Hong Kong - News & Analysis

09 March 2016
Asian retail giant Dairy Farm has revealed that sales were up 5% on a constant currency basis for the financial year ending December 2015, but the challenging operating environment across Asia resulted in a 17% fall in profit. Performance impacted by difficult regional conditions Despite sales improvement across all formats in constant currency, the group’s like-for-like sales remained ...
28 January 2016
HK based CEC International, 759 Store’s parent company, announced its half year revenue ending October 2015 rose 10.6% to HK$1,26bn, with gross profit up 17.6% year-on-year. Stunning growth amid unfavourable market condition The robust growth is mainly driven by the strong performance of 759 Store that accounts for over 90% of the group’s business. This is particularly impressive consi...
17 December 2015
AS Watson will celebrate its milestone anniversary with a year of planned activities. Schedule of events spans all AS Watson markets From a small store in 1841, AS Watson has grown into one of the largest multinational health and beauty retailers. The Group has planned 240 celebration activities throughout the year, across its 24 markets in Europe and Asia. Events include a prize draw that ...
05 November 2015
Pan-Asian retailer Dairy Farm has revealed that softer sales growth, combined with rising costs and unfavourable exchange rates, has resulted in weaker margins than expected for the third quarter of 2015. Challenging food performance in South East Asia Dairy Farm's food business has had mixed fortunes, with satisfactory results in north Asia, offset by difficult trading conditions in ...
16 October 2015
Aeon delivered record high operating revenues this half, rising by 18.7% to JPY4.1tn ($US34.4bn). Operating income grew by 28.8%. Revenues grew in all retail channels Aeon's supermarket and discounter stores achieved 28% growth in operating revenue to JPY1.6tn (US$13.1bn), with operating income increasing by 14.7%. These results follow improvements in the fresh and deli offering, an exten...
15 October 2015
Aeon has opened a new concept store in Hong Kong and re-commences its Thailand expansion by opening a new shopping mall. Japanese-led store in Hong Kong Aeon has invested HKD$30m (US$3.9m) on renovating its Tsuen Wan store in order to target the area's rising affluence. The new 170,000 sq ft (15,794 sq m) store that opened last week has adopted ranging and design elements from its Japan...
06 October 2015
At the Big Debate: Graham Allan, Group CEO of Dairy Farm, shared his perspectives on retailing, highlighting both the similarities and the differences between retailing in Asia and the UK. UK retail trends closely watched but differences remain Dairy Farm often looks to the UK to understand what future trends could impact its markets. Trends of interest include the emergence of discounters ...
28 September 2015
Despite sales growth in the first half, Hong Kong based Convenience Retail Asia is to sell the Circle K stores that it operates in Guangzhou, following falling profits. Stores to be sold to existing partner Convenience Retail Asia operates 122 Circle K stores outside of Hong Kong in southern China. Despite sales in these stores increasing 2.6% in the first half of the year, the operation...
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...