DFI news

Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...

Dairy Farm operates a chain of supermarket and hypermarkets through GCH Retail (M) Sdn Bhd including Jasons Food Hall, Mercato, Cold Storage and Giant. It is going through a restructuring exercise which includes stores resizing and closures. Jasons Food Hall closing in Kuala Lumpur After 20 years in Malaysia, Jasons Food Hall’s last day of operation will be 22 March 2020. Located in Bangsar...

Singapore raised its Disease Outbreak Response System Condition (DORSCON) level to Orange status on Friday (7 th Feb) as the coronavirus spread within the community. Following the announcement, shoppers rushed to stock up on essentials, resulting in empty shelves and long queues at grocery stores across the island. FairPrice ramps up distribution of essentials Demand for daily essentials l...

Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...

7-Eleven’s new initiative serves migrant workers in Singapore who wants to send money home using cash. Serving unbanked customers Customers can initiate a remittance transaction using the Pay2Home mobile app which will generate a QR-code bill for cash payment at any 7-Eleven in Singapore. "We are excited to be partnering with Pay2Home as 7-Eleven continues its journey to expand on our serv...

We spent a day in Melaka to understand how the key retailers drive sales in the lead up to Chinese New Year. The popular Jonker Street night market, located in Chinatown, was packed with locals and tourists. To drum up the spirit of Chinese New Year, the street was lit with red lanterns and the God of Fortune gave out lucky red envelopes to everyone. Source: IGD Research   AEON Band...

We visited three stores that were revamped or newly launched in Singapore over December 2019.  These stores showcase the retailers’ efforts to enhance the shoppers' experiences with technology, store design and layout, and unique ranges. FairPrice supermarket in Woodland Civic Centre After an 8-month expansion period, FairPrice supermarket has reopened with a wider range and new look. Woode...

South Korean drugstore operator Olive Young is partnering Dairy Farm to expand in Southeast Asia. The two businesses had a joint venture running from 2002 to 2008. Launching in Singapore, Indonesia and other markets Dairy Farm will distribute Olive Young products through its health and beauty stores. Olive Young will first launch in Singapore, with around 110 of its products sold at about 5...

IKEA will open its seventh store on Jiuzong Road in Neihu District, Taipei, Taiwan next year. Seventh store to open in 2020 The new store will operate approx. 2,300 sq m and open in the first half of 2020. It will be one of many brands housed in a large shopping mall, which includes Costco, Carrefour and RT Mart. Strengthening coverage IKEA has strong brand presence in Taiwan, having ...

GCH Retail (Malaysia) Sdn Bhd, which operates Mercato, Giant hypermarkets and supermarkets, Jasons Food Hall and Cold Storage, has opened a new Mercato in Penang. Third Mercato in Malaysia The retailer has included 2,000 new products, including high-end grocery products and fresh ingredients at the new Mercato in Penang. It focuses on niche and international ranges with fresh imports like f...