Retail News CRM

Tag: Bangkok Mall

  • Siam Paragon celebrating the school break with “Kids Carnival: Little Nemo in Slumberland”

    Siam Paragon celebrating the school break with “Kids Carnival: Little Nemo in Slumberland”

    Siam Paragon celebrating the school break organizes “Kids Carnival: Little Nemo in Slumberland”, the spectacular Balloon Festival imported directly from France to be held in the South East Asia for the first time during 17-21 October at Parc Paragon, Siam Paragon

    Siam Paragon together with Siam Commercial Credit Card and Origin Property organize “Kids Carnival: Little Nemo in Slumberland”, fantastic balloon carnival imported directly from France. Opening the world of imagination with over 20 inflatable characters, the carnival will debut for the first time in South East Asia from 17-21 October at Parc Paragon, Siam Paragon.

    On the opening day (17 October 2018), Mayuree Chaipromprasith, Executive of Siam Paragon, Pochana Ittisukanant from SCB, Aphisit Soonthronchukiet from Origin Property, and many celebrities such as MR Chantaraladda Yugala Ubondejpracharak, Pol.Lt.Col.Nopparat-Pornpat Boontanom, Wantita Lewchalermwong, Visarat Chunhavat, Sopitnapa Chumpanee, Parinya Roonpraphan, and their children also joined the event.

    Mayuree Chaipromprasith, Senior Executive Vice President – Marketing at Siam Paragon, said “As one of the world’s shopping destinations, Siam Paragon always keep customer satisfaction as top priority and always provide new experience to our customer. In the upcoming school break, Siam Paragon joins hands with Plasticiens Volants from France come up with a unique and fascinating balloon show entitled “Little Nemo in Slumberland”. Performed by world-renowned French street theater, Plasticiens Volants, the show presents a spectacular giant inflated puppets fly over Parc Paragon combining with stunning light, music, and special technique. The five-day event will bring the New York Herald Tribune’s legendary cartoon to life. We guarantee to bring an exclusive experience to our local and international customers, while will definitely create a wonderful moment for the family”

    Little Nemo in Slumberland is about a character named Nemo, who has a fantastic dream but awoke in bed in the final part. His adventure will be told through over 20 colorful floating inflatables where Parc Paragon will turn to be a fantasy dreamland in Slumberland and surrounded by imaginary light, sound and music. Audiences will be thrilled with Nemo’s adventurous dream from a flying magical bed, which its legs can enlarge to nine meters height. While also enjoy with a journey through a dreamlike floating castle, fanciful wild lives and gigantic raspberry fields. Much more characters will also entertain audiences during the carnival.

    Created by American cartoonist  Winsor McCay, Nemo is a fictional character originally the comic strip published in New York Herald Tribune from 1905-1914. The fantasy adventure story plus a wonderful performance of Plasticiens Volants has brought joyful and incredible experience to children and every people around the global

    View the gallery of the event below (8 images) :

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  • CBRE Thailand: economy hits development

    CBRE Thailand: economy hits development

    Against an unfavorable economic backdrop, coupled with growing competition in the Bangkok retail market over the past couple of years, developers have been postponing projects, says property company CBRE Thailand in its retail market review for first quarter.

    Affected are mega-projects Bangkok Mall, Central M, EmSphere and Mega Rangsit.

    Instead, says the review, owners have been focusing on renovating and repositioning malls as well as selectively expanding upcountry.

    Newly completed retail supply in Bangkok has begun to slow down, with about 60,000 sqm coming onstream from nine retail developments in the first quarter. None of the projects were big scale, says the report, the largest being the Ratchadapisek Suam Lum Night Bazaar.

    Despite representing a small share of total retail sales, eCommerce has grown rapidly in Thailand over the past year, says the review, posing an up-and-coming risk to brick-and-mortar stores. This will spur growth in online shopping, forcing retail developers to create more attractions to lure consumers to their physical stores.

    “Looking forward, unless domestic demand recovers, we do not expect the delayed projects to start construction any time soon,” says the review. “With the combination of low future supply and the completion of refurbishment in major retail centres, we believe the occupancy rate will bottom out this year.

    “However, rental growth going forward is expected to be limited as competition remains fierce.”

    Meanwhile, domestic demand is still weak. The retail sales index in January, estimated by the Bank of Thailand, was at 200.7 points, increasing by only 0.02 per cent.

    Also, Thailand’s Consumer Confidence Index (CCI) dropped to 73.5 in March, the lowest level in five months, from 75.5 and 74.7 in January and February respectively.

    Thailand’s household debt level continues to be an issue at more than 80 per cent of total GDP, dragging down the spending power of consumers.

    Growing competition in the Bangkok retail market has seen several large-scale projects completed of the past year years, taking the total retail supply to 7.2 million sqm., up nearly 900,000 sqm from the figure in 2014.

    “Not all shopping centres will perform,” says the review, “and we have seen falling occupancy in some of the old or poorly managed malls.”

    First-quarter occupancy was at 92.9 per cent, down 0.3 percentage points from the previous quarter.

    Retail sales in central Bangkok have improved as international tourist numbers have grown, up about 15 per cent from last year.

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