Convenience Retail Asia news

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...
21 May 2020
In response to the Coronavirus (COVID-19) pandemic, convenience operators are implementing measures to ensure everyone has access to the food and consumer goods products they need. We will continue to update this article as the latest initiatives are announced. Latest from UK Co-op is rapidly accelerating its online expansion to more than double the number of stores planned. Find out mor...
10 March 2020
Despite challenging trading conditions, Hong Kong-based Convenience Retail Asia (CRA) has posted a robust set of annual results, with Group revenue increasing by 5.9% to HKD5,632m (US$724.8m). Revenue and profits up despite tough trading conditions Overall increase in revenue was mainly attributed to a 6.1% growth in comparable-store sales for the convenience store business (turnover increa...
19 February 2020
Foodpanda has launched its on-demand grocery delivery service, Pandamart, in Hong Kong. Committed to increasing partners and products Foodpanda began testing Pandamart last November. During testing, Pandamart was able to fulfil orders within 25 minutes. The service aims to maintain an average delivery time of 15 minutes. Foodpanda partners with 1,000 businesses and sells more than 14,000...
16 August 2019
Hong Kong-based Convenience Retail Asia (CRA) has posted a solid set of results for the first half ending 30 June, with Group revenue increasing by 5.0% YoY to HKD2,703m (US$344.7m). Circle K’s comparable store sales increase 4.4% again Circle K's comparable store sales increased 4.4% YoY – matching what it achieved this time last year. This contributed to total sales of HKD2,185m (US$278.6...
07 August 2019
Nanjing based Suning announced this week that it has taken over Guangzhou Circle K network from Hong Kong’s Fung Group. Acquisition of 61 stores Suning Xiaodian, the convenience store unit of the Chinese retail giant Suning, has acquired 61 Circle K outlets in Guangzhou from Fung Group for an undisclosed sum. Fung Group’s listed subsidiary, Convenience Retail Asia, continues to own and o...
04 April 2019
Shoppers can pick up their parcels from more than 300 Circle K stores at their own convenience with a new feature by DHL Express. On-demand delivery by DHL Express Shoppers are informed of their shipment’s progress through SMS or email on the day of delivery. They can then choose a variety of delivery options through a mobile-optimised website, including redirecting their delivery to a DHL ...
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...
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...