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DFI news

28 July 2023
DFI Retail Group has reported its 2023 first half results, showing a slight decline in Group revenue of 4% to US$13,488 million compared to the same period last year, primarily due to reduced sales at Yonghui. However, the underlying profit has shown signs of recovery, reaching US$33 million this year. H1 segment sales results Grocery retail: decreased from US$9,824m to US$8,433.4m Conveni...
07 July 2023
7-Eleven Hong Kong, operated by DFI Retail Group, has several exciting developments recently. This includes the use of AI (artificial intelligence) in its latest campaign video and an unexpected collaboration with a socks brand. Here is a summary: AI enhances video background Source: 7-Eleven Hong Kong/DFI Titled ‘Explore the Foodie-verse. Anytime Anywhere’, the campaign vide...
10 May 2023
DFI Retail Group (formerly known as Dairy Farm Retail Group) has announced the appointment of Scott Price as its new CEO, effective August 1, succeeding Ian McLeod, who has been in the role for six years. Strong track record of the new leadership Price most recently held the role of president at UPS international and previously held the role of chief strategy and transformation officer with...
06 March 2023
Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....
03 March 2023
New legislation will see leading supermarket and hypermarket chains in Singapore charge shoppers at least SGD0.05 (US$0.04) for disposable carrier bags from 3 July 2023. This is to encourage shoppers to reduce waste and adopt a more sustainable lifestyle. Mandatory for larger store formats Larger supermarket and hypermarket retailers with an annual turnover of over SGD100m (US$74m) will be ...
24 February 2023
DFI, which entered the Malaysia market 24 years ago, has decided to sell all of its food businesses to Macrovalue Sdn Bhd. What does it entail? DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd. It operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant...
04 January 2023
Despite a tax hike in 2023, Singapore’s leading supermarket and hypermarket retailers have all committed to offsetting the increase to provide affordability to shoppers amidst concerns on the impact of inflation. Tax hike covers all products Singapore’s Goods and Services Tax (GST) was increased by 1 percentage point, from 7%, to 8%, starting from 1 January 2023. The GST is a VAT-style tax ...
06 December 2022
7-Eleven Singapore recently opened 7Café, its first café concept store in Singapore. The store is located at Jewel Changi Airport shopping mall, just beside Changi Airport. It is positioned as a café that allows travellers to recharge. Source: IGD Research Wide array of food and beverage options Source: IGD Research The café has a great variety of food and beverage options. ...
28 October 2022
DFI retail group recently introduced the yuu Rewards Club app, a platform that allows shoppers to earn points and redeem rewards across retail, foodservice and telco outlets in Singapore. This builds upon the success of a similar DFI app launch in its home market of Hong Kong in 2020, which has garnered millions of downloads. Diverse range of partners involved The app involves the use of QR...
23 August 2022
DFI will kick start a commitment to provide a million meals to the less fortunate in Singapore across two years. “Have you eaten” initiative The group will contribute a percentage of its revenue from the sale of its Meadows brand of rice from any Giant, Cold Storage or CS Fresh stores towards the programme. The goal is to provide one million meals in food donated, supported by its ongoing s...