Guardian

Don't Miss:

30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia09/06/2021

The Guardian pharmacy chain said that it is reducing prices on more than 500 health and beauty products for the rest of the year, given that customers are “more value-conscious in the face of increasing financial challenges” of the Covid-19 pandemic. Guardian said that the initiative, involving reductions of up to 25 percent, would cost […]

CONTINUE READING

Retail Asia26/10/2020

Beauty Flash: Grooming giant Guardian’s latest and largest store, christened Guardian Plus, had officially opened at Takashimaya Shopping Centre, and boasts a number of firsts sure to make any beauty buff excited. For starters, the store at 6,000 square feet is an expansive wonderland of products and cool features, most notable of which is an […]

CONTINUE READING

Retail Asia04/06/2020

Delivery platform Foodpanda in Singapore is to start delivering health and beauty products from Guardian stores. Guardian is the first major health-and-beauty retailer to be listed on Foodpanda’s Shops, offering more than 280 products and on-demand delivery service. “This collaboration with Guardian Singapore is timely as we are now able to deliver a greater variety […]

CONTINUE READING

Retail Asia14/01/2019

Hong Kong-headquartered healthcare and beauty retailer Watsons is to launch in Vietnam. The first Watsons Vietnam store will open on January 17, in the lower floors of the high-profile Bitexco tower in downtown Ho Chi Minh City. The store will take up at least one floor of a two-storey space recently vacated by Topshop. Teasing […]

CONTINUE READING

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 […]

CONTINUE READING

Retail Asia26/10/2018

Customers of 7-Eleven, Cold Storage and Guardian stores in Singapore will soon be able to pay for purchases using WeChat Pay. The owner of the two retail chains, Dairy Farm Group, has worked with NETS to enable visitors from China and Chinese nationals based in Singapore to use the service from November 1. WeChat Pay […]

CONTINUE READING

Retail Asia30/07/2018

“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International – but those factors failed to prevent a solid second-half year performance. Dairy Farm’s total sales rose 17 per cent to US$12.215 billion in the six months to June 30 and profit attributable to shareholders […]

CONTINUE READING

Retail Asia12/03/2018

Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to the results just released. Full-year profit was US$403 million, after allowing for $64 million of costs […]

CONTINUE READING

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) […]

CONTINUE READING

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. […]

CONTINUE READING

Retail Asia20/11/2016

Guardian Health and Beauty (Guardian Malaysia) plans to open between 25 and 30 new stores next year as it embarks on an aggressive expansion plan to further strengthen its position in the domestic health and beauty retail market. Chief Executive Officer Peter J Dove said besides the new stores opening, the company would also refurbish […]

CONTINUE READING

Retail Asia07/11/2016

Guardian Malaysia plans to open 30 stores in 2017 and develop an online business as it bolsters its share of the health and beauty market. With 430 stores trading currently, the company has a share of the sector estimated at around 30 per cent. “Domestically, the current retail market is tough and demand is soft, […]

CONTINUE READING

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 […]

CONTINUE READING

Retail Asia03/03/2016

Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of Wings Group, an Indonesian food conglomerate which owns the FamilyMart franchise in the country. The networks […]

CONTINUE READING

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 […]

CONTINUE READING

Retail Asia03/10/2015

Dairy Farm International says it has now closed 74 stores in Indonesia – and more will follow before the year ends. Dairy Farm is the majority owner of the PT Hero retail network which includes supermarkets, Guardian pharmacies and Starmart convenience stores, which at the beginning of this year numbered 715. In July the company […]

CONTINUE READING

Retail Asia14/08/2015

Dairy Farm International has agreed to acquire a further 143 million shares in a placement by Yonghui Superstores for about US$210 million. The investment by DFCL is being made in conjunction with JD.com acquiring a 10 per cent interest for consideration of about US$700 million and protects Dairy Farm’s existing 19.99 per cent stake. Zhang […]

CONTINUE READING

Retail Asia10/08/2015

Dairy Farm says it achieved “modest” like-for-like sales growth in most of its major markets in the first half of this year. However, underlying profit fell 14 per cent to US$193 million, largely due to margin pressures in the food businesses and a disappointing half for its Guardian health & beauty group in Malaysia. With […]

CONTINUE READING

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 […]

CONTINUE READING

Retail Asia03/08/2015

Dairy Farm Indonesia is reviewing the future of its Starmart convenience store chain after closing nearly a third of its stores in the latest half year. The chain has been hit hard by the Indonesian government’s moves to limit the sale of alcohol, banning liquor sales in c-stores in April. Since then, Hong Kong headquartered […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X