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Tag: circle k

Retail Asia06/11/2020
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General

Couche-Tard acquires Circle K business in Hong Kong

1min0
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 convenience stores and Saint Honore bakery chain operator plans to declare a special dividend of HK$3.85 […]
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Retail Asia19/08/2019
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General

Fung Group sells Circle K retail network

2min0
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 there in 2002. The Guangzhou Circle K business recorded a net loss of HK$21.4 million […]
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Retail Asia26/03/2019
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General

Big Big Shop partnering up with Circle K

2min0
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 Asia signed this week. Big Big Shop was launched in July last year. “Circle K is a […]
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Retail Asia08/11/2018
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General

Fung Retailing, Alibaba to collaborate bringing lifestyle brands into China

4min0
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 China, UK, France, South Korea, Singapore, Malaysia, Thailand and the Philippines. Its partly- or majority-owned businesses include Circle K […]
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Retail Asia22/08/2018
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General

Circle K Hong Kong sales boosted by digital

6min0
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 drove core operating profit up 16 per cent to $81 million in the six […]
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Retail Asia11/05/2018
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General

Profits up for Circle K Hong Kong

3min0
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 initiatives and an O2O business strategy have positioned the group for long-term growth. By […]
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Retail Asia09/03/2018
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General

Circle K Hong Kong parent focused on digital to boost growth

3min0
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 membership for “OK Stamp It” (Circle K) and “Cake Easy” (Saint Honore) exceeding 1 million and 300,000 respectively. Group revenue was up […]
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Retail Asia07/03/2018
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General

EPS helps elderly to withdraw money at circle K stores

3min0
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 service. It allows senior citizens to withdraw money at designated stores without […]
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Retail Asia18/08/2017
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General

Strong first half for Circle K Hong Kong parent

4min0
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 profit and a 10.2 per cent rise in net profit, mainly because of effective marketing for Circle K […]
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Retail Asia29/03/2017
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General

Vietnam convenience store growth to lead Asia

5min0
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 annual growth rate, up to US$4.8 trillion by 2021. Of that, the convenience store sector will see […]
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Retail Asia03/01/2017
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Food

For 7-Eleven, its all on a par

3min
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 would need to fall 10.7 percent to reach actual […]
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Retail Asia24/11/2016
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E-Tailing

Rakuten Books expands store pickups

2min0
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. Customers who buy products from Rakuten Books can pick up their purchases from the […]
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Retail Asia16/08/2016
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General

Circle K Hong Kong sales defy downturn

3min0
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 in the six months to June 30. Turnover in […]
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Retail Asia25/07/2016
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General

Vietnam retail on brink of convenience store boom

4min0
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, seemed few and far between on the streets of Ho Chi Minh City and […]
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Retail Asia01/10/2015
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Living

Convenience Retail to offload Circle K Guangzhou

6min
Convenience Retail Asia, the Hong Kong-listed operator of Circle K convenience stores and Saint Honore Cake Shops in Hong Kong, Macau and Guangdong province, has reported a 36.8 per cent decline in first half year profit. While sales increased 5.8 per cent in the half year to HK$2.368 billion, labour and raw material costs increased, […]
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Retail Asia23/03/2015
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General

Costs rise for Circle K Hong Kong

6min
Convenience Retail Asia says sales in its convenience stores and bakeries rose marginally last year, but rising costs dented profits. CRA, part of the Fung Retailing group, operates 604 retail stores in southern China. It has 329 Circle K stores in Hong Kong and 127 outside the SAR and 148 Saint Honore bakery stores in […]
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