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Tag: Eslite Spectrum

  • 3Coins Debuts in Taiwan with 370-Square-Metre Store in Taipei

    3Coins Debuts in Taiwan with 370-Square-Metre Store in Taipei

    Japanese variety store chain 3Coins has debuted in Taiwan with a 370-square-metre store in Taipei, following brand sales of 80.94 billion yen ($523 million) in the year ended February.

    Located inside Eslite Spectrum Wuchang in the Ximending retail district, the outlet stocks standard lifestyle lines alongside products tailored for local shoppers.

    The Franchise Model Behind the Launch

    Parent company PAL Group uses Hong Kong-based Yaichi Group as its master franchisee to take 3Coins outside Japan. For the Taiwan rollout, Yaichi partnered with FullSynergy New Retail, an e-commerce unit under telecom carrier Taiwan Mobile Group.

    Their joint model pairs physical department store space with a dedicated online store. FullSynergy handles local operations, digital marketing, and loyalty integration across Taiwan Mobile’s customer base to encourage repeat visits.

    Tapping Taipei’s Crowded Japanese Retail Market

    Taiwan offers a proven market for Japanese discount retailers, but competition in central Taipei is fierce. Established chains like Daiso, Don Don Donki, and Nitori already occupy prime sites across major transit corridors and shopping malls.

    Setting up in Ximending puts 3Coins in front of young shoppers and tourists. Connecting with Taiwan Mobile gives the brand immediate omnichannel reach that traditional brick-and-mortar imports often spend years building.

    PAL Group Builds on Hong Kong Momentum

    The Taipei opening follows 3Coins’ first overseas push into Hong Kong last year, where Yaichi also runs the store network. Founded in 1994, 3Coins sells homeware, kitchen goods, and small electronics priced around 300 yen in Japan.

    Variety retail remains PAL Group’s main engine. Division sales rose 14 per cent in the financial year ended February, easily outpacing the group’s legacy apparel business.

    Next, Yaichi and FullSynergy must scale the concept beyond the Ximending flagship into secondary shopping hubs across New Taipei, Taichung, and Kaohsiung.

  • Eslite plans to open four new bookstores next year

    Eslite plans to open four new bookstores next year

    Eslite Spectrum Corp, which runs bookstores, restaurants, hotels and commercial centres in Taiwan, aims to open four more bookstores next year.

    Launched in 2005, the company is 51 per cent owned by Eslite Corp, one of the largest retail bookstore chains in Taiwan.

    In the second quarter of next year, the company will unveil its first bookstore in Hualien county, says Eslite Spectrum VP Lin Wan-ju. This will be followed by a store in Taipei’s Shin Kong Mitsukoshi Department Store in the third quarter, and another in Kaohsiung in the fourth quarter.

    Lin says the company also plans an outlet in Taichung by the end of next year.

    While online bookstores have been gaining popularity, Lin says an Eslite survey has shown that nearly 60 per cent of readers in Taiwan still visit physical bookstores every month.

    Eslite will also use big-data analytics to understand consumer behaviour and provide better services, she says.

    The company says it has 44 bookstores in Taiwan, Hong Kong and Suzhou, with customer traffic of nearly 200 million people last year.

    Bookstores and commercial centres contribute nearly 78 per cent of the company’s total sales, while restaurants and hotels account for 18 and 4 per cent respectively.

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  • Eslite Spectrum to continue China expansion

    Eslite Spectrum to continue China expansion

    Taiwan’s Eslite Spectrum, which runs bookstores, shopping malls and restaurants, plans to continue adding stores in the greater China market.

    President Wu Wen Chieh told the group’s annual meeting that after extending its reach into Hong Kong in 2012, the company had transformed into a cultural creative brand.

    Wu said the company has 46 outlets in Taiwan, Hong Kong and China through teaming up with cultural creative brands, and plans to enter Shanghai by opening a store this year. Its first China outlet launched in Suzhou in November. Another store is planned for Shenzhen in 2018.

    Eslite has three stores in Hong Kong, and Wu said that the company is studying the feasibility of opening more stores there.

    However, Eslite has closed two stores in Taipei and will shut down two others. Wu said the company is determined to open new stores in Taiwan this year.

    Chairman Wu Ching-yu told shareholders that the company has set its sights beyond the greater China market, with the aim of opening stores in Japan and the US.

    He said two property developers in Japan have made contact with Eslite, but Eslite will expand at a stable pace globally.

    Eslite last year posted NT$3.82 billion (US$118 million) in sales, up 9 per cent from a year earlier, and raked in NT$412 million in net profit, up 11.6 per cent.

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  • Taiwan’s Eslite Spectrum store to open at HK’s City Plaza in 2016

    Taiwan’s Eslite Spectrum store to open at HK’s City Plaza in 2016

    Cityplaza is set to open Eslite Spectrum Hong Kong early next year, taking over two storeys of floor area spanning over 49,000 sq ft in the mall.

    The Taiwanese lifestyle bookstore is expected to enhance Cityplaza’s trade mix and quality retail offerings.

    Fiona Shiu, General Manager of Cityplaza, said hosting the largest Eslite Spectrum store on Hong Kong Island will expand the mall’s diversity and allow it to explore more possibilities for the city’s retail scene.

    Cityplaza completed a HKD100-million (USD12.8 million) facelift in 2014, which upgraded the mall’s facilities and introduced of over 30 stylish local and international retail brands.

    Eslite Spectrum opened its first Hong Kong store in Causeway Bay in 2012 and hopes that its new store in Cityplaza can continue more to bringing the energy of reading and cultural creativity to Hong Kong and integrate it into Hong Kongers’ daily lives.

    Recommended as “Asia’s Best” bookstore by Time magazine (Asia Edition), the bookstore has been lauded for its creative retail spaces, acting as a cultural hub with its offerings of a wide collection of books, staged exhibitions, live arts events, and exciting dining experiences for shoppers.

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