Dairy Farm news

Yonghui has launched a new format, Market Life, in Shanghai’s Pudong District. Focusing on local cuisine and culture The new store, located in Sanlin yinxiang cheng (INCITY mall), operates approx. 4,000 sq m retail space. It focuses on fresh food to meet the lifestyles of urban shoppers. Market Life combines traditional market culture with modern farmer's market decor. The foodservice count...

We went to the newly refurbished Funan Mall in Singapore to check out four stores of the leading retailers in Singapore. Young and energetic vibe Source: IGD Research This used to be known as the IT mall - a place for tech geeks who want to build their own computers from component parts and check out the latest gadgets. After three years of redevelopment, the mall has opened with a swan...

Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...

Robinsons has posted its annual results, with net sales up 15.1% to PHP132.8bn (US$2,556m). Strong set of annual results Robinsons posted net income of PHP5.1bn (US$98.5m) last year, an increase of 2.6% on the year previous. It achieved a 5.9% like-for-like (LFL) growth last year, mainly supported by a 6.1% increase in basket size in its supermarket business. In its convenience store bus...

Yonghui has posted another strong set of annual results. Total revenue increased 20.4% to CNY70.5bn (US$10.5bn), with consolidated net profit up 18.5% to CNY1.5bn (US$219.9m). Fastest growing bricks-and-mortar retailer in 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 g...

Dairy Farm has reported its 2018 annual results. Performance of its Health and Beauty segment was strong, but its Food business saw further decline. Annual sales up 4.1% Dairy Farm posted sales growth of 4.1% to US$11.7bn for the fiscal ending. Consolidated sales including joint ventures and associates increased 0.6% to US$21.9bn. During 2018, the retailer  sold its Giant hypermarket  sto...

Dairy Farm has reported mixed results for Q3, pulled down by challenges in the food division. Strong growth in health and beauty The retailer reported strong sales and profit gains in Hong Kong and Macau. The retailer also saw improvement in its Southeast Asian businesses, especially in Malaysia and Indonesia. Food business profits decline Both sales and profits were down in several m...

Dairy Farm Singapore, which operates 7-Eleven, Cold Storage supermarket, Giant hypermarket and Guardian health and beauty stores, has announced a partnership with NETS and WeChat to enable shoppers to use a new digital wallet. WeChat Pay will be available at 600 Dairy Farm stores from November 1. Pilot at key tourist destinations WeChat Pay has been on trial since July at 7-Eleven and Guard...

Lazada shoppers can now choose to collect their online purchases from 7-Eleven outlets in Singapore. How does it work? Convenience store chain 7-Eleven, online retailer Lazada and logistics provider Ninja Van announced a collaboration to allow shoppers on Lazada to choose a 7-Eleven store as a pick up point for their parcels. It is available at 159 7-Eleven stores from today (18 October), a...

Business rationalisation process sees closure of several stores. Giant hypermarket at VivoCity to close next year As part of a review of its retail portfolio, grocery retailer Dairy Farm has revealed that Giant hypermarket in VivoCity shopping mall will cease operations early next year. It is targeting to vacate its premises after Chinese New Year 2019. Previously, the retailer had already ...