Dairy Farm news

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...
27 April 2016
Dairy Farm, through its Malaysian subsidiary, has opened its first store in Cambodia, with the launch of a Giant hypermarket in the capital city. New shopping malls aiding modern retail expansion The first store has opened in the Phnom Penh Grand City Mall and will kick start the expansion plans for the retailer into the market. New locations are becoming increasingly available for retai...
09 March 2016
Asian retail giant Dairy Farm has revealed that sales were up 5% on a constant currency basis for the financial year ending December 2015, but the challenging operating environment across Asia resulted in a 17% fall in profit. Performance impacted by difficult regional conditions Despite sales improvement across all formats in constant currency, the group’s like-for-like sales remained ...
25 February 2016
Hero Supermarket, Dairy Farm's subsidiary in Indonesia, has announced that it will sell its Starmart convenience store operations. FamilyMart Indonesia takes over Hero has signed a deal to sell 80 Starmart stores to PT Fajar Mitra Indah, an Indonesian food conglomerate that owns the FamilyMart franchise in the country. After the transfer, Starmart will trade under the FamilyMart bra...
12 January 2016
GCH Retail, Dairy Farm's subsidiary in Malaysia, has announced plans to open six new Giant hypermarkets this year and refresh 28 additional stores. New stores to expand geographic coverage The new Giant stores will be located in Setapak (Kuala Lumpur), ICangar (Kedah), Kota Baru (Kelantan) and Jeneh (Terenggam), with the final two locations yet to be announced. As we have seen in other m...
05 November 2015
Pan-Asian retailer Dairy Farm has revealed that softer sales growth, combined with rising costs and unfavourable exchange rates, has resulted in weaker margins than expected for the third quarter of 2015. Challenging food performance in South East Asia Dairy Farm's food business has had mixed fortunes, with satisfactory results in north Asia, offset by difficult trading conditions in ...
30 October 2015
We report on the final day of the Asia Pacific Retail Conference and Exhibition (APRCE) in Manila. With a strong focus on future trends, the final day of the event saw a range of speakers outline how they plan to capitalise on growth in the region. Key themes which emerged included the need to invest in creativity to drive in-store conversion, embrace technology, including mobile as part of...
06 October 2015
At the Big Debate: Graham Allan, Group CEO of Dairy Farm, shared his perspectives on retailing, highlighting both the similarities and the differences between retailing in Asia and the UK. UK retail trends closely watched but differences remain Dairy Farm often looks to the UK to understand what future trends could impact its markets. Trends of interest include the emergence of discounters ...