Hong Kong - News & Analysis

10 March 2020
A.S. Watson has opened a Watsons Play Glam concept store at Tuen Mun Town Plaza, Hong Kong. Digitising in-store and increasing shopper interaction The grand opening of Watsons Play Glam was on 20 th January. It operates approx. 418 sq m / 4,500 sq ft, carrying more than 15,000 products from 7,100 health and beauty brands. The store has various customer interactive experience zones, a stron...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...
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...
12 February 2020
Sa Sa International has reported a 76.9% decline in Hong Kong and Macau sales during Lunar New Year. Sales, volume and footfall plummeting As a result of poor local sentiment, Sa Sa has closed 21 stores and will “substantially strengthen control measures” in order to reduce losses. Its executive directors have taken a 75% salary reduction for three months. Sa Sa’s retail sales in Hong ...
12 February 2020
Yahoo! Hong Kong is exiting its ecommerce operations, including Yahoo! Auctions, Yahoo! Store and Yahoo! Group Buy. Operations to close on 31 st May Yahoo! Hong Kong said the decision reflected a “strategic directional change ” citing “fierce competition”. The peer-to-peer marketplace Yahoo! Auction has been operating for more than 20 years in Hong Kong. Yahoo! Hong Kong will suspend bu...
13 January 2020
The Fenix Group may sell its majority stake in City Super Group. Potential ownership change According to Bloomberg, Fenix’s stake in City Super could be worth between US$300m and US$400m. It may decide, however, to retain some ownership of the business. More about City Super Group City Super Group was established in 1996. It operates in Hong Kong, Shanghai and Taiwan. The business is ...
02 January 2020
Hong Kong food and snacks retailer, Best Mart 360, has opened its first store in Macau. Launched on 17 th December 2019 Best Mart 360 was established in 2013. Chairman and co-founder Lin Tsz Fung said the expansion into Macau (17 th December 2019) was planned many years ago. In an interview with South China Morning Post, he said, “We hope to diversify our markets to Macau and Mainland Ch...
08 November 2019
Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year. Steady third quarter overall, but weak consumer sentiment in Hong Kong Dairy Farm said it performed "steadily" in the third quarter, with overall earnings in line with the comparable period the prior year. Performance across all channels, however, was impacted by difficult m...
24 October 2019
A.S. Watson has announced the appointment of Malina Ngai as the new CEO of A.S. Watson (Asia & Europe). She will hold the role in addition to her existing post as Group COO. Building on existing responsibilities Dominic Lai, A.S. Watson’s Group MD, said, “ Malina has been instrumental in formulating the group’s customer strategy, driving digital transformation, business analytics as well ...
24 October 2019
IKEA plans to open its first store in Macau in the first quarter of 2020. First store located in Taipa The new IKEA store will be located in Taipa, an island south of Macau Peninsular and joined to Coloane by the Cotai Strip. It will operate 8,361 sq m / 90,000 sq ft and offer a wider range of home-furnishing products. The store will also feature several showrooms, an IKEA cafe and a Swedis...