Alfamart news

Amid a slowing economy and declining consumer confidence, the Indonesia Retailer Association is already forecasting a slowdown in sales growth during the current Ramadan period. Consumer confidence slowed again in June Indonesia recorded its slowest economic growth in five years at 4.7% in Q1 of this year. In line with this consumer confidence declined over the same period, before risin...

A key player in the Indonesian convenience channel, Alfamart and sister company Alfamidi reveal expansion plans in the domestic market and overseas. Scaling up Philippines store network Joint venture partners Alfamart and SM Retail piloted their first Philippines stores in summer 2014, and are now poised to add 100 – 120 stores this year, reports the Jakarta Globe. Hot convenience compet...

A leading player in the Indonesian grocery market, Alfamart announces full year revenue growth up 19.6% to IDR 41.7tn and gross profit up 21.4% to IDR 7.7bn. Tight competition at the top; new store openings fuelling growth Alfamart opened 1,304 new stores in the period, taking its total store network to 9,861in 2014. Combined with its partner banners Lawson, Alfamidi and Alfa Expres...

s Alfamart enters the Philippines, the convenience operator plans to offer dine-in meals to compete in the highly competitive convenience market. Ready-to-eat meal deals response to convenience demand Joey Mendoza, president of SM supermarket which is the operator of Alfamart, told The Manila Time that the chain is piloting ready-to-eat ranges and seating areas in some stores before decidin...

Continuing the momentum of successful expansion last year, the retailer is planning for aggressive expansions in its supermarket and mini-mart formats across the country. PHP 1bn investment to Savemore The leading Filipino retailer has revealed a PHP 1bn (USD 23mn) plan in 2015 to open 20 new Savemore stores nationwide after it spotted 100 opportunities for store openings last year. The avera...

New regulation to restrict alcohol consumption recently released in Indonesia. Significant impact on tourist-zone sales According to local reports, low-strength alcohol beverages including beers, spirits and pre-mixed drinks under 5% ABV will be banned in minimarts. The new regulation will be effective not later than the beginning of February. As alcohol products contribute roughly 20% sales ...

Indonesian convenience retailer Alfamart plans to invest up to IDR 2tn in expansion next year, reports the Jakarta Globe. Spending in line with 2014 Alfamart's parent company intends to use the funds both for network expansion and distribution centres to support growth in the year ahead. If the retailer invests at the top end of its estimate,  IDR 2tn, this will place expansion roughly in l...

We round up the latest news on M&A activity and format development from Alfamart, 7-Eleven and Circle K. Alfamart forms closer ties with Alfamidi Sumber Alfaria Trijaya, parent company of the Indonesian convenience chain Alfamart plans to increase its stake in Midi Utama Indonesia, operator of Alfamidi, Alfa Express and Lawson stores. Shareholders are due to meet on 22 October to approv...

Mobile payment and money delivery services set to drive footfall for Alfamart in Indonesia. M-payment has dual benefits This leading Indonesian convenience player has partnered with Bank CIMB Niaga to enable the mobile wallet service to be available as a method of payment in its stores. Shoppers with an account with the bank will first have to set up a PIN code and deposit funds into th...

The world's fourth most populated country has a rapidly growing middle class and a grocery industry that is growing in global importance. In this article we round up some of this weeks big news stories... Domestic convenience operators boosting presence Amid the backdrop of growing competition from foreign retailers, domestic convenience chains Indomaret and Alfamart are looking to increase...