TFP Retail Sdn Bhd (formerly known as Village Grocer Holdings Sdn Bhd) – which operates the Village Grocer and Ben’s Independent Grocer (BIG) chains of premium supermarkets – is in the process of an aggressive expansion strategy. TFP not only has 17 confirmed store openings between October 2022 and mid-2024, but it is also in talks with landlords for openings in 30 new locations.
TFP is currently studying the mini-store format as part of its expansion strategy and it will likely roll out these smaller supermarkets once it has perfected the format and model. A preliminary concept is that they will likely offer imported products and be tweaked to fit the particular demographic make-up of the local population.
One of the most interesting trends to have emerged in response to the COVID-19 pandemic is the much stronger interest that consumers now have in leading healthier lifestyles. This increased health consciousness among consumers is encouraging supermarkets to introduce a wider variety of healthier products to cater to the needs of these consumers.
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Understand the latest market trends and future growth opportunities for the Supermarkets industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Supermarkets industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Supermarkets are chained or independent retail outlets with a selling space of between 400 and 2,500 square metres and with a primary focus on selling food/beverages/tobacco and other groceries. Supermarkets may also sell a selection of non-groceries, but the product mix is skewed towards grocery items. Example brands include Casino, Kroger, and Tesco. Exception: In some markets, primarily the US, Australia and Hong Kong, there are grocery retailer brands that operate outlets with a selling space of over 2,500 square metres, but offer only a very limited range of non-grocery merchandise or none at all. These brands are included in Supermarkets.See All of Our Definitions
This report originates from Passport, our Supermarkets research and analysis database.
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