Giant Archives - Inside Retail Singapore
Dairy Farm Group has warned shareholders that its restructure will take five years to complete.
“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.
Dairy Farm International is continuing to restructure its struggling Southeast Asian business, with the Giant VivoCity supermarket next to be axed.
Singapore supermarket group Sheng Siong has confirmed the imminent opening of another two stores.
Dairy Farm sales were described as “flat” in the third quarter to September 30.
Giant has clustered 17 vending machines at its new VendMart outlet at Tampines, with another five at its IMM branch in Jurong.
Despite lower supermarket and hypermarket sales, Dairy Farm International Holdings has posted solid first-half profit growth.
Fresh foods helped 7-Eleven Singapore achieve solid sales growth last year despite subdued consumer confidence.
The Singapore online grocery market is set to more than triple in size over the next three years, according to research house IGD.
Weak performances by 7-Eleven and Cold Storage Singapore eroded profits for Dairy Farm Group’s food division last year.
High profile Singapore retailers have signed up to a government led program aimed at reducing food wastage.