Hong Kong - News & Analysis

18 September 2014
A.S. Watson has invested in an ‘eLab’ to develop its ecommerce and digital capabilities, in keeping with the evolving health and beauty customer. eLab to develop capabilities in market A.S. Watson has invested HKD$60m (£37m) in an innovation ecommerce lab, with input from an 80-strong team of digital specialists from across its top four markets – Italy, UK, Hong Kong and China. The group...
28 August 2014
Fiona Power looks at how A.S. Watson caters for a range of customers in the UK health and beauty market and how it is targeting shoppers through its new dedicated store formats. Savers drives H&B discount sales Savers revealed sales up 15% to £247m for 2013 with a pre-tax profit of £9m in 2013 up from £7m in the previous year according to the accounts filed at Companies House. Its store cou...
01 August 2014
As it reports another mixed performance across its pan-Asian portfolio, Dairy Farm emphasises its investment in stores, infrastructure, supply chain, and people. Group results headlines Sales increased by 5% to US$6.3bn Like for like sales growth in most major markets All divisions reporting sales increase in H1 Underlying profit behind last year Tough challenges for food...
01 August 2014
Hutchison Whampoa Limited, owner of AS Watson Group, saw an increase in total revenue, for six months ending 30 June 2014, to HK$204.4bn (EUR19.7bn), up 3% from the same period last year.  Global health and beauty delivers solid performance Despite a challenging economic climate, total revenue for the health and beauty division grew by 11%, which was mainly attributed to comparable stor...
23 July 2014
As AEON invests for growth in Japan and overseas, first quarter results reveal 17.2% revenue growth to JPY 1.7tn, and a sharp decline in operating income, falling -35.3% to JPY 22.4bn. The Group outlines its ongoing priorities as it targets a seven trillion yen turnover for full year 2014. High investments and flat same store sales underlining results GMS, AEON's largest business division, ...
22 July 2014
Our team of analysts travel around the world, seeking out the latest in FMCG retail innovation. We have selected some of our favourites from the stores we visited in the first half of 2014. HyperCITY, Mumbai, India Selected by Nick Miles, Asia-Pacific Region Manager One of the most innovative modern trade retailers in India, HyperCITY is pushing the boundaries of format development. Pr...
17 July 2014
Superdrug announced a dip in turnover to £1.01bn in 2013 from £1.02bn in 2012, but continues to improve its offering by launching new dedicated formats. Slight fall in turnover due to drop in high-street footfall Superdrug saw a pre-tax profit of £29m in the year ending December 2013, up from a £4m loss in 2012, and gross margin increased to 40.1% from 39.2%. Superdrug said a reduced footfa...
19 June 2014
Leading Japanese retailer AEON is ramping up its investment in overseas expansion, whilst building scale in the discount format in its domestic market. Discount's growing appeal to Japanese shoppers AEON plans to triple the number of A Colle discount format stores in Tokyo by 2016. At present it operates around 90 stores under this banner: store numbers are set to be boosted to around 250...
12 June 2014
Kruidvat, AS Watson’s drugstore in Belgium and the Netherlands has launched its online store, while in Hong Kong, AS Watson has sold 50% of its travel business.  Kruidvat building online credentials AS Watson’s health and beauty store Kruidvat has launched its online health and beauty store with more than 10,000 items available. Customers who order by 9pm will get next day delivery, with...
20 May 2014
AS Watson owned PARKnSHOP is expanding its e-commerce offering by creating a mobile application for its customers. Numerous features to please all shopping tasks In 2011, PARKnSHOP launched a wine app which was very popular amongst customers. It was the success from this testing that the new supermarket app was created. The new app is bilingual and offers a wide range of features and f...