As Hong Kong enters the final countdown to the Lunar New Year festivities, four major retail chains—ParknShop, Wellcome, Mannings, and Watsons—are set to launch extraordinary, simultaneous 12% off (equivalent to an 88% overall price) promotions this weekend, beginning on Saturday, February 7, 2026. This coordinated discount push is timed perfectly to allow consumers to complete their essential festive preparations, offering substantial savings on everything from traditional gift sets and premium frozen foods to healthcare products and household staples, with many opportunities for stacking discounts and earning significant cash back or credit rewards.
Supermarkets and Drugstores Coordinate Festive Savings
The widespread promotional activity across these dominant retailers provides a crucial last-minute opportunity for residents to manage the significant expenditure typically associated with the Lunar New Year holiday. These sales extend beyond primary groceries, encompassing a wide array of products traditionally purchased for entertaining or gifting during the season.
Wellcome is hosting its “Super Fortunate Big Discount Day” across both physical stores and its online platform for two days (February 7–8, 2026). In-store shoppers can secure an 88% discount on their entire purchase when spending HK$188 or more, with no upper limit on savings. Online shoppers must meet a HK$888 threshold for the 12% reduction. Crucially, Wellcome is sweetening the deal with exclusive promotions, such as a “Buy 2 Get 2 Free” offer on Dettol laundry pods, which includes over HK$434 worth of bonus products, including Tempo paper goods. Additionally, bulk buying incentives on premium foodstuffs like Golden Phoenix Thai Fragrant Rice (discounted to approximately HK$139.9 per 5kg bag) and tiered discounts on festive hampers and champagne are attracting high-value custom.
Meanwhile, ParknShop is offering its 88% discount exclusively to MoneyBack members who spend HK$168 or more in its various physical store formats (including ParknShop, TASTE, and GREAT) on February 7. Online shoppers must spend HK$1,200 and use the code “CNYBUY88” to receive the full 12% price cut. Beyond the immediate discounts, ParknShop is promoting engaging in-store events, including character meet-and-greets at select Tuen Mun and Tin Shui Wai locations, adding a community element to the shopping spree.
Health and Beauty Chains Offer No-Threshold Deals
In the health and personal care sector, both Mannings and Watsons are simplifying the savings process by offering no-minimum-spend 88% discounts for rewards program members on February 7.
Watsons, open to all Easy Dollar members, is applying the discount both in stores and online (using code “12OFF”). Furthermore, Watsons is providing layered incentives, where customers spending HK$388 receive an HK$80 “Red Packet” voucher bundle. A standout offer at Watsons is the high-value gift-with-purchase for buying selected Sensodyne toothpaste, which includes a free SOLAC portable hairdryer and other household essentials, collectively valued at HK$421. Significant savings are also available on high-end supplements like Pure NMN, which is offered at a combined discount and “Buy 1, Get 1 for $1” promotion, resulting in a price reduction of more than 50% per unit.
Similarly, Mannings is offering a storewide 88% discount, with online users instructed to enter the code “26FEBHH.” Mannings encourages customers to maximize savings through a “triple-dip” strategy, combining the 12% base discount with special yuu point redemption offers, which provide an effective additional 12% in savings, and utilizing HSBC credit cards on the Saturday promotion day to earn an extra 10% cash rebate on eligible spending over HK$1,000.
An additional retailer, 759 Store, is also participating in the high-stakes shopping rush, offering a robust four-day 30% member discount (70% overall price) from February 5–8, which is automatically calculated to provide the lowest price against other ongoing promotions. This targeted approach focuses on unique imported snacks and frozen foods, appealing to consumers looking to diversify their festive pantry ahead of the holiday.
This weekend’s saturation of coordinated discounts underscores the fiercely competitive environment leading up to the Lunar New Year, compelling consumers to prioritize strategic shopping across various retail channels to maximize their savings on essential goods and gifts. Further details and any remaining terms and conditions relating to the promotions should be confirmed directly with the respective retailers.