Hong Kong - News & Analysis

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...
18 September 2019
Alipay has launched Alipay Macau, opening up access for local residents to a new ewallet. Easy charge access Previously, Alipay allowed Macau users to register in Alipay using their Macau phone numbers, but were not able to charge their Alipay accounts. The new version of Alipay Macau allows users to link their account to a local bank (e.g. Tai Fung Bank), or charge Alipay in Royal Supermar...
05 September 2019
Sephora opens its new digital-first flagship store at the IFC Mall, Hong Kong. Leading with experience Sephora opens its new digital-first flagship store at the IFC Mall, Hong Kong. The new 4,200 sq.ft store offers a number of digital touch points, such as the Sephora Virtual Artist makeover app, enabling shoppers to experiment with new looks. These act as points of engagement with the s...
23 August 2019
AEON Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 2% fall in sales revenue to HKD4.8bn (US$614.6m) for the six months ended June 30, 2019. Investing in new stores and renovations The capital expenditure for the period was HKD81.6m (US$10.4m), mainly used to open new stores and shop renovations, as well as upgrade IT systems. Gross profit decreased ...
22 August 2019
A.S. Watson has shared insights on some of the key shopper preferences of Generation Z customers around the world. Bricks-and-mortar no.1 for Gen Z Generation Z (Gen Z) were born between 1995 and 2009. They are the first generation born into a digital world and are influential in driving many of the latest retail trends around the world. Despite spending a lot of screen time, ASW’s customer...
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...
01 August 2019
The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June 2019. Exchange rates impact H1 results A.S. Watson's retail division, which is split into five subdivisions, Healthy & Beauty Western Europe, Eastern Europe, China, Asia and Other Retail, ended the first half of 2019 with 15,213 stores across 25 markets - a 5% ...
01 August 2019
Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales increased 13% to US$13,781m, but subsidiary sales fell 3% to US$5,761m. Overall performance encouraging Dairy Farm’s overall performance is recovering. It recorded positive sales in four out five divisions and underlying profit for the first six months was up 5%. Strong performances from associates a...
12 July 2019
Japanese discount operator, Don Quijote (known as Donki) has opened its first store in Hong Kong today (12 July 2019). Targeting mainland Chinese tourists The new store is in the basement of Mira Place Two on Nathan Road, Tsim Sha TsuiMall. The location is convenient for mainland tourists travelling via the high-speed rail and mega bridge. Don Quijote carries an extensive range of cosmet...