Category: Living

Retail News Asia is committed to providing both local and global retailers with the latest Living news throughout the Asian market. This on a daily base.

  • Zen retail: China’s new boom category

    Zen retail: China’s new boom category

    The unprecedented growth in the number of Buddhists on the Chinese mainland over the last 30 years has spurred strong demand for related merchandise.

    With China’s Buddhist population traditionally concentrated in the southern regions, the country’s first sizeable International Buddhist Items and Crafts Fair was held in the southeastern coastal city of Xiamen in 2006. Spurred by this initial success and, more importantly, by the continued growth in the number of the country’s Buddhists, several similar exhibitions have since been held across the country, reports the Hong Kong Trade Development Council.

    The first edition of the Xiamen fair attracted many exhibitors from neighbouring Taiwan, including Tso Chin-yung, a representative of Kuan Hong, a Taiwanese religious arts company, which is a regular exhibitor at the event. The inaugural fair was held in a 6000 sqm venue and attracted nearly 200 exhibitors. Today, the Xiamen fair has become the bellwether of the Buddhist merchandise industry, as well as the preferred specialist platform for the mainland market. It now claims to be the world’s leading Buddhist merchandise marketplace.

    At the ninth edition, held last autumn, the exhibition covered 90,000 sqm, featured 5000 international-standard booths, and attracted nearly 1000 exhibitors from 11 countries and regions – including Taiwan, Hong Kong, Malaysia, Japan and South Korea.

    The event also drew more than 200,000 local and overseas visitors, as well as several buying missions. Other Buddhist-themed exhibitions have since been held in other parts of the country, including major fairs in Guangzhou, Wuhan, Nanjing, Hangzhou, Jinan, Qingdao and Dalian in 2014.

    Perhaps most significantly, Beijing hosted its first such event last December. The China (Beijing) International Buddhist Items and Supplies Expo, staged with the approval of the China Council for the Promotion of International Trade and organised by the China Council for the Promotion of Buddhist Culture, was seen as marking national recognition for the sector. It also underscored demand for Buddhist items expanding well beyond the southern regions.

    An HKTDC Research visit to the inaugural Beijing event saw first-hand the scale of the fair. Covering 30,000 sqm of exhibition space and attracting some 500 exhibitors, the event showcased a variety of Buddhist statues, prayer beads, books, incense and vegetarian menus, musical instruments, Buddhist attire and decorative items, as well as temple construction and interior design equipment.

    Kuan Hong’s Mr Tso attended this event, along with about 20 other Taiwanese companies, which occupied about 50 exhibition stands. According to Tso, the trade mission included many key players in Taiwan’s Buddhism merchandise industry, many of whom have since established mainland affiliates.

    Tso, who launched his temple construction projects in China in 1992, believes religious and economic development in society tends to be mutually supportive. A weak economy, he said, leads people to focus only on immediate material needs. With China experiencing exponential economic growth, he sees people’s spiritual pursuits becoming more diversified and widespread, inevitably resulting in increased demand for religious items.

    Despite a history dating back some 2000 years, the last 30 years has seen the fastest growth in the number of Buddhists on the mainland. About 18 per cent of China’s population now claims to be followers of the religion – some 185 million people. Among those identifying themselves as non-Buddhists, 31 per cent accept at least one tenet of the religion or have participated in a Buddhist religious activity.

    Chen Yanni, founder of the Liu Wei Zen (“Six Flavour Zen”) brand of Buddhist merchandise, believes that China’s Buddhist population – and its associated industries – has experienced “explosive” growth over the past three years. Citing Beijing’s famous Lama temple, Yonghegong, as an example, Chen says its visitor level has grown by about 20 per cent a year. She estimates China’s Buddhist merchandise industry is worth more than Rmb100 billion.

    Seeing the size of this potential market, Chen founded Blooming Lotus, a cultural and arts development company, to produce high-end Buddhist merchandise. The Liu Wei Zen series, for instance, has been designed to correlate with the six sensors associated with Buddhism; namely the eyes, ears, nose, tongue, body and mind. Her company’s products range from books and paintings, Zen music and incense, to Zen tea, attire and Buddhist journals.Despite the high demand for Buddhist items on the mainland, she said that most products are still targeted at the low-end of the market. She now hopes to develop high-end Buddhist brands, something she sees as the future market trend in China.

    One Nepalese exhibitor also sees potential in the higher end of the market. Selling Buddhist items in China for more than two decades, the exhibitor last year sold US$1 million worth of glazed Buddha statues and Thang-ka canvas paintings to mainland buyers. He now believes Chinese consumers have higher expectations of product quality, while also having greater faith in Nepalese products than domestically-made items.

    This concern over the lack of quality associated with domestically-produced Buddhist items was echoed by Master Xuan Lin from Changchun. Speaking to HKTDC Research, he said that mainland items tend to be of poor quality, especially those manufactured in northern China.

    According to Master Xuan, items from Taiwan and Japan are well-received among mainland Buddhists. Despite this, many of the higher quality items are not widely available on the mainland, with the sales channels still relatively undeveloped.

  • Ikea Malaysia confirms new store

    Ikea Malaysia confirms new store

    Ikea Malaysia is finally to open its second store – nearly 20 years after the Swedish brand debuted in the country.

    The new store will be 20 per cent larger than the existing outlet in Mutiara Damansara and is scheduled to open by December.

    Ikea Malaysia opened its first store at 1 Utama Shopping Mall in 1996. After seven years it moved to its own standalone location at nearby Damansara which, when it opened, was the largest Ikea in Asia.

    “We are excited to confirm that the Ikea store in Cheras, Kuala Lumpur, is set to open by the end of 2015, located at Jalan Cochran,” said Mike King, retail director

    of Ikea Malaysia, Singapore and Thailand.

    “The opening of Ikea Cheras is part of our overall expansion plan across southeast Asia in order to make Swedish home furnishings that are affordable, well-designed, functional and good quality available to everyone.”

    King said construction has already begun and the company is starting to focus on the interior fittings and operational setup of the store.

    Ikea in Malaysia, Thailand and Singapore is operated by Ikano Pte Ltd.

  • Levi’s saved 1 billion litres of water through sustainability initiatives

    Levi’s saved 1 billion litres of water through sustainability initiatives

    Levi Strauss & Co (Levi’s) has saved 1 billion litres of water since 2011 through its Water<Less process, which reduces the water used in garment finishing by up to 96 percent, the clothing company said on Wednesday.

    It has also released an update on it 2007 study that examined the environmental impact of Levi’s products – Product Lifecycle Assessment (LCA). The new study analysed the complete product lifecycle, probing deeper into the environmental impacts of cotton in key growing regions, apparel production and distribution in a range of locations, and consumer washing and drying habits in key markets.

    The study shows that of the nearly 3,800 litres of water used throughout the lifetime of a pair of jeans, cotton cultivation (68 percent) and consumer use (23 percent) continue to have the most significant impact on water consumption. Consumer care is also responsible for the most significant energy use and climate impact, representing 37 percent of the 33.4 kilograms of carbon dioxide emitted during the lifecycle of a jean. The new LCA expands on previous research to better understand the impact of cotton cultivation and includes data from the world’s primary cotton producing countries, including the United States, China, Brazil, India, Pakistan and Australia. It also analyses consumer care data from new markets, including China, France and the United Kingdom, to understand the costs and benefits of differences in washing habits.

    To reduce the impact of cotton consumption, Levi’s is working with the Better Cotton Initiative (BCI) to train farmers to grow cotton using less water. Based on the latest BCI harvest data available, in 2013, cotton farmers in China reduced their water use by 23 percent compared with farmers who were not using BCI techniques. Levi’s plans to continue working with its global suppliers with the goal of sourcing approximately 75 percent Better Cotton by 2020, up from 6 percent today.

    The denim company will also continue to work toward using less water during manufacturing by expanding the Water<Less process to include more Levi’s products, such as tops. By 2020, the Levi’s brand aims to make 80 percent of its products using Water<Less techniques, up from nearly 25 percent today.

    The new LCA also reveals that Americans use more water and energy to wash their jeans than consumers in China, France and the UK It shows that consumers in China wear their jeans, on average, four times before tossing them into the wash – and if American consumers did this, they could reduce the water and climate change impact from washing their jeans by 50 percent.

    “It’s time to rethink autopilot behaviours like washing your jeans after every wear because in many cases it’s simply not necessary,” said Chip Bergh, CEO and president of Levi’s. “Our LCA findings have pushed us as a company to rethink how we make our jeans, and we’re proud that our water stewardship actions to date have saved 1 billion litres of water. By engaging and educating consumers, we can fundamentally change the environmental impact of apparel and, ideally, how consumers think about the clothes they wear every day.”

  • FamilyMart in talks to buy Cocostore

    FamilyMart in talks to buy Cocostore

    FamilyMart Co. is in talks to buy Cocostore Corp., which operates convenience stores in central and western Japan, sources familiar with the matter said on Friday.

    FamilyMart, Japan’s third largest convenience store chain, recently announced it is negotiating with the smaller rival operating Circle K Sunkus stores, Uny Group Holdings Co., in an attempt to obtain the number two position behind industry leader Seven-Eleven Japan Co.

    If the integration is realized, FamilyMart’s acquisition of Cocostore will add momentum to moves toward the reorganization of the domestic convenience store industry.

  • Muji moves on Sydney

    Muji moves on Sydney

    Japanese lifestyle retailer, Muji, has confirmed it will open its first store in Sydney.

    This will be the third Australian store for Muji, adding to its two locations at Chadstone shopping centre and Emporium in Melbourne.

    Retail News understands the store will be located at The Galeries shopping centre in Sydney’s CBD, replacing the former Freedom site, and will open by May.

    Dubbed “Japan’s answer to Ikea”, Muji stocks a range of categories from men’s, women’s, and children’s apparel and accessories; furniture and homewares; skincare products; stationery; and travel goods.

    The retailer is owned by Tokyo-based company, Ryohin Keikaku, and has more than 600 stores, including more than 200 international stores in Britain, France, the US, China, Taiwan, Thailand, Germany, Sweden, and Italy.

    Muji first launched in 1980 with a range of nine household products and 31 foods. Today, it sells more than 5000 products in Japan.

  • Spotlight Malaysia opens second store

    Spotlight Malaysia opens second store

    Australian fabric, craft, party and home and living superstore Spotlight has opened its second store in Malaysia.

    The new stores is in the IPC Shopping Centre, Mutiara Damansara in Petaling Jaya, near Kuala Lumpur. It follows one in Ampang Point, Kuala Lumpur, which opened last July.

    Spotlight Malaysia 7-315.

    The store offers 2000sqm of retail space, and stocks 70,000 products in six categories: home furnishings and decor, bedding, dress and fashion fabrics, crafts, hobby and party essentials.

    Spotlight Malaysia 315

    Spotlight GM Juno Gelfand said the expansion to the IPC mall was part of Spotlight’s philosophy “to be able to offer more neighbourhoods the largest possible choice of fashionable and affordable products”.

    Spotlight Malaysia 6-315.

    “We know too well the inconvenience of searching far and wide, running from store to store just to find that one (or more) beautiful decor piece.

    Spotlight Malaysia 4- 315.

    “Here, with all-time popular home essentials and seasonal selections of products for every room of the house available under one roof, we are certain that sprucing up the home will be less stressful and hassle-free,” he said.

    Spotlight Malaysia 3- 315.

    Spotlight Malaysia 2- 315.

    “Think of it as a pit-stop whenever you are preparing for a party, breathing new life into your home interiors, or pursuing your hobbies.”

    Spotlight Malaysia 5- 315.Spotlight Malaysia 1 - 315.

    Spotlight is targeting home decorators, dressmakers, hobbyists and DIY enthusiasts as well as party organisers.

  • Tag Heuer latest luxury brand to tweak prices on forex

    Tag Heuer latest luxury brand to tweak prices on forex

    Tag Heuer, French luxury group LVMH’s biggest watch brand, said on Wednesday it planned to freeze prices in some markets while it cuts them elsewhere in a move to balance out the impacts of the recent jump in the Swiss franc.

    Prices will drop an average 8 per cent in Switzerland, China, the United States, the Caribbean, and Central and South America, 7 per cent in the UK and 13 per cent in Hong Kong, but Tag Heuer said it would not raise prices in the eurozone, Japan or Singapore.

    “Tag Heuer is seizing the opportunity of the recent appreciation of the Swiss franc to rebalance its international price policy,” it said in a statement.

    The news follows a decision by French fashion house Chanel this week to hike prices in Europe and cut them in Asia to counter the euro’s decline and discourage customers from buying fakes, while Swiss family-owned watch brand Patek Philippe was reported to have already made similar moves.

    The Swiss National Bank’s surprise decision two months ago to abandon its longstanding 1.20 Swiss franc per euro cap caused the currency to surge to 0.86 per euro. The franc is currently trading at 1.064 per euro.

    The euro has lost almost a quarter of its value against the dollar in the last 12 months, meanwhile, including 12 per cent since the start of this year.

    “While price harmonisation is easier said than done and forex volatility tends to make things quite complicated, we believe the era of global, unique pricing in the industry is not that far-fetched nor that far away,” HSBC luxury analysts wrote. “Chanel and Patek are showing the way.”

    The analysts said they did not expect many other brands to increase prices significantly short-term in Europe “as there is a risk of alienating what little is left of local European consumer interest”.

    However, they expected most moves to come in Asia, “with likely further brands trimming in Hong Kong and in mainland China, but also likely increasing prices in Tokyo”.

    Patek Philippe did not immediately respond to an email seeking comment.

  • Singapore: world’s most expensive city

    Singapore: world’s most expensive city

    Singapore has again been ranked the world’s most expensive city to live in, and now the only Asian city in the top five.

    The rankings are contained within The Economist Intelligence Unit’s Worldwide Cost of Living Survey, a relocation tool that compares the cost of living between 133 cities worldwide using New York as a base city.

    Singapore leads for the second year running, the unchanged top five made up by Paris, Oslo, Zurich and Sydney.

    But The EIU says that despite topping the ranking, Singapore still offers relative value in some categories. For basic groceries, Singapore is only 11 per cent more expensive than New York, but it is the joint most expensive place in the world alongside Seoul to buy clothes.

    The malls of Orchard Rd offer a price premium more than 50 per cent higher than New York.

    Most significantly, Singapore’s complex Certificate of Entitlement system makes car prices excessive, with Singaporean and transport costs almost three times higher than in New York.

    Tokyo, which was replaced as the world’s most expensive city only last year, has fallen to 11th place as low inflation and a weak Yen take their toll. Seoul is rising quickly up the rankings: 50th five years ago, it has now made the top 10.

    Karachi in Pakistan and Bangalore in India offer the best value for money. Indian cities make up four of the six cheapest. Structurally low wages and price subsidies on some staples have made for a highly price sensitive market and it seems that falling oil prices will add further weight to this.

    “The situation of an unchanged top five is very rare for the Worldwide Cost of Living Survey and disguises some significant global drivers that are impacting the cost of living everywhere,” said Jon Copestake, chief retail & consumer goods analyst at EIU and editor of the report.

    “In fact, a look at the data six months ago would have shown a different top five, and things are changing quickly, especially with the fall in oil prices. Rebasing the survey to today’s exchange rates would put Zurich top, highlighting how fluid the global cost of living has become.”

  • Mega Home looks to borders in Thailand

    Mega Home looks to borders in Thailand

    Thailand’s Mega Home Center Co, the chain seller of home and construction materials, is keen to expand its branches in border provinces to cash in on flourishing border trade and special economic zone activity.

    Supornsri Naktanasukanjn, the company’s chief operating officer, said it aims to open 20 branches by 2018, including four this year with an investment cost of THB400-500 million (USD12.3-15.4 million) per location.

    Founded in late 2013, Mega Home operates four stores in Pathum Thani’s Rangsit, Tak, Nong Khai and Chon Buri. A fifth store in Prachin Buri’s Kabin Buri is scheduled to open in May. New stores in Min Buri, Bangkok and Sa Kaeo’s Aranyaprathet will open in August and October, respectively. The eighth store is being planned.

  • Kate Spade plans furniture future

    Kate Spade plans furniture future

    The luxury apparel retailer has announced four new licensing agreements – for bedding, bath, wallpaper, rugs, furniture and household items, according to a report on Bloomberg.

    In the first year, Kate Spade aims to sell US$100 million to US$150 million worth of the new lines, representing a fraction of its total turnover. But if it makes target in the year it will encourage a broader international rollout of the new categories, and further expansion of the range.

    “The breadth of our home décor line will feature products at all access points in both pricing and distribution from an $8 notebook to an $8000 piece of furniture,” Kate Spade CEO Craig Leavitt said.

    Bloomberg opines the move would make Kate Spade more like Ralph Lauren, and differentiate it from other fashion rivals like Coach, Michael Kors and Tory Burch “which don’t sell couches”.

  • Xerjoff perfume makes Singapore debut

    Xerjoff perfume makes Singapore debut

    Luxury Italian perfume brand Xerjoff has made its southeast Asian debut at Fragrance Du Bois’ Singapore flagship boutique in the Fullerton Hotel.

    Founded in 2004, the Turin-based Xerjoff perfume house is expanding its worldwide presence.

    “We are thrilled to be in Singapore to showcase our finest and exclusive perfumes under Fragrance Du Bois,” said Sergio Momo, Xerjoff’s founder and creative director.

    “I believe Fragrance Du Bois shares important principles with Xerjoff in the universe of artistic perfumery. It is extremely important for Xerjoff to be represented by dedicated partners who can introduce and support the philosophy of our brand.

    “Additionally, Singapore is one of the trendiest fashion capitals in the world, and we believe this will be a gateway for many opportunities in the region.”

    Fragrance Du Bois -315

    Nicola Parker, brand director of Fragrance Du Bois, said Singapore is only the first stop.

    “Xerjoff will be available in all our flagship boutiques, outlets and fragrance lounges around the word in the coming weeks. We pride ourselves in giving all our customers a luxury experience in fragrance, each and every time they walk into our boutiques or lounges.

    “This partnership with Xerjoff will further enhance that experience.”

    At the heart of the Xerjoff brand and all of its creations, is a combination of traditional perfumery (dating back hundreds of years), and modern, handcrafted bottles. Sergio Momo’s inspiration is derived from his Italian roots, and his dedication to a time-honoured craft has led to the formulation of some of the most memorable and original fragrances currently on the market. Momo’s empathy and understanding of the natural world has also played a part in the overall aesthetic, with a combination of precious and semi-precious hand cut stones, quartz, Murano glass, wood, brass, bronze, gold and leather, taking roles in the succession of masterpieces.

    Fragrance Du Bois 315

    Working with Fragrance Du Bois, Xerjoff has dedicated two collections to the mystical and enigmatic Oud oil – both presented in beautifully crafted crystal bottles. Sourced from Laos, Indonesia, Thailand, India and Cambodia, the Oud-inspired creations are capturing the imaginations of fragrance enthusiasts worldwide.

    A selection of Xerjoff’s luxury fragrances will also be available in Du Bois’ second flagship boutique in Kuala Lumpur, Malaysia, within a matter of weeks.

    Fragrance Du Bois has exclusive fragrance lounges in Dubai, Hong Kong, Thailand, Malaysia and Singapore.

  • 361 Degrees turnaround

    361 Degrees turnaround

    Chinese sports brand 361 Degrees International has defied China’s sportswear glut and posted a nine per cent increase in sales and a 105.6 per cent increase in profit for 2014.

    361 Degrees is one of the leading sports brand enterprises in China, designing, manufacturing, distributing and retailing footwear, apparel, accessories and equipment for sport and leisure through 7319 franchised stores and authorised distributors across China.

    Group turnover was subdued because the bulk of orders were taken in the previous year when the prevailing sentiment remained weak in the face of the industry’s inventory glut.. The company said the rise in operating profit was primarily due to a fully justifiable write-back in impairment provision as a result of a vastly-improved control on trade debtors, “and a generally well-balanced oversight on most of the key operational issues”.

    “There was a general improvement in volumes for all the product groups and despite a reduction in wholesale prices which became effective in the year, average selling prices were on an upward trend. This augurs well for the future as product differentiation and price segmentation become increasingly important in what is still a highly competitive industry.”

    Gross profit margin improved by 140 basis points to 40.9 per cent, as the group juggled between in-house production and OEM sourcing for the best results and higher productivity in the in-house apparel unit also contributing.

    “As there is still an over-capacity in the OEM manufacturing sector, there are good reasons to believe that this level of profitability can still be maintained in the foreseeable future,” the company said.

    The company’s 361° Kids unit reported a 20.7 per cent increase in revenue, buoyed by an improvement in both volume and average selling prices, as it sets a new benchmark in the industry with the launch of ‘Smart’ shoes.

    Over the last three years when the industry has been in the doldrums with the overhang of inventories resulting in severe discounting, the Group has quietly implemented a rack subsidy scheme to help retailers improve the store image and shopping experience. In 2014, the Group accelerated on this promotion, bringing a further 2125 stores into full compliance with the latest corporate and operational standards, which resulted in a charge of RMB214.1 million, up 25.6 per cent from the previous year.

    The company achieved a substantial improvement in credit control: as at December 31, over 62 per cent of the trade debtors are within 90 days (2013: 49 per cent) with none over 180 days (2013: RMB192 million).

    Almost all of the 7319 franchised stores are now re-fitted with a new rack display merchandising system and many of these stores operate as 3-in-1 outlets, offering the full complement of the group’s lines: 361° Sport, 361° Kids and Innofashion, the group’s casual sub-brand.

    “Foot traffic has reportedly been much better in such stores and with the adjustment in the product pricing mechanism, many retailers could now operate profitably.”

    Looking forwards, the group said it is confident that despite a slowing economy in China, the fundamentals of the sportswear industry have never been better, “particularly as the Central Government is resolute in its reforms to encourage a fitter and healthier society and to drive domestic consumption as an engine for sustainable growth”.

    “With a strong order book on hand for 2015, and a good pipeline of value-for-money products, the board is confident of another strong year of earnings.”

  • Ikea drives Hero Indonesia outlook

    Ikea drives Hero Indonesia outlook

    Hero Indonesia, the supermarket and healthcare retailer, is looking to Ikea to boost its fortunes after a disappointing 2014.

    The retailer, 81.9 per cent owned by Hong Hong based Dairy Farm International, has reported a 14 per cent increase in net revenue and nine per cent increase in gross profit. But weak like-for-like sales in the core supermarkets division delivered an “underlying operating loss” of 12 billion IDR (US$925,181) and an “underlying profit” of IDR20 billion ($1.542 million).

    “Challenging conditions are expected to continue in the food business in 2015, although action is being taken to address weaknesses and improve profitability,” President director Stephane Deutsch said in a statement.

    “Nevertheless, the successful opening of the first Ikea store (in October at Alam Sutera) and the continuing profitable development of Guardian provides reason to remain cautiously optimistic about the trading outlook for the year ahead.”

    He said, despite the challenges in the food sector, Hero Indonesia’s health and beauty business experienced good growth with 22 additional stores opening, and early trading results from Ikea were “very encouraging”.

    Group overheads were higher, with electricity increases and a rise in the minimum wage negatively impacting on the business, together with a large store network.

    Deutsch said like-for-like sales in the food business were weak, particularly in the Giant Ekspres operations, and new stores did not perform as well as expected.

    “In the food operations, there is an increased focus on fresh produce and market share continues to improve. Action is also being taken to improve the supply chain with additional distribution centres enabling increased centralisation, rather than having suppliers delivering direct to the stores,” he said.

    The Giant Ekstra hypermarket operation delivered above market like-for-like sales growth which enabled it to absorb the increase in operating costs and maintain its profitability. Giant Ekspres, the supermarket banner, faced a challenging year. Disappointing like-for-like sales, higher utilities costs and minimum wages led to a material deterioration of the profitability of its operations. The upscale format, Hero Supermarket, continues to focus on improving its offer across the fresh, imported and exclusive ranges to provide a more distinctive choice and grow customer appeal.

    “Starmart’s increased focus on Ready-to-Eat has had a positive impact on sales in the stores where this offering has been introduced. A store portfolio optimisation program was launched to address loss making stores, with the closure of 30 stores to improve the overall profitability of the banner. A detailed review of this business is currently being undertaken.”

    Hero’s Guardian store expansion program is progressing well alongside the rollout of a fresh brand look, said Stephane.

    “A dedicated distribution centre was opened to support its supply chain. In addition, a strategic partnership is under trial with a local pharmacy operator, Melawai Pharmacy, in Jakarta to combine their local pharmacy strengths with the broader health and beauty offering of Guardian.”

    Meanwhile, the new Ikea store attracted more than 75,000 customers per month since opening. “The contribution from IKEA to PT Hero’s full-year result was affected by the limited trading period and pre-opening expenses, but this business is expected to contribute positively in 2015.”

    The company is continuing to invest in the supply chain infrastructure, including distribution centres and IT systems, to provide the support necessary to deliver a superior customer offer and to provide a compelling shopping experience for customers.

    Hero opened 22 net new stores in 2014, including four Giant Ekstras, seven Hero Supermarkets and Giant Ekspres, 33 Guardians and the Ikea. This was offset by a net reduction of 23 Starmart outlets. As at December 31, the company operated 704 stores: 55 Giant Ekstras, 165 Hero Supermarkets and Giant Ekspreses, 349 Guardians, one Ikea and 134 Starmart convenience stores.

  • Kingsdown China plans 500 stores

    Kingsdown China plans 500 stores

    Mattress maker Kingsdown has entered into a partnership which will see it open 500 new stores in China over the next five years.

    Kingsdown already operates more than 90 MySide / Sleep to Live retail outlets in China, through a licensee and franchise network.

    But its new partnership with Roth Bedding Technology will substantially expand its brand awareness and retail points of sale. Roth will manufacture the bedding and furniture products in China and they’ll be sold under the Kingsdown brand.

    About 65 stores will open initially this year, with two already trading. The roll-out will be ramped up from next year.

    “We have enjoyed a fantastic reception in China over the past few years but saw an even greater opportunity to really capture the country’s luxury consumer,” said Kingsdown president and CEO Frank Hood.

    “This partnership with Roth Bedding is the boldest relationship ever entered into by our company and we are thrilled to have found an organisation that enjoys an equally ideal reputation for their attention to detail, high quality and service.”

    Roth Bedding GM Jie Du says his company believes there is a big opportunity to sell high end bedding into the Chinese market.

    “The company’s focus on styling, quality and groundbreaking research to deliver a more luxurious night’s sleep is a differentiator that will be appreciated by our consumers.”

    North Carolina, US, based Kingsdown was founded in 1904 and besides his US home market, where it has two manufacturing bases, it sells into Australia, Brazil, Canada, China, England, Indonesia, Italy, Malaysia, Taiwan, Turkey and the UAE.

    “We are not the biggest mattress company in the world, nor do we have the loudest voice,” the company declares on its website. “While other companies are preoccupied with getting bigger and louder, we are hard at work holding true to our guiding principle: We make the smartest mattresses in the world.”

  • Ikea reveals wireless charging furniture

    Ikea reveals wireless charging furniture

    Ikea is to launch a range of furniture which will allow consumers to charge phones and other devices wirelessly.

    The Swedish retailer says wireless charging furniture will be available in Europe and North America this April, followed by a global rollout.

    Bedside tables, lamps and desks will be fitted with Qi technology that eliminates cables and makes it easier to stay connected with always-charged mobile devices.

    The announcement girds support for Qi – the leading global wireless charging standard from the Wireless Power Consortium, a group of companies developing wireless charging technology which includes Belkin, Haier, HTC, LG, Microsoft, Motorola, Nokia, Panasonic, Samsung, Sony and ZTE.

    “Ikea is delivering on its vision of making life at home better with this innovative, stylish and useful new collection that show consumers the beauty and simplicity of wireless charging,” said Menno Treffers, WPC chairman.

    “We applaud Ikea for its insight and unique passion for making wireless charging affordable and simple for consumers.”

    Qi is the most widely deployed wireless power standard, available in 3000 hotels, restaurants, airports and public locations worldwide. There are now more than 80 Qi-enabled smartphones, 15 models of Qi-enabled cars and countless Qi mobile accessories in the market.

    “Our belief is that mobile phones are vital parts to people’s lives at home and their desire to stay connected, and Qi addresses an unmet need to keep devices powered,” said Bjorn Block, range manager for lighting and wireless charging at Ikea.

    “As a member of WPC, we value the access to the leading and most advanced global standard for wireless charging.”

    Established in 2008, the Wireless Power Consortium is an open, collaborative standards development group of more than 200 company members – large and small competitors and ecosystem partners, from all parts of the industry and all parts of the globe – collaborate for a single purpose: to design and evolve the world’s most useful, safe and efficient standard for wireless power. This global standard is called Qi, and it has become the world’s leading method for transferring electrical power without wires. Qi is designed into 80+ mobile devices, 15 models of cars, has more than 700 registered products that are enjoyed by more than 50 million users worldwide.