Health & beauty and drugstores news

19 March 2020
A.S. Watson has posted its annual results for the year ended 31 December 2019. Total retail revenue was up 4% in local currencies, but flat at HKD169.2bn (US$21.8bn) after foreign currency translation impacts. Results summary – revenue up across all H&B divisions in local currencies  Total retail revenue (H&B segments and Other Retail), EBITDA and EBIT of HKD169.2bn (US$21.8bn), HKD16.9b...
10 March 2020
A.S. Watson has opened a Watsons Play Glam concept store at Tuen Mun Town Plaza, Hong Kong. Digitising in-store and increasing shopper interaction The grand opening of Watsons Play Glam was on 20 th January. It operates approx. 418 sq m / 4,500 sq ft, carrying more than 15,000 products from 7,100 health and beauty brands. The store has various customer interactive experience zones, a stron...
05 March 2020
Steve Ager is set to join the business in June. Commercial director for Boots UK &ROI Ager will report into Boots MD Seb James and Annie Murphy, chief commercial officer for Walgreens Boots Alliance. He joins Boots from Dixons Carphone, where he was group commercial officer. Prior to that Ager spent 30 years with Tesco, including as president of Tesco China and commercial director of p...
26 February 2020
A.S. Watson has announced expansion plans for Superdrug and Savers in the UK. 80 new stores between Superdrug and Savers The Grocer reports that Superdrug and Savers plans to open 80 new stores between them this year – around 30 and 50 respectively. However, A.S. Watson is planning to close some of its existing Superdrug stores and reopen them as Savers. Around 20 Superdrug stores are set t...
26 February 2020
After exiting Singapore towards the end of last year, Sa Sa International has relaunched via a partnership with ecommerce platform Shopee. Sasa trading via Shopee Sasa no longer operates bricks-and-mortar stores. The new strategic partnership has enabled Sasa to open an official store on Shopee. A range of products will be discounted through to March 1 as part of Shopee’s Brands Festival....
13 February 2020
We review CVS Health’s fourth quarter performance and how it’s developing an integrated healthcare model, building resilience against online pharmacy operators. Fourth quarter key numbers Total Q4 revenue increased 22.9% to $66.9bn, driven by the acquisition of Aetna For the full year, total revenue increased 32.0% to $256.8bn Within the Retail/Long Term Care (LTC) segment, revenue...
12 February 2020
Sa Sa International has reported a 76.9% decline in Hong Kong and Macau sales during Lunar New Year. Sales, volume and footfall plummeting As a result of poor local sentiment, Sa Sa has closed 21 stores and will “substantially strengthen control measures” in order to reduce losses. Its executive directors have taken a 75% salary reduction for three months. Sa Sa’s retail sales in Hong ...
06 February 2020
Walgreens Boots Alliance appoints a new president to Walgreens, and former MD of Boots UK Elizabeth Fagan leaves the business. New president of Walgreens announced Richard Ashworth has been appointed as President of Walgreens, reporting into Alex Gourlay, co-COO of Walgreens Boots Alliance. Ashworth will take responsibility for leading, developing and managing the business. After 28 year...
03 February 2020
Japanese drugstore chains Matsumoto KiYoshi and Cocokara Fine are set to merge. New business entity Matsumoto KiYoshi began talks with Kanagawa-based Cocokara Fine on a deal last year. The two businesses are set to merge, creating a new business entity if approved by the boards of both sides. Deal to complete by October 2021 The transaction is expected to be completed by October nex...
23 January 2020
Latest developments include new brands, more specialists, and beauty hall roll-out Revamp rolls out to more locations In addition to the 29 stores which renovated their beauty halls in 2019, a further 60 stores will receive the new look this year. The design is more open plan, encouraging shoppers to interact with products, and gain inspiration from trend zones. New brands Huda Beauty wil...