Health and beauty grows 7% in Asia despite HK turmoil

The retail division of Hong Kong-based conglomerate C.Okay. Hutchison operates over 15,000 shops throughout 25 markets globally.

Its portfolio contains chains of supermarkets and wine retailers, however the bulk of the enterprise is in well being and sweetness (H&B).

Dominic Lai, group managing director of A.S. Watson Group famous throughout C.Okay. Hutchinson’s 2019 annual outcome convention name that the retail enterprise was ‘very wholesome’ and confirmed lots of resilience within the difficult panorama.

Total, retail reported EBITA development of 8% in native currencies whereas the well being and sweetness phase elevated by 5%.

Gross sales from retail chains akin to Watsons and Superdrug signify about 84% of the division’s complete income in 2019.

It reported complete gross sales development in native currencies of 6% and a 5% enhance in retailer numbers and a 2.4% development in comparable shops gross sales.

Well being and sweetness carried out strongly throughout all areas pushed by the agency’s retailer expansions. Its complete retailer quantity elevated 5% to 15,794, with retailer openings primarily in China and Asia.

Moreover, the phase benefited from investments into digital retail experiences, the development of margins by personal model and exclusives choices and growing buyer connectivity with its 137 million members.

Silver linings

Most notably, Asia noticed a development of seven% regardless of experiencing a difficult second half because of the political points in Hong Kong, which affected Watsons Hong Kong.

Nevertheless, the agency famous that Watsons Hong Kong solely represented 2.6% of the retail division’s EBITA in 2019.

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