Malaysia - News & Analysis

11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
28 February 2019
Sales for 2018 grew by 1.3% from previous year. Strong fundamentals driving growth Expansion of the store network, higher average spend per customer and positive response to promotional activities are the reasons that have driven the growth for 7-Eleven Malaysia. The convenience retailer ended the year with revenue of MYR$2.22bn, an increase of 1.3% versus the previous year of MYR$2.19bn. C...
15 February 2019
FamilyMart plans to open an additional 300 stores across Malaysia.  Room for growth in convenience channel QL Resources, the operator of FamilyMart Malaysia, has reaffirmed its plans to open an additional 300 stores in Malaysia. The retailer opened 30 stores in the country during the previous financial year and another 90 stores in this financial year, ending 31 March 2019. Chia Song Kun...
04 December 2018
Quarterly revenue improved by 1% from previous year. Positive expectations for remainder of 2018 7-Eleven Malaysia reported third quarter earnings of MYR568.5m, driven by its increased store network, a higher average spend from shoppers and targeted promotion activities. The improvement in sales revenues also boosted net profits by 4.1% to MYR16.8m. Moving into the end of the year, the r...
28 November 2018
Government shows support for traditional trade. Hypermarkets will not be allowed in some parts of the country The Malaysian government has stated that it will not permit hypermarkets to operate in certain areas of the country. The announcement is intended to support the traditional channel, also known as kedai runcit, and to allow them to continue operations. The minister of Domestic Tra...
24 October 2018
We have seen several retailers across Asia launch their own e-wallets recently, including AEON in Malaysia, and FamilyMart and Carrefour in Taiwan. AEON launches its own e-wallet Earlier this year, AEON introduced its e-wallet app. Available to download on Google Play and Apple App store, AEON's e-wallet allows shoppers to pay and earn points at participating AEON stores (AEON Big Hypermark...
16 October 2018
Partnership with BingoBox, a well-known Chinese unstaffed store operator. Two stores opened as trial Following on from recent trials in Indonesia and India , the unmanned store has now entered the Malaysian market. A Malaysian startup, Scientific Retail Sdn. Bhd., has partnered with e-wallet provider Boost and BingoBox, who runs over 400 unmanned stores in China. The innovativ...
03 October 2018
Tesco has released its interim results for 2018/19, with sales in Asia reaching £2,365m, down 5.0% at constant exchange rates. Thailand dragging on overall Asia performance As predicted by the Tesco management, performance in Asia improved throughout the period as the business annualised its decision to stop bulk-selling. Asia LFL sales declined 9.0% in Q1 and although remaining negative, i...
30 August 2018
Better results driven by store network growth and targeted consumer promotions. Revenues rise by 0.44% Thanks to a growing store network as well as effective seasonal promotions, 7-Eleven Malaysia Holdings Bhd. saw its revenues grow from RM$555.21m to RM$557.63. At the same time, the retailer reported a rise in net profits of 29.4% or RM$13.13m. The convenience operator saw positive gros...
13 August 2018
7-Eleven Malaysia has appointed Colin George Harvey as its Chief Executive Officer. Vast regional experience... Harvey has become the new CEO of 7-Eleven Malaysia, taking over from Ho Meng who has held in the position (in acting) since August 2017. He brings a wealth of experience in the international retail industry, having previously served as an Independent Director of the Board of Pharm...