Hong Kong - News & Analysis

02 November 2022
On 31 October 2022, CR NG Fung, one of Hong Kong’s biggest food distributors and producers, formed a strategic alliance with JD.com. The alliance will lead to CR NG Fung opening its first online flagship store on JD.com’s platform to promote its food grocery products. Expanding sales networks Having opened its official online store on JD.com’s platform, CR NG Fung can easily promote its p...
08 August 2022
Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...
06 July 2022
A.S. Watson will invest an additional HK$900m (USD$11.5m) to drive its digital transformation and offer an easier and faster offline plus online (O+O) customer experience. Technology focus areas A.S. Watson will focus on boosting the resources in its in-house ‘eLab’ and ‘TECHLab’ digital solutions, artificial intelligence, big data, and retail technology. ‘eLab innovates O+O customer ...
05 July 2022
ParknShop continues to enhance its ecommerce infrastructure and inspire customers by expanding its new store concept in Hong Kong. Empowering capabilities of ecommerce To cope with the high-speed growth in ecommerce, A.S. Watson's subsidiary ParknShop supermarket plans to invest more than HKD 200mn (USD 25mn) for accelerating its digital transformation. In Q4 this year, it will have an ec...
16 May 2022
The sustainability initiative is piloted by A.S Watson at the Serpentine Green Shopping Centre Superdrug store in Peterborough, UK. This follows some of the efforts introduced in its Asian stores like the refillable stations and plastic recycling programs. New Greener Stores Global Framework The global framework for sustainable practises introduced by A.S Watson takes a holistic approach ...
28 January 2022
Like in all regions, COVID has impacted the food and consumer goods landscape in Asia, altering shopping habits, forcing retailers to rethink their strategies and accelerating trends. With omicron and the pandemic continuing to dominate headlines globally, what does this mean for the grocery industry across Asia in 2022? We have pulled out five trends that we believe will continue to evolve at pa...
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$...