Hong Kong - News & Analysis

10 July 2017
A.S. Watson has announced that they will open 88 new stores in the UK via Superdrug, Savers and The Perfume Shop. Investment in UK despite uncertainty While sterling has fallen due to the Brexit uncertainty, and local currency HKD sliding against USD, A.S. Watson will continue to invest in the UK. The group said it would be opening 30 more Superdrug stores, 45 Savers outlets and 13 The Perf...
29 June 2017
The largest international health and beauty retailer, A.S. Watson Group, plans to open 1,400 stores across the world this year. Store expansion to improve overall profits Despite failing in a recent bid to acquire heath retailer Holland & Barrett, Watsons have moved swiftly to announce their latest expansion plans. Watsons aims to open 1,400 outlets globally this year, with 500 stores in Ch...
23 June 2017
Dairy Farm has appointed Ian McLeod, as its new CEO, replacing Graham Allan who is stepping down on August 31 after five years with the Group. New CEO from September 18th The new CEO will be in position from September 18th. Commenting on the change, Dairy Farm chairman Ben Keswick said Allan had pioneered initiatives that have focused on meeting customers’ needs and enhancing the capabiliti...
05 May 2017
Dairy Farm International has posted mixed results in Q1, with sales slightly lower than the same comparable period in 2016. Trading conditions steady... For the first quarter, Dairy Farm has reported increases in sales and operating profits for their divisions and associates; Health & Beauty, Home Furnishings, Maxim's and Yonghui associated. However, this was offset by weak sales in their ...
27 April 2017
Pret A Manger reports strong growth in 2016, with sales up 15%. Highlights include veggie innovation and an increase in non-core missions across day parts... Another year of growth for Pret Pret's financial results for 2016 mark the 12th year of revenue and earnings growth. Pret reports total sales of £776.2m, up 15% from 2015. Like-for-like sales were up 4.8% compared to 2015, and EBITDA u...
27 March 2017
A.S. Watson has reported a flat retail revenue of HKD151.5bn (US$19.5bn) and 2% decline in operating profit for FY2016 compared to last year. Results impacted by adverse currency exchange and HK performance After removing the effect of currency exchange, revenue and operating profit showed 3% gain year-on-year, offset by Hong Kong retail operations. Cost inflation and lower tourist arrivals...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
10 November 2016
Food: improvement in large format In its food division, sales in the hypermarket and supermarket operations showed some improvement for the period despite modest like-for-like sales growth being offset by some store closures. Slightly higher margins helped to produce an increased profit compared with the same period last year. In convenience, higher sales were seen in Hong Kong, Singapore a...
08 November 2016
M&S has announced a major shift in strategy that will see the retailer refocus on growing its food business faster, reduce its estate of clothing and home stores and close loss making operations in international markets. The changes follow the conclusion of a strategic review announced by new chief executive Steve Rowe in May. Sharp fall in half year profits M&S experienced a sharp fall in ...
01 November 2016
Japanese leading retailer Aeon has seen its revenue edge up 0.9% to JPY 4,112bn (US$39.2bn), for the six months ended 31 August, while its operating profit improves slightly by 0.1% to JPY72.4bn(US$0.69bn). Performances vary by format Aeon’s convenience store business records that its operating income has increased by 6.1% on operating revenues of JPY190.6bn (US$1.8bn), up 7% year on year f...