Malaysia news

08 July 2019
Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...
01 July 2019
UAE-based LuLu Group has opened its second store in Malaysia today, after the successful launch of its first store two years ago. This expansion forms part of its investment to invest US$ 300 million to set up 10 hypermarkets and a central logistics warehouse in the country. Second hypermarket in the country and 174 th globally The 80,000 sq ft store was inaugurated by YB Datuk Seri S...
20 June 2019
Alison Horner, CEO of Tesco Asia, shared the region’s plan to maximise the mix in a meeting for investors and analysts at its head office in the UK. Reset for growth in Asia: max the mix According to Alison Horner, Thailand’s urban population of 43.9% in 2010 will rise to 58.4% by 2030. Tesco Asia has reached 69% of the population in Thailand and Malaysia, representing significant growth op...
17 June 2019
Tesco announces positive first quarter results with Asian sales rising 2.6% quarter on quarter at constant rates. Increase in market share in Thailand Dave Lewis, CEO of Tesco, shared that the increase in Asia is supported by significant growth in the Bangkok area. The Asian business returned to like-for-like sales growth, up 0.1% to GBP1.2bn (US$1.5bn). It is helped by a stronger customer ...
30 May 2019
Sales for the first quarter grew by 9% versus same period last year. A renewed focus on shopper needs 7-Eleven Malaysia reported sales revenues of MYR583.73m at the end of the first quarter of 2019, a 9% increase in previous year’s sales. This growth was attributed to positive response to consumer promotions, opening of new stores as well as an increased basket size per shopper. 7-Eleven...
09 May 2019
Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...
24 April 2019
AEON has partnered online grocery delivery company HappyFresh in Malaysia to provide shoppers greater convenience. Purchasing groceries on HappyFresh mobile app AEON Malaysia continues to step up its ecommerce initiatives. It previously announced partnership with Honestbee , and now is allowing customers to buy groceries via the HappyFresh mobile app. Users will be able to choose from appr...
10 April 2019
Tesco has announced its full year results with LFL sales in Asia showing improvement in Q4. Significant improvement in the second half Although full year LFL sales in Asia fell by 6.2%, it declined by 3% in Q4, showing signs of recovery. Sales in the first half was impacted by the retailer’s decision to exit unprofitable bulk selling. Thai government’s issuance of welfare card, which could ...
26 March 2019
A.S. Watson Group has opened its 15,000th store in Kuala Lumpur, Malaysia. 500th Watsons store in Malaysia The world's largest health and beauty retailer continues to rapidly expand its store network, opening a new store on average  once every seven hours  across Asia and Europe. Earlier today, the Group opened its 15,000th store globally. This also marked the 500th Watson store in Malays...
11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...