Hong Kong - News & Analysis

15 November 2021
Dairy Farm International has recently announced its results for the third quarter of the year, where its performance continues to be significantly affected by COVID-19. Its year-to-date results are still below the same period in 2020, when it has benefitted from panic buying and government support at the height of the pandemic. Shopper behaviour normalises, making it difficult to match sales su...
27 October 2021
Wellcome Fresh is launched to meet increased demand for fresh food. The new store is in Westwood, Kennedy Town, a residential area that is more relaxed and with more open spaces than most parts of Hong Kong. A brand new concept Source: DFI Wellcome Fresh is a 50,000 sq ft supermarket with 23 themed zones offering over 15,000 fresh food products sourced both locally and international...
07 October 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, has recently launched over 1,600 Sustainable Choices products in its physical stores as well as online.  It has collaborated with global supplier partners, including Beiersdorf, GlaxoSmithKline, Johnson & Johnson, Kao, L'Oréal, Procter & Gamble, Reckitt, Shiseido and Unilever for this initiative. Products from the Sustain...
06 September 2021
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...
24 August 2021
World Wide Fund for Nature (WWF) in Hong Kong has released its latest ‘Scorecard on Key Areas in Sustainable Seafood Procurement Policy.’  Based on this year’s update, A.S. Watson which operates the PARKnSHOP supermarket chain, tops the rankings among Hong Kong’s retailers based on their sustainability efforts with the seafood selection they are selling. Working with supermarkets for a sustain...
16 August 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, has recently launched its Foundation Finder to help customers identify the perfect foundation shade that suits their skin tone.  Growing the foundation market through technology Foundation Finder has been developed as part of A.S. Watson’s strategy to enhance the O+O (Offline plus Online) customer experience.  The reta...
11 August 2021
A.S. Watson Group, the retail division of CK Hutchison, has released its unaudited financial results for the first six months of the year ending 30 June 2021. Easing of lockdowns and reduction of store closures have driven growth Total revenue of the world’s largest international health and beauty retailer has grown by 12% due to the gradual easing of restrictive lockdowns around the world ...
02 August 2021
Dairy Farm International has reported that its sales dropped by 4% in the first half of the year to US$ 14bn.  As last year’s strong consumer buying patterns normalised, the Group’s underlying profit has decreased by 69%, from US$ 105m in the prior year to US$ 32m for the first six months of 2021. Difficult to match sales surge in 2020, as shopper behaviour normalises It has been a challeng...
24 July 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, is strengthening its sustainability commitment with a target to offset 2,250 tons of carbon dioxide (CO2) emissions. Customers can contribute by buying Watsons’ Sustainable Choice products Source: A.S. Watson Protecting the environment is a key priority of the A.S. Watson Group, and it has invested HKD 750m (US...
08 July 2021
7-Eeven has opened its 1,000 th and 3,000 th stores in Hong Kong and the Philippines, respectively.  Celebrating 1,000th store in Hong Kong 7-Eleven is celebrating the milestone by inviting customers to play its Instant Win Game. From 30 June to 13 July, customers spending HKD20 (US$2.6) or more can scan the QR code on the receipt and match up the icons in-store. Prizes include 7-Eleven H...