Malaysia - News & Analysis

05 May 2017
Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016. Trading conditions steady... For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their ...
12 April 2017
Tesco's preliminary results for its FY2016/17 show that its Asian operations grew 4.0% at constant exchange rates and 1.8% on a LFL basis - a positive result, when compared to total group sales, which increased 1.1% at constant exchange rates and 1.0% on a LFL comparison. However, performance was mixed and slowed in H2, signalling that there is more work to do. Thailand: strong growth and port...
28 March 2017
Family-owned grocer Booths will sell its best products in Malaysia through Hong Kong-based Dairy Farm. Heritage of Booths brand promotes confidence Booths has 28 stores across the north of England. The retailer prides itself on its relationship with specialist British suppliers for high quality, guaranteed provenance and unusual products. About 40 of their best selling products will soon ma...
20 March 2017
Tesco has made two significant changes to its leadership team, with the appointment of new CEO's for both its Asian and European businesses. Tony Hoggett to become CEO of Tesco Asia Tony Hoggett, the existing chief operating officer for Tesco in the UK, has been promoted to CEO for the retailer's Asian business. Hoggett joined Tesco in 1990 and has extensive operational experience in both t...
20 March 2017
Aeon Big, a hypermarket chain owned by Aeon Co Ltd, is consolidating its business and focusing on a single business format. Store closures part of cost-cutting Aeon Co Ltd, the parent company of Aeon Big, purchased loss-making Carrefour Malaysia in 2012. The banner was changed to Aeon Big after the takeover. The company has been struggling to turn a profit in the last few years. As part of ...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
28 February 2017
7-Eleven Malaysia’s revenue has increased by 4.8% to MYR2.1bn (US$ 473m) from RM2.0bn (US$ 451m) for the financial year ended Dec 31, 2016. Revenue improves but profit declines For the fourth quarter, the group’s revenue has grown 4% to MYR524m (US$118m). The profit before tax has dropped 39% from MYR20m (US$4.5m) for the same period last year, due to higher selling and distribution ex...
17 February 2017
MyNews.com, Malaysia’s homegrown news and convenience chain, partners with ecommerce shipping provider EasyParcel to offer last-mile delivery service. New service expected to increase customer volume Bison Consolidated Bhd, which operates 320 myNEWS.com, will provide a new service to allow customers to pick up and drop off their parcels at all their outlets. This service called PGEON, ...
12 January 2017
Tesco has reported impressive figures for its third quarter and Christmas trading periods, with strengthening growth in the UK and underlying improvements in many international territories. The results mean that Tesco now expects it could deliver full year operating profits slightly ahead of the consensus forecast of £1.2bn. Headline LFL results   Q3: 13 week...
15 December 2016
Tesco Malaysia has partnered with online grocery platform HappyFresh, to expand its capacity and capability to fulfil online grocery orders. Express and on-demand delivery Shoppers can select from more than 12,000 products ranging from food to non-food items, including Tesco’s private label products. Fresh produce will be carefully selected by HappyFresh’s concierge shoppers in the neares...