Malaysia - News & Analysis

09 December 2019
In a surprise development, Tesco has announced that it has put its businesses in Thailand and Malaysia into a strategic review, a move that could that result in their sale to another retailer or to private equity. Early stage of evaluation Tesco said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malays...
03 December 2019
7-Eleven Malaysia, majority-owned subsidiary of Berjaya Group, will buy another 25.35% of Caring Pharmacy, taking its total stake to 38.57%. Improving the group’s performance Berjaya Group’s founder, Tan Sri Vincent Tan, is a major shareholder of 7-Eleven Malaysia and has shares in Caring Pharmacy Group. 7-Eleven wants to increase its stake in Caring Pharmacy to over 50% but will maintain i...
26 November 2019
The convenience retailer’s net profit grew 1.3% to MYR17m (US$4.1m) in the third quarter of 2019. Higher revenue and marketing income 7-Eleven’s revenue for the quarter gained 4.5% to MYR594.2m (US$142m) compared to the same period a year ago. This is driven by the addition of new stores, higher shopper counts and better promotional activity. Revenue from the food service segment grew more ...
20 November 2019
GCH Retail (Malaysia) Sdn Bhd, which operates Mercato, Giant hypermarkets and supermarkets, Jasons Food Hall and Cold Storage, has opened a new Mercato in Penang. Third Mercato in Malaysia The retailer has included 2,000 new products, including high-end grocery products and fresh ingredients at the new Mercato in Penang. It focuses on niche and international ranges with fresh imports like f...
13 November 2019
Alibaba is opening a 464 sq m bricks-and-mortar Taobao store at Mytown Shopping Centre in Kuala Lumpur, Malaysia. Alibaba extending offline reach Alibaba is partnering Mytown and Lumahgo New Retail to open the new store on 29th November. This follows its move to open its first Southeast Asian store in Singapore’s Funan mall in September. Jess Lew, Tmall World Malaysia’s marketing manag...
11 November 2019
FamilyMart is expanding its fresh food offer in Malaysia. Fresh food to drive footfall QL Resources Bhd, the franchise holder of FamilyMart chain in Malaysia has been expanding its selection of fresh foods, snack bars, meal solutions and products from Japan. This is helping drive customer footfall and enabling the retailer to record higher gross margins. In May, FamilyMart’s central kitc...
23 October 2019
Tesco has opened its first 2,000 sq m store in Malaysia. New store in Wangsa Walk Tesco Stores (Malaysia) Sdn Bhd has opened its 60 th store, Tesco Wangsa Walk, 17 years after it began operations in 2002. This is the retailer’s first ever 2,000 sq m store and marks a new phase in its business strategy. Due to Malaysia's guidelines for foreign retail operators in the country, Tesco Malaysia...
07 October 2019
Tesco in Asia reports a 54.1% growth in profit to GBP171m. Positive sales in Asia Sales in Asia grew strongly, 8.4% year on year, to GBP2.56 bn, although the growth was registered as 1% on constant exchange rate. Like-for-like sales fell by 1.3% due to the reduced sales of general merchandise. Price investment in fresh food products and own brand expertise drove sales growth in Malaysia. In...
16 September 2019
Tesco joins leading European retailers, including Marks & Spencer, Aldi and Carrefour, in selling only cage-free eggs in Asia. Taking the lead in Asia Since 2016, the retailer had already pledged to be cage-free by 2025 in the UK. This had been extended to Asia following investigations into Asian egg suppliers by animal protection organisation, Lever Foundation. Other food companies includi...
29 August 2019
Sales grew by 7.2% from same period of previous year. Demonstrates sound implementation of strategy New store openings, higher average spend per customer and positive shopper response to promotions are some of the reasons that have driven growth for 7-Eleven Malaysia. The convenience retailer reported first half revenues of MYR$1.17bn. Correspondingly, net profits improved to MYR$25.7m, a r...