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Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end. Since opening its first Philippine store in 2014, Alfamart has grown its store network to around 600 stores, which are operated by its local partner SM…
Mini-mart chain Alfamart will open 200 new stores in the Philippines next year, according to a Fitch Ratings report. It said Alfamart Philippines stores already has 400 stores in the country, of which 180 were opened this year in partnership with local…
Mini-mart chain Alfamart will open 200 new stores in the Philippines next year, according to a Fitch Ratings report. It said Alfamart Philippines stores already has 400 stores in the country, of which 180 were opened this year in partnership with local…
Indomaret convenience store chain leads the rankings of Indonesia’s top 10 retailers. The Indomarco Prismatama-owned convenience store chain achieved sales of US$4.89 billion last year, followed by Alfamart with $3.97 billion, according to Euromonitor.…
Alfamart Philippines owner Sumber Alfaria Trijaya plans to add 150 more outlets to its present 400. The Indonesian convenience store’s president/director Hans Prawiraafter says a deal for financing has been signed with Standard Chartered Bank in Jakarta. He…
FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via…
Sumber Alfaria Trijaya, operator of Alfamart convenience stores in Indonesia, plans to add up to 200 units in the Philippines this year that will nearly double its presence there. SAT began its Philippine business in 2014 with a 35% stake in a joint venture…
Alfamart Philippines is set for major expansion with funding secured for as many as 120 new stores. Alfamart Philippines is set for major expansion with funding secured for as many as 120 new convenience stores. Minority parent company Sumber Alfaria Trijaya…
Indonesia’s Alfamart has reported a healthy first half year’s performance. Alfamart sales rose by 21.5 per cent to IDR36,870 billion (US$2 billion) thanks to an aggressive store expansion program. The company’s unaudited gross profit increased 20.6 per cent.…
Indonesian online platform Tokopedia has signed an agreement with retailer Alfamart allowing online shoppers to pay at their nearest convenience store branch. Customers do not need a special account to complete a transaction in an Alfamart store. “The payment…
Southeast Asia’s largest economy, Indonesia, is ranked the world’s fifth most-attractive market for retail investment in AT Kearney’s 2016 Global Retail Development Index. In previous years it has ranked in the top 20. It is an exciting time to be investing…
Alfamart is going to utilize its 10,000 store network as pickup points for its new online shopping platform Alfacart. Alfacart, the new e-commerce platform will carry one million products from sellers, and is expected to generation IDR1tn (US$70m)…
Indonesian retail company Sumber Alfaria Trijaya is reinventing its online shopping service, utilizing its vast network of Alfamart convenience stores as pickup points to tackle the country’s logistical challenges. Alfacart is expected to be officially…
Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of…
February 29, 2016: SM Investments Corp (SM), the holding company of Philippine-based conglomerate SM Group of Companies, is merging its retail arm SM Retail Inc with related retail firms earning revenues up to $1 billion. SM earlier disclosed that its board…
Japanese convenience store operators are shrinking the size of their outlets in Indonesia amid growing competition from local rivals. But the strategy of pursuing profitability over scale runs the risk of downsizing the companies out of the market. In…
