Hong Kong - News & Analysis

15 September 2015
IGD Chief Executive Joanne Denney-Finch is speaking at the Asia Pacific Retailers Convention & Exhibition (APRCE) in October. Ahead of the event, she shared her perspectives on the industry with the event organisers, as below: APRCE: What are the key trends in food retail? JDF: Shopper behaviour is evolving faster than ever before. Empowered by technology and information t...
13 August 2015
Global health and beauty leader opens new flagship store and plans to invest HK$620m (US$80m) in its Hong Kong stores. Retailer will open or renovate over 80 stores this year As part of this investment, A.S. Watson plans to open or renovate more than 80 stores in Hong Kong this year. Victor Li Tzar-kuoi, deputy chairman of CK Hutchinson commented, " CK Hutchinson will continue to invest i...
30 July 2015
Sales for continuing business reached US$6.6bn in the first half of the year, an increase of 3%, or 7% at constant exchange rates. Underlying net profit declined 14% to US$193m. Solid sales, feeling pressure on profit Dairy Farm delivered solid sales growth in the period, reporting like-for-like growth in most of its major markets. In this period Dairy Farm also acquired a 19.99% stake...
13 April 2015
Pan Asian retailer AEON's full year 2014 results reflect a difficult trading year in the Japanese market: while operating revenue grew 10.7% to JPY 7tn, operating income declined sharply by -17.5% to JPY 141.3bn. Core domestic operations fared poorly amid challenging conditions Japan accounts for 92.2% of AEON's operating revenue, and 91.5% of its operating income. Performance highlig...
30 March 2015
We update on three new digital loyalty strategies from 7-Eleven in Mexico, Hong Kong and Canada. Mexico: virtual currency in return for digital interaction In return for accessing the retailer's "Social 7" website and mobile app, customers of 7-Eleven Mexico will now be rewarded with Big Coins, a new virtual currency. Additional currency can be earned for visiting the site, sharing a...
26 March 2015
Dairy Farm has acquired a supermarket chain in Macau that will open up a new channel for growth in the territory. New channel to grow sales in Macau The retailer has acquired the San Miu Supermarket chain of 15 stores that have an average gross area of 880 sq m (9,500 sq ft). Dairy Farm currently trades in Macau via its 7-Eleven convenience operations and Mannings drugstore chain, so the ne...
25 March 2015
With the theme ‘ Collaborating for a better future ’, The 14th Efficient Consumer Response (ECR) Asia Pacific Conference has brought the elites from the retail and consumer goods industry together. We have summarised the highlights of the second day at the conference. Fulfillment is key to successful eCommerce Fast growing eCommerce is transforming the supply chain. To win in the eCommerce ...
24 March 2015
With the theme ‘ Collaborating for a better future ’, The 14th Efficient Consumer Response (ECR) Asia Pacific Conference has brought the elites from the retail and consumer goods industry together. We have summarised four key takeaways from the first day of the conference. Collaboration between retailers and manufacturers is a key success factor Collaboration between retailers and manufact...
20 March 2015
China Resources Enterprise (CRE) announces full year retail sales growth of 15.1% to HK$109.5bn, whilst reporting a loss of HK$1.4bn down -285% on the previous year. Tesco JV and tough trading environment hit hard on profit The main challenge for CRE in the last year have been two-fold: firstly, slowing economic growth in the Chinese market, which has effected both CRE and its key competito...
20 March 2015
In an exclusive interview just before the ECR Asia Pacific Conference, IGD has been speaking to Alex von Behr, Unilever’s Chief Customer Officer to understand his view on the industry and catch a sneak peak of his speech at the conference. Mr. Alex von BEHR Global Chief Customer Officer - Unilever As Unilever’s Global Chief Customer Officer, Alex leads a cross-functional team based ...