Robinsons Retail Archives - Inside Retail Asia
Tough trading conditions in Hong Kong have dulled the impact of Dairy Farm International’s transformation programme, despite solid sales growth in other markets.
Robinsons Retail has reported a 25-per-cent profit drop to US$75.2 million (PHP3.83 billion) last year and $18.8 million in the fourth quarter.
South Korean hypermarket operator E-mart is set to open its first overseas No Brand outlet in the Philippines.
Ongoing restructuring is impacting on Dairy Farm International’s grocery and convenience sales – but total group income is up.
Robinsons Retail reported a drop in profits during its third quarter despite significant growth in net sales.
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Robinsons Retail is looking to shrink its fashion business as competition with cheaper chains gets tougher.
Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.
Robinsons Retail to open 50 E-Mart Philippines stores under two brands.
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International.
Robinsons Retail Holdings has boosted net income by 9.8 per cent in the first nine months of this year, to PHP 3.8 billion.
Robinsons Retail sales expands on the back of sales growth from new and existing stores.