Hong Kong - News & Analysis

11 January 2019
Health and beauty retailer, A.S. Watson, will open its first store in Vietnam on 17 January 2019. Store to be opened in Ho Chi Minh The store will be located in Bitexco Financial Tower in District 1, Ho Chi Minh City. It is the tallest building in the city. The area is well visited by tourists due to its magnificent views on the Sky Deck. It is also known for its luxurious offices. More ...
14 November 2018
Dairy Farm has reported mixed results for Q3, pulled down by challenges in the food division. Strong growth in health and beauty The retailer reported strong sales and profit gains in Hong Kong and Macau. The retailer also saw improvement in its Southeast Asian businesses, especially in Malaysia and Indonesia. Food business profits decline Both sales and profits were down in several m...
01 November 2018
A.S. Watson continues to digitally transform its business around the world. Its latest initiatives are to launch a Watsons Mini Store in China and Watsons Pay in Taiwan. Watsons Mini Store to support O2O In China, Watsons has also launched Watsons Mini Store, a WeChat Mini Program that enables shoppers to share in-store experiences via social media and create a more seamless online and offl...
18 October 2018
CK Hutchison's retail division A.S. Watson and telecom subsidiary 3 have partnered China’s Meitu to launch a new platform that integrates social media and retail. Partnership to enhance shopper experience The new platform will combine beauty with social media, with the companies drawing on their expertise in retail, telecom and AI technology to provide shoppers a better online and offline s...
24 September 2018
AS Watson is rolling out a new global VIP loyalty program to further connect with its customers around the world. VIP loyalty program A.S. Watson plans to make its new VIP loyalty program available across the 24 markets it operates by early next year. The retailer has approx. 130 million members worldwide, but the new program will be invitation-only to reward top customers. Personalised ...
22 August 2018
AEON Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 6.7% increase in sales revenue to HKD4.9bn (US$628m) for the first half. Record sales, but profitability remains a challenge AEON Stores Hong Kong's sales revenue reached a record high for the first half ending 30 June, but high operating costs continued to impact profitability. The Group's profit b...
17 August 2018
Circle K in Hong Kong, operated by Convenience Retail Asia (CRA), has posted an impressive set of results for the first six month ending 30 June. This was mainly driven by continued focus on digital and creative marketing strategies. Comparable store sales increase of 4.4% CRA ended the first half with 332 Circle K stores in Hong Kong, one additional store compared to the same period last y...
02 August 2018
The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June. Strong H1 results A.S. Watson's retail division, which is split into five subdivisions, Healthy & Beauty Western Europe, China, Asia, Eastern Europe and Other Retail, ended the first half of 2018 with over 14,432 stores across 24 markets - a 7% increase compar...
27 July 2018
Dairy Farm has reported a strong set of results for the six months ended 30 June, with consolidated sales up 6%. Overall performance encouraging Total sales, including associates and joint ventures, were up 17% to US$12.2bn. This was mainly driven by increased sales from Yonghui supermarket in China. Dairy Farm sales increased 8% to US$5.9bn or up 6% at constant rates of exchange, and under...
06 June 2018
A.S. Watson has announced plans to open 1300 new stores this year, equalling a new store every seven hours. Plans to roll out a new store every seven hours A.S. Watson has announced plans to add 1300 new stores to its global portfolio, totalling to a new store every seven hours. A.S Watson currently operates 14,300 stores, across 24 different markets, under 12 different fascias. The r...