Hong Kong Retail Shifts and Consolidationactive

Hong Kong’s smaller grocers are bracing for pressure amid a fresh wave of price cuts by supermarkets and big retail chains, but some economists say their “neighbourhood connection” could help them stay afloat. A lawmaker also said it was unlikely the big local chains would monopolise the market citing strong competition from online shopping platforms. The latest price war erupted ahead of Mother’s Day on Sunday, with CK Hutchison-backed ParknShop and Jardine Matheson’s Wellcome each offering 12...

Mother’s Day business at many traditional Chinese banquet restaurants in Hong Kong has been weaker than last year, with diners increasingly opting for lunch and afternoon tea celebrations or non-traditional meals such as hotpot, industry representatives have said. Busy areas such as Causeway Bay were bustling with families on Sunday, as residents flocked to restaurants and shopping malls to celebrate, some carrying flowers and cards. “I did not want to do a very big dinner this year because...

Hong Kong residents crowded the aisles of supermarkets, their carts filled with everyday essentials, as the city's major grocery chains engaged in what some were calling a "price war" ahead of Mother's Day. Hong Kong's two major supermarket chains, ParknShop, backed by CK Hutchison Holdings, and Wellcome, owned by Jardine Matheson, each offered a 12 percent discount on everything in their stores for customers who purchased a certain amount of goods on Saturday. HKTVmall, the city's popular online shopping platform, joined the competition and...

Merger of ParknShop with Wellcome would create a dominant player in the territory’s food retail market