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  • Infrastructure to host Sail Tomini to be readied on time

    Infrastructure to host Sail Tomini to be readied on time

    The infrastructure necessary to host the upcoming international maritime event of Sail Tomini 2015 will be readied on time, stated Director General of Cipta Karya of the Public Works and Housing Ministry Andreas Suhono.

    “The supporting infrastructure for hosting Sail Tomini is 90 percent ready, and it will be completed on time,” Suhono noted in a written statement here on Tuesday.

    According to Suhono, the yard for hosting Sail Tominis main event and the infrastructure for providing accommodation to tourists are almost ready and expected to be completed on time.

    He pointed out that the basic infrastructure for providing accommodation includes wastewater infrastructure, integrated sanitation infrastructure, and a communal wastewater treatment plant through a community-based sanitation program, an integrated waste treatment plant, a primary drainage system for special areas, and a water supply system.

    Parigi Moutong Deputy District Head Badrun Nggai remarked in Palu, Central Sulawesi, recently that the construction of infrastructure and facilities for hosting Sail Tominis main event in Parigi Moutong district was 90 percent complete.

    “The construction of facilities and infrastructure for hosting Sail Tominis main event on September 19, 2015, is 90 percent complete,” Nggai remarked last Saturday.

    He noted that all work will be accelerated and completed on time.

    The main event of the international maritime event of Sail Tomini will be attended by President Joko Widodo and some 10 thousand guests.

    Central Sulawesi Governor Longki Djanggola emphasized that Sail Tomini is an international maritime event organized to promote tourism in Central Sulawesi province, situated in the heart of the island of Sulawesi.

    The governor stated that the success of Sail Tomini is expected to boost tourist visits to various attractions in Central Sulawesi and to increase foreign exchange earnings for the country.

    Therefore, he urged the public to participate in supporting the smooth operations, security, and success of the event.

    “Let us all work together to maintain security and order, so that this important event can run smoothly and successfully,” the governor remarked.

  • Super Delivery concept launches in Japan

    Super Delivery concept launches in Japan

    An eCommerce venture relaunched in Japan this week claims to be the world’s largest wholesale website.

    Super Delivery, launched domestically by Raccoon Co back in 2002, offers apparel and general merchandise produced or developed in Japan for supply to 134 countries. This week it opened to the world.

    It has launched with some 400 manufacturers displaying more than 100,000 items for sale on the website. More than 930 shops and companies are  registered with the eCommerce marketplace as buyers.

    Among products being sold on the portal are numerous traditional Japanese handicrafts. Echizen Shikki Kyodo Kumiai (Echizen lacquerware cooperative association) in Sabae, Fukui Prefecture, which deals with lacquerware products that have a history of more than 1500 years, will sell  over 1000 items, mainly bowls and dishes.

    Those who use the Super Delivery service can confirm the wholesale prices of products after they register themselves with the website as members, and can pay for products they buy by credit card or electronic money transfer.

  • ‘Trust us’ urges Alibaba.com

    ‘Trust us’ urges Alibaba.com

    Chinese internet giant Alibaba.com has enhanced its vetting of suppliers to boost confidence with its online customers.

    The company says it is adding new features to service designed to reassure buyers – many of them retailers in North America and Europe – that they can trust the sellers offering merchandise on Alibaba.com.

    The Alibaba Trade Assurance program, introduced in January, has been limited to transactions completed via bank transfers, but will soon also cover purchases made with credit cards, Sunny Chhabra, a US-based global marketing and business development executive with Alibaba.com, told delegates to a conference in Las Vegas.

    In addition, the program, which until now will only covered Chinese suppliers selling on the business-to-business Alibaba.com platform, will be extended to other manufacturers and distributors in other countries. India will be the next country added, he said.

    Already 54,000 Chinese suppliers, or about half the number that offer to fill bulk orders on the Alibaba site, participate in Alibaba’s Trade Assurance program. An Alibaba subsidiary called OneTouch vets companies that wish to participate. If a buyer purchases from a participating supplier Alibaba will refund the buyer’s deposit, up to a specified amount, if the goods are not delivered on time or are not of the quality specified.

    “If the supplier is at fault, the buyer gets their money back, Chhabra said. “You’ll be covered by Alibaba. We’ll go after the supplier to recoup our losses.”

    To receive compensation for poor quality, he noted, the buyer will have to engage a service that inspects the goods, either at the factory or at the buyer’s warehouse.

    Buyers now can filter suppliers at Alibaba.com by those participating in Trade Assurance. When a prospective buyer hovers over a participating supplier the amount Alibaba will guarantee appears. That amount varies based on feedback from buyers. If a supplier gets good reports from customers then Alibaba gradually increases the amount it will guarantee.

    When a retailer or other buyer purchases from a participating supplier, the two parties sign a contract on Alibaba.com and the purchase is completed on the site. That’s a departure for Alibaba.com, which, since its introduction in 2003, has served as a way for retailers, wholesalers and other bulk buyers to find mainly Chinese suppliers, but has never been a transactional site. One of the advantages for Alibaba is that now that transactions are completed on the site the Chinese eCommerce giant for the first time gets accurate information about what products companies are buying and how much they are paying, Chhabra said.

    Alibaba executives also said the company has begun allowing some foreign suppliers to sell on 1688.com, a site that until now has enabled Chinese retailers and other companies to buy from Chinese suppliers.

    Alibaba reported that its revenue from international wholesale transactions, mainly Alibaba.com, totaled $201 million, six per cent of revenue and a 12 per cent year on year increase. Revenue from domestic wholesale, mainly 1688.com, was $161 million, five per cent of revenue and a 41 per cent increase over the same period a year ago.

    The bulk of Alibaba’s revenue, more than $2.5 billion, came from its huge online marketplaces in China, primarily Taobao, where some 8.5 million sellers offer products in a wide-open online bazaar, and the more brand-friendly Tmall, which features products from such major Western companies as Nike, Apple, Burberry and Juicy Couture.

    Those Chinese marketplaces, which together account for roughly 80 per cent of online retail sales in China, accounted for 78 per cent of Alibaba’s revenue in the quarter.

  • Roll Mafia plans India roll-out

    Roll Mafia plans India roll-out

    An Indian quick service restaurant concept Roll Mafia has raised $151,000 in seed funding to commence a roll out in major Indian cities.

    Parent SLS Cuisines India plans 50 restaurants in six cities by March next year after attracting investment from Singapore’s Equentia Natural Resources and a group of private investors.

    Roll Mafia currently operates eight outlets in Pune and three in Patna, cooking and selling Indian food such as Kathi Rolls and Dum Biryani.

    “We are looking to open 50 more outlets in Mumbai, Chandigarh, Baroda, Bangalore, Delhi and Gurgaon by March 2016,” said Varun Sahay, co-founder of Roll Mafia.

    The new outlets will boost its workforce from the current 70 to around 250.

    Roll Mafia was founded in 201 by brothers Varun and Vishal Sahay. It provides delivery in some market, via an online portal, as well as takeaway and dine-in facilities.

  • Coach Singapore opens next gen store

    Coach Singapore opens next gen store

    Coach Singapore has unveiled its new generation store on Orchard Rd in the Wisma Atria shopping centre.

    The New York-headquartered brand describes the new store format as its “next generation retail concept”.

    So important is the new outlet to the brand, South Korean superstar Jay Park was flown in to preside over the launch party.

    Coach Wisma Atria Singapore

    The store, a refurbishment, features the full range of men’s and women’s lifestyle collections, and is the first by the brand to feature a counter providing complimentary personalisation services.

    “We are thrilled to unveil our modern luxury retail concept at the Coach Wisma Atria flagship store,” said Coach South East Asia and Oceania president Andrew Stanleick.

    Coach Wisma Atria 1

    “I believe the new incarnation of the Coach store that Stuart and William Sofield created will trigger a powerful change in the perception of Coach. It is sophisticated and refined, yet playful and authentic.”

    The new concept was developed by Coach executive creative director Stuart Vevers in cooperation with creative firm Studio Sofield. Coach says the design team sought to reinvent the Coach brand, drawing from a wide range of influences, placing a premium on contrasting textures and luxe materials.

  • Burger King Malaysia, Singapore sold

    Burger King Malaysia, Singapore sold

    Burger King Malaysia and Singapore has a new owner after previous franchisor Ekuinas sold out for US$18 million.

    Ekuiti Nasional Bhd (Ekuinas) has sold the operation to Newscape Capital (Newscape) with the agreement of BK Asiapac Pte Ltd, the master franchisor of the Burger King brand in the Asia Pacific region.

    Newscape is an investment company run by experienced retail operators Chua Tia Guan and Lee Thiam Wah. It successfully acquired the rights to Burger King in the two markets after a previous bid by Brahim’s Holdings Bhd was rejected by BK Asiapac in February.

    Abdul Rahman Ahmad, Ekuinas CEO, said the sale would place the Burger King brand with a franchisee with the financial strength and operational expertise to expand the brand’s operations.

    “This exercise has also enabled Ekuinas to successfully complete the restructuring of its F&B portfolio involving our exit from the Quick Service Restaurant (QSR) segment to fully focus and expand on the core Casual Dining and Beverage segments with brands such as Tony Roma’s, Manhattan Fish Market, New York Steak Shack, Coolblog and San Francisco Coffee,” he said in a statement.

    BK Asiapac president David Shear commended Ekuinas’ four year partnership and said the company looked forward to the opportunities working with Newscape.

  • Tim Ho Wan Bangkok opens

    Tim Ho Wan Bangkok opens

    Famous Hong Kong dim sum restaurant Tim Ho Wan has opened its first Thailand eatery – in downtown Bangkok.

    Tim Ho Wan Bangkok is located in the Terminal 21 shopping centre at Asoke. When it opened its doors this week it drew queues of hundreds of people eager to try the famous dim sum creations of founder Chef Mak.

    Affectionately referred to as “the world’s cheapest Michelin-starred restaurant”, Tim Ho Wan Bangkok is offering meals it says are even cheaper than at its original branch.

    The restaurant features a menu of 25 dim sum dishes, including the four most popular: baked bun with barbecue pork, pan fried radish cake, fluffy steamed egg cake and vermicelli roll with pig’s liver – all priced between 80 and 120 baht ($2.20 and $3.35).

    Chef Mak opened the first Tim Ho Wan in Mongkok in 2009, a small eatery with just 30 seats located in a virtual back alley. It was later awarded a one star Michelin rating.

    He launched the venture after turning his back on a career with a three star fine dining restaurant at the Four Seasons Hotel in Hong Kong called Lung King Heen.

  • Challenger Singapore shrugs off retail gloom

    Challenger Singapore shrugs off retail gloom

    Listed IT chain Challenger Singapore plans to open new stores this year as sales increase despite the city’s retail malaise.

    Challenger currently operates 45 stores in Singapore, a flagship megastore, 22 superstores and 22 small format stores. The company says it will continue to expand its retail footprint with three new stores planned for the second half of this year. Some stores which are not performing up to expectation will be downsized or closed when their current leases expire.

    Challenger Technologies, Singapore’s largest retailer of IT products and services, has reported a three per cent increased in second quarter sales to $84.7 million.

    It says sales were buoyed mainly by an increase in trade show activities as well as full-year operations for retail stores opened since the second half of 2014.

    These were partially offset by loss of revenue that resulting from its exit from Malaysia in the first half of last year.

    Net profit jumped 21 per cent to $3.5 million, boosted by reduced rental and operating expenses that resulted from the Malaysia exit.

    CEO Loo Leong Thye said although the company had improved its net profit, the IT retail business in Singapore continues to be challenging due to weak consumer spending power.

    “We also face higher operational costs and difficulty in hiring more staff to serve our customers to an expected level of satisfaction.”

  • Chinese medicines drive Zhongzhi growth

    Chinese medicines drive Zhongzhi growth

    Zhongzhi Pharmaceutical Holdings, which operates a network of pharmacies in the Guangdong province of China, has reported strong sales and earnings growth.

    Zhongzhi develops, manufactures and sells Chinese patent medicines, herbal remedies and food products sold under the core brands of Zeus, Liumian and Caojinghua.

    In the six months to June, the group achieved sales of RMB347.3 million, an increase of 20.6 per cent on the same period last year. Sales of ‘modern’ herbal remedies rose 44.5 per cent as a result of the group’s effort to expand its distribution and marketing network.

    “The continuous growth in the PRC pharmaceutical industry has been driven by favourable demographic trends, continuing urbanisation, the overall economy’s healthy expansion, and income growth which encourage greater public health awareness and consumption of pharmaceutical products,” the company said in its half year report.

    “The demand on pharmaceutical products will remain high and the related consumer expenditure is expected to increase year by year, which is beneficial to the further growth and development of the group. As such, it is anticipated that stable sales growth of our own-branded products in the PRC will continue in the near future.”

    In the year ahead, the company plans to expand its pharmacy network in the Guangdong province, boost its distribution network and expand its production capacity at the same time as putting more resources into researching new products and brand awareness marketing.

    Zhongshan has been operating chain pharmacies in Zhongshan under the Zeus banner for the sale of pharmaceutical products since 2001. As at June 30 it had 201 self-operated chain pharmacies in Zhongshan, five more than last year. Pharmacy sales increased by 15.9 per cent to RMB171.5 million for the six months, contributing 49.4 per cent of the company’s total revenue.

  • Connell Brothers Awarded Distribution Agreement by Graminex in Australia and New Zealand

    Connell Brothers Awarded Distribution Agreement by Graminex in Australia and New Zealand

    Connell Brothers (CBC), the largest specialty chemicals and ingredients marketer and distributor in Asia-Pacific, announced today that, effective September 1, 2015, it is appointed to manage the sale and distribution of Graminex(R)’s products in Australia and New Zealand, including finished goods and ingredients, such as flower pollen extract, saw palmetto and cranberry.

    The U.S.-based Graminex(R) is the exclusive grower and manufacturer of solvent-free Rye Grass Flower Pollen Extract(TM), and a leader in the international dietary supplement industry. Their products are sold in more than 44 countries on six continents. Graminex’s vertically integrated manufacturing ensures quality, consistency and efficacy of their products. CBC Australasia will represent Graminex(R) Flower Pollen Extract active ingredients, as well as the dietary supplements, primarily focusing on the areas of prostate, immunological and women’s health support.

    “We are pleased with our success promoting Graminex’s products in Taiwan, and look forward to maximizing similar marketing and distribution opportunities Australasia,” said Alex Grantz, regional manager, Food & Nutrition. “Our Food & Nutrition portfolio continues to grow in this region, allowing us to better serve our customers’ needs to differentiate their health and wellness product lines.”

    Cynthia May, CEO of Graminex(R) said, “Connell Brothers has a reputation of unmatched customer service and technical capabilities, including lab testing and product formulation. They have proven an efficient distributor for Graminex Products and I am confident that through their expertise and attention to product safety and quality assurance, they are the right distribution partner for Graminex in Australia and New Zealand.”

    About Connell Brothers

    Founded in 1895, Connell Brothers is a division of Wilbur-Ellis Company and is the largest marketer and distributor of specialty chemicals and ingredients in Asia-Pacific with a keen focus on technical service, customer support, and environmental, health, and safety. Connell Brothers provides complete supply chain management from transportation, documentation, warehousing, and sales and distribution in 17 countries and in 37 offices located throughout Asia-Pacific.

  • Samsonite sales soar globally

    Samsonite sales soar globally

    Samsonite sales soared 16.6 per cent in the first half of this year.

    The Hong Kong-based travel luggage retailer says it has benefited from “robust growth in travel and tourism worldwide” achieving sales of US$1.197 billion in the six months to June 30.

    Excluding the effects of foreign currency exchange rates, Samsonite’s profit attributable to shareholders increased by 8.9 per cent.

    Fresh from bedding down the acquisition of Rolling Luggage in February, Samsonite says it will continue to evaluate further potential acquisition opportunities “that offer both a compelling strategic and financial rationale”.

    Rolling Luggage is one of the world’s leading airport retailers of branded luggage and travel products. The acquisition provides Samsonite with a significant retail footprint in some of the leading airports in Europe and the Asia Pacific region, and establishes a strong multi-brand platform to showcase the group’s brands and collections.

    Samsonite chairman Tim Parker said behind the strong numbers for the first half year, “some strong foundations are being laid for future growth”.

    “It is worth bearing in mind that Samsonite, our flagship brand, is still number one in most markets of the world. One of the key strengths of our business is its diversity in terms of brands, segments and geographical markets. Thus, in the first half of 2015, pockets of local market pressure were more than compensated for by good performances elsewhere.”

    CEO Ramesh Tainwala added: “Samsonite achieved a very encouraging set of results for the first half of 2015 despite challenging economic and trading conditions in almost all of our major markets. All of our operating regions posted solid constant currency net sales growth, underscoring the resilience of our multi-brand, multi-category and multi-channel business model.”

    Samsonite’s net sales in Asia continued to grow across all markets within the region, reaching US$471.4 million for the six months, an increase of 17.2 per cent year on year. The growth was driven by both Samsonite and American Tourister, whose net sales grew by 15.1 per cent and 9.6 per cent, respectively.

    The group’s Samsonite Red sub-brand was the driving force behind the 42.3 per cent increase in the casual product category in the Asia region. The group also recorded net sales of US$7.1 million from the High Sierra brand in the region during the first half of 2015, representing an increase of 64.4 per cent from the previous year.

    Samsonite introduced the Kamiliant brand in Asia during the second half of 2014, which has contributed US$1.0 million of net sales in the first half of 2015. All of the group’s brands continue to benefit from products and marketing campaigns that are designed specifically for the region.

    Driven by Samsonite and Samsonite Red through the eCommerce channel and strong business-to-business sales, China saw first half net sales increase by 29.8 per cent year on year. South Korea continued to grow, recording a 4.8 per cent increase in net sales despite the negative impact from the MERS outbreak.

    India, Japan, Hong Kong and Australia all recorded strong year-on-year net sales growth of 13 per cent, 44.6 per cent, 8.1 per cent and 33.5 per cent, respectively.

    “Aside from additional points of sale and increased product offerings, the success of the group’s business in Asia has been bolstered by its continued focus on country-specific products and marketing strategies to drive increased awareness of, and demand for, the group’s products,” the company said in a statement.

    For the second half of 2015, the Group will continue to leverage the strength of its diverse portfolio of brands to gain market share across all of its markets. Those brands include Samsonite, American Tourister, Hartmann, High Sierra, Gregory, Speck and Lipault.

  • Major makeover for Bangkok’s Silom

    Major makeover for Bangkok’s Silom

    A Thai developer has revealed plans to convert a prime corner site in Bangkok’s Silom district into a futuristic retail and office centre.

    Silom Center, on the corner of Silom and Rama 4, adjacent to the BTS Skytrain and underground MRT stations will be redeveloped by the third quarter of next year.

    The development is being undertaken by Property Perfect and We Retail PCL who believe that, once finished, the building will put the suburb on a par with Siam and Phloen Chit, both anchored by luxury malls and populated by luxury brands and high class eateries.

    The project will combine a retail mall and office space with new connections to the Sala Daeng BTS elevated walkway.

    The property developers also announced several other developments in Bangkok.

    The company is constructing the Sukhumvit Center in Nana which will feature a 30-storey high “six star” Hyatt Regency hotel and two levels of shopping space when it opens at the end of 2017.

    And in nearby Asoke the company plans to convert a Robinson department store located beneath the Westin Hotel into a retail centre branded Sukhumvit Center Asoke. That project will not be completed until late 2021, however.

  • Israel’s Teva Naot expands in Japan

    Israel’s Teva Naot expands in Japan

    Israeli sandal maker and retailer Teva Naot is gaining a cult following in Japan.

    The footwear brand has just opened its fifth “high class boutique” in Japan, and plans even more stores as it wins the hearts and wallets of Japanese.

    The company already has three stores in Tokyo and one in Nara in the Kansai region of Japan’s south. The new store will be in Tokyo.

    CEO, Michael Iluz,says its shoes have become extremely popular among Japan’s business and celebrity class.

    Teva Naot shoes are handmade from high quality materials and positioned at the premium end of the market. It has designed a range of 20 sandals specifically for the Japanese market to reflect local tastes, fit and trends. The stores are designed to evoke a ‘high class, luxury’ shopping experience.

    The Israeli newspaper Maariv reports the company sold more than $3.6 million worth of shoes in Japan this financial year and expects sales to reach as high as $5 million in 2016.

    Teva Naot has also met with success in South Korea.

  • Chow Sang Sang local sales slide

    Chow Sang Sang local sales slide

    Jeweller Chow Sang Sang has reported a 12 per cent slump in same store sales in Hong Kong and Macau during the first half of this year.

    But the company’s total sales slipped just one per cent and its profit rose 40 per cent during the six months, due to its disposal of shares in Hong Kong Exchanges and Clearing Ltd. Operating profit was down about 12 per cent.

    The company said while official records show a 5.9 per cent increase in the number of visits to Hong Kong by Mainland Chinese in the first five months, “actual spending by these visitors did not bring much cheer to the luxury retail sector”.

    “Negative sentiments towards cross-border traders and even mainland visitors probably cast a pall over shopping activities. Exchange rate fluctuations caused price differences that made it worthwhile for consumers from the mainland, and even those from Hong Kong, to shop in Japan and Europe for luxury goods.”

    During the half, Chow Sang Sang closed its Metroplaza store in Kwai Chung, but expanded its store in Elements, West Kowloon and converted the fitout to the company’s new generation shop design.

    The company said Macau was especially hard hit by the anti-graft campaigns and the measure to restrict funds outflow. One street-level store was closed there at the expiry of its lease.

    “On the Mainland, the slowing growth in the economy, the continued anti-corruption and austerity drive affected high-ticket spending, but in general the retail sector was healthy.”

    The jeweller opened 21 stores during the half taking its reach to 102 cities. Ten underperforming stores were closed for a net gain of 11 and a total network of 333.

    The company says in the months ahead it will continue to closely monitor its inventory levels. It has revamped its online shops both for the Mainland and Hong Kong and online sales continue to grow.

    “We are making progress in facilitating our online customers to take advantage of the network of physical stores.”

    In Hong Kong the company has acquired space in Citywalk, Tsuen Wan, to open a Rolex and Tudor store.

    The existing store in the same mall shall cease to operate its watch counters.

    In China 18 stores are planned between now and Christmas, along with several refitting and closings.

  • K11 mall founder to build 17 more centres

    K11 mall founder to build 17 more centres

    The founder of the K11 mall concept which debuted in Hong Kong and then was replicated in Shanghai is now planning 17 more centres in Mainland China.

    Chinese billionaire Adrian Cheng founded the nonprofit K11 Art Foundation in 2010,  and subsequently opened the K11 shopping centre in the heart of Kowloon, atop the Tsim Sha Tsui railway station.

    Like its successor in Shanghai, the K11 mall features frequently-changing art installations and exhibitions, merging art gallery with a retail and dining space. Works by artists including Olafur Eliasson, Damien Hirst and Yoshitomo Nara can be found in the malls.

    A spokesman for Cheng’s business New World Development Company says the grand plan is to have 19 K11 spaces – mostly retail centres but also offices.

    Cheng is ranked among the world’s top 20 billionaires aged under 35 with an estimated worth of US$1.4 billion.