Hong Kong - News & Analysis

01 April 2019
A.S Watson will invest HKD1bn (US$128m) on digital innovation over the next ten years as it continues to step up transformation across the business to enhance the shopping experience. Staying ahead of competition A.S. Watson continues to invest in technology and ecommerce. By next year, the retailer will have spent approx. HKD1bn on digital and technology since 2012. Over the next ten years...
28 March 2019
Rossmann, the German drugstore part owned by A.S. Watson, will begin selling products in South Korea in May, with products shipped directly from Germany. Direct-to-market model Rossmann plans to make “full-scale inroads into the domestic health and beauty market” of South Korea. A direct-to-market business model will be adopted, rather than stocking goods in stores. It is not clear when Ros...
26 March 2019
A.S. Watson Group has opened its 15,000th store in Kuala Lumpur, Malaysia. 500th Watsons store in Malaysia The world's largest health and beauty retailer continues to rapidly expand its store network, opening a new store on average once every seven hours across Asia and Europe. Earlier today, the Group opened its 15,000th store globally. This also marked the 500th Watson store in Mala...
21 March 2019
The world's largest international health & beauty retailer has posted a strong set of annual results. Results summary - growth across all H&B divisions At the end of 2018, A.S. Watson’s retail division had 14,796 stores across 24 markets, a 6% increase compared to the previous year. Total sales for the Health and Beauty segment increased 10% to HKD138.9bn, with comparable stores growing 2.1...
20 March 2019
TVB's Big Big Shop has partnered Convenience Retail Asia to allow shoppers to collect online purchases at Circle K stores in Hong Kong. Offering shoppers greater convenience The partnership between TVB and Convenience Retail Asia (CRA) was signed earlier this week. Shoppers using Big Big Shop, launched in July last year, will be able to collect at Circle K stores. With a network of 337 stor...
14 March 2019
Hong Kong-based Convenience Retail Asia (CRA) has posted a solid set of annual results, with Group revenue increasing by 4.4% to HKD5,320m (US$677.7m). Revenue and profits up despite challenging trading conditions Increase in revenue was mainly attributed to a 2.9% growth in comparable-store sales for the convenience store business and sales at Zoff. Core operating profit grew 17.5% to HKD2...
12 March 2019
A.S. Watson and L'Oréal's AI and AR firm ModiFace have launched a virtual makeup service. Technology driving online and offline integration L'Oréal continues to work with A.S. Watson to develop better beauty experiences for shoppers. Last year, the two businesses launched ColorLab by Watsons . Now, they have launched a new technology that allows shoppers to discover and test makeup in...
28 February 2019
Dairy Farm has reported its 2018 annual results. Performance of its Health and Beauty segment was strong, but its Food business saw further decline. Annual sales up 4.1% Dairy Farm posted sales growth of 4.1% to US$11.7bn for the fiscal ending. Consolidated sales including joint ventures and associates increased 0.6% to US$21.9bn. During 2018, the retailer  sold its Giant hypermarket  sto...
14 February 2019
Japanese discount operator, Don Quijote (known as Donki) is launching its first stores in Thailand next week and in Hong Kong in July. A fun and vibrant banner... Don Quijote is well-known for its fun, ceiling-hanging merchandising, colourful and eclectic mix of products in-store, e.g. costumes, general merchandise, food and grocery, cosmetics and souvenirs. Donki's grand opening in Thai...
17 January 2019
A.S. Watson has provided details of how it has successfully used predictive modelling to help brands successful launch products in its stores. It has shared two examples, Maybelline and Jeffree Star Cosmetics. Working closely with brands A.S. Watson (ASW) has strengthened its long-term partnership with Maybelline in Watsons Thailand, while it has launched Jeffree Star Cosmetics exclusively ...