Dairy Farm news

01 September 2020
Yonghui has closed three Bravo supermarkets and 14 Mini Stores in China. Our view Despite the recent store closures, Yonghui remains one of the fastest growing retailers in China. Revenue grew 20.4% in 2019. Its strong fresh offer and omnichannel operations continue to support growth. Yonghui remains committed to format innovation and store expansion. It opened, for example, more than 500 ...
30 July 2020
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales including 100% of associates and joint venture increased 6% to US$14,547m, but subsidiary sales fell 9% to US$5,240m. Overall performance mixed Sales by the Group’s subsidiaries fell mainly due to the annualised impact of the stores closures in 2019 under the Group’s space optimisation plan in Southe...
30 July 2020
Dairy Farm Group, Hang Seng Bank and Jardine Restaurant Group have today launched Hong Kong’s biggest customer rewards club, yuu . Loyalty programme that connects over 10 brands and 2,000 stores The yuu rewards app connects over 10 brands , rewarding customers everywhere they shop and order food from. With over 2,000 shops and restaurants, members will be able to earn more points, in more...
09 July 2020
COVID-19 pandemic has generated a surge in demand for online grocery shopping around the world. In Singapore, shoppers could not get delivery slots across the major grocery retailers in the initial phase of the pandemic, resulting in a lot of frustration. The situation has improved significantly in the last couple of months. We round up the key initiatives of major retailers to meet online shoppi...
22 June 2020
Pan-Asian retailer Dairy Farm has launched two new concept stores in Hong Kong. New 7-Eleven convenience store concept partnering Carlsberg 7-Eleven has launched a new concept shop in partnership with Carlsberg. The store is located in Discovery Bay, a residential area popular amongst expats on Lantau Island. The concept is the first of its kind in the market. It allows customers to purchas...
02 June 2020
Carrefour is acquiring Dairy Farm’s Wellcome Taiwan in a deal worth €97m (US$108.2m), subject to regulatory approval. Acquiring over 220 stores The acquisition includes approx. 224 grocery stores (Wellcome and Jasons), along with some property assets. The deal is expected to close by end-2020. IKEA Taiwan, however, will remain under Dairy Farm. The Wellcome banner stores (199) will be co...
29 May 2020
Traditionally, Muslims will congregate at mosques for prayers and enjoy the breaking of fasts with friends and families in this period. However, this year, Ramadan is a quiet time of family bonding amid the lockdown in Singapore due to COVID-19. We look at how the key retailers have set up their stores to support Muslim shoppers in this unique season. Giant Hypermarket Cakes, cookies and sw...
26 May 2020
7-Eleven and Guardian, operated by Dairy Farm, have partnered Foodpanda for delivery. Delivery from selected stores Source: 7-Eleven 7-Eleven and Guardian stores in selected neighbourhoods will be partnering Foodpanda for delivery within an hour.  There will be more than 100 products ranging from ready-to-eat food and snacks to household items from 7-E...
19 May 2020
Following the outbreak of Coronavirus (COVID-19) three months ago, retailers in Singapore have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... Dairy Farm Group hires staff from hotels More than 150 from seven hotels have been redeployed to Cold Storage, Giant and Guardian stores under the Dairy Farm Group....
06 May 2020
Yonghui has posted another strong set of annual results, with total revenue increasing 20.4% to CNY84.8bn (US$11.9bn) for the year ending 31 December 2019. National coverage of China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain growth, it continues to develop innovative format...