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151016 CB China Power of Retailing 2015 CN.Docx
China Power of Retailing 2015 China Power of Retailing 2015 1 Foreword 2015 has witnessed the recovery of a global economy and the gradual stabilization of a real economy in China. While the Eurozone economy continues to improve, the differentiation among its economies remains noticeable. “Abeconomics” throws Japan into deep recession. The United States of America, as the only exception, enters the trajectory of a strong recovery and the US dollar has appreciated sharply against other major world currencies. Its well-anticipated rise in interest rate in the fourth quarter forebodes an accelerated devaluation of currencies in most emerging economies. As a result, the pressure on devaluating RMB is mounting. With a slowed growth rate, the Chinese economy has arrived at the stage of new normal. The YoY growth for the first half of the year lingers around 7%, hindered by the deceleration of the three engines that used to propel GDP growth – a sluggish export, a slow growth in investment and a domestic consumption that continues to fall behind expectation. Although the growth rate of the total retail of consumer goods has dropped, it has far outpaced the domestic industrial growth. With the consumer confidence seeing constant improvement that will further free up consumption potential, consumption is expected to continue pulling the economy in the future. A continued fall in oil prices has offset the inflationary pressure, curbing the inflation at a lower level to make room for executing a lax monetary policy. To further boost investment and consumption, and reduce enterprise financing costs, the government has gradually redirected its macro economy from “stabilize growth and adjust structure” to “ensure growth,” making the lowering of interest rate and reserve ratio possible in the second half of the year. -
RSCI Pioneered the Hypermarket Concept in the Philippines Through Shopwise
Rustan Supercenters, Inc. (RSCI), a member of the Rustan Group of Companies, was founded in 1998 at the height of the Asian Economic Crisis. It was the first Rustan Company to take in outside investors. It was also the Rustan Group’s first major foray into the discount retailing segment through an adapted European style hypermarket. RSCI pioneered the hypermarket concept in the Philippines through Shopwise. Armed with the vision of providing Quality for All, the Company sought to make the renowned Rustan’s quality accessible to all, especially the middle and working class. Its mission is to create a chain of supercenters or hypermarkets which is the needs of the Filipino family. Rustan’s decision to diversify into hypermarkets was borne out of manifest opportunities brought about by fundamental changes that are taking place in the Philippine market: a burgeoning middle class; increasing value consciousness across various income levels; and new geographical market opportunities that are best served through discount retailing operations. RSCI developed and opened the first hypermarket in the country in November 29, 1998 in Alabang. From 40 employees, it now employs more than 6,000 employees The Company has attained much success since its inception. From 40 employees, it now employs more than 6,000 employees. From sales of zero, the Company registered sales of over P17B in fiscal year 2012-2013. From one hypermarket in Filinvest Alabang, it has now grown to 46 stores covering multiple retail formats, namely, hypermarkets, upscale supermarkets, and neighborhood grocery stores. November 2006 marked yet another milestone for RSCI when it has acquired the 21 Rustan’s stores and food services operations under an Asset Lease Agreement. -
RISKS of SOURCING SEAFOOD in HONG KONG SUPERMARKETS 2019 Every Retailer in the City Must Take a Lead to Help Transform Hong Kong Into Asia’S Most Sustainable City
RISKS OF SOURCING SEAFOOD IN HONG KONG SUPERMARKETS 2019 Every retailer in the city must take a lead to help transform Hong Kong into Asia’s most sustainable city The United Nations’ recent global assessment on biodiversity and ecosystem services sounded a warning that around one million species already face extinction, many within decades, unless action is taken to reduce the intensity of drivers of biodiversity loss. More than a third of all marine mammals are currently threatened. Without proper management of fishing practices and transparent seafood supply chains, there will be degradation of natural habitats and a drop in food security levels in seafood. Ultimately, it will affect the profitability of all businesses that rely on seafood. Hong Kong is the second largest per capita consumer of seafood in Asia. We import over 90% of our seafood from over 170 countries and territories around the world. Our seafood choices affect marine fisheries resources worldwide. As Hong Kong supermarkets play an increasingly important role in supplying seafood to consumers, they can also be crucial in making sustainable seafood more publicly accessible. In October 2016, WWF-Hong Kong published the first report detailing how local supermarket giants were selling globally threatened species and seafood products associated with environmental, social and legal problems. By documenting their existing practices and educating supermarkets about the impacts of their seafood sales on marine resources and our oceans, we sought to raise public awareness and collectively encourage them to set up a comprehensive sustainable seafood procurement policy. There are 29 chain supermarket brands in Hong Kong owned by a total of nine groups or companies comprising over 70% market share in the city’s food retail sector. -
For Immediate Release
Press Release For Immediate Release China Resources Enterprise, Limited Announced 2002 Interim Results Restructuring Efforts Start to Pay Off (Hong Kong, September 4, 2002) China Resources Enterprise, Limited (SEHK Code: 0291), together with its subsidiaries (collectively “The Group”), announced its interim results for the six months ended June 30, 2002 today and reported an unaudited consolidated turnover and profit attributable to shareholders of HK$12,933 million and HK$720 million respectively, representing a 7.2% increase and an 8.6% decrease over the same period of last year. Excluding the profit of HK$59.1 million from the disposal of a 25.5% stake in China Resources (Shenyang) Sanyo Compressor Co., Ltd. in the first half of 2001, profit attributable to shareholders for the six months ended June 30, 2002 declined slightly by just 1.2% over the same period of last year. Earnings per share, based on a weighted average number of shares, was HK$0.35 compared with HK$0.39 for the first half of 2001. The Board has declared an interim dividend for the year ending December 31, 2002 of HK 9 cents per share which will be payable on or about November 1, 2002. Mr. Frank Ning, the Chairman of China Resources Enterprise, Limited said, “The Group’s strenuous efforts in restructuring its distribution businesses into a more refined and focused ‘retail-led distribution’ direction are gradually paid off. This is evident from the earnings stability in the first half of 2002 in the absence of any significant property development and banking profits. We are confident that our retail-led distribution model will drive future growth and thus earnings of the Group will be more recurrent.” Among the different business divisions, earnings of the Group’s Petroleum and Chemical operation doubled due to higher wholesaling margin of petroleum, turnaround of chemicals distribution business as well as continued growth of the local retail business. -
2020-Your-Choice.Pdf
Red Hot Rewards of Your Choice With the year-round “Red Hot Rewards of Your Choice” Up to programme, you can allocate your extra RewardCash among the RewardCash rebate, 6 spending categories to earn rewards faster! 2.4% year-round Red Hot Rewards of Your Choice From 1 January 2020 to 31 December 2020, the 1-year1 programme let you earn up to 6X RewardCash2 (which is equivalent to 2.4% RewardCash rebate) at a wide range of merchants all year round. You can allocate your extra 5X RewardCash among the 6 spending categories3 of Dining, Entertainment, Home, Lifestyle, Mainland China and Macau Spending and Overseas Spending according to your spending habits. You can enjoy the extra RewardCash for your first HK$100,000 eligible spending, so that you can earn rewards even faster. Three simple steps to start earning extra RewardCash Call hotline 8228 3308 or Visit www.hsbc.com.hk/rewards to register Allocate extra 5X RewardCash to your preferred spending categories Dining Spending at dining outlets in Hong Kong4 Entertainment4 Selected merchants: AMC Pacific Place, Broadway Circuit, CGV Cinemas, Festival Grand Cinema, Golden Harvest Cinemas, Grand Windsor Cinema, MCL Cinemas, STAR Cinema, the sky, UA Cinemas, CEO, Neway and RedMR Home4 Selected merchants: 759 Store, BROADWAY, HKTVmall, Mannings, PARKnSHOP and Wellcome Supermarket Lifestyle4 Selected merchants: AEON, agnès b, APiTA, GigaSports, GU, SOGO and UNIQLO Mainland China and Spending in Mainland China and Macau4 Macau Spending5 Overseas Spending5 Overseas spending4 Spend with your HSBC credit card and earn up to 2.4% RewardCash rebate all year round! Y9-U1-CAMH0206/FOD/E How to earn up to 2.4% RewardCash rebate Lifestyle Department Stores AEON, AEON STYLE, AEON SUPERMARKET, AEONBODY, APiTA, Bento Express by Simply allocate your extra 5X RewardCash multiplier to a single frequently used spending category in the “Red AEON, Chinese Arts & Crafts, Citistore, La Bohéme Bakery, Living PLAZA by AEON, Hot Rewards of Your Choice” programme. -
Wellcome VS Parknshop
Wellcome VS Parknshop MARKET CHALLENGER & MARKET LEADER Parknshop Parknshop has 284 store in Hong Kong As of June 2016, the entire A.S. Watson Group (Parent company of Parknshop), has a total number of 284 supermarkets in Hong Kong. WELLCOME Wellcome has 281 stores in Hong Kong As of March 2014, Dairy Farm Intl Holdings Ltd has 281 stores under the label Wellcome, and 26 stores under the label Market Place by Jasons. Holding a total number of 307 supermarkets in Hong Kong. Comparison between Wellcome & parknshop Market leader Market challenger Wellcome Parknshop According to a market research According to a market firm EuroMonitor estimates , research firm EuroMonitor estimat Wellcome has 39.8% market share es , Parknshop has 33.1% market in 2012 . share in 2012 . As a market leader, what did wellcome do? Expand total market : Introduce new products~Pre-packaged Rice In 1973, Wellcome launched the first pre-packaged rice, breaking the tradition of bulk rice sales, to provide customers with convenient health choices. Increase market share :More discounts Being the first supermarket in Hong Kong to participate in the Octopus Rewards program, wellcome allow customers to earn "Reward $" regardless of payment method while shopping, and make the next cash purchase. As a market challenger, what did parknshop do ? Attack : Create a strong brand name PARKnSHOP sells products under generic brands, both what it calls "private label" and "Best Buy"branding. Attack :adopt a new look & image In October 2007, PARKnSHOP renovated and spined off its Paradise Mall store, some of which will be split into the new brand Living Ideas, offering a wide range of household items including sheets, towels, kitchenware, toys, and Xbox 360 game consoles etc . -
The Marketing Mix of 759 Store
AILIE TANG W. H. LO DEFYING HIGH BARRIERS TO ENTRY: THE MARKETING MIX OF 759 STORE “759” was a legend in Hong Kong. Before its 2010 inception, the city’s snacks and confectionery market had high barriers to entry. Suppliers were highly dependent on two supermarket chains as their major, and in some instances, the only retailers. Back then, the three-digit number “759” carried no special meaning for anyone in the city, except those involved in CEC International Holdings Limited (“CEC”), and only because the number was its code on the Hong Kong Stock Exchange.1 By 2015, 759 was a synonym of Hong Kong snack shops / grocery stores. In less than five years, the retail operation expanded from a small tuck shop selling a limited collection of snacks in a local shopping mall to a retail chain of around 250 outlets offering a huge selection of over 30,000 products. 759 had also diversified from shops of a few hundred square feet mainly selling snacks, to an umbrella brand that covered chains of shops and bistros with an average outlet area approaching two thousand square feet. All this showed that 759 had got its marketing mix right. So what was the company’s positioning? What was the product mix and how was it planned and executed? What was its placement strategy? What unique pricing strategy had 759 adopted? Did the company have a people strategy? How did the company build its brand, and what promotion and packaging directions did it take? How did all these “marketing Ps” sync? Snack & Grocery Markets in Hong Kong Before 759 Hong Kong had two key supermarket chains, the Park’nshop and Wellcome Supermarket. -
Stores in Hong Kong
Stores in Hong Kong Hong Kong, HKSAR, 2020 TASTING SPAIN STORES 193 Stores Contact: 193間分店 39609300 https://www.facebook.com/759StoreHK/759StoreHK [email protected] www.759store.com/ https://bit.ly/2DYAGZ3 Shop 1090, 1/F Elements, Kowloon Station Contact: Hong Kong 21968066 / 25390455 香港九龍站圓方地下1090號舖 Shop 203, 2/F Stanley Plaza, Ma Hang Estate, https://www.facebook.com/3hreesixtyhk/3hreesixtyhk 23 and 33 Carmel Road, Stanley, Hong Kong www.3hreesixtyhk.com 香港香港島赤柱赤柱廣場2樓201-203號 https://bit.ly/30SVRoh [email protected] Upon request Contact: 需提前預定 21267140 https://www.facebook.com/pages/category/Retail-Company/Anecoop-Asia-1665655433481131/Anecoop Asia [email protected] www.anecoop.com Three stores Contact: 3 間分店 2885 0331 https://www.facebook.com/apita.hongkongapita.hongkong www.apitaunyeshop.com.hk/ https://bit.ly/2XQBxSD 1 TASTING SPAIN STORES 41-47 Man Tai Street , Whampoa Estate , Contact: Hung Hom , Kowloon, Hong Kong 3160 8398 / 3160 8399 香港紅磡黃埔新村民泰街41-47號地下 https://www.facebook.com/b8shkb8shk Shop G7 , G/F., E Plaza Legend Tower, 7 Shing Yip Street , Kwun Tong , Kowloon, www.b8s.com.hk Hong Kong 香港觀塘成業街7號東廣場G7鋪 https://bit.ly/30W8MWJ [email protected] Four counters: Contact: City'Super - IFC Mall / 國際金融中心商場 97915384 City'Super - Times Square /時代廣場 City'Super - Harbour City / 海港城 https://www.facebook.com/BELLOTABELLOTA.HKBELLOTABELLOTA.HK City'Super - New Town Plaza / 新城市廣場 http://hk.bellota-bellota.com/ [email protected] https://bit.ly/2POeSln Online shopping Contact: 網上店鋪 63828318 https://www.facebook.com/bienjamonhkBienJamon -
Food Waste Management in Market Sector – Recommended Good Practices 25
Food Waste Reduction Good Practice Guide for Market Sector Food Wise Hong Kong Campaign October 2014 Summary of Good Practices Wet market (food market) and supermarket are some of the commercial and industrial enterprises involving in food business. This Guide is to provide practical tips for the relevant stakeholders of the market sector, comprising wet market and supermarket, to avoid and reduce food waste. The good practices for the market sector to : • Manage food waste are to • Avoid it, • Reduce it and • in-Kind donate it, as well as • Educate stakeholders to cherish food, before • Treating the unavoidable food waste for transforming it into useful resources. Overview of good practices recommended for the market sector to manage food waste is tabulated as follows : Merchants/ Customers Management Cleaning/ Operators Companies Collection Contractors Avoidance & • Avoid over- • Judiciously • Raise Reduction procurement procure food, merchants’ and and over- particularly customers’ stocking food close to or awareness to • Properly shortly past the avoid/reduce store food and “sell-by” and food waste inspect storage “best before” • Educate and devices date and/or encourage • Give big with practices to discounts to imperfection avoid/reduce food that are • Thoughtfully food waste close to the shop and select expiry date to food to sell them avoid/reduce instead of risk of dispose of contamination them and package damaging Merchants/ Customers Management Cleaning/ Operators Companies Collection Contractors Food Donation • Donate • Show -
China: Retail Foods
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/28/2017 GAIN Report Number: GAIN0036 China - Peoples Republic of Retail Foods Increasing Change and Competition but Strong Growth Presents Plenty of Opportunities for U.S. Food Exports Approved By: Christopher Bielecki Prepared By: USDA China Staff Report Highlights: China remains one of the most dynamic retail markets in the world, and offers great opportunities for U.S. food exporters. Exporters should be aware of several new trends that are changing China’s retail landscape. Imported food consumption growth is shifting from China’s major coastal metropolitan areas (e.g., Shanghai; Beijing) to dozens of emerging market cities. China is also experimenting with new retail models, such as 24-hour unstaffed convenience stores and expanded mobile payment platforms. E-commerce sales continue to grow, but major e-commerce retailers are competing for shrinking numbers of new consumers. We caution U.S. exporters not to consider China as a single retail market. Over the past 10 years, the Chinese middle-class has grown larger and more diverse, and China has become a collection of 1 niche markets separated by geography, culture, cuisine, demographics, and commercial trends. Competition for these markets has become fierce. Shanghai and the surrounding region continues to lead national retail trends, however Beijing and Guangzhou are also important centers of retail innovation. Chengdu and Shenyang are two key cities leading China’s economic expansion into international trade and commerce. -
Hong Kong Retail Food
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 1/10/2017 GAIN Report Number: HK1626 Hong Kong Retail Foods Retail Food Sector Annual 2016 Approved By: M. Melinda Meador Prepared By: Chris Li, Annie Lai, Caroline Yuen Report Highlights: In 2015, Hong Kong retail food sector sales rose 3.9% to $11.9 billion, a positive growth trend forecast to continue especially for those products that resonate with a healthy, sustainable lifestyle increasingly in demand by consumers Post: Hong Kong Page 1 of 16 SECTION I. MARKET OVERVIEW U.S. Food and Beverage Exports to Hong Kong Total U.S. agricultural exports to Hong Kong reached US$3.8 billion in 2015, making Hong Kong the 4th largest market, by value, for U.S. consumer-oriented products with exports of US$3.3 billion. Hong Kong is a major trading hub where buyers make purchasing decisions for a vast range of consumer-oriented products that are destined for Hong Kong and transshipped to Macau, Mainland China and other markets in Asia. With the exception of four types of dutiable commodities, namely liquors, tobacco, hydrocarbon oil and methyl alcohol, food and beverage products are imported to Hong Kong and Macau without excise duties. U.S. food-related products are valued as high-quality, safe choices in Hong Kong where imports meet 95% of local food requirements due to nominal domestic production. To meet their food needs, traditional street (wet) markets are popular for daily shopping for fresh grocery products in Hong Kong. -
China Resources Pharmaceutical Group Limited 華潤醫藥集團有限公司 (Incorporated in Hong Kong with Limited Liability)
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of China Resources Pharmaceutical Group Limited 華潤醫藥集團有限公司 (Incorporated in Hong Kong with limited liability) WARNING The publication of this Post Hearing Information Pack is required by The Stock Exchange of Hong Kong Limited (the “Exchange”) and the Securities and Futures Commission (the “Commission”) solely for the purpose of providing information to the public in Hong Kong. This Post Hearing Information Pack is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with the Company, its sponsor, advisers or member of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or supplemental, revised or replacement pages on the Exchange’s website does not give rise to any obligation of the Company, its sponsors, advisers or members of the underwriting syndicate to