Indonesia news

06 September 2021
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...
16 August 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, has recently launched its Foundation Finder to help customers identify the perfect foundation shade that suits their skin tone.  Growing the foundation market through technology Foundation Finder has been developed as part of A.S. Watson’s strategy to enhance the O+O (Offline plus Online) customer experience.  The reta...
02 August 2021
Dairy Farm International has reported that its sales dropped by 4% in the first half of the year to US$ 14bn.  As last year’s strong consumer buying patterns normalised, the Group’s underlying profit has decreased by 69%, from US$ 105m in the prior year to US$ 32m for the first six months of 2021. Difficult to match sales surge in 2020, as shopper behaviour normalises It has been a challeng...
02 June 2021
PT Hero Supermarket, owned by Dairy Farm International, plans to close its hypermarket banner Giant by the end of July to improve its finances.  Some of these will be converted into new outlets for its IKEA, Guardian and Hero banners.  Sales drop in hypermarkets has influenced the decision to retire Giant The Group, which currently operates 75 Giant outlets, has seen its revenue drop 34% ye...
14 May 2021
Dairy Farm International has reported that its sales in the first quarter of 2021 continue to be significantly affected by the pandemic.  Shopper behaviour has now normalised, affecting comparison with sales performance in 2020 Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery ...
10 May 2021
Boots has opened its first three stores with PT Mitra Adiperkasa Tbk (MAP), a lifestyle retailer in Indonesia. A quick store turnaround Walgreens Boots Alliance (WBA) announced plans to expand into the Indonesian market in 2019, with Boots International signing an agreement to form a store development partnership with MAP. The first set of store openings were expected to occur in the s...
19 April 2021
A.S. Watson’s Group COO and CEO of A.S. Watson (Asia and Europe), Malina Ngai, has spoken at the industry event Beauty Tech Live this week.  She has explained how O+O (Offline plus Online) has become the new retail standard in health and beauty. O+O customers spend three times more than exclusive instore shoppers Malina Ngai describes O+O as “how customers shop today. The customer journey ...
08 April 2021
Asia-based ecommerce platform Shopee intends to premiumise its beauty offerings, by increasing its focus on K-beauty brands.  Sales of Korean beauty continues to grow in Southeast Asia and Taiwan Korean beauty products remain as one of the top-selling products of Shopee.  The retailer has seen more shoppers searching and buying K-beauty brands on its platform, due to the popularity of K-pop c...
16 March 2021
A.S. Watson Group, the world’s biggest international health and beauty retailer, has recently announced its refreshed social purpose and 2030 vision for sustainability. Commitment to ‘put a smile on our customers’ faces’ Since the A.S. Watson Group is operating on a massive scale globally, it is determined to take stronger responsibility towards the customers they serve, as well as the envi...
15 March 2021
Dairy Farm International has reported an 8% drop in its subsidiaries’ revenue to US$10.3bn in FY20 (ending December 2020).  But total sales including from its associates and joint ventures has increased by 2% at US$28.2bn, primarily due to a higher sales contribution from Yonghui. Growth in grocery retail and IKEA offset by health & beauty and convenience The group’s sales performance in 20...