Pan Pacific International Holdings, the owner of variety discount chains Don Quijote and Don Don Donki, saw revenue grow by 5.8% to JPY1,937 bn (US$13.3bn) in the financial year ending 30 June 2023. It also hit a record operating profit, which exceeded the JPY100 bn mark for the first time ever, at JPY105.3 bn (US$0.72 bn) Domestic discount channel boosted by pandemic reopening Its domestic...

With the goal of creating a greener future, Watsons partnered with Kenvue, L’Oréal and P&G to drive sustainability initiatives in Asia through the collective effort of combining Watsons’s expertise and supplier partners. Sustainability as the top priority Malina Ngai, CEO of A.S. Watson (Asia & Europe), said: “At Watsons, sustainability is at the heart of our business, and we recognise ...

For a second successive quarter, Costco’s performance was impacted by softer sales in big ticket non-food discretionary items. This was partly due to cautious shopping in the ongoing inflationary environment, but also due to tough comparatives where these products performed better than usual in the last two years. Here we look at those results in more detail and highlight five key takeouts. Co...