Hong Kong - News & Analysis

16 May 2014
Thailand's Central Food Retail, operator of Tops supermarkets, plans to accelerate private label sales at home, as well as sell them overseas through third party retailers, both in Asia and beyond. Selling to retailers overseas The retailer has already sent samples of My Choice Thai snack products to potential retail partners in Singapore, with more to follow in Hong Kong and Dubai, t...
12 May 2014
AEON and its 263 consolidated subsidiaries saw a record increase in operating revenue, up 12.5% to JPY 6.4tn for the year ending 28 February 2014. Operating income declined 10.1% to JPY 171.4bn. Performance by division Supermarkets In 2013 operating revenue was up 4.9% and operating income down -9.6% Focus in the year ahead will be better equipping stores to win in the local area, ...
15 April 2014
In the competitive Hong Kong market, two leading grocery retailers promote brand credentials in their latest marketing campaigns. Wellcome emphasising heritage credentials As Wellcome celebrates its 68th anniversary, the retailer has launched a short film on TV and social media sites to emphasise the brand's long heritage in the Hong Kong market and build an emotional connection with shoppe...
27 March 2014
Hutchison Whampoa, parent company of A.S. Watson Limited, has announced the formation of a strategic alliance with Singaporean state investment company Temasek Holdings. Temasek to purchase 24.9% of A.S. Watson This investment is part of Temasek’s vigorous reshaping of its $170 billion portfolio. Commenting on this, Chia Ong Hwee, Head of the Temasek’s Investment Group said: “ The consum...
14 March 2014
Watsons launched its iWatsons shopping app in Hong Kong, expanding its business scope to ecommerce. Products sold through the app currently are mainly personal care and baby products. Special features of Watsons HK App include: iWatsons only products - products sold exclusively through iWatsons Professional health tips - pharmacists and dietitians sharing health tips DIY health te...
07 March 2014
The pan-Asian retailer reports sales and underlying profit growth of 8% in 2013, and investment is underway to secure growth for the future. Headline figures Sales including 100% of associates and joint ventures rose 8% to USD12.4bn Positive like-for-like sales across most major businesses Underlying profit grew 8% to USD480m However, if the the write-off of prior years' Mala...
28 February 2014
Group revenue rose by 8% to HK$149 bn, with like-for-like sales up 2.2%. Operating profit increased 14% to HK$11.8bn, and EDITDA was up 11% to HK$14.2bn. Strong growth in China and Eastern Europe Sales growth in China remained strong at 17% driven by 255 new Watsons store openings during 2013, an 18% rise on the previous year. Comparable store sales were modest compared with the rest of As...
06 February 2014
It has been reported that A S Watson, (parent company of Superdrug) is considering relocation of its headquarters from Hong Kong to London. Easier transition to qualify for shares listing Whilst no solid decision has been made, it’s been widely reported in Europe and Asia that the company is seeking a joint primary listing in Hong Kong and London. Under rules supervised by the UK Listing Author...
18 December 2013
The world's largest health and beauty retailer A S Watson is expected to be listed on both the Hong Kong and London stock exchanges, according to media reports. Banks hired in preparation Hutchison Whampoa, the Hong Kong based owner of A S Watson, has hired three  banks to manage the stock market listing which could also see a secondary listing on the London market. Whilst the listing in Lon...
01 November 2013
To celebrate the first anniversary of its mobile app, pan-Asian retailer AEON has chosen station locations to trial its virtual shopping walls in Hong Kong. Driving traffic online and in-store These are located in Causeway Bay, Admiralty, Tai Koo, Tsuen Wan and Tsim Sha Tsui MTR stations. Each virtual wall displays more than forty gourmet products for shoppers to scan with their smart...