Supermarkets

HOT STOCK

Sheng Siong ends 6.5% higher at record closing price on improved Q3 earnings

The surge comes amid higher third-quarter net profit and its recent expansion moves

When BT visited Eccellente by Hao Mart at Taste Orchard on Sunday, the shelves and freezers on Level 2 had been entirely emptied of stock.

Hao Mart proposes settlement to Taste Orchard tenants, asks for details of unamortised unit fit-out costs

They will also have their security deposits refunded, and have been asked to provide estimated reinstatement amounts, with waivers subject to assessment

Hotpot chain Haidilao ranks among the top destinations for cross-border spending.

From mala to mall: 5 ways Singaporeans are swiping more in Johor

Transactions are up sharply even as the average ticket size dips, suggesting consumers are crossing the Causeway more often and buying more frequently

Sustainability is part of FairPrice Group's DNA, says group chief executive officer Vipul Chawla.
IMPACT ENTERPRISE EXCELLENCE AWARD (LARGE ENTERPRISE)

How FairPrice is making sustainability part of the shopping basket

It has a three-pillar strategy built on low-carbon operations, waste reduction and supplier enablement

The former OG Orchard Point building reopened as Taste Orchard in February 2024, with anchor tenant and supermarket chain Eccellente by Hao Mart occupying three levels.

Hao Mart’s Taste Orchard lease terminated by landlord OG; premises to be returned by Dec 31

Tenants at the food-focused mall say they were blindsided by the news, with some having up to two years left on their leases

Woolworths said its underlying net profit after tax was A$1.39 billion (S$1.14 billion) for the year ended June 29, compared with A$1.71 billion reported a year earlier.

Australian grocer Woolworths posts 19% drop in annual profit

AUSTRALIA’S Woolworths Group reported a 19 per cent drop in its full-year underlying profit on Wednesday, as lower spending by customers grappling with higher cost of living impacted its Australian Fo...

Kroger is looking to slim down, however, after its proposed acquisition of rival Albertsons was blocked by the US government.

Kroger lays off 1,000 corporate workers in cost-cutting move

Supermarket operators have posted healthy sales in recent quarters as cash-strapped consumers prioritise groceries and essential goods while trimming discretionary purchases

Accompanying a family during the guided shopping experience were Dr Syed Harun (first from left), Member of Parliament for Nee Soon GRC; Dwaipayan Sadhu, CEO of Trust Bank (second from right); and Denise Low (first from right), service delivery division director at MSF.
TAKING HEART

Trust Bank launches S$100,000 giving-back initiative with FairPrice tie-up

Beneficiaries learn how to use GenAI to shop and eat more healthily and affordably

Sheng Siong's share price has risen by some 26% this year.
HOCK LOCK SIEW

Singapore-focused listed companies are having their turn in the spotlight

[SINGAPORE] The oft-heard complaint is that Singapore’s market is too small and, beyond the banks, no one can make much money from investing in it. This year, the naysayers may find themselves pleasan...

Alibaba had begun shuttering Hema X outlets over the past year or so, reversing an expansion that began around 2020.

Alibaba to shut premium Hema X outlets after rivalry heats up

The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale