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Tag: boston

  • The new LL Bean Urban store will open soon

    The new LL Bean Urban store will open soon

    US outdoor retailer LL Bean will open its first LL Bean Urban concept store on April 6.

    While the backbone of the famous brand’s physical store presence comprises large format, warehouse style stores, usually located in bulky-goods centres, rather than in high street precincts, the company believes an offer tailored more to city consumers will expand its customer base and sales.

    The 8600sqft LL Bean Urban store, smaller than its mainstream stores, will open at One Seaport in Boston, featuring a range of active and casual apparel as well as the traditional outerwear and footwear for which it is best known. The stock will be tailored to Bostonians’ most-favoured recreational preferences.

    As part of its overall national retail growth plan, LL Bean made the decision to expand its presence into Boston’s Seaport because of the high degree of awareness and affinity Boston residents have for the brand – and to capitalise on its relationship with the Boston Red Sox team.

    “The new Seaport store will allow the people of Boston and beyond to experience first-hand everything the legendary outdoor retailer offers: quality merchandise, exemplary customer service, excellent outdoor programming, a welcoming shopping environment and an ethos to always do what’s right by its customers, employees, the environment and the community,” said Greg Elder, VP of stores.

    “Boston is a city that’s as passionate about the outdoors as we are. We’re excited to bring the outdoor spirit to the heart of Boston at our first city store, and get to know the vibrant Seaport community.”

    LL Bean was founded in 1912 by Leon Leonwood Bean, in a single room, selling a single product: the Maine Hunting Shoe. Still family owned, LL Bean now operates 39 stores in 17 states across the US, along with 25 in Japan.

  • Indonesian fishery products showcased at Boston expo

    Indonesian fishery products showcased at Boston expo

    Maritime Affairs and Fishery Minister Susi Pudjiastuti hoped that the visitors and prospective buyers of fishery products at the seafood exhibition in Boston, the United States, would recognize the progressive market and potential of Indonesia.

    “With our sincere efforts to combat illegal, unreported, and unregulated (IUU) fishing, the people will witness a rapid growth in our fishery products,” the minister noted on the sidelines of the seafood fair held in Boston on Sunday local time.

    The minister was also optimistic of receiving valuable feedback from both the exhibitors and visitors to boost the exports of its maritime products and to garner global recognition.

    “I also hope that the Indonesian fishery businessmen would engage in fishing in a responsible manner,” Susi said, adding that the Indonesian fishery community is not only selling the products but also engaging in rightful fishing practices and not violating IUU.

    The minister also urged the Indonesian businessmen to continue developing the fishing industry in ways that are environment-friendly.

    “I see a great opportunity for the exports of Indonesian marine products, although there are still obstacles to be faced, and certainly, we can solve such problems,” she emphasized.

    Susi also gave assurance to the Indonesian maritime businessmen that curbing illegal fishing would open up a larger market, and thus, they must follow the international regulation on fishing.

    “The Indonesian fishery businessmen have been urged to follow responsible and sustainable fishing practices,” Susi remarked.

    As many as 17 fishery companies, including PT. Central Proteina Prima, Tbk, Sustainable Fisheries, Sekar Bumi, PT. Wahyu Pradana Binulia, PT Permata Marindo Jaya, and Kudatama Mas had showcased their products at the Indonesian pavilion during the seafood exhibition.

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  • Retailers Brace for Gloomy Ramadan Amid Economic Slowdown

    Retailers Brace for Gloomy Ramadan Amid Economic Slowdown

    Indonesian retailers are predicting sales to drop by 36 percent year-on-year during the Muslim holy month of Ramadan and Idul Fitri, the latest sign of the country’s weakening economy.

    Sales are expected to reach Rp 15 trillion ($1.12 billion) during the fasting period, which runs from June 18 through July 17,  compared to Rp 25 trillion in the same period last year, according to estimates from the Indonesia Retailers Association (Aprindo).

    Members of the association range from convenience store chain operators such as Sumber Alfaria Trijaya to hyper market operators like Matahari Putra Prima.

    Aprindo chairman Roy N. Mandey said consumers’ purchasing power has been under pressure this year due to rising inflation stemming from fluctuating oil prices, the weakening rupiah and slow government spending.

    President Joko Widodo shifted government subsidies for fuel prices this year to back up his $21 billion infrastructure projects. However, only 8 percent of the funds were disbursed in the first six months 0f 2014 due to red tape, dragging further on the country’s economy, which is already struggling against low commodity prices and slowing investment.

    Based on current conditions, Aprindo has revised its 2015 sales target to Rp 152 trillion from its initial total of Rp 184 trillion — a 10 percent contraction from last year’s sales of Rp 168 trillion.

    “People are not as enthusiastic [as before]. They are refraining from buying anything now,” Roy said.

    A recent consumer confidence survey from Bank Indonesia, the country’s central bank, showed that consumers have become less optimistic about their income and job availability, holding back on buying durable goods like electronics, motor vehicles and home appliances.

    Still, Matahari Putra Prima, one of the largest retailers in Indonesia and a Jakarta Globe affiliate through the Lippo Group, remains confident it will see an 11 percent increase in sales during Ramadan to Rp 3 trillion from Rp 2.7 trillion last year, banking on its expansion in the eastern part of the country.

    The company now operates 111 stores under the brands Hypermart, Foodmart and Boston Health & Beauty.

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  • Matahari Putra Prima’s Q1 Revenue Rises 60% on Larger Gross sales

    Matahari Putra Prima’s Q1 Revenue Rises 60% on Larger Gross sales

    Matahari Putra Prima — the operator of Hypermart, Foodmart and the Boston Well being & Magnificence retail chain — posted 60 % achieve in revenue within the first quarter, because of regular progress in gross sales.

    Internet revenue rose to Rp 81.6 billion ($6.three million) within the January-March interval from Rp 51.zero billion in the identical quarter final yr, the corporate stated in a press release final week. Internet gross sales rose 7.1 % to Rp three.35 trillion.

    “We’re happy with our internet revenue leads to the primary quarter regardless of a really difficult gross sales surroundings. our enterprise benefited from the productiveness measures taken and realization of expense saving packages initiated in mid-2015 by the administration staff,” stated MPP chief government officer Noel Trinder.

    MPP’s same-store gross sales progress, nevertheless, was 1.eight % decrease because of weak financial progress and aggressive setting amongst present shops in operation, the corporate stated.

    In the course of the quarter, MPP opened 14 new shops together with two for Hypermart, one Foodmart grocery store, 9 Foodmart Categorical and two Boston shops.

    These added to MPP’s 267 shops (107 Hypermart, 58 Foodmart and 102 Boston) in 67 cities throughout Indonesia as of Dec. 31 2014.

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