a presence. Chinese New Year campaign Tesco will be driving Chinese New Year sales through Shopee Malaysia in a three-day campaign from 13th January to 15th January. Paul Ritchie, CEO of Tesco Malaysia said in a statement, “we know that festive celebrations can be taxi...
14 January 2020
We spent a day in Melaka to understand how the key retailers drive sales in the lead up to Chinese New Year. The popular Jonker Street night market, located in Chinatown, was packed with locals and tourists. To drum up the spirit of Chinese New Year, the street was lit with red lanterns and the God of Fortune gave out lucky red envelopes to everyone. Source: IGD Research   AEON Band...
09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
06 January 2020
AEON Co (M) Bhd has appointed Shafie Shamsuddin as managing director to succeed Shinobu Washizawa. Shinobu Washizawa retired on 31 December 2019 after spending 40 years with the AEON Group of Companies. Wealth of retail experience Mr. Shamsuddin was Chief Strategy Officer at AEON Asia Sdn Bhd prior to this appointment. He will also take on the post of director at AEON Big (M) Sdn Bhd on Jan...
03 January 2020
7-Eleven Malaysia (SEM) is acquiring a 46.45% stake in Myinteractivelab (MSB) for MYR7.5m (US$1.8m). Partnership to provide delivery services Myinteractivelab operates three mobile applications, namely Dego App, Dego Partners, and Dego Orders. The firm is in the process of securing the licence and approval to run electronic hailing motorcycle taxi services. 7-Eleven said in its stock exchan...