759 Store: fast-expanding snack retail chain loses steam

Fast-moving consumer goods segment in Hong Kong is tough: costs of rent and labour rise quickly, price competition is fierce, and online challegeners are strong. 759 Store, a fast growing groceries retail chain of over 200 stores sprung up since… Continue Reading →

HK grocery chains shutting outlets in malls

Shopping malls operators seems reluctant to discuss rent-cut with tenant. 759 STORE, an expanding fast retailer of daily necessities owned by CEC International Holdings (0759.HK) since 2010, will close 4 outlets out of its 260 stores in Hong Kong. All… Continue Reading →

E-shopping in HK is booming

Hong Kong’s high rental fuels online shopping boom. High rent is the major reason for businesses not to keep physical stores in Hong Kong. Therefore, local retail chains, like Belle International and Chow Tai Fok have been closing their outlets recent years, and online shops… Continue Reading →

HK grocery chain revenue jumped 48% to HK$2.1b

759 STORE opened 57 more retail outlets in 12 months to 30 April 30, total of 249 shops in HK. CEC International Holdings (0759.HK) announced its results for the financial year ended 30 April 2015 on 3 July, it recorded annual… Continue Reading →

HK grocery chain will launch online shopping

759 STORE, over 247 shops in Hong Kong, announced debut of online shopping on 8 August. 759 STORE is an fast-expanding local retail chain which aims to provide more choice of necessities soured over the world, rather than Wellcome and PARKnSHOP, for HK locals. The… Continue Reading →

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