Gravity Supply Chain, a developer of cloud-based apps that helps companies modernize the management of their global supply chains, released RTM (Route-to-Market), a new tile for its Transport app that provides up-to-date sailing schedules for over 50 major ocean carriers, over 250,000 port pairs covering over 90 percent of the world’s container capacity. Transport RTM is an advanced solution that enables logistics providers to deliver these capabilities directly to their customers as part of their end-to-end supply chain visibility and execution solution.
The Transport RTM tile offers a sailing schedules search engine 3PLs and supply chain managers can use to select any global port pair and date range, and instantly see all sailing options. Uploading information related to contracted rates with various shipping lines enables users to create lists of routes that can be filtered by factors such as quickest sailing route and cost.
“RTM is the newest feature of our mission to create one holistic data hub that provides our users with the real-time information they need to view, control, share and execute sourcing, supply, transport, inventory and selling activities anywhere in the world,” said Darren Palfrey, COO, Gravity Supply Chain. “This is especially valuable to 3PLs struggling to close the technology gap between what shippers need, and what all but the industry’s largest players can offer.”
The RTM tile is available today at no additional cost to all Transport app users. The Transport app integrates with your transportation partners and systems and automates the creation of packing lists, advance ship notices and compliance documents, and provides real-time tracking so retailers, brands and product companies know where their products are at all times with real-time tracking visibility. Transport is one app in Gravity’s suite of apps that make up its cloud-based end-to-end supply chain management and logistics platform.
The carrier, which has 13 more on order, is the ninth airline operator of the new type.
China Airlines will deploy the first A350 on regional routes such as Taipei-Hong Kong for crew familiarization towards the end of October 2016, before flying it to Amsterdam, Vienna and Rome from January 2017.
According to the airline, it expects to receive three more A350s by the end of the year, with the other 10 scheduled to be delivered during the next two years.
Airbus had originally planned to deliver the first frame to China Airlines in July 2016, but pushed it back due to production delays.
Japanese automaker Mitsubishi Motors Corp (7211.T) will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.
Japan’s sixth largest automaker has admitted it falsified the mileage on 12 models, including the Pajero and Outlander SUV, taking a blow to its reputation.
The latest suspension came after a two-month suspension in sales of four minivehicle models this year, including two produced for Nissan Motor Co. (7201.T), following the initial admission of incorrect fuel economy readings.
The market value of the company has tumbled since that scandal broke, prompting it to seek financial assistance from Nissan, which agreed to buy a controlling one-third stake for $2.2 billion.
Japan is Mitsubishi’s fifth-largest market, following markets including Asia ex-Japan, Europe and other regions. Its home country comprised roughly 10 percent of its vehicle sales during 2015/16.
Tesla Motors Inc said on Sunday its third-quarter deliveries rose 70 percent to 24,500 cars, following production improvements, cheaper lease deals and reports of discounts on some vehicles.
Deliveries are a key metric of performance for the luxury electric vehicle manufacturer, which had missed these targets in the previous two quarters.
The improved deliveries for the third quarter bring Tesla closer to meeting its second-half 2016 target of 50,000 vehicles, which it reiterated on Sunday. It said in a statement that fourth-quarter deliveries would be “at or slightly above” the third quarter’s.
However, the third-quarter figures included 5,150 vehicles in transit at the end of the second quarter, as Tesla reported in July. Another 5,500 cars in transit would be counted in the fourth quarter, it said.
Meeting the third-quarter target was a priority for the money-losing Silicon Valley carmaker, which is hoping to raise funds from the equity market later this year for multiple efforts, including building out its factory for the Model 3 mass-market sedan due in late 2017 and the planned acquisition of SolarCity Corp (SCTY.O).
Tesla experienced production problems earlier this year and began to resolve them in June. It said in July that production would improve from 2,000 cars a week to 2,200 in the third quarter and 2,400 in the fourth.
Production rose in the third quarter to 25,185 vehicles, implying just shy of 2,000 vehicles per week.
The company will release third-quarter financial results in early November.
Chief Financial Officer Jason Wheeler said in August that if second-half production and delivery targets are met, the company had a “great chance of being non-GAAP profitable,” without specifying a time period.
In September, Tesla began advertising its inventory cars, for showrooms or test drives, “at favorable prices and ready for expedited delivery.”
Some analysts expressed concern that discounts, reported extensively on online Tesla forums, would undermine margins.
Last week, Chief Executive Officer Elon Musk published a memo telling employees to follow the company’s policy of not offering discounts on new cars.
Musk was responding to a research note published on Tuesday by Pacific Crest Securities analyst Brad Erickson criticizing Tesla for offering discounts on Model S inventory cars, not those built-to-order for specific customers, to boost third-quarter sales.
Huawei has announced the launch of the first Microwave solution for FTTx, to allow operators to deploy gigabit-capable broadband services over different access media.
Operators will be able to use microwave links and existing fiber, copper and coaxial cables to expand Gigabit network coverage.
The system combines a range of microwave technologies including large capacity E-band and super dual band (SDB) to offer a transmission capacity ranging from 1Gbps to 10Gpbs.
Huawei said the system has already been commercially deployed in multiple markets including China and Greece.
The technology is designed to address the problems of operators facing difficulty improving line speeds because of the poor quality of existing copper, as well as the difficulty of obtaining the required fiber resources.
The product launch forms part of Huawei’s Gigaband strategy, which aims to achieve record levels of bandwidth and coverage.
Vodafone Australia has revealed plans to switch off its 2G network in just under a year to free up spectrum for 4G.
The operator will decommission its legacy 2G GSM network on September 30 2017, following a 12-month campaign to move its remaining 2G users off the network.
Announcing the decision, Vodafone said its 2G network currently carries less than 1% of the operator’s data traffic and around 2% of its voice traffic. By contrast, Vodadone’s 4G network carries nearly 80% of the company’s total data traffic.
Vodafone first launched 2G services in Australia in 1993. More than 600,000 customers have been migrated from 2G since January 2013, but the company did not state how many remain.
“There has been a natural drop-off of 2G traffic as 4G smartphones have become more affordable. This has led to many customers upgrading their phones of their own accord,” Vodafone CTO Kevin Millroy said.
“We are continuing to enhance our network with features including Voice over 4G which provides clearer voice calls, shorter call connection times and the ability to use 4G data while making or receiving a call. With the IoT on our doorstep, it is paramount we manage spectrum efficiently and reallocate capacity to our more advanced networks to help more of our customers have a better experience.”
Vodafone will be the last Australian operator to shutter its 2G network – Telstra plans to switch off its own 2G network in December, and Optus plans to follow suit in April 2017.
State lender Bank Mandiri is preparing a syndicated loan of Rp4 trillion to build five airports in Indonesia in the fourth quarter of 2016, the banks corporate banking director, Royke Tumilaar, said.
Bank Mandiri will lead the syndication of loans to state airport operator PT Angkasapura I which will develop the five airports, Royke stated here on Monday.
“Syndicated loans worth Rp4 trillion will be extended for the purpose. The Kulonprogo airport in Yogyakarta will be among these five airports,” he added.
The loans will be used to build new airports and expand the existing ones. The five airports include Ahmad Yani in Semarang, Syamsudin Noor in Banjarmasin and Kulonprogo in Yogyakarta. Also, the Terminal 3 at the Juanda Airport in Surabaya and Sultan Hasanuddin Airport in Makassar are to be developed with these loans.
Other debtors that will be involved include Sarana Multi Infrastruktur (SMI), PT Bank Central Asia Tbk (BCA), PT Indonesia Infrastructure Finance (IIF) and PT Bank Rakyat Indonesia Tbk (BRI).
Royke further syndicated loans will also be given in the fourth quarter of 2016 for the construction of toll roads in and around Jakarta.
“We hope the process can be started in the fourth quarter of 2016, the construction of a new airport in Kulonprogo also begins by then,” he noted.
Overall, the demand for loans to finance infrastructure development in the second semester of 2016 continued to increase, he noted.
The state bank has also prepared loans worth Rs 20 trillion for the construction of power plants in the fourth quarter, he disclosed.
As per the bank’s target, the credit extended to infrastructure development will grow 20 percent year on year by the end of this year.
With the relevance of the Great Singapore Sale (GSS) in doubt, going by falling retail sales, questions have been raised about what went wrong with the sale.
Many consumers have pointed out that the annual sale of 23 years is not that great, as the discounts offered here are not as steep compared with those in sales overseas.
They also lamented that the discounts are mostly for older merchandise. A possible reason for this is that Singapore has no seasons.
Associate Professor Prem Shamdasani, from the National University of Singapore Business School’s marketing department, said the summer sales in Tokyo and Hong Kong tend to be more successful than the GSS due to the seasonality of the products sold.”(This) encourages (their) retailers to offer deep discounts to clear inventory and make room for new arrivals, which are also attractively marked down to entice local shoppers and tourists,” he said.
Offering steep discounts is also not sustainable for businesses here, said Singapore Polytechnic senior retail lecturer Sarah Lim.
“(This) will eat into the retailer’s overall profit, and with rental and manpower costs all added in, the retailer may not be able to sustain the business,” she said.
Singapore Retailers Association (SRA) president R. Dhinakaran previously said holding sales to clear old stock is common worldwide.
The retail scene has been slow in recent months. Latest official statistics show that retail sales excluding motor vehicles in June and July each fell 3 per cent over the same months last year.
This is despite the attempts for this year’s GSS – which took place from June 3 to Aug 14 – to draw tourists and residents with an extended sale, more payment options and a more targeted focus on tourists from China. The poor showing, and similar sales declines in June last year and 2014, prompted the SRA, which organises the GSS, to suggest a need to discuss with the Singapore Tourism Board about continuing the event or revamping it.
Retailers and retail experts have pointed to the slowing economy here and overseas as a key factor for the slump this year, but there are other concerns as well.
One issue raised about this year’s GSS is its length and timing.
The event started in June – a week later than last year – and was extended to 10 weeks to cover the bulk of China’s summer holidays.
In the past 12 years, the annual sale stretched over eight weeks.
But a 10-week sale might have led to sale fatigue among Singaporeans inundated with “end-of-season sales” or “anniversary sales” year round, said retail experts.
Research suggests that local consumers with strong spending power are disciplined spenders and tend to spend more during the early weeks of the GSS, said Dr Guan Chong, head of marketing programme at SIM University’s School of Business. “Thereafter, their spending pattern should likely stay low for the rest of the GSS period,” she said.
GSS’ new sale period also clashes with big sales elsewhere such as Tokyo’s famous end-of-summer sales, which start around the third week of July, she noted.
Then, there is the perennial problem of retailers holding their own sales earlier to beat their rivals, dampening the effect of the GSS.
Department stores Robinsons, Metro and OG started their GSS sales in May this year, while baby supplies store Mothercare and hardware chain Home-Fix held pre-GSS sales. Robinsons said this was done in line with shoppers’ expectations for the GSS to start in May, as in previous years. Mothercare did so because its competitors were also holding their sales early.
SRA cannot stop retailers from holding their sales earlier, or dictate the duration of their sales.
There also appears to be a lack of awareness of the GSS and whether it was still going on, in part because of its length, said experts.
Given this, events could be held every weekend during the GSS period to highlight store promotions by themes – such as food or children – to create buzz and remind people the sale is ongoing, said Mr Steven Goh, executive director of the Orchard Road Business Association.
Another suggestion is not to focus on only discounts. Dr Lynda Wee, an adjunct associate professor at Nanyang Business School, said the GSS should add a lifestyle spin and combine shopping and dining promotions with leisure deals, such as those for spa sessions, movies and cooking lessons.
Dr Chong said merchants can ride on the digital marketing wave to connect with an international audience, such as using popular social media platforms.
Still, lower retail sales should not be blamed on the GSS alone, said Ms Lim, adding: “Orchard Road, Raffles City, Marina (Bay) and Suntec (City) lack strong positioning. Can our malls be differentiated so that tourists desire to visit each one of them because they are different?”
Hong Kong is set to overtake Switzerland as the world’s wealthiest territory measured by savings per capita by 2020 thanks to its investors’ preference for near-cash products, according to a report.
Verdict Financial’s latest report found with a forecast compound annual growth rate of seven per cent, Hong Kong would be the third quickest growing developed wealth market over 2016 to 2020.
Verdict Financial’s senior analyst for wealth management, Bartosz Golba, said Hong Kong’s growing importance was no surprise.
“The market is exemplary in regard to explaining why the majority of global wealth managers put Asia-Pacific at the centre of their growth strategies. In real terms — taking inflation into account — no other region will see its value of liquid assets grow at a greater pace,” Golba said.
“What makes Hong Kong unusual is the local investors’ preference for near-cash products. Almost 85 per cent of liquid onshore assets of retail investors in Hong Kong are allocated to bank deposits, while the developed markets’ average stands below 62 per cent.”
Golba said this strategy protected portfolios from capital markets volatility and provided a significant cross-selling opportunity for wealth managers operating in Hong Kong.
The report also highlighted the unequal distribution of global wealth as developing countries often had a lower penetration of affluent individuals despite the country possibly holding more wealth than their developed nation counterparts.
“In the US, almost two thirds of the population can be considered affluent. As a country in which almost two per cent of citizens are millionaires, it remains an attractive market for private banks and wealth manager,” Golba said.
“While we are in a period characterised by volatile financial markets and wealth managers looking for optimal business strategy, there is one thing that remains constant. In aggregate terms, the US has been, and will remain, by far the world’s largest wealth market.”
The overall theme of the conference was one of tempered optimism
Speakers at the first Property Report Congress Thailand 2016 have tempered optimism on the market, as experts see potential and also challenges facing the country’s real estate sector.
DDproperty.com, the conference’s official property portal, reported that Thailand’s commercial real estate is expected to witness an upward trend in the coming year as the market becomes stronger due to growing demand from consumers, according to local and foreign experts at the event.
The current market situation has been often been described as resilient, supported by the healthy luxury residential segment of Bangkok even as the overall state of the economy has caused some to be concerned.
“Although having been affected by global volatility, the impact of China’s slowdown and weakening demand in general over the past year or so, Thailand will remain on an upwards course in 2016 with several property firms projecting growth of around 5-10 percent with the Greater Bangkok luxury market expected to lead the regional resort areas into positive growth,” Clayton Wade, managing director of Premier Homes and Property Report Congress Thailand conference chairman, stated.
Thailand’s office sector could see an increase in both rental rate and occupancy rate, especially in Grade-A office space in Bangkok’s downtown area.
Dr Theerathon Tharachai, chief financial officer of Project Planning Service, noted that there is a huge potential in the office space for sales in the suburb area as well, especially in certain growth areas such as Rama 9 or Ekamai-Ramindra.
When it comes to Thailand’s retail and design, the focus is on quality rather than quantity as Thailand’s sluggish economy requires outlets to create special projects that connect with consumers.
“I wish I could paint a more rosy picture, but I do feel things will be very competitive as consumption demands are likely to remain laggard for the remainder of this year and next,” Vicharee Vichit Vadakan, co-founder and managing director of The COMMONS, one of the retail nominees at the 11th Thailand Property Awards 2016, said.
“In a weak economy, one is more likely to find stability and growth in more focused products. Truly understanding your customers and being honest and relevant to their needs is of essence.”
Singapore’s retail sector may be looking gloomy, but all is not lost as six trailblazers share ideas on how to brighten up the scene
To describe shopping here, six individuals – including influencers in their own industries – throw up the words homogeneous, safe, scripted.
The outspoken Ms Patrina Tan, senior vice-president for retail, marketing and leasing at property developer OUE, calls it as it is: boring and dead.
This lack of imagination, compounded by restrictions imposed by landlords, unadventurous shoppers and uninspired service staff, has eroded the Republic’s reputation as a shopping paradise, they say.
One has to look only as far as the ailing Great Singapore Sale (GSS), seen by many as a microcosm of the wider malaise affecting the industry here, to see how times have changed.
Launched by the Singapore Tourism Board in 1994 to market the city, the GSS had helped to cement Singapore’s standing as a shopper’s haven.
Tourists flocked to the island during the sale period, stores trotted out steep discounts and Singaporeans would wait for the sale to make big-ticket purchases.
But its golden days are over. Last week, GSS organisers questioned its relevance after three consecutive years of dwindling takings. Discussions are under way to see if it should be scraped.
Critics say the GSS and brick- and-mortar stores in Singapore have failed to evolve with changing consumer preferences, letting regional competitors such as Hong Kong and Japan steal their thunder.
Others point out that retailers here have a lot to grapple with – a slowing economy, falling tourism spending, a labour crunch, the rise of e-commerce as well as high operational costs.
But, across the board, all agree on one thing: Singapore is simply not the shopping paradise it once was.
Can the island recover its shine?
SIX WAYS TO BEAT THE RETAIL BLUES
1. Loosen up, mall owners
Malls’ uniform appearance and short-term leases make them unappealing to set up business in, says Mr Loh Lik Peng
If hotelier-restaurateur Loh Lik Peng could say one thing to mall landlords, it would be this: Please stop your obsession with the polished, corporate look.
And please, please, give longer-term leases.
This will breathe new life into Singapore’s cookie- cutter retail scene, dominated by shopping malls all too similar to one another, he says.
Drawing from past experience, the director of Unlisted Collection, which runs a stable of restaurants including Salted & Hung, Pollen and Esquina, says malls typically tell prospective tenants to submit a design of their restaurant or shop that is “subject to approval from mall management”.
“I think this is unfortunate because malls here are obsessed about how they look in terms of their facade. You do not encourage innovation when you do that,” says the 44-year-old, who also manages hotels including New Majestic in Bukit Pasoh Road and Wanderlust in Little India.
“You are ‘strongly encouraged’ to have that very sort of, frankly, that very polished look. So you don’t find interesting shop fronts,” says the father of two.
“All the malls want that shiny kind of look with the double storey and huge branding. This uniformity is driven by the malls.”
The Republic has more than 100 malls across the island. Along Orchard Road – the country’s famous retail belt – there are at least 40 shopping centres, with many standing side by side along the 2.2km boulevard.
Despite numerous requests, Mr Loh has yet to open a restaurant in a mall.
“It never reached the stage of us giving them a rendering, we just could not be bothered. Most malls want a cookie-cutter thing. They want the retail experience to be very uniform as the customer walks through. That is just not us,” says Mr Loh, who was one of the first movers in the heritage boutique hotel segment here – he opened Hotel 1929 in Keong Saik Road in 2003.
Non-mall landlords, he says, give tenants free rein and “nobody dictates how you must look, how wide your door is”.
Mr Loh, who is drawn to the quaint vintage shops in Notting Hill in London, as well as the “small-tailoring” shops in the nearby Spitalfields district, says: “You can never get this kind of store here.”
The short lease terms and requirement that tenants put down a large rental deposit, he says, are too prohibitive.
In Singapore, landlords typically offer a “three plus three” retail lease agreement, which is fixed for the initial three years, but leaves room for rental adjustments and a reassessment thereafter.
“If you go to England or Australia, your minimum lease is 15 years. Here, even if you build a successful outlet, chances are, the next round, the landlord will raise the rent because he sees you doing well,” he says.
“It is a landlord’s market in Singapore. Three plus three, it’s crazy, it does not encourage people to take risks.”
2. Know the shopper
Retailers should identify their consumer and build their concept on their target group’s lifestyle and needs, says Ms Patrina Tan
Bigger and better do not cut it anymore – not if you want shoppers to bite.
To get them to stick, businesses must study what makes them tick, says Ms Patrina Tan, senior vice-president for retail, marketing and leasing at property developer OUE.
“Find out what their lifestyle is now, so that you can put forth a proposition that relates to them, that will make them sit up and want to part with their time, attention and money. Then, evolve with them,” says Ms Tan, speaking to The Straits Times at a cafe in Mandarin Gallery, which OUE manages.
This, says the 48-year-old, must be the approach taken to revamp retail here – shops cannot simply import concepts from overseas or hire a good interior designer to create “just another pretty place”.
Adding that many retailers here take this short-cut, she says: “Who can do better in terms of interior design, how sustainable is that?”
“The question to ask is, really, what is it that is holding the customer?”
Downtown Gallery, OUE’s bold retail concept in the Central Business District to open by the first quarter of next year, is the property developer’s attempt to answer that question. But it is not for every shopper, of course – specifically, it targets working adults who value fitness and want to live well.
This market, says Ms Tan, includes the highly sought-after consumer segment, Middle-Aged Men In Lycra or Mamils – cycling enthusiast fathers aged between 35 and 45 who ride expensive racing bicycles for leisure and wear spandex for comfort.
Retail is ancillary at the 145,000 sq ft compound. Instead, it is dominated by services – gyms, chiropractors and a 4,000 sq ft “social kitchen” where shoppers can book slots and bring their own ingredients to cook.
“In this space, they can work out, get themselves cleaned up, have a meal that supports their lifestyle of eating clean, then pick up things they need – like a yoga top – or do their hair,” says the mother of four, adding that OUE works with tenants to pull out specific products to appeal to this target market.
There will also be a trend gallery on the ground floor with the latest “in eating well, keeping well and looking well”.
This laser-beam precision is sorely lacking among retailers here, she says, describing them as “jittery”.
“Halfway through things, they get kiasu and start widening their nets to try and catch a little bit here, a little bit there for fear of losing out. When you do that, everything gets diluted and you end up being nothing to anyone.”
Orchard Road, she says, is still known for its luxury brands, as suburban malls are unable to bait them for now. But the challenge, she says, is for such brands to reach out to the millennials.
“Your Louis Vuitton, Prada, Bottega Veneta – these may not be luxury to them. The definition of luxury is changing. For some, living well is a badge of luxury; for others, it is being able to mix and match different classes of things at different price points to form a statement. Luxury is not confined to brands anymore.”
Shoppers, she says, are now exposed to a cornucopia of brands worldwide – bespoke ones, streetwear and independent labels – many of them more statement- making as far as the individual is concerned.
Retail in Singapore now, “it is boring, it is dead”.
She adds: “Most of the retailers here, sadly, you try to sell them a concept and they just throw up their hands and complain that consumers are jaded and not spending, that online is cannibalising their business, all these excuses.
“But the truth is, what are you doing about it in your own space?”
3. Set up brand temples
The future of retail is to create brand temples where consumers can experience the brand, says creative director Chris Lee.PHOTO: YANG TAN
Brand bombing – where businesses flood the market with outlets, one in every mall – is passe.
Retailers should instead have one or two “brand temples” for shoppers to visit to “breathe in the brand”, says Mr Chris Lee, founder and creative director of design agency Asylum. The bulk of sales can then be conducted online.
Such temples, says the 46-year-old, let retailers introduce themselves and paint a narrative.
“Such temples are a way to get buy-in, to reel consumers in to become advocates,” says Mr Lee, whose firm is behind the branding of National Gallery Singapore.
“People now want to be connected to what they are buying and they want to know the story behind everything – where the fabric is from, how is it made.”
Take, for instance, an Asylum project in Beijing – a four-storey Johnnie Walker House opened in 2013, one of the whisky label’s “brand temples”.
Its reception area is a modern take on a grocery store, as the label’s founder John Walker started as a grocer in Scotland.
From there, you enter a room adorned with the primary ingredients of whisky, with walls of barley, peat and a flowing water wall.
Old Johnnie Walker advertisements from Hong Kong and China in the early 1900s, around the time the brand started reaching out to the China market, are fashioned into lamp shades and wallpaper.
Bottles are tagged with radio frequency identification chips. Place one on the table and it turns into a screen with information of what ingredients are in that particular bottle and how to appreciate it.
The public is allowed into the bar in the basement, but the other floors are open only to invited guests.
Visitors can buy limited-edition bottles that cannot be found anywhere else or customise a barrel.
Such houses, says Mr Lee, helped create an edge for Johnnie Walker in the saturated whisky market.
Other brands are starting to catch on, he says, pointing out Uniqlo’s new flagship store in Orchard Central which boasts curated spaces co-created with home-grown production houses, brands and musicians. When the store opened on Sept 2, consumers queued up to attend workshops and snag limitededition totes.
“People always want a reason to go to a store. I would make the retail space as entertaining as the shopping,” he says, throwing out a suggestion to retailers.
“Why not, instead of selling me clothes, sell me mood. Are you thinking party or a weekend away in Phuket? Then direct me to specially curated areas.
“Shops here just don’t do enough.”
4. Make service staff love the job
Having happy employees gives an edge to a retail store or restaurant, says chef Bjorn Shen.
Give chef Bjorn Shen the chance and he would kill this oft-uttered phrase: The customer is always right.
This mentality, he says, turns away self-respecting individuals who want to work in the service sector – and puts retail in Singapore at a disadvantage.
“This has been my biggest beef with the industry, this phrase, that the customer is always right. It needs to have been dead 10 years ago,” says the 34-year-old, who owns restaurants Artichoke Cafe & Bar in Middle Road and Bird Bird in Tanjong Pagar.
“When business owners have this mentality, staff feel powerless and servile. They will never love their job, they will never see it as something for the long term.”
This is one reason Singapore cannot compete with competition overseas, he says.
“It’s not like in other countries where you walk into a shop and someone says, ‘Hi, how are you? Can I help you with anything? All right I will be here if you need any help.’
“In Singapore, the sales staff say a very scripted thing or tail you wherever you go. A lot of that natural warmth is missing,” he says.
“Ask me what my name is or how my day has been. Don’t just say, ‘What size you want?’ Or, “This one also got this colour.’” he quips, with a chuckle.
The change, says the father-to-be, has to come from the top.
Take, for example, an incident at Artichoke, when a customer demanded to change an order that she claimed was put in “a minute ago”.
Chef Shen quickly checked the restaurant’s CCTV camera and found that the order had been placed eight minutes ago. The diner was told, but left happy after she was served the dish she asked for free of charge.
“My staff, they felt we did the right thing. If I had given them a hard time, they’d have felt a great sense of injustice,” he says, adding that one thing he asks of his staff is to make an emotional connection with every table.
At fried chicken eatery Bird Bird, employees are given a stack of shot glasses and told to hand out free shooters on busy Friday nights.
“What we are trying to create is an atmosphere of generosity. It’s not like we are going to strip you of every dollar you have. In fact, here is something free,” he says, describing the move.
“When you do that, people become better friends. It’s much more than the product, it’s the delivery, the atmosphere, the energy – everything else.”
Having happy staff is what he hopes will give him an edge – which is crucial now, a time he calls “the breaking point” in the service industry.
“We have pushed ourselves to the point that the bubble has burst. How many shops and restaurants can Singapore sustain? How much can someone eat and buy? I think we have gone beyond the breaking point,” he says, adding that businesses have definitely been affected.
“We cannot reverse the fact that we just have too many shops and restaurants. Now, the only way to survive is to find a way to take someone else’s piece of the pie.”
5. Support home-grown shops
Singaporeans can help the retail scene by giving new brands and styles a chance, says artist Woon Tien Wei.ST PHOTO: MARCUS TAN
What ails Singapore’s retail scene is that it is just “too safe”, says home-grown artist Woon Tien Wei.
The curator of Post-Museum, an independent cultural and social space in Rowell Road, says he sees this on all fronts – consumers are too cautious and so are retailers and landlords.
The result is a bland retail destination flooded with duplicate stores from major brands, with sparing content from home-grown designers and few unique offerings.
“We are too safe. Shoppers shy away from exploring new styles, new brands,” says the 41-year-old.
“They stick to the tried-and-tested, the mainstream brands. People should go to a different neighbourhood, see what others are doing.
“It’s like in the arts, people go to big, loud, mainstream events such as the Night Festival. But in such a space, you won’t get to experience the more quiet works. Give them a chance too. Are we watching only blockbuster movies? These are of a cookie-cutter format. What about alternatives? The same can be said about fashion.”
Being nationalistic, he says, should not be just about putting up your flag once a year.
He points out, for instance, that Singapore niche retailers in the books industry – such as Books Actually, Grassroots Book Room and Select Books – would find it hard-pressed to grow.
“I would like to see them grow and become good, big bookstores, like retail bookstore chain Eslite in Taiwan, which has become an institution, a purveyor of culture,” he says.
“I don’t see that happening here. Consumers think of book stores as a sunset business.”
He adds: “There are genuine people out there doing good, honest, solid business and we should get to know them and support them for what they do.”
When consumers shy away from the new and different, it affects retailers, he says.
“They stick to what they know will work and will ensure their survival. They stop imagining,” says Woon, pointing out that even hipster stores in Haji Lane are starting to follow a formula, offering similar clothing and the same bare-essentials decor.
“They will always have the Kinfolk magazine and the Flying Pigeon bicycle,” he says, referring to the hip indie magazine and the retro bicycle brand.
Landlords, too, have this mindset, preferring to take the easy way out by bringing in brands with a good track record: flagship stores of major brand names and luxury maisons.
Rents are also high, a huge challenge for fledgling brands.
“Malls think, I bring an H&M in here, a Uniqlo there – it will work,” he says, adding that prominent spaces in malls tend to be leased to tenants who can pay the most.
“Singapore brands go to less prominent spaces because they cannot afford the rent.
“And with a population that may not seek them out and having no money to advertise, well, it’s just a vicious circle.”
6. Help shoppers hone their style
Fashion stores should curate accessories that complement their products to enhance the shopping experience, says Ms Neo Lirong.
Shoppers these days want to make a statement.
“Retailers should help us do that,” says Ms Neo Lirong, 29.
The freelance fashion stylist mostly shops overseas, at second-hand stores in Omotesando, Japan, or at the wholesale centres in Dongdaemun, South Korea.
These areas, she says, “speak” to her – a feeling that she does not get here.
“Over there, I go from shop to shop and I find something I want in every one. It’s almost like the items have been curated to suit my style,” she says, adding that each area attracts certain shops based on the district’s personality.
Shopping in Singapore, on the other hand, is just “not here, not there”, she says.
“Every mall is so formulaic. It wants to appeal to everyone – there is a movie theatre, something for kids, a supermarket, a foodcourt,” she says, adding that she turns to online fashion stores such as Asos for “the basics”.
“It’s boring in Singapore, there is no vibe. Why would I take the time to go out and shop when I can get everything I want so conveniently online?”
She describes her style as street and rock chic, an image she feels projects her carefree and relaxed personality.
To achieve her look, she picks mostly monochrome colours spiced up with a statement piece – a pair of Gucci fur-lined loafers, for instance, or a studded leather jacket, or a vintage bag.
Occasionally, she throws on a hat or her favourite item, a pair of Adidas sneakers.
“Shoppers like me, we want to stand out from our peers. Dressing up, to me, is about mixing items and making a statement,” she says. “It’s not really about specific brands anymore.”
The bachelorette, who styles Mediacorp artists such as Chen Liping and Rui En, hopes retailers here can help her hone her style.
She suggests they curate accessories or shoes that may complement items in their collection, or have a stylist on site to give tips to shoppers.
Subscription boxes – where shoppers pay a fixed amount each month for a bumper box of fashion items – may also be a good way for businesses to snag her as a loyal customer.
“I may not like every item in the box, but you are giving me new ideas,” she says. “And that’s a real bonus.”
The Changi Airport Group (CAG) reports that passenger traffic on Chinese and Korean routes proved to be ‘particularly strong’, with plus-7% in both instances.
CAG also described traffic numbers more generally as ‘relatively steady’, while pointing out that that this comparison with the same period least year obviously factored in Singapore’s Golden Jubilee celebration and its many activities. This included a four-day extended weekend with a registered traffic increase in August 2015 of +6.6%.
Meanwhile, CAG reports that August was still the second busiest month for Changi Airport so far this year in second place behind July’s passenger total of 5.18m..
MORE REPRESENTATIVE INDICATOR?
Perhaps the more representative traffic figure for the airport, considering the single month August 2015 ‘distortion’ was the first eight month period this year, however. As such, Changi registered 6.5% more passenger movements, with growth underpinned by Southeast Asia (+8.9%) and Northeast Asia (+10.5%) traffic.
CAG added: “As at 1 September 2016, more than 100 airlines operate at Changi Airport, connecting Singapore to some 330 cities in about 80 countries and territories worldwide. With more than 6,800 weekly scheduled flights, an aircraft takes off or lands at Changi roughly once every 90 seconds.”
On the retail side, CAG is also still running its Shop and be a Millionaire promotion, offering passengers who spend S$50 ($37) at the airport – or with iShopChang.com a chance to win the S$1,000,000 ($734,000) grand prize. This continues to be the single most successful promotional event ever run by the Changi Airport Group.
South Korea’s department store sales rose for a third straight month in August thanks to widespread discounting ahead of a major public holiday this month, government data showed on Thursday.
Combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 4.1 percent on-year, data from the Ministry of Trade, Industry and Energy said.
This followed a 7.0 percent jump in July.
Sales of all individual categories at department stores rose in August, with the exception of men’s clothing.
The same data showed August sales at discount stores fell 1.3 percent from a year ago after rising for two months previously. In August, sales rose 2.1 percent.
The decline was attributed to a 14.8 percent slump in sports-related goods as the unusually hot summer weather this year discouraged customers from seeking them out, the monthly report said.
Online open market sales growth at websites owned by eBay Korea Co Ltd and others slowed slightly to 22.4 percent in August from 31.2 percent in July.
Retail sales overall in August mainly saw demand for household electronics like air conditioners and gifts ahead of the Chuseok holiday season, the data said.
Honda Motor Co Ltd said on Wednesday that the driver-side airbag inflator ruptured during a fatal crash in Malaysia, in the fourth death this year in the Southeast Asian country linked to airbags from supplier Takata Corp (7312.T).
The incident on Sept. 24 took place in Johor, a state in southern Malaysia, and involved a 2009 Honda City. The car was part of a product recall announced by Honda in June last year, that required the replacement of the Takata driver’s front airbag, the company said in a statement.
No details of the victim were provided.
Honda said it had confirmed with Malaysian police during an inspection that the Takata single stage driver’s airbag inflator had ruptured in the crash, but said the official cause of death had not been determined.
The passenger’s airbag inflator did not rupture, Honda said.
Takata could not immediately be reached for comment outside regular business hours.
Honda recalled more vehicles in Malaysia earlier this year to replace air bag inflators, as part of a global recall involving potentially deadly air bags from supplier Takata.
Driver-side inflators supplied by Takata ruptured in three other fatal crashes involving Honda cars in Malaysia earlier this year.
Takata’s defective air bag inflators have been linked to at least 14 deaths globally so far and more than 100 injuries, and sparked the largest-ever auto recall.
About 100 million Takata air bag inflators have been declared defective worldwide. In the United States, nearly 70 million inflators have been declared defective.
According to Maersk, which already has a reefer fleet of more than 270,000 containers, some of the new ones will be used as replacements while the rest will be used for expansion.
“We continue to invest and modernize our reefer fleet to include the latest technologies in supply chain visibility and cargo care,” said Shereen Zarkani, head of reefer management at Maersk Line. “With the new equipment we will offer even stronger products across the reefer portfolio – enhancing transparency and care to our customers’ perishable products across Maersk Line’s extensive network.”
The new reefers will offer enhanced data visibility and care to customers.
The investment will lower the average age of the line’s reefer fleet to 7.9 years, according to Maersk.