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Dairy Farm International Says Year to May 14 Earnings Marginally Lower

Pan-Asian retailer Dairy Farm International Holdings Ltd (DFI.LN), said Wednesday that mixed performances from the Group's operations during the period from Jan. 1 to May 14. led to earnings being marginally lower than last year.MAIN FACTS:-This was principally due to weaker margins in the Food and the Health and Beauty businesses in Malaysia in the face of more aggressive promotional activity, lower supplier income and increased cost pressures.-The Group's activities in Hong Kong continued to perform well.-Operations in Singapore have been affected by an economic slowdown and higher operating costs.-Good sales growth was achieved in Indonesia in all formats, although the contribution compared to the corresponding period in 2012 reflected a significant increase in minimum wages and a weaker exchange rate.-Further progress was made in the Group's IKEA operations in Hong Kong and Taiwan where satisfactory earnings growth was achieved.-Restaurant associate, Maxim's, maintained its good pe...

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  1. How Much Renters Insurance Will Cover Your Stuff?

    Your flat-screen TV. Your computer. Your roomful of designer shoes/sneakers.What's all the stuff in your apartment worth? When you buy renters insurance -- and that'...

  2. IKEA turns the global local for Asia push

    Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have other ideas, t...

  3. IKEA Meatballs Pulled after Horse-Meat Traces Found

    IKEA on Monday became the latest company to be drawn into Europe's snowballing horse-meat scandal, as the Swedish furniture giant said it has recalled a batch of mea...

  4. IKEA halts meatball sales after horsemeat found

    Sweden's IKEA halted sales of its trademark Swedish meatballs in 13 European countries after tests in the Czech Republic on Monday showed the product contained horse...

  5. IKEA halts meatball sale in Italy after horsemeat report

    IKEA has halted the sale of meatballs at its Italian shops produced by Swedish supplier Familjen Dafgard on concerns they may contain horsemeat, a spokesman for IKEA...

  6. Czech inspectors find horsemeat in IKEA meatballs

    Czech inspectors have found horsemeat in meatballs made in Sweden for IKEA Group, the world's biggest furniture retailer, the Czech food regulator said on Monday.The...

  7. H&M CEO: Will Shortly Apply to Set Up Own Stores in India

    Swedish clothing retailer Hennes & Mauritz AB (HM-B.SK) will shortly apply to the Indian government for permission to set up own stores in the country, its chief exe...

  8. How Retailers Get You to Spend More

    It happens all the time: You stop at the grocery store for a gallon of milk, visit the mall to pick up a birthday gift for a friend, or duck into a store to replace ...

  9. Can You Learn to Be a Charismatic Leader?

    Great leaders all seem to share a certain hard-to-define quality — you might call it charisma. Is this something they’re born with, or can we all learn how to be charismatic?

  10. Is the Customer Always Right? Not When It's Their Fault

    Companies that give customers the opportunity to complain about products or services may regret their decision, even if companies are not at fault for a mistake.

  11. FEATURE-More mannequins, less clutter at heart of JC Penney plan

    More mannequins are on the floors of J.C. Penney stores. About 40,000 more.They are one of the most visible changes J.C. Penney Co Inc Chief Creative Officer Michael...

  12. FEATURE-More mannequins, less clutter at heart of JC Penney plan

    More mannequins are on the floors of J.C. Penney stores. About 40,000 more.They are one of the most visible changes J.C. Penney Co Inc Chief Creative Officer Michael...

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  4. H&M prepares $130 million drive to crack Indian market

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  7. IKEA halts moose lasagne sales after pork traces found

    Furniture retailer IKEA said on Saturday it had halted sales of moose lasagne after traces of pork were found in a batch of the product.Sales of the lasagne, of whic...

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