Yonghui Archives - Inside Retail Singapore
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts.
Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Dairy Farm sales were described as “flat” in the third quarter to September 30.
Despite lower supermarket and hypermarket sales, Dairy Farm International Holdings has posted solid first-half profit growth.