Guardian Archives - Inside Retail Asia
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.
Dairy Farm Group has warned shareholders that its restructure will take five years to complete.
Dairy Farm Group profit fell to just US$92 million last year as the company took charges relating to the restructure of its ailing food business.
The first Watsons Vietnam store opened its doors this morning on the ground floor of Ho Chi Minh City’s high-profile Bitexco tower.
The first Watsons Vietnam store will open on January 17.
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International.
Customers of 7-Eleven, Cold Storage and Guardian stores in Singapore will soon be able to pay for purchases using WeChat Pay.
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Vietnamese retail drugstore chain Pharmacity plans 500 stores by 2023.
Dairy Farm sales were described as “flat” in the third quarter to September 30.