Hong Kong - News & Analysis

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...

The world's largest international health and beauty retailer, A.S. Watson, has posted its results for the first half ending 30 June. Strong H1 results A.S. Watson's retail division, which is split into five subdivisions, Healthy & Beauty Western Europe, China, Asia, Eastern Europe and Other Retail, ended the first half of 2018 with over 14,432 stores across 24 markets - a 7% increase compar...

Dairy Farm has reported a strong set of results for the six months ended 30 June, with consolidated sales up 6%. Overall performance encouraging Total sales, including associates and joint ventures, were up 17% to US$12.2bn. This was mainly driven by increased sales from Yonghui supermarket in China. Dairy Farm sales increased 8% to US$5.9bn or up 6% at constant rates of exchange, and under...

A.S. Watson has announced plans to open 1300 new stores this year, equalling a new store every seven hours. Plans to roll out a new store every seven hours A.S. Watson has announced plans to add 1300 new stores to its global portfolio, totalling to a new store every seven hours. A.S Watson currently operates 14,300 stores, across 24 different markets, under 12 different fascias. The r...

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...

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...

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.  ...

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...

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...

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...