Dairy Farm International has reported that its sales dropped by 4% in the first half of the year to US$ 14bn.  As last year’s strong consumer buying patterns normalised, the Group’s underlying profit has decreased by 69%, from US$ 105m in the prior year to US$ 32m for the first six months of 2021. Difficult to match sales surge in 2020, as shopper behaviour normalises It has been a challeng...

FairPrice has opened a new convenience store size format. This is the retailer’s first small format store that is primarily focused on fresh produce. It is a pilot initiative and has a much smaller assortment than regular FairPrice supermarkets. Source: IGD Research Neighbourhood store with a small footprint Source: IGD Research The 100 sq m store is in a neighbourhood with ...

The South Korean ecommerce company disclosed this week it is ready to start operations in Singapore. As a first step, it has completed the hiring of senior executives in the country. Testing the water for its Southeast Asia strategy The move is seen as Coupang’s intention to use Singapore to test its Southeast Asia growth strategy. Although Singapore is small in size, with only six million ...