Dairy Farm news

26 August 2021
We visited the CS Fresh Gold flagship store at Paragon, operated by DFI Retail Group, which reopened yesterday after a major revamp. It is part of a SGD40m (US$30m) rebranding exercise which will take place across all its 48 CS Fresh and Cold Storage stores by the end of 2022. CS Fresh Gold at Paragon Previously a Market Place outlet by the same retailer, the flagship store at Paragon is na...
02 August 2021
Dairy Farm International has reported that its sales dropped by 4% in the first half of the year to US$ 14bn.  As last year’s strong consumer buying patterns normalised, the Group’s underlying profit has decreased by 69%, from US$ 105m in the prior year to US$ 32m for the first six months of 2021. Difficult to match sales surge in 2020, as shopper behaviour normalises It has been a challeng...
24 July 2021
Vietnam is experiencing its worst wave of the pandemic, with Ho Chi Minh City as the epicentre of the latest outbreak.  The lockdown has disrupted the distribution of food in the city, especially for fresh vegetables.  The supply shortage has caused prices of commodities to increase significantly, such that people are unable to purchase essential food items.   Guardian and AEON are among the reta...
12 July 2021
Celebrate 7-Eleven day with special discounts for the whole month of July in Singapore. First promotional period kicks off on 10-12 July The retailer is providing a SGD1.10 (US$0.80)off storewide with a minimum spend of SGD7 (US$5.20) for the first three days. It is unusual for the retailer to provide a storewide discount. Shoppers can also receive a free treat of Mr. Softee Matcha ice crea...
08 July 2021
7-Eeven has opened its 1,000 th and 3,000 th stores in Hong Kong and the Philippines, respectively.  Celebrating 1,000th store in Hong Kong 7-Eleven is celebrating the milestone by inviting customers to play its Instant Win Game. From 30 June to 13 July, customers spending HKD20 (US$2.6) or more can scan the QR code on the receipt and match up the icons in-store. Prizes include 7-Eleven H...
08 June 2021
Last September, the retailer shared plans to open its first flagship store in Thailand in 2021 with its joint-venture partner CP ALL. However, the plans have changed, and it will only sell products through its partner. Adjusting business strategy to fit demand The retailer’s planned to open stores between 200-300 sq. m., with 20% of the products under the Guardian brand. The company is focu...
02 June 2021
The Dairy Farm Group’s health and beauty banner Mannings will carry the products of South Korean healthcare retailer Olive Young in Hong Kong. Over 100 brands from Olive Young available in 300 Mannings stores More than 100 beauty and personal care brands from Olive Young will be available in over 300 outlets of Mannings, as well as its online store.  These products include Olive Young’s bes...
02 June 2021
PT Hero Supermarket, owned by Dairy Farm International, plans to close its hypermarket banner Giant by the end of July to improve its finances.  Some of these will be converted into new outlets for its IKEA, Guardian and Hero banners.  Sales drop in hypermarkets has influenced the decision to retire Giant The Group, which currently operates 75 Giant outlets, has seen its revenue drop 34% ye...
27 May 2021
GCH Retail, which operates grocery stores under Giant, is ready to expand its business by growing small stores. Transformation is two-thirds complete After going through a three-year transformation, GCH Retail is ready to expand its business in line with changes in shopper behaviour. The retailer has 35 hypermarkets and 11 supermarkets under the Giant brand and 11 premium supermarkets under...
18 May 2021
Singapore moves to shut down part of the economy in a phase of heightened alert (Phase 2). A gradual tightening from April Singapore had been making good progress in controlling the spread of the virus until April. However, a pattern of local unlinked community transmissions had persisted since the beginning of May. The initial tightening measures include allowing social and workplace gathe...