HYPERMARKETS in Malaysia

[rizalhakim]

Tesco expects six new stores to contribute 15% to revenue
By Bernama
Tuesday, 18 May 2010 19:21

KUALA LUMPR: Tesco Stores (M) Sdn Bhd expects its six new stores in Malaysia to contribute 15% to its revenue in the financial year ending Feb 28, 2011, its Chief Executive Officer Tjeerd Jegen said.

The hypermarket operator registered a revenue of RM3.5 billion in the 2009/2010 financial year.

Jegen said two stores were opened earlier this year with one in Rawang, Selangor and the other in Bukit Indah, Johor.

"The rest of the four stores will be opened in Melaka, Kepong (Kuala Lumpur), Old Klang Road (Kuala Lumpur) and in Kulim (Kedah).

"We will be investing about RM80 million to RM90 million per store subjecting to the size," Jegen told reporters after the launching of ‘Easy by RHB’ at Tesco Ampang here Tuesday, May 18.

Tesco currently has 33 stores nationwide.

Asked whether the company was looking at a listing, Jegen said Tesco was happy with its partnership with Sime Darby and not looking at a listing.

"We do not believe that listing will help us at the moment," he elaborated. -- Bernama

[rizalhakim]

Carrefour Puchong Utama

[achkeen10]

Tesco Cheng opening on 24th June

[rizalhakim]

Tesco Melaka Cheng mula dibuka



TIM GOLDING (dari kiri), Ramamoothi dan Abu Hasan memotong riben sebagai tanda perasmian cawangan terbaru Tesco di Jalan Cheng, Melaka semalam.

--------------------------------------------------------------------------------


MELAKA - Cawangan terbaru Tesco Store (Malaysia) Sdn. Bhd. (Tesco), di Jalan Cheng, Melaka menjadi tumpuan apabila ia mula dibuka kepada orang ramai mulai semalam.

Pasar raya besar yang dikenali sebagai Tesco Melaka Cheng itu merupakan rangkaian kedua dibuka di bandar bersejarah itu yang menjadikan jumlah keseluruhan rangkaian Tesco kini sebanyak 34 buah di seluruh negara.

Ketua Pegawai Eksekutif Tesco, Tjeerd Jegen berkata, premis terbaru itu merupakan pusat sehenti beli belah yang menawarkan lebih daripada 60,000 jenis produk merangkumi pakaian sehingga buah-buahan pada harga yang rendah.

"Nilai terpenting yang diharapkan oleh pelanggan kami ialah produk makanan berkualiti tetapi dijual pada harga rendah.

"Tesco akan sentiasa memantau produk terpilih ini untuk kegunaan rutin harian pelanggan dan kami akan memastikan harga barangan tersebut adalah rendah daripada pasar raya pesaing kami," katanya dalam satu kenyataan di sini semalam.

Majlis perasmian tersebut disempurnakan oleh Ketua Pegawai Operasi Tesco, Tim Golding; Pengurus Besar Rangkaian, S. Ramamoothi dan Pengurus Projek, Abu Hasan Mohd. Nordin.

[patchay]

BYE-BYE CARREFOUR....

Carrefour is planning to pull out completely from Malaysia by end of this year.




Dairy Farm is from Hong Kong, Tesco is from UK, Carrefour is from France and AEON is from Japan. There are many more smaller ones which are not included here.


----

[brain_failure]

Originally Posted by patchay

BYE-BYE CARREFOUR....

Carrefour is planning to pull out completely from Malaysia by end of this year.




Dairy Farm is from Hong Kong, Tesco is from UK, Carrefour is from France and AEON is from Japan. There are many more smaller ones which are not included here.


----

so who is going to take over Carrefour? Walmart or Metro ....the same TEsco n giant again?

[patchay]

Originally Posted by brain_failure

so who is going to take over Carrefour? Walmart or Metro ....the same TEsco n giant again?

Probably the same GIANT or TESCO. It will be interesting if Korea's Lotte or America's WalMart comes in.

Malaysia's mass-grocery market is quite small, or rather very small, compared to our peers and our policy requires a Bumiputera local partner, which is frankly quite "sux". Besides that, retailers must buy alot of products from our small SMEs of Malaysia.

Other than that, I think Carrefour in Malaysia was not profitable for many many years until after 8 years in Malaysia, since 2002. (Yet their prices seem to be higher than GIANT and TESCO?)

[patchay]

sorry this is the updated version:

[aniqasyranie]

Originally Posted by patchay

BYE-BYE CARREFOUR....

Carrefour is planning to pull out completely from Malaysia by end of this year.


----

heard from radio this morning that this news is rubbish

[brain_failure]

July 07, 2010 22:50 PM
Carrefour Malaysia & Singapore Deny Store Closures


KUALA LUMPUR, July 7 (Bernama) -- Carrefour Malaysia and Singapore said today that it is business as uusual for all its stores here and in the republic.

Denying any store closure in Malaysia and in Singapore, the hypermarket said in a statement on Wednesday that four Carrefour outlets opened for business in Malaysia this year and another four hypermarkets were slated to open by year-end.

Carrefour was responding to recent reports that the French retail giant was in early stages of selling its units in Malaysia, Thailand and Singapore which could raise up to US$1 billion and planned on shutting down its operations in these three countries.

-- BERNAMA

[rizalhakim]

yeah dats wat i tot...y exit when they juz open few outlets? dat article totally rubbish!!!

[dcOhiney]

what ever it is, i'm still going to buy my kitchen stuff at Econsave. :P

[SHAH FIRDAUS]

New Giant Klang Sentral Store

The new Giant Klang Sentral store is opening on 12th August 2010.

Located at No 2, Persiaran Klang Sentral 4, Taman Klang Sentral Bukit Raja, Meru, Klang, Selangor.

[coolman89]

Mydin To Open 14 More Branches Nationwide

SUBANG JAYA, Aug 18 (Bernama) -- Mydin Mohamed Holdings Bhd plans to open 14 more branches nationwide with gross development value of RM1.6 billion in two years.

Its managing director, Datuk Ameer Ali Mydin, said the company has bought 14 parcels of land worth RM165 million nationwide to build hypermarkets.

"We are looking at various options to fund this plan, such as internally-generated funds, bank borrowings or build and lease," he told reporters after the launch of AmBank-MyKasih Community Programme at Mydin Hypermarket USJ Subang Jaya here Wednesday.

Ameer Ali said the new hypermarkets would be built in Kuching, Kota Kinabalu, Sungai Petani, Bukit Mertajam, Kota Baharu, Kuantan, Johor Baharu, Kuala Terengganu, Seremban and Kajang.

"Our immediate plan is to add 20 mini market branches this year and another 50 by 2011," he said.

Currently, Mydin has 57 branches nationwide, which include four hypermarkets, 18 emporiums, two bazaars, 24 mini markets ("MyMydin"), three 24-hour convenience stores ("My Mart") and six franchises ("Mydin Mart").

Ameer Ali said Mydin expected sales to increase to RM1.6 billion this year from RM1.35 billion last year in line with the uptrend in the domestic economy.

"The healthier the nation, the better our economy will perform and as a result there will be better sales," he said.

He said Klang Valley business operations continued to contribute to higher sales growth, followed by Melaka.

Ameer Ali urged small and medium enterprises (SMEs) to produce a wide variety of products and supply to the company.

He said SMEs should look into handicrafts, garments and accessories.

"So far we are happy with SME products that met the criteria but they must look at other products needed by the market," he said.

-- BERNAMA

[rizalhakim]

Originally Posted by coolman89

Mydin To Open 14 More Branches Nationwide


Ameer Ali said the new hypermarkets would be built in Kuching, Kota Kinabalu, Sungai Petani, Bukit Mertajam, Kota Baharu, Kuantan, Johor Baharu, Kuala Terengganu, Seremban and Kajang.

cool.... i love Mydin....

[brain_failure]

Carrefour getting out of Malaysia: Minister

French retail giant Carrefour plans to sell its business in Malaysia, a minister said, amid speculation the firm will also offload its Singapore and Thai stores and exit Southeast Asia altogether.

“We heard that Carrefour is considering divesting. It is for the purpose of rationalisation of their overseas business,” Deputy Minister of International Trade & Industry Datuk Mukhriz Mahathir said late Monday.

“They want to sell their business (in Malaysia),” he said, adding that “other hypermarkets are keen to take over” Carrefour’s 23 stores in the country.

“There are many suitors,” he said.


Low Ngai Yuen, Carrefour’s marketing and communications director, declined to respond to the comments.

Yeah Kim Leng, group chief economist with financial research firm RAM Holdings, said Carrefour’s impending departure from Southeast Asia had been well flagged.

“The news has been around for some time. It is an open secret that Carrefour wants to pull out from Malaysia, Thailand and Singapore. They have put feelers out to the industry on their plan,” he said.

Yeah said Carrefour wanted to consolidate its business and move its resources to the booming Indian market.

“It is not surprising for them to move to India. The middle class segment is a large expanding group,” he said.

The New Straits Times newspaper last month reported that Carrefour had put a tag of US$1.0 billion collectively on its business in Malaysia, Singapore and Thailand.

Yeah said the growth of the hypermarket industry in Malaysia was not spectacular compared to the opportunities presented by the fast-growing Indian market but that it remained profitable.

“The hypermarket industry in Malaysia is dynamic and very competitive,” he said.

“Given the growth potential in the region, we will likely see other players buying Carrefour. Players that exit will be able to find suitors.”

Other players in the Malaysian market who are possible buyers of the Carrefour outlets include Britain’s Tesco, Japan’s Jusco, and Giant, which is owned by the Dairy Farm group. -- AFP


Read more: Carrefour getting out of Malaysia: Minister http://www.btimes.com.my/Current_New...#ixzz0xVF2OVgK

[rizalhakim]

dats bad...i love carre4.....

[daeng_jal]

Originally Posted by patchay

Probably the same GIANT or TESCO. It will be interesting if Korea's Lotte or America's WalMart comes in.

Malaysia's mass-grocery market is quite small, or rather very small, compared to our peers and our policy requires a Bumiputera local partner, which is frankly quite "sux". Besides that, retailers must buy alot of products from our small SMEs of Malaysia.

Other than that, I think Carrefour in Malaysia was not profitable for many many years until after 8 years in Malaysia, since 2002. (Yet their prices seem to be higher than GIANT and TESCO?)

lotte mart yang dekat ampang tu bukan ker?

and guys be careful at GIANT, they sometime charge different prices then what at the price tag

[Tempe]

Ramai minat beli Carrefour
Oleh Helmy Abd Rahman

2010/08/25
CARREFOUR, gergasi peruncitan berpangkalan di Perancis, bercadang menjual perniagaannya di Malaysia, kata Timbalan Menteri Perdagangan Antarabangsa dan Industri, Datuk Mukhriz Mahathir (gambar).
Sebelum ini spekulasi bertiup kencang mengenai rancangan syarikat berkenaan menutup rangkaian perniagaannya di Singapura dan Thailand sekali gus memberhentikan operasinya di Asia Tenggara.


“Kami dengar Carrefour sedang menimbang untuk mengecilkan perniagaannya. Ia bertujuan bagi rasionalisasi perniagaan luar syarikat terbabit,” katanya kepada AFP, baru-baru ini.


Mukhriz berkata, ada beberapa pasar raya besar berminat mengambil alih perniagaan Carrefour yang mempunyai 23 cawangan di negara ini.


“Terdapat banyak pihak iaitu pasar raya besar lain berminat mengambil alih perniagaan Carrefour di negara ini,” katanya.


Ketua Ekonomi Kumpulan RAM Holdings, Yeah Kim Leng berkata, rancangan penarikan diri Carrefour dari Asia Tenggara sememangnya sudah dijangka.


“Perkara ini dihebahkan sejak beberapa lama. Hasrat Carrefour untuk menarik diri dari Malaysia, Thailand dan Singapura menjadi ‘rahsia terbuka’. Syarikat berkenaan juga sudah memberi gambaran kepada industri mengenai rancangan mereka,” katanya.


Yeah berkata, Carrefour ingin mengukuhkan perniagaannya dan memindahkan sumber ke pasaran India yang kini sedang melonjak naik.


“Bukanlah sesuatu yang menghairankan jika Carrefour beralih ke India. Negara itu ramai golongan pertengahan yang juga kumpulan berbelanja paling besar,” katanya.


Bulan lalu, The New Straits Times melaporkan, Carrefour meletakkan harga jualan AS$1 bilion bagi semua perniagaannya di Malaysia, Singapura dan Thailand.

[shadowmoon]

so carrefour is closing..

what a shame. i kinda like carrefour..