Tag
19 stories in this topic
Swedish plant-based alt-milk producer Oatly has partnered with the convenience store chain Circle K to introduce its Barista Edition beverage across stores in Estonia, Lithuania, and Latvia. The Oatly Barista Edition is a plant-based, dairy-free alternative…
Convenience Retail Asia Ltd said on Thursday it had agreed to sell its convenience store business in Hong Kong to Canadian convenience store and road transportation fuel retailer Alimentation Couche-Tard Inc for HK$2.79 billion ($359.8 million). The Circle K…
Fung Group has sold its Guangzhou Circle K-store network to Chinese retailer Suning for an undisclosed sum. Facing intense competition in the mainland convenience-store market, the network of 61 outlets has failed to make a profit since the brand’s launch…
DHL Express has extended its On Demand Delivery service to more than 300 Circle K stores across Hong Kong. Customers will be able to visit Circle K stores to pick up their overseas merchandise, “whenever and wherever it is convenient,” said a DHL…
Shoppers buying goods online from Television Broadcasts Limited’s Big Big Shop will be able to collect their purchases at any Circle K Convenience store across town. The click-and-collect service results from a partnership between TVB and Convenience Retail…
Fung Retailing and Alibaba have formed a strategic partnership to launch more international lifestyle brands in Mainland China. The partnership will bring closer Alibaba’s 600-million user base and Fung Retailing’s 3000+ network of stores across Greater…
Digital and creative marketing strategies have been credited for rising sales at Hong Kong Circle K and Saint Honore stores in the first half of this year. Parent Convenience Retail Asia says the combined operations achieved sales of HK$2.574 billion and…
As the retail sector finally rebounds, the CEO of Circle K Hong Kong owner Convenience Retail Asia (CRA), Richard Yeung, says the company has reinvented itself. He says profits have grown over the past year, while strong customer loyalty and marketing…
Despite a challenging business environment, Circle K Hong Kong parent Convenience Retail Asia reports comparable-store sales growth last year driven by digital initiatives. Leading the way were O2O customer-relationship management (CRM) programs, with…
EPS Company (Hong Kong) has introduced a service that enables the territory’s elderly to withdraw small amounts of cash at Circle K convenience stores. The first phase of EPS EasyCash for Senior Citizens has been launched as an extension to the EPS EasyCash…
Despite weak retail market sentiment, Convenience Retail Asia’s Circle K Hong Kong convenience stores and Saint Honore bakeries achieved solid first-half comparable-store sales growth. CRA’s interim results show an increase of 9.9 per cent in core operating…
Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organisation IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 per cent of compound…
In a sign of how far confidence in the yuan has fallen, 7-Eleven stores are valuing the Chinese currency on a par with the Hong Kong dollar, which was last seen in 2007. One yuan fetched HK$1.12 on the foreign currency market yesterday. While China’s currency…
Customers of Rakuten Books can now pick up their online purchases at Lawson convenience stores across Japan. This follows the forming of a collaboration between Rakuten and the Lawson chain, which has 11,922 stores around Japan, plus 100 Lawson Store outlets.…
Circle K Hong Kong sales rose 4.7 per cent in the first half of this year, defying the retail downturn. Parent Convenience Retail Asia has reported an overall turnover boost of 3.4 per cent to HK$2.339 billion. Same-store sales grew 5.2 per cent year on year…
Vietnam retail is on the brink of a convenience store boom as multinationals muscle up against fast-expanding local players. The increasing pace of life in urban Vietnamese cities is fuelling demand for convenience stores which, until three to four years ago,…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.