Malaysia - News & Analysis

28 November 2016
Asia’s largest convenience store network is committed to expand further in Malaysia through opening more stores and offering parcel locker services to facilitate delivery for online shopping. Sales growth instills confidence in expansion plans Group revenue for the third quarter has reached RM547.8m (US$23.31m), up 4.9% and it’s driven by new store opening, improved merchandise mix and con...
15 November 2016
Japanese convenience store operator FamilyMart has opened its first store in Kuala Lumpur, Malaysia. 300 stores in five years FamilyMart has launched its first store in Malaysia as scheduled, through a licensing agreement with local food processor QL Resources, in a bid to tighten its grip on the growing Asian market. The store, located at Wisma Lim Foo Yong at Jalan Raja Chulan, ope...
10 November 2016
Food: improvement in large format In its food division, sales in the hypermarket and supermarket operations showed some improvement for the period despite modest like-for-like sales growth being offset by some store closures. Slightly higher margins helped to produce an increased profit compared with the same period last year. In convenience, higher sales were seen in Hong Kong, Singapore a...
08 November 2016
Guardian Malaysia plans to open 30 stores in 2017 and is rolling out new concept stores. Store refurbishment Most of the stores have been upgraded to the new Guardian look and feel, with bright orange and white color themes and modern design. 70 more have been planned to be refurbished in 2017 and 15 will be closed. New concept The retailer has just launched its 316 sq.m. concept sto...
01 November 2016
Japanese leading retailer Aeon has seen its revenue edge up 0.9% to JPY 4,112bn (US$39.2bn), for the six months ended 31 August, while its operating profit improves slightly by 0.1% to JPY72.4bn(US$0.69bn). Performances vary by format Aeon’s convenience store business records that its operating income has increased by 6.1% on operating revenues of JPY190.6bn (US$1.8bn), up 7% year on year f...
05 October 2016
Tesco has reported 2016/17 H1 results for its international operations up 3.2% at constant exchange rates, with sales in Asia growing the strongest at 4.9%. Tesco's recovery in Asia continues to build momentum Tesco's Asian operations grew just 1.3% in its last financial year, with a significant improvement in H2. However, the retailer has managed to continue this momentum into 2016/17 ...
31 August 2016
Tesco in Malaysia is restructuring its store management structure to one that is simpler and more agile. Job cuts in response to changing customer needs The development will affect Tesco's larger stores, where jobs will be cut and staff reassigned to new roles. Although the numbers of job cuts are unknown, Tesco has said that they are in response to changing customer needs. A company ...
30 August 2016
Grocery delivery platform HappyFresh has decided to exit the Philippines and Taiwan and will focus on other core Asian markets, after its Series B funding round. Consolidate market focus for profitability The Jakarta-based company HappyFresh has decided to close its business in Taiwan and the Philippines. Instead, it will concentrate on its three other markets: Indonesia, Malaysia and Thail...
26 August 2016
For the six months ended June 30, 7-Eleven Malaysia has reported its revenue grew 4.5% to RM1.03b (US$256m), with the gross profit improving by RM18.9m (US$4.7m), or 6.3%. Strong results amid tough trading conditions The group’s positive performance is driven by store expansion. At the period end, the group had a milestone of 2001 stores in Malaysia. 7-Eleven Malaysia has also achiev...
29 July 2016
Hypermarkets and supermarkets sales down 2% Hypermarkets and supermarkets are the retailer's main formats, accounting for 77% of total sales of all subsidiaries. Sales declined in Singapore and Indonesia following the closure of underperforming stores, though profitability was improved. In Hong Kong, sales increased but profits were impacted by higher rental and labour costs. Sales were flat b...