7-Eleven To Franchise 50 Per Cent Of Oulets In Three Years

KUALA LUMPUR, Dec 21 (Bernama) — 7- Eleven Malaysia Sdn Bhd, the owner and operator of 7-Eleven stores in Malaysia, expects to franchise 50 per cent of its stores in three years’ time.

Its executive director, Ng Su Onn, said currently, the company has 1,103 stores, with three run by franchisees.

“We hope to grow the number of stores to 2,000 in three years’ time. To have 1,000 of the stores managed by franchisees during this period is achievable,” he told reporters after a signing ceremony between 7-Eleven Malaysia and Perwira Niaga Malaysia here Monday. Continue Reading…

7-11 to open 2,000 stores within 5 years

Written by Lam Jian Wyn

KUALA LUMPUR: 7-11 Malaysia Sdn Bhd aims to open 2,000 stores nationwide in three to five years, of which 50% of the new stores would be under its franchise scheme.

Executive director Ng Su Onn said on Monday, Dec 21 the franchise system would help expand its outlets. Currently, only three stores were under the franchise scheme. Continue Reading…

Raising funds to subsidise mammogram tests

TESCO Malaysia and Colgate-Palmolive Marketing have launched a nationwide campaign on Dec 10 to raise funds to help subsidise mammogram tests for early detection of breast cancer among poor women.

The campaign, called “Share a Smile”, aims to raise RM25,000 for three charity partners which are National Cancer Council (Makna), National Cancer Society of Malaysia and Breast Cancer Welfare Association (BCWA).

The funds are generated from the sales of Softlan three litre bottles at any Tesco Store between Dec 10 and 23. Continue Reading…

MARC Affirms Ratings On Tesco’s RM3.5 Bln Debt Programme

KUALA LUMPUR, Dec 14 (Bernama) — Malaysian Rating Corporation Bhd (MARC) has affirmed Tesco Stores (Malaysia) Sdn Bhd’s RM3.5 billion conventional and Islamic commercial papers/medium term notes programme at AAA(cg)/MARC-1(cg) and AAAID(cg)/MARC-1ID(cg) respectively.

It said the ratings reflect the credit strength of the corporate guarantee provided by its parent company, UK-based Tesco Plc.

It is also underpinned by the group’s strong global market position in grocery retailing and steady profit margins, despite weak economic conditions in several of its markets. Continue Reading…

Blast tragedy before grand opening

Firemen outside the complex after rescuing blast victims

Firemen outside the complex after rescuing blast victims

It was supposed to be a grand opening on Thursday for the largest AEON Jusco store in the country but it turned to tragedy Monday when a gas leak caused an explosion, causing the death of a supervisor and injuring 16 people,

Everything was in full swing with workers and tenants busy making final preparations for the opening when disaster struck just before 1pm at the complex in Jalan Lagenda, Bachang, Malacca. Continue Reading…


MELAKA, Dec 14 (Bernama) — A gas installation worker was killed and 19 others were injured, including three seriously, in an explosion believed to be caused by liquefied petroleum gas (LPG) leakage during testing at the Aeon Jusco shopping complex at Jalan Tun Razak-Peringgit, here today.

The incident happened at about 1pm at the food court area of the shopping complex which will be opened to the public this Thursday.

The dead was identified as Tau See Peng, 25, from Batu Pahat, Johor. Continue Reading…

Tesco UK sales rise 2.8% in third quarter

Lower food price inflation holds back sales growth

LONDON: Tesco Plc, the world’s No. 3 retailer, posted quarterly sales growth towards the bottom end of forecasts, held back by lower food price inflation, but said a gradual consumer recovery remained on track.

“We are seeing improving customer confidence and encouraging trends in both the UK and our international businesses, although recessionary conditions still exist in a number of markets,” Tesco chief executive Terry Leahy said yesterday. Continue Reading…

Tesco introduces reusable designer bags

by Hemananthani Sivanandam

Rizalman with the reusable bag

TESCO Stores (Malaysia) Sdn Bhd recently teamed up with local designer Rizalman Ibrahim to create a stylish reusable bag made entirely out of recycled plastic bottles.

The new bag, aimed at helping help people use less plastic carrier bags, retails at RM4.99, is available in all 31 Tesco stores nationwide.

Tesco will also be giving RM0.50 from every sale of the bag to GREENaid, a programme to support various conservation and educational activities on natural heritage managed by Malaysian Nature Society.

Tesco is only producing 50,000 of these unique designer bags which comes with a blue butterfly print on one side and the letter ‘r’ (denoting Rizalman) with a recycling symbol on top in the form of a dot on the other side. It also has Rizalman’s signature at the bottom. Continue Reading…

Right branding,good packaging help boost sales

GOOD packaging and strong brand presence go a long way towards enhancing sales of products, as they stand out in the market and attract customers’ attention.

The right branding and good packaging can triple a company’s sales, SME Corp Malaysia Bhd chief executive officer Datuk Hafsah Hashim said.

“We monitor small and medium enterprises (SMEs) that have obtained SME packaging grants and we found that the minimum increase in sales was 30 per cent, while the best was 230 per cent,” she told Business Times in an interview.

Training local SMEs on innovative packaging and branding is one of SME Corp’s immediate plans after it started its operations on September 1. Continue Reading…

New Carrefour Stores to spur revenue growth

French retailer Carrefour hopes to see revenue from its Malaysian hypermarkets increase by a fifth next year, similar to last year’s performance.

The anticipated improvement in the economy and opening of additional outlets will help spur growth, its chief executive officer Guillaume de Colonges said.

“In the first half, Carrefour had some difficulties. But, in the past few weeks since Ramadhan, we have been experiencing some improvement in our business,” de Colonges said in an interview with Business Times. Continue Reading…