Dairy Farm streamlines operations in Singapore

Date : 15 October 2018

Business rationalisation process sees closure of several stores.

Giant hypermarket at VivoCity to close next year

As part of a review of its retail portfolio, grocery retailer Dairy Farm has revealed that Giant hypermarket in VivoCity shopping mall will cease operations early next year. It is targeting to vacate its premises after Chinese New Year 2019. Previously, the retailer had already shut two other supermarkets, located in Bukit Panjang and Whampoa.

The store in VivoCity is one of eight Giant hypermarkets currently in Singapore. It has been operating since the mall opened in 2006 and is one of the anchor tenants there. At present, Giant also operates 26 supermarkets and 28 Giant Express stores throughout Singapore.

It is a subsidiary of Dairy Farm International Holdings, who also operates Cold Storage, Market Place by Jasons and 7-Eleven in Singapore. The group will continue to review its store portfolio and may close more underperforming stores in future.

H1 2018 sales up by 6%

It was reported that Dairy Farm turned in a strong set of results for the first half of 2018, with consolidated sales up by 6%. We can expect Dairy Farm to continue taking steps to revitalise its Southeast Asian operations.

Find out more information about Dairy Farm here.

 

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