Wellcome

Retail Asia04/06/2020

Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement later this year after regulatory approvals have been granted. The deal – worth about €97 million – includes about 224 stores and warehouses, along with some property assets. Wellcome Taiwan’s turnover last year was approximately €390 million. The […]

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) […]

Retail Asia01/02/2017

The Wellcome supermarket chain has come under fire for failing to protect workers’ health as it emerged that they do not provide chairs for on-duty cashiers. The Retail, Commerce and Clothing Industries General Union said Thursday that none of the 154 Wellcome branches it surveyed provided seats to cashiers during working hours. It slammed the company for disregarding […]

Retail Asia13/07/2016

Philippines-SM-celebrates-30th-anniversary-of-SM-City-North-EDSA-mall-1024x682.jpg

Global food and grocery specialist IGD visited Manila during the May 2016 presidential elections. Here IGD’s senior retail analyst, Jenny Li, examines what is giving the country’s retail sector such a positive outlook. The Philippines is one of the fastest growing countries in Southeast Asia, with its GDP growth hitting 6.9 per cent in the […]

Retail Asia04/05/2016

Feeling the bite from a stronger yen, Hong Kong snack chain 759 Store will shut down at least 15 outlets this year and slash its discounts from next month. The company has reported its first loss since its 2010 launch, with founder Colis Lam Wai-chun blaming the currency appreciation for raising the cost of its […]

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 […]

Tag: Wellcome

Dairy Farm sells Wellcome Taiwan to Carrefour

Dairy Farm sales stagnate

Wellcome supermarket criticised for failing to provide seats for on-duty cashiers

Philippines: the rising star of Asian retailing

Yen strength bites 759 Store profits

Singapore, Indonesia drag Dairy Farm Group food division