Dairy Farm news

30 July 2015
Sales for continuing business reached US$6.6bn in the first half of the year, an increase of 3%, or 7% at constant exchange rates. Underlying net profit declined 14% to US$193m. Solid sales, feeling pressure on profit Dairy Farm delivered solid sales growth in the period, reporting like-for-like growth in most of its major markets. In this period Dairy Farm also acquired a 19.99% stake...
09 July 2015
The latest news from Singapore, including private label promotions, service initiatives and etailer activity… Private label price cuts at NTUC FairPrice NTUC FairPrice will invest USD 35m in cutting the price on daily essentials, under the ‘Big Value Bag: Made for Singapore’ tagline. The programme runs from until the end of December, offering 10% discount on more than 1000 items from F...
06 July 2015
Amid a slowing economy and declining consumer confidence, the Indonesia Retailer Association is already forecasting a slowdown in sales growth during the current Ramadan period. Consumer confidence slowed again in June Indonesia recorded its slowest economic growth in five years at 4.7% in Q1 of this year. In line with this consumer confidence declined over the same period, before risin...
01 July 2015
Taiwanese retailer PX Mart has started accepting payment via Easycard, the widely used contactless card which was originally used for public transportation, in its 700+ stores in Taiwan. Easy checkout with Easycard Easycard is the ideal option for quick checkout of small amounts - shoppers can pay up to 1,000 TWD per transaction. There are currently 50 million cardholders in Taiwan and the ...
23 June 2015
Dairy Farm and Lotte Group are both understood to be looking at expanding their operations in Indonesia. PT Hero to open 10 new large format stores Dairy Farm subsidiary, PT Hero Supermarket Tbk, which operates hypermarkets, supermarkets, convenience and drugstores, plans to invest up to IDR 640bn (US$48m) as it expands its network in several regions, including Bangka and Lombok. Pl...
13 April 2015
Yonghui will become Lianhua's second-biggest shareholder by buying a 21.17% stake for RMB744 mn (USD1.19 mn). The Bailian Group remains Lianhua's largest shareholder. Yonghui, headquartered in Fujian province, has been strengthening local expansion through taking stake in top regional retailers. Its equity investment in Zhongbai Group in Hubei province was another example. Yonghui is gearing u...
26 March 2015
Dairy Farm has acquired a supermarket chain in Macau that will open up a new channel for growth in the territory. New channel to grow sales in Macau The retailer has acquired the San Miu Supermarket chain of 15 stores that have an average gross area of 880 sq m (9,500 sq ft). Dairy Farm currently trades in Macau via its 7-Eleven convenience operations and Mannings drugstore chain, so the ne...
09 March 2015
Dairy Farm has announced full year results, posting that its total subsidiaries sales were up 6% to US$11 bn. Highlight figures Sales including associates and joint ventures were up 5% to US$13 bn Underlying profit rose 4% to US$500 mn Net profit saw a growth of 2% to US$509 mn Store expansion continued across all formats with 124 new stores and 238 acquired outlets adde...
02 March 2015
Hero Group, Dairy Farm’s subsidiary in Indonesia, has released its 2014 year-end results, saying that net revenue was up 14% to IDR 13.5tn (USD 1bn) and gross profit rose 9% to IDR 3tn (USD 240mn). However, the business considered that results were " disappointing ", while it described its outlook as " cautiously optimistic ". Rising operating costs underline performance Hero Group indicate...
29 January 2015
New regulation to restrict alcohol consumption recently released in Indonesia. Significant impact on tourist-zone sales According to local reports, low-strength alcohol beverages including beers, spirits and pre-mixed drinks under 5% ABV will be banned in minimarts. The new regulation will be effective not later than the beginning of February. As alcohol products contribute roughly 20% sales ...