Hong Kong - News & Analysis

15 April 2013
What conditions make Asian markets so receptive to the online/offline model? Looking at how this trend has progressed, we focus on some key examples to sketch the shape that online/offline developments might take in the future. QR code walls – media stunt or innovative solution for busy shoppers? In 2011 Tesco launched the world’s first virtual store – a QR code shopping wall in a subw...
21 March 2013
China Resources Enterprise (CRE) has reported consolidated group sales growth of 14.6% for 2012, with retail division turnover up 19.1%.  Growth at retail division, food division sales down In the retail division, same store sales growth was up 4.1% year-on-year, driven by rising prices of consumer goods, new store openings and a contribution from the acquired Jiangxi Honkelong Department ...
11 March 2013
Dairy Farm reported sales of USD 9.8bn for full year 2012, an increase of 7% year-on-year, with mixed fortunes across its operating markets. Overview of performance in 2012 Dairy Farm's overall performance was positive in an increasingly challenging trading landscape. Decline in underlying profit was attributed to accounting errors in its Malaysian operations - adjusted figures showed an...
31 January 2013
CP All, operator of 7-11 in Thailand, will apply for a license to open stores in China, ahead of market entry in Myanmar, Laos, Cambodia and Vietnam. Whilst helping Seven & I maintain its dominant position in the convenience format, the move will intensify competition in key Asian markets and present new opportunities for suppliers.  Asia's position in Seven & I's global strategy In line wit...