Hong Kong - News & Analysis

Now that the Chinese New Year festivities are over, retailers and suppliers have started to shift their campaigns to clean and healthy eating.  The timing is appropriate as shoppers would usually look for guilt-free offerings after indulging with a lot of food over the holidays. Cold Storage Singapore: Eat Wholesome, Live Better Cold Storage has recognised that people are looking to make chan...

A.S. Watson has reported some trends that will shape the future of health and beauty, and other retail channels in 2021. Offline + online strategy as the new retail standard The pandemic has changed the shopping habits of customers, evolving their expectations and desires.  Like other retailers, A.S. Watson Group has witnessed a surge in online shopping in 2020, but it was able to adapt qui...

Foodpanda is one of Asia's fastest growing ondemand delivery providers, offering both meal solutions and grocery deliveries via its app. Using partnerships and its own darkstores to expand into grocery In 2020 we saw Foodpanda partner with more retailers in order to expand its grocery offer via its Pandamart service. However, Pandamart is also developing its own network of stores. The compa...

Last month, we outlined five global trends that will shape the convenience channel this year and beyond. While it is still early, we are already seeing new proof-points in support of our views. Acqusitions supporting physical expansion recovery Physical expansion in convenience retail is much more fluid compared to larger formats. While this has slowed since the pandemic, plans that were pl...

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...

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...

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 ...

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 ...

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...

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...