Dairy Farm news

23 June 2017
Dairy Farm has appointed Ian McLeod, as its new CEO, replacing Graham Allan who is stepping down on August 31 after five years with the Group. New CEO from September 18th The new CEO will be in position from September 18th. Commenting on the change, Dairy Farm chairman Ben Keswick said Allan had pioneered initiatives that have focused on meeting customers’ needs and enhancing the capabiliti...
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 ...
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...
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: ...
16 November 2016
7-Eleven, the largest convenience chain in Singapore has revealed its plans to launch larger stores up to 800 sq ft with a brand new range of ready-to-eat meals and its new loyalty app. An entirely new range of ready-to-eat The new range of chilled, ready-to-eat meals are prepped and delivered upon orders from stores to ensure freshness, and will replace the current range of frozen meals by...
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...
02 November 2016
Hero's result for the third quarter of 2016 sees sales in the food operations impacted by both negative like-for-like sales and store closures while profitability has been improved. Fresh sales positive Improving fresh produce has been a focus of the retailer's food business and the fresh categories reported positive sales despite the decline in other categories. The retailer is taking act...
16 August 2016
Dairy Farm has completed the acquisition of a further 286,934,440 shares in Yonghui for US$190 million in order to keep its share of Yonghui at 19.99%. The acquisition The acquisition, which is alongside an acquisition by JD.com of a 10% interest and by Mr. Zhang Xuansong, the Chairman of Yonghui, of a 2% interest, shows Dairy Farm's commitment to the Chinese market. The co-operation with...
15 August 2016
In the second of a two-part series, we showcase some of the most inspirational stores we have seen around the world this year. Canada: Whole Foods Market, North Burnaby, BC Selected by Stewart Samuel, Program Director IGD Canada A visually stunning store, this creates a benchmark for retailers seeking to create a compelling in-store experience. Whole Foods Market has done a great job i...