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Retail Asia29/09/2020

From today, supermarket chain Giant will lower the prices of 650 daily essentials for six months by 20 percent, on average. It will also refresh its brand, with its 53 Singapore stores incorporating new features including in-store bakeries and Guardian pharmacies. The price reduction is costing Giant around $17 million and is prompted by its […]

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Retail Asia10/10/2019

The Consumers Association of Singapore (Case) has released an app rewarding users for sharing pricing information to allow comparisons while shopping. Users of the Price Kaki app, which is expected to launch at the end of this month, can submit photos of any prices they come across while shopping for hawker food or groceries, allowing […]

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Retail Asia11/04/2019

Indian auto giant Mahindra & Mahindra (M&M) registered a growth of 11 per cent in auto sales for the financial year 2018-19. The automaker sold 608,596 units in the previous fiscal, as opposed to 549,153 units sold in FY2017-18. The company’s steady growth was visible in the March 2019 sales results as well with Mahindra selling […]

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Retail Asia15/11/2018

“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International. In a management statement discussing the company’s third-quarter performance – which did not include any figures – Dairy Farm said its businesses produced “mixed results” with a strong performance in health and beauty and good results […]

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Retail Asia16/11/2017

Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division. “The lower food division sales, together with new store pre-opening costs in home furnishings, (Ikea) […]

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Retail Asia12/07/2017

Japanese electronics retailer Bic Camera will enable bitcoin payments across all stores in the country this month. Tokyo-based consumer electronics retail chain Bic Camera becomes the latest major retailer to accept bitcoin throughout Japan, a report confirmed today. The trial proved to be beyond successful. According to today’s report, the ‘more-than-expected’ popularity of bitcoin payments has led to […]

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Retail Asia10/04/2017

The iPhone maker warns of legal action against copyright infrigement and distribution of unauthorized products. American tech giant Apple has requested unauthorized shops in Vietnam to stop using its logo and trademarks and selling smuggled products. Vo Tran, Apple’s legal representative in Vietnam, has sent a copyright infringement warning to several retailers in Hanoi and […]

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Retail Asia28/03/2017

British fashion technology start-up Metail has signed a partnership agreement with Benit, the technology arm of South Korea’s fourth largest conglomerate Kolon. The deal means Metail’s technology, which allows consumers discover, shop and “try on” clothes online, will significantly increase its reach in the Asian market. The Kolon conglomerate has a presence throughout Asia and […]

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Retail Asia07/03/2017

France’s PSA Group is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday it would hold an early Monday press conference […]

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Retail Asia06/03/2017

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and joint ventures, rose 14 per cent in US dollar terms and 17 per cent on a constant-currency basis to US$20.4 billion. […]

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Retail Asia27/02/2017

The Singapore online grocery market is set to more than triple in size over the next three years, according to research house IGD. The global organisation expects sales will rise from the current S$130 million (US$91 million) to S$500 million (US$350 million) by 2020. At the end of 2016, IGD valued online grocery to have […]

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Retail Asia04/05/2016

Dairy Farm International’s Indonesia operation continues to struggle in food – but Ikea trades above expectations. The Hong Kong-listed company holds a controlling 83.9 per cent share in PT Hero Supermarket Tbk, which operates Giant hypermarkets and grocery stores, Guardian pharmacies and has the nation’s Ikea franchise, among others. Hero has reported a first quarter […]

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Retail Asia08/04/2016

Jaya Grocer Malaysia is attracting the interest of private equity firms wanting to buy a shareholding of up to 49 per cent. Creador, TPG Growth and a Japanese fund based in Singapore have been shortlisted in a deal said to value the supermarket chain at about RM175 million (US$43.8 million), reports The Star. It quotes […]

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Retail Asia08/04/2016

Malaysian Resources Corp Bhd (MRCB) will build a RM56.8 million cold storage processing and distribution centre in Kajang, Selangor, for the Giant retail chain. MRCB’s wholly-owned subsidiary MRCB Builders Sdn Bhd today signed a contract with GCH Retail (M) Sdn Bhd, through Jupiter Lagoon Sdn Bhd, a wholly-owned subsidiary of Hong Kong-based Dairy Farm International […]

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Retail Asia16/03/2016

Weak performances in Singapore and Indonesia eroded underlying profits in multinational retailer Dairy Farm Group’s food division last year. Last week, Dairy Farm reported a 5 per cent overall increase in sales on a constant currency basis, but a 14 per cent decline in underlying profit due to the “challenging” operating environment across Asia. Sales […]

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Retail Asia18/01/2016

Malaysian retailer GCH Retail plans to add six stores to its Giant hypermarket network this year and relaunch 28 outlets. The new Giant Malaysia stores will open in Setapak (Kuala Lumpur), ICangar (Kedah), Kota Baru (Kelantan) and Jeneh (Terenggam), with the other two sites yet to be revealed. Operations director Ernest Potgleter said this week […]

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Retail Asia10/01/2016

Giant plans to open six new stores and relaunch 28 existing stores nationwide to provide a renewed shopping experience for customers next year. Among the six new stores to be opened are in Setapak, Kuala Lumpur, ICangar, Kedah; Kota Baru, Kelantan; and Jeneh. Terenggam while the remaining two have yet to be revealed. Giant operations […]

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Retail Asia16/11/2015

Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. In an interim management statement, which does not include financial data, the Hong Kong-based pan-Asian retailer says the group faced more difficult economic conditions, and focused on building market share and investing for the long-term […]

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Retail Asia03/11/2015

THE bulls and bears of Singapore’s industrial property market often reflect the pace of economic growth and the composition of the manufacturing sector. Since its post-independence days, the manufacturing sector in Singapore has evolved to be a key contributor to gross domestic product (GDP) at approximately 20 per cent with strong support stemming from the […]

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Retail Asia04/08/2015

Retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. The move will be made to restore the company’s disappointing financial performance earlier this year. Hero, which operates hypermarkets, supermarkets, convenience stores, drug […]

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