Giant Hypermarket

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GCH Retail (Malaysia) Sdn Bhd
TypePrivate Limited Company
IndustryRetail: Discount stores, grocery stores, and hypermarkets
Founded1944; 77 years ago (1944) in Kuala Lumpur, Federated Malay States (now Malaysia)
FounderTeng Family
HeadquartersShah Alam,
Selangor
,
Malaysia
Number of locations
46 store outlet and 13 Giant Mini (2021)
Key people
Simon Keswick (CEO)
Howard Mowlem (Chairman/)
OwnerTeng Family (1944–1999)
Dairy Farm International Holdings (90%)
ParentTeng Family (1944–1999)
Dairy Farm International Holdings (90%)
Websitewww.giant.com.my (Malaysia)
giant.sg (Singapore)
www.giant.co.id (Indonesia)

GCH Retail (Malaysia) Sdn Bhd (doing business as Giant Hypermarket) is a hypermarket and retailer chain now mainly in Malaysia, Singapore and Brunei,[1] Cambodia[2] and formerly Indonesia and Vietnam.[3] In 2016, Giant was the largest supermarket chain in Malaysia.[4]

History[]

The first Giant Hypermarket logo has been used, since 1999-2020.

Giant was founded in 1944 as a small grocery store in Kuala Lumpur and expanded with the opening of the in Bangsar in 1974.[5] In 1999, Dairy Farm International Holdings bought a 90% interest in the chain, with the Teng family retaining the balance.[6] By 2003, the holding company for the chain had changed its name to Dairy Farm Giant Retail Sdn Bhd, and the chain had eight Giant hypermarkets and 10 supermarkets as well as three Cold Storage supermarkets. Today, the company operates as a subsidiary of Dairy Farm International Holdings Limited and the name was changed to GCH Retail (Malaysia) Sdn Bhd.[7]

GCH Retail is 30%-owned by Syarikat Pesaka Antah Sdn Bhd — a company controlled by the Negeri Sembilan royal family and balance 70% by DFI Mauritius Ltd.[8][9]

In December 2011, Giant expanded into Vietnam.[10] However in February 2018, the Group disposed of its 100% interest in Asia Investment Supermarket Trading Co. Ltd. (AISTC), operating a hypermarket in Vietnam to Auchan Retail Vietnam, for net cash inflow of US$6.4 million.[11] As such, the Group has exited from supermarket and hypermarket business in Vietnam.[12][13]

Beginning 2017, Giant and its peers in the hypermarket retail segment in Malaysia had been underperforming due to high operational costs, weakening consumer spending, and stiffer competition from smaller supermarkets, retailers and e-commerce.[14] In 2019, it closed at least six outlets in Peninsular Malaysia operations. It comprises 2 hypermarkets & 2 Cold Storage outlets in Selangor, 1 each in Kedah, Perak, and Kuala Lumpur.[15] While exiting totally from Sabah and Sarawak.[16] There had about 16 stores in both of the states which they transferred the business to local stores as new owners rather than closing them permanently.

Similar downsize also observed in Singapore with the closure of two stores located at Bukit Panjang and Jalan Tenteram in Whampoa estate, and its VivoCity hypermarket in 2019.[17] It also closed its Parkway Parade hypermarket on 29 February 2020.

In May 2021, Giant announced its withdrawal from Indonesia since 31 July 2021. Some branches would be replaced with Hero Supermarket and IKEA small stores. Hero is also owned by Dairy Farm.[18][19][20]

Rebranding[]

On 24 September 2020, Giant Singapore announced that it would be undertaking a rebranding exercise, introducing a new logo and new features to its stores. It will also lower prices of daily essentials by 20% average for six months, following NTUC FairPrice's decision to lower prices in order to support Singaporeans during the COVID-19 pandemic.[21]

The rebranding of Giant's logo was extended to Malaysia in April 2021. As part of transformation, Giant introduces section known as “Ringgit Zone” which has priced its products fixed at RM3 per item for bargain hunters.[22] Both ShopSmart & G-Ekspres are being rebranded as Giant Mini.[23]

See also[]

References[]

  1. ^ Ubaidillah Masli (23 March 2008). "Bruneians go all out for Giant bargains". The Brunei Times. Archived from the original on 16 April 2016. Retrieved 16 April 2016.
  2. ^ "Malaysia's Giant Opens First Cambodia Supermarket". Khmer Times. 21 April 2016. Retrieved 22 January 2019.[permanent dead link]
  3. ^ Quoc Hung (31 August 2011). "Supermarket Giant to be opened in Vietnam". The Saigon Times. Archived from the original on 16 April 2016. Retrieved 16 April 2016.
  4. ^ Abdul Ghani Wahab (21 November 2016). "Malaysia Retail Foods Annual 2016" (PDF). USDA Foreign Agricultural Service. Archived (PDF) from the original on 21 December 2016. Retrieved 17 February 2018.
  5. ^ Ferina Manecksha (13 January 2000). "Giant TMC adopts e-commerce initiative". New Straits Times  – via HighBeam (subscription required). Archived from the original on 29 March 2015. Retrieved 16 April 2016.
  6. ^ "Giant TMC to open ninth outlet". New Straits Times  – via HighBeam (subscription required). 16 October 2000. Archived from the original on 29 March 2015. Retrieved 16 April 2016.
  7. ^ "Company Overview of GCH Retail (Malaysia) Sdn Bhd". Bloomberg L.P. Archived from the original on 23 April 2016. Retrieved 16 April 2016.
  8. ^ Ganesan, Vasantha (25 February 2015). "Giant partners NS royal family-controlled firm". The Edge (Malaysia). The Edge Financial Daily. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  9. ^ Ganesan, Vasantha (20 August 2019). "20 more Giant and Cold Storage stores to close". The Edge (Malaysia). Archived from the original on 21 October 2019. Retrieved 3 January 2020.
  10. ^ "10 Facts About Giant, The Supermarket From M'sia That is Everywhere in S'pore". Goody Feed. 30 June 2019. Archived from the original on 28 May 2021. Retrieved 23 April 2021.
  11. ^ "Dairy Farm Annual Report 2018" (PDF). www.dairyfarmgroup.com. p. 102. Archived from the original (PDF) on 7 January 2020. Retrieved 7 January 2020.
  12. ^ Nhung, Hong (30 November 2018). "Giant hypermarket becomes Auchan Crescent Mall". vneconomictimes.com. Vietnam Economic Times. Archived from the original on 2 December 2018. Retrieved 7 January 2020.
  13. ^ Stockdill, Robert (1 March 2019). "Dairy Farm Group profit takes a hit from restructure". Inside Retail Asia. Archived from the original on 1 March 2019. Retrieved 7 January 2020.
  14. ^ "Hypermarkets face a bleak future on waning appetite". The Malaysian Reserve. 15 July 2019. Archived from the original on 23 April 2021. Retrieved 23 April 2021.
  15. ^ "Tale of the shrinking Giant". The Edge (Malaysia). The Edge Markets. 31 July 2019. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  16. ^ "Giant to exit Sabah and Sarawak". The Edge (Malaysia). The Edge Markets. 12 February 2020. Archived from the original on 13 February 2020. Retrieved 12 February 2020.
  17. ^ Cheng, Kenneth. "Giant's footprint shrinking in Singapore? Hypermarket chain to close VivoCity outlet in early 2019". Today (Singapore newspaper). TODAYonline. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  18. ^ Okezone (25 May 2021). "Selamat Tinggal, Gerai Giant di Seluruh Indonesia Ditutup Akhir Juli 2021 : Okezone Economy". https://economy.okezone.com/ (in Indonesian). Archived from the original on 25 May 2021. Retrieved 25 May 2021. External link in |website= (help)
  19. ^ Media, Kompas Cyber (25 May 2021). "Fokus Tiga Merek, HERO Tutup Seluruh Gerai Giant Akhir Juli Halaman all". KOMPAS.com (in Indonesian). Archived from the original on 25 May 2021. Retrieved 25 May 2021.
  20. ^ Sandi, Ferry. "Berguguran! Gerai Giant Tutup Berantai, Setop Total Juli 2021 - Halaman 2". news (in Indonesian). Archived from the original on 25 May 2021. Retrieved 25 May 2021.
  21. ^ Tay, Triffany (24 September 2020). "Giant supermarket to lower prices of daily essentials for 6 months by 20% on average". The Straits Times. Archived from the original on 24 September 2020. Retrieved 24 September 2020.
  22. ^ Saieed, Zunaira. "Giant step to revamp image". www.thestar.com.my. The Star. Archived from the original on 23 April 2021. Retrieved 23 April 2021.
  23. ^ Ganesan, Vasantha (20 April 2021). "Mini steps to make a Giant difference". The Edge Markets. Archived from the original on 23 April 2021. Retrieved 23 April 2021.

External links[]


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