Hong Kong - News & Analysis

05 January 2018
A.S. Watson has launched a Technology Partnership Programme to build a network of strategic partners to accelerate its global digital transformation. Greater visibility to drive growth A.S. Watson's latest announcement will see their ‘Tech Partners’ receive visibility on the group’s growth strategy. This should help provide expert advice and services, and access to innovations developed by ...
02 January 2018
Marks and Spencer confirms the sale and franchise of its retail business in Hong Kong & Macau. Existing franchise partner Majid Al-Futtaim becomes the sole franchisee for M&S in these markets. The partners first announced their plans in August, and the deal completed at the end of December 2017. Focus on profitable growth through franchising The announcement is in line with M&S's internatio...
06 December 2017
FamilyMart UNY may sell its operations in Hong Kong for reportedly US$100 mn (HK$781 mn). Post-merger strategy different between formats Since the merger of FamilyMart and UNY in September 2016, FamilyMart has moved quickly to convert Circle K and Sunkus convenience stores in Japan. The company is still on track to complete full integration by August 31st 2018. Raising average daily sales p...
15 November 2017
The retailer has reported improvement in Health and Beauty, Home Furnishings, Restaurants and Yonghui, however, the food division saw lower sales in the quarter. Performance of key business units The hypermarket and supermarket operations in Southeast Asia are still going through difficulties in trading, while the results from Greater China showed improvement over the same period last year....
07 August 2017
A.S. Watson has reported a flat revenue of HKD73.6bn (US$9.4bn) and 2% decline in operating profit to HKD5.2bn (US$664mn) for its fiscal first half compared to last year. Results impacted by currency fluctuations A.S. Watson's revenue has remained flat in the six months to 30th June, with results impacted by adverse foreign-currency exchange similar to results posted for FY2016. In local cu...
04 August 2017
Dairy Farm has reported solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets. Supermarket and hypermarket sales declined 3 per cent Total sales, including associates and joint ventures, were 3 per cent higher at US$10.4bn. The underlying net profit was US$211m , up 6 per cent. Supermarket and hypermarket sales declined 3 per cent at constant exch...
10 July 2017
A.S. Watson has announced that they will open 88 new stores in the UK via Superdrug, Savers and The Perfume Shop. Investment in UK despite uncertainty While sterling has fallen due to the Brexit uncertainty, and local currency HKD sliding against USD, A.S. Watson will continue to invest in the UK. The group said it would be opening 30 more Superdrug stores, 45 Savers outlets and 13 The Perf...
29 June 2017
The largest international health and beauty retailer, A.S. Watson Group, plans to open 1,400 stores across the world this year. Store expansion to improve overall profits Despite failing in a recent bid to acquire heath retailer Holland & Barrett, Watsons have moved swiftly to announce their latest expansion plans. Watsons aims to open 1,400 outlets globally this year, with 500 stores in Ch...
23 June 2017
Dairy Farm has appointed Ian McLeod, as its new CEO, replacing Graham Allan who is stepping down on August 31 after five years with the Group. New CEO from September 18th The new CEO will be in position from September 18th. Commenting on the change, Dairy Farm chairman Ben Keswick said Allan had pioneered initiatives that have focused on meeting customers’ needs and enhancing the capabiliti...
05 May 2017
Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016. Trading conditions steady... For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their ...