Hong Kong - News & Analysis

05 June 2018
Watsons has opened a new concept store at the heart of the business district in Central, Hong Kong. Eat, drink, game, beautify Located at Cheung Kong Center, the recently opened CKC18 store integrates A.S. Watson's various formats into one space. The new store also runs lifestyle events to engage shoppers. CKC18 is divided into four sections, eat, drink, game and beautify: the international...
25 May 2018
UNY has agreed a deal to withdraw its operations in Hong Kong as part of the Group's restructure post-merger of FamilyMart and UNY. The deal In December last year, FamilyMart UNY alluded to the possibility of selling its operations in HK . This has stalled until a recent update by the retailer, which has confirmed a deal with Henderson Land Development Company Limited to purchase of all...
15 May 2018
Watsons Thailand has outlined its growth strategy for 2018. It will continue to invest in opening new stores and upgrading its digital proposition in existing stores. Online supporting offline expansion Watsons will continue to expand its physical store network in Thailand. It opened 50 stores in 2017 and will open another 50 in 2018 with the aim to end this year with around 515 stores.  ...
10 May 2018
After nearly seven decades, Li Ka-shing has formally stepped down as chairman of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. A remarkable career... The 89-year-old, who announced his retirement plans in March, will handover responsibilities to his eldest son, Victor Li. After a shareholders meeting, Li Ka-shing said, 'I think I’ve done the best of what I can [...] I feel very grat...
10 April 2018
Hong Kong-based Convenience Retail Asia (CRA) has seen robust growth in FY17, with its turnover increasing by 4.6% to HKD5,094m (US$648.9m). OK Stamp central to overall business strategy CRA ended 2017 with 332 Circle K stores in Hong Kong and an additional 109 franchised stores in mainland China and Macau. The retailer also owns 143 Saint Honore Cake Shops in Hong Kong, Macau, Guangzhou an...
22 March 2018
Strong growth in health & beauty globally helped lift A.S. Watson’s global revenues by 2% growth (in local currency) to HKD156.2 bn (US$19.9 bn) in newly released full year results, compensating for a weaker performance in other retail operations. Results summary Health and beauty revenue increased 5% to HKD126.3 bn (US$15.8 bn), driven by a 6% expansion in store numbers. 778 new stores hea...
15 March 2018
JD.com is pondering investment options in Hong Kong, with plans for unstaffed stores and other innovations. Innovations in HK The retailer has been investing heavily in partnerships , especially with brick-and-mortar retailers, to accelerate its offline presence and bolster its O2O strategy. Now, JD.com is planning to bring drone delivery services and unstaffed stores to Hong Kong. J...
12 March 2018
Dairy Farm has reported a disappointing set of annual results, mainly attributed to the performance of its supermarkets and hypermarkets in South-east Asia. Annual sales up a modest 1% YoY Sales was up 1% YoY to US$11.3bn while consolidated sales including joint ventures and associates increased 7% to US$21.8bn, reflecting strong sales growth of 17% to US$ 8.6bn at Yonghui. However, net pro...
06 March 2018
Circle K will introduce a cash withdrawal service, allowing elderly consumers to withdraw cash at selected stores in Hong Kong. How does it work? EPS Company (Hong Kong) is an association of 20 major banks in Hong Kong, and the market leader for electronic payments in the country. EasyCash for Senior Citizens allows the elderly to withdraw money at selected stores without the need to make a...
25 January 2018
7-Eleven in Hong Kong has launched a new coffee, tailored to on-the-go consumers desiring fresh coffee at reasonable prices. We review this latest initiative and potential impact on the market. No-frills coffee on the go Dairy Farm is introducing a new 100% Arabica coffee blend in its 7-Eleven Daily Cafe kiosks in Hong Kong. Stores will also have coffee machines from Switzerland, with coffe...