Dairy Farm news

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...
15 August 2016
Rustan Supercenters, a member of Dairy Farm International in the Philippines, has appointed Irwin Lee as its new CEO. 30 years of industry experience The former managing director of P&G's business in the UK, Ireland and then Northern Europe, has been announced as the new chief executive of Rustan Supercenters in his native Philippines. Irwin Lee will bring 30 years of experience of work...
09 August 2016
In the first of a two-part series, we showcase some of the most inspirational stores we have seen around the world this year. Germany: Aldi Süd Future Store, Munich Selected by our discount retail team: Priya Chandarana, Milos Ryba, Keshia Walvin This new concept store in Eglharting, on the outskirts of Munich, is one of three 'future stores' and represents a new direction for Aldi...
29 July 2016
Hypermarkets and supermarkets sales down 2% Hypermarkets and supermarkets are the retailer's main formats, accounting for 77% of total sales of all subsidiaries. Sales declined in Singapore and Indonesia following the closure of underperforming stores, though profitability was improved. In Hong Kong, sales increased but profits were impacted by higher rental and labour costs. Sales were flat b...