Small grocers’ neighbourhood links can help them beat price war, experts say

AI Summary

Amidst a fresh wave of price cuts by major supermarkets in Hong Kong, local small grocers are relying on their established neighborhood connections to compete effectively. Experts suggest that these ties might help them withstand the pressures of the competitive retail environment.

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...