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Hong Kong - News & Analysis

07 November 2023
Seven interesting formats of 7-Eleven around the world 7-Eleven is the world’s largest convenience retail banner in terms of revenue and stores, with a global presence across more than 20 markets. Catering to local needs While 7-Eleven is well known for its food-to-go and beverage range, its global presence means it and its global franchisees may sometimes flex its format to meet local n...
23 October 2023
Roundup of the recent strategic initiatives and promotions for Singles’ Day led by China’s leading ecommerce giants. Ecommerce rivals compete for Singles’ Day success This year’s Singles’ Day Shopping Festival (also referred as 11.11 or Double 11) unfolds amidst global economic uncertainty, with shoppers seeking value-for-money products. High-income shoppers still value brands and new produ...
30 August 2023
Big C, operated by Berli Jucker, planned to raise as much as $1 billion in the IPO as early as the fourth quarter of this year. Uncertain economic conditions The delay came one week after the retailer announced its acquisition of local chain Abouthai. It was planning to list in both Hong Kong and Thailand by the end of this year. However, the unfavourable capital market with international f...
24 August 2023
Big C in Thailand has acquired AbouThai, a grocery chain with 24 stores in Hong Kong, and will rebrand them as Big C. It is seeking a dual listing in Hong Kong and Thailand by the end of this year. Big C’s first stop outside Southeast Asia Big C Retail Corp, operates about 2,000 retail stores under the Big C Supercenter, Big C Market, Big C Foodplace and Mini Big C banners in Thailand, Laos...
22 August 2023
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...
01 August 2023
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 ...
28 July 2023
DFI Retail Group has reported its 2023 first half results, showing a slight decline in Group revenue of 4% to US$13,488 million compared to the same period last year, primarily due to reduced sales at Yonghui. However, the underlying profit has shown signs of recovery, reaching US$33 million this year. H1 segment sales results Grocery retail: decreased from US$9,824m to US$8,433.4m Conveni...
07 July 2023
7-Eleven Hong Kong, operated by DFI Retail Group, has several exciting developments recently. This includes the use of AI (artificial intelligence) in its latest campaign video and an unexpected collaboration with a socks brand. Here is a summary: AI enhances video background Source: 7-Eleven Hong Kong/DFI Titled ‘Explore the Foodie-verse. Anytime Anywhere’, the campaign vide...
03 May 2023
The Lagardère Travel Retail has opened the first autonomous store Travelwell in Hong Kong International Airport at the entrance of Sky bridge, near Gate 24. The first autonomous convenience store in Hong Kong has launched at the Hong Kong International Airport. With around 88 sqm space, the unmanned store has a range of products from packaged food, drinks to souvenirs and travel essentials. ...
28 April 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. From Europe REWE is the latest German retailer to partner with European crowd-shipping market leader Shopopop Aldi Sud’s ‘best from the region’ private label concept is growing, with it seeking to benefit from the popular German asparagus season Drugstore retailer Rossmann expands its ...