Hong Kong - News & Analysis

02 February 2021
Sa Sa International Holdings Limited has announced its unaudited sales for the quarter ending 31 December 2020, with sales down 36.4%. Year-on-year turnover remains negative, but indicates a slowing decline Although Sa Sa’s turnover this quarter continued to slide, the decline is now at a slower pace.  Its overall turnover this quarter increased by 34.8% when compared with the preceding qua...
02 February 2021
AEON Hong Kong has opened Mono Mono, its first lifestyle specialty store at Lohas Park.  Based on the concept of ‘green, happy living,’ this new store covering 12,000 sq ft sells products that satisfy shoppers’ quest to live a healthy and sustainable life.   New concept store has a collection of its own brands The store will meet Hong Kong residents’ desire to shop for Japanese products whi...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
07 January 2021
2021 marks the 180th anniversary of A.S. Watson Group. The retailer generates a revenue of over US$22 bn, from its 16,000+ stores in 33 markets. The group’s ecommerce business increased by 90% in the first half of 2020, and we expect it will continue to strengthen its online and offline platforms. A.S. Watson held a virtual cocktail event to kick-off its anniversary celebrations ...
05 November 2020
Convenience Retail Asia, a subsidiary of Li & Fung, has agreed to sell its Circle K convenience store business in Hong Kong to Canadian retailer Couche-Tard for HKD2,790m (US$360m). Significant change in Hong Kong CRA’s Circle K HK trades a network of Circle K-licensed convenience stores, with 340 company-operated sites in Hong Kong and 33 franchised sites in Macau. Circle K is the second l...
19 October 2020
7-Eleven in Hong Kong, operated by Dairy Farm, has added two vegan ready-to-eat meals at its stores. New options for shoppers The plant-based meals are produced by OmniEats, part of the  OmniFoods brand portfolio founded by David Yeung. Available to customers at 7-Eleven are two flavours, Spicy Thai Basil OmniPork Rice and Thai OmniPork Stir-Fried Noodles. Last week, the company’s newly la...
16 October 2020
7-Eleven and Marks & Spencer have partnered Deliveroo to offer customers on-demand grocery delivery in Hong Kong. Over 1,000 grocery products added to Deliveroo Shoppers in Hong Kong will shortly have access to 1,000 (c.200 from 7-Eleven and c.800 M&S) additional grocery products on Deliveroo. The service provider has over 7,000 riders in Hong Kong and can deliver items in as fast as 30 min...
29 September 2020
Aeon Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 6.7% increase in sales revenue to HKD5,158m (US$665.5m) for the six months ended June 30, 2020. Hong Kong revenue up 15.9% YoY Revenue from Hong Kong operations in the first half increased by 15.9% to HKD2,423m YoY. The Group expects to expedite the opening of Living Plaza branches in the third quar...
06 August 2020
The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June 2020. COVID-19 severely impacts H1 revenue A.S. Watson's retail division is split into five subdivisions, Healthy & Beauty Western Europe, Eastern Europe, China, Asia and Other Retail Total retail revenue fell -11% to HKD73.6bn (US$9.5bn) In local curr...
04 August 2020
Li & Fung, which trades convenience chain Circle K in Hong Kong, announced a strategic investment from JD.com to further develop its digital supply chain. The “supply chain of the future” Li & Fung has been working on creating the “supply chain of the future”, which is centred around speed, innovation, and digitalisation, and aims to help its customers navigate the digital economy. JD.co...