Hong Kong - News & Analysis

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 ...
19 March 2015
In an exclusive interview just before the ECR Asia Pacific Conference, IGD has been speaking to GS1 HK's Anna Lin to understand her view on the Asia retail market and the Conference. Ms. Anna LIN, J.P. Chief Executive, GS1 Hong Kong Ms Anna Lin joined GS1 Hong Kong in 1989. As the Chief Executive of GS1 Hong Kong, Ms Lin is responsible for the overall management and development of th...
02 March 2015
M&S' latest international plans show how the retailer has a clear growth strategy for its priority markets of China, Hong Kong and Macau. China: modernisation and new key cities M&S will be closing five of its stores in the greater Shanghai region by August 2015, instead focusing on its flagship store on West Nanjing Road which is set to be completely modernised this autumn. The update ...