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Tag: expansion

  • Ikea India buys site for first store

    Ikea India buys site for first store

    Ikea India has acquired the land for the first of 25 stores planned for the country.

    The Swedish home furnishings company says the 13 acre site is located close to the IT hub Hitec City and is close to public transport, including a metro line under construction.

    Further details were scant, except that the land was acquired from the Telangana government. Ikea India plans 24 more stores in the long term and is currently evaluating sites in Mumbai, Bengaluru and Delhi NCR.

    Each Ikea store will cost about $100 million to establish, including land and construction costs.

    Part of the arrangement allowing Ikea to open single brand stores in India is that it has to source product from within the country. The company already has about 50 suppliers in India employing some 45,000 people. Now it is actively searching for more suppliers to boost the proportion of locally-sourced stock.

    IKEA India CEO Juvencio Maeztu described India as a promising market because it offers the company the opportunity to source, retail, conduct CSR initiatives through Ikea charitable foundation and empower social entrepreneurs through next generation projects.

    “Our focus now is to bring all of it together in Hyderabad as we have bought our first land to build an Ikea store. We will bring a unique shopping experience through our inspiring stores offering affordable home furnishing products,” he said.

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  • Hamleys Singapore to debut this month

    Hamleys Singapore to debut this month

    The world’s oldest toy retailer – Hamleys – is to make its Singapore debut this month.

    Hamleys Singapore will open its first store in the Plaza Singapura extension on July 24 in a partnership with Global Retail Ventures, which also runs Hamleys’ outlets in Malaysia.

    The move is part of an aggressive global expansion strategy for the London-founded, French-owned brand which has this year opened a giant Moscow flagship, has its first store opening in Vietnam this month and in Asia is already also trading in the Philippines. The Plaza Singapura store is likely to be the first of several in Singapore. Hamleys, through a Vietnamese franchise partner, is opening in Singapore-based Mapletree’s joint venture SC VivoCity shopping centre in Ho Chi Minh City.

    The toy chain has 54 stores in 17 countries with stock range targeting children from toddlers to adults.

    The debut Singapore shop will feature 12,000 sqft of retail space across two stories and stock more than 10,000 items.

    Plaza Singapura management want to position the mall as a one-stop destination for families.

  • Smoothie King eyes Asia

    Smoothie King eyes Asia

    Fresh from sealing a deal to enter the UAE, US chain Smoothie King is now seeking partners to enter seven Asian markets, along with Australia.

    With more than 700 locations worldwide and plans to top 1000 locations globally by the end of 2017, Smoothie King has signed up Al Ghurair Retail to open across the emirates, starting with multiple locations in Dubai.

    Smoothie King is currently located in Korea, Grand Cayman and Singapore, and according to Dan Hannah, VP of international business development, the company is now eyeing development in Japan, China, India, Indonesia, the Philippines, Taiwan, Australia and Brazil.

    Smoothie King is providing guests around the world with nutritional solutions that live up to the brand’s founding vision to create “Smoothies With a Purpose.”

    Smoothie King differentiates itself in the crowded juice and smoothie category as an “originator and innovator”, evolving to meet customer’s health needs since 1973. The mission since the company’s inception carries through to today: to inspire people to live a healthy and active lifestyle.

    New Orleans-based Smoothie King offers a wide variety of smoothies made with the highest quality ingredients, created to meet all nutritional goals including weight loss, weight gain and increased energy.

    “By working with dedicated and passionate partners like AG Retail, we are able to continue to build our brand and expand our presence worldwide, while preserving brand integrity,” said Smoothie King CEO Wan Kim.

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  • Cristina Re opens Chengdu tea salon

    Cristina Re opens Chengdu tea salon

    Australian way of life model Cristina Re has opened its first stand alone Excessive Tea Salon and Boutique in Chengdu, China.

    The brand new retailer is situated on the just lately opened Taikoo Li retail complicated in Chengdu an opulent new mall which units a brand new commonplace in purchasing and eating within the metropolis.

    Taikoo Li presents a variety of luxurious manufacturers in a single luxurious complicated whereas sustaining the quaint really feel of a boutique lined aspect road. Luxurious tenants within the centre promise to impress with flagship shops from Gucci, Cartier, Hermès, and Jimmy Choo, amongst others. No expense has been spared within the complicated match out of Taikoo Li which targets the town’s rising center class.

    Cristina Re says she selected Chengdu for the tea salon idea’s debut as a result of it’s considered one of China’s quickest rising markets for luxurious items.

    “Residents of Chengdu have a robust want for western labels and to immerse themselves in  Western tradition.”

    The brand new retailer options the newest in excessive finish structure and inside design, the results of an in depth collaboration between Cristina Re and the designers who sought to create a sense of “atmosphere and splendor”.

    The salon options white marble flooring, bronze and copper fitouts, bespoke white leather-based furnishings and an opulent outside courtyard invoking a sensation of indoor/outside dwelling suited to the hotter local weather.

    Cristina’s trademark aesthetic of making an expensive and  indulgent excessive tea expertise has been prolonged inside the retailer to incorporate a full à la carte menu ready by a well-known worldwide chef from Hong Kong and that includes a fusion of Japanese and Western delicacies with natural produce sourced from around the globe.

    The model says an in depth cocktail and Champagne supply will attraction to the extremely social and classy Chengdu crowd.

    The Cristina Re retailer in Taikoo Li is the primary in a “multifaceted retail technique” the corporate is planning for China together with additional enlargement all through Asia within the  coming two years.

    In Australia, Cristina Re is understood for her signature and opulent trendy patterns and  female type executed throughout a various product vary from stationery to house decor in a mess of boutiques all over the world.

    Increasing the Cristina Re Model into China is a big transfer for the label that started over 20 years in the past and presently provides greater than 1000 wholesalers.

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  • Lawson Thailand targets 1000 shops

    Lawson Thailand targets 1000 shops

    Lawson Thailand, a three way partnership between the Japanese comfort retailer operator and an area Thai listed firm, says it plans to open 1000 shops throughout the nation.

    At present it has simply 40 buying and selling underneath the brandname Lawson 108, but it says it’s going to attain 1000 inside three years.

    Lawson Thailand is a three way partnership between Saha Pathanapibul Pcl and Lawson Inc of Japan.  Saha Pathanapibul is a subsidiary of Saha Group, Thailand’s largest shopper merchandise enterprise.

    The 2 corporations established a three way partnership in 2012 however progress up to now has been sluggish.

    Now they are saying they may concentrate on creating some extent of distinction between rival comfort retailer chains, such because the market dominant 7-Eleven, together with providing freshly cooked, able to eat meals.

    With 7-Eleven already working 8000 comfort shops in Thailand and Central Group’s Household Mart enterprise increasing, Lawson Thailand might face an uphill battle gaining market share, even with 1000 shops buying and selling.

  • Wanda to invest in more sports clubs

    Wanda to invest in more sports clubs

    The founder of Chinese retail, property and entertainment powerhouse Wanda Group says he plans to invest in more globally recognised sports clubs.

    Wang Jianlin, chairman of Wanda Group, ranked China’s richest man by Bloomberg with assets of $42.1 billion, bought 20 per cent of Spanish football club Atletico Madrid in April for euro 45 million. He also bought Swiss sports marketing group Infront for euro 1.05 billion.

    This week he said he will buy into “at least three more” sports clubs this year.

    Chinese press agency Xinhua reported Wang Jianlin saying: “Within this year, Wanda will still buy at least three sports companies. Upon the completion of these mergers and acquisitions, Wanda is going to be the world number one in the sports industry.”

    It’s all part of a strategy to boost Wanda Group’s influence in the global sports business, which would also benefit its retail networks through brand associations.

    Beijing-headquartered Wanda Group owns retail, entertainment and hotel businesses, including the AMC cinema business. He is expanding into theme parks and film production and has a commercial property arm, Dalian Wanda Commercial Properties, which owns shopping malls.

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  • Homelegance China in retailer rollout

    Homelegance China in retailer rollout

    Homelegance China plans to confide in 30 shops a yr because the US model builds its Chinese language model consciousness.

    The corporate opened its first China retailer within the metropolis of Tianjin in Might and by the top of August may have six shops buying and selling in complete. By the top of October it expects to increase to 11 and from then on it plans between 20 and 30 new shops will open yearly.

    Homelegance needs to focus on China’s center class with its assortment of predominantly picket bed room, dwelling, eating and workplace furnishings.

    The inaugural Tianjin retailer is a 30,000 sqft franchise opened in a specialist furnishings shopping center, Pink Star Macalline. It’s operated by Li ShiGuang. Tianjin is the situation of Homelegance’s 260,000 sqft warehouse which can provide shops within the rising community.

    Homelegance will licence shops in China to make sure it has native operators who perceive the native markets it enters.

    “We all know that to develop we should look past our conventional US borders to turn out to be the worldwide chief we all know we might be,” Jamie Collins, government VP of Homelegance USA, advised Furnishings At present.

    “There isn’t any higher place for us to focus our efforts than in China. Past constructing a model in China we all know that our new licensees in China will take pleasure in what our retail companions in North America have already skilled, worthwhile positive factors via the sale of Homelegance merchandise.”

    Collins stated the demand for American designs amongst Chinese language is rising yearly.

    “We’ll current Homelegance as a premier way of life model that represents the perfect of what the Chinese language shopper is on the lookout for.”

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  • West Elm Philippines makes debut

    West Elm Philippines makes debut

    West Elm Philippines, the furniture chain of Williams Sonoma, has opened its first store in Manila.

    The store, located in the new Estancia Mall at Capitol Commons, Shaw Boulevard, Pasig City. It will compete with Crate & Barrel, which made its Philippines debut last year, and complement another Williams Sonoma brand Pottery Barn.

    While skewed towards complete furniture solutions, West Elm also stocks a comprehensive range of homewares. It positions itself as creating “unique and affordable designs for modern living”.

    One standout feature of West Elm Philippines is that it works with local Filipino producers to stock their products, not just imported goods.

    Among locals to feature in the store are Filipino Capiz Artisans, a co-op of family owned businesses preserving traditional capiz handcrafts, including Capiz Chandelier and Pendant lighting; Filipino Weavers, known for their skilled weaving, braiding, twisting and knits using innovative techniques passed down through generations to create braided storage containers; and Santo Tomas Potters, Pampanga-based creators of hand-thrown, hand-cast and hand-painted ceramics.

    Jim Brett, president of West Elm, said he believes there is “a tremendous appetite for well-designed, finely crafted home goods and furnishings” in the Philippines.

    The 7000 sqft store has opened showcasing the brand’s summer collection which includes furniture, bedding, bathroom accessories, rugs, window textiles and hardware, lighting, decorative accessories, dining, kitchen products, and gifts. It also offers services at Design Lab, where customers can partner with design specialists for complimentary consultations and space planning sessions.

    West Elm currently has 71 retail stores in the US, Canada, Australia and the UK. The Philippines is its first Asia market, and it has an unaffiliated franchisee operating stores in the Middle East.

  • Chilly Stone Creamery Vietnam plans 30 shops

    Chilly Stone Creamery Vietnam plans 30 shops

    Kahala Manufacturers, the father or mother firm of Chilly Stone Creamery has appointed a Vietnamese franchise associate.

    The primary of a deliberate 30 Chilly Stone Creamery Vietnam shops will open this yr in Ho Chi Minh Metropolis in partnership with TNC Holdings subsidiary CS Vietnam Ice cream Co.

    “With the speedy improve in youthful shoppers demanding greater high quality merchandise we’re thrilled that Vietnam would be the subsequent worldwide market delivering the Final Ice Cream Expertise,” stated Eddy Jimenez, senior VP of worldwide operations and improvement for Kahala.

    TNC is described by Kahala as “the main and most skilled firm in Vietnam”.

    “We all know they’ll do an exquisite job at exemplifying what the Chilly Stone Creamery model is and they’ll proceed to hold on the superb tradition we have now developed worldwide.”

    TNC specialises in branding, distribution and manufacturing of fast paced shopper items, together with drinks, particularly espresso and tea, and private care merchandise. TNC additionally owns retail manufacturers and franchises, together with comfort shops, supermarkets and F&B chains.

    TNC owns the native Fannys ice cream model, which has cafes and sells into FMCG channels. It additionally has the Korean cafe chain Hollys Espresso rights, Incito espresso and Japanese hotpot restaurant Mizuchi in its portfolio, however has few shops buying and selling underneath these manufacturers.

    Kahala says TNC has a imaginative and prescient to be one of many prime 10 shopper and retail corporations in Vietnam, grossing US$1 billion by 2020.

    “Chilly Stone Creamery is a premium American ice cream idea and the product shall be very inviting to the Vietnamese individuals,” stated Phan Duc Binh, CEO of TNC. “Nevertheless, it’s the in retailer expertise and the enjoyable surroundings Chilly Stone Creamery creates that hold individuals coming again. The mission of creating individuals joyful, a really energetic tradition and core values shared amongst all of the stakeholders within the system is why TNC pursued Chilly Stone Creamery.”

    Chilly Stone Creamery opened its first retailer outdoors its US residence market in November 2005 in Tokyo, Japan. Since then it has expanded the chain into almost 300 worldwide places in additional than 25 nations, together with the Philippines, Indonesia, Kuwait, Qatar and Nigeria.

    The chain’s level of distinction is that it makes ice cream recent in retailer day by day, and mixes it with flavours and components like fruits, chocolate and nuts, on a chilly marble slab in entrance of the client.

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  • JD.com heads to Russia

    JD.com heads to Russia

    Chinese language on-line retailer JD.com has launched a Russian-language web site to broaden its operations outdoors its core China market.

    In doing so, it’s following within the tracks of its big rival Alibaba, which has reportedly gained speedy reputation in Russia, regardless of the nation’s struggling financial system and the home foreign money’s lacklustre worth.

    “Russia is Europe’s largest Web market by viewers and has fast-growing e-commerce,” stated JD.com chief Victor Xu in a Moscow press convention to launch the brand new website.

    “We purpose to turn out to be a market chief in Russian eCommerce.”

    In line with analysis home TNS, the Aliexpress buying website had 19.6 million Russian customers in April, rating it within the prime 10 hottest websites in Russia with visitation up 65 per cent yr on yr.

    Russia’s cross-border eCommerce market was value US$four billion final yr with an estimated 70 million parcels shipped into the nation from overseas. Almost three quarters of that quantity got here from China.

    JD.com has partnered with SPSR Categorical to ship parcels in Russia and with Yandex.Cash and Qiwi Plc to course of on-line funds.

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  • Jamba Juice Indonesia to open subsequent yr

    Jamba Juice Indonesia to open subsequent yr

    PT Sari Gemilang Makmur has gained the franchise rights to Jamba Juice Indonesia.

    The US smoothie chain Jamba Juice has launched into an aggressive worldwide enlargement technique with some 600 new cafes now within the improvement pipeline in South Korea, Taiwan, Thailand, the Philippines, Mexico, UAE, Saudi Arabia, Bahrain, Oman, Kuwait, Qatar and Canada.

    Sari Gemilang Makmur is a subsidiary of PT Mitra Adiperkasa Tbk, which operates greater than 1800 retail shops beneath a variety of its personal and franchised manufacturers in 65 Indonesian cities.

    Jamba Indonesia plans to open 70 Jamba Juice cafes in Indonesia inside 10 years, beginning in Jakarta in mid 2016.

    Tom Madsen, senior VP & GM, international progress, with Jamba Juice within the US, stated the corporate selected PT Sari as its associate as a result of it  is a number one operator of way of life manufacturers in Indonesia, an anchor tenant in main malls, and has a confirmed monitor report of efficiently constructing its personal and franchised manufacturers.

    “In PT Sari, we now have discovered a terrific associate for Indonesia, with a robust ardour for Jamba Juice and a mission to deliver well being, happiness and fulfilling life to Indonesian shoppers.”

  • Kase targets journey retail sector

    Kase targets journey retail sector

    Cell phone case idea Kase is about to broaden its journey retail presence after the early success of its first airport retailer within the Philippines.

    Kase opened a retailer in Manila’s Ninoy Aquino Worldwide Airport in February in partnership with Regent Distributors. It contains a broad vary of instances for smartphones and tablets – a excessive margin retail enterprise which has already confirmed widespread in non-travel places in 150 markets together with Singapore, Hong Kong, India, the US, Germany and France.

    The corporate says its first airport retailer, simply 33sqm, is attaining gross sales at ranges “completely past all expectations”.

    A key level of distinction making Kase so common is the customisation out there in-store. Buyers can take their telephones in, and utilizing an iPad select from hundreds of various designs and modify them to go well with their private preferences earlier than having the case printed inside eight minutes in-store. They will even present their very own designs – uploadable by way of the shop’s WiFi.

    Kase believes the idea is right for journey retail, requiring area as small as 15 sqm in a shop-in-shop, 22 sqm for a pop up store or between 30 sqm and 60 sqm for a standalone boutique.

    Says Kase cofounder Steve Rosenblum: “The Kase gives travel-retail an incredible alternative to capitalise on a market in fixed enlargement. It’s estimated that in 2016 1 billion smartphones and 400 million tablets can be bought – double the variety of 2012. As well as, the marketplace for equipment is rising equally quickly, up 80 per cent in 2012 and anticipated to point out 120 per cent progress subsequent yr, representing an enormous US$50 billion. More and more, covers for these things are being thought-about a style accent in their very own proper.”

    Rosenblum says Kase has signed up a grasp franchisee in Indonesia and others in South Africa, Center East and Europe.

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  • Marimekko Singapore opens first retailer

    Marimekko Singapore opens first retailer

    Marimekko Singapore has opened its first retailer – within the Capitol Piazza buying centre.

    The Finnish model says this and the brand new Thailand retailer which opened in Bangkok in April, reveal its persevering with give attention to Asian enlargement.

    The corporate says it should open extra retailer-owned shops in Singapore and the remainder of Southeast Asia over the subsequent few years.

    “In our enlargement, we have now targeted at the start on areas with excessive progress potential,” says Päivi Lonka, CSO.

    “The Asia-Pacific area is our second-largest market space, and we have already got a reasonably robust foothold in East Asia. Thus, increasing into Southeast Asia felt like a pure transfer.

    “Singapore is a contemporary metropolis and really engaging to us, as it’s thought-about one of many area’s prime enterprise hubs and buying locations.”

    In April, Thailand’s first Marimekko retailer opened in Bangkok.

    “The town is in an fascinating stage of improvement from the retail viewpoint. It’s turning into an more and more essential worldwide metropolis, the place numerous high-class malls have been opened just lately,” stated Lonka.

    Marimekko merchandise are bought in 140 shops in about 40 nations and final yr, model gross sales totalled euro 187 million, with firm shops accounting for euro 94 million of that.

  • Brazilian On-line Consumers Are Enamored with AliExpress

    Brazilian On-line Consumers Are Enamored with AliExpress

    Enterprise is booming in Brazil for Alibaba’s AliExpress.

    Regardless of the language barrier, lengthy delivery occasions, and cost inconveniences, increasingly Brazilians have been drawn to AliExpress because of the excessive value of many gadgets in Brazil. Even with import duties, which is greater than 60 %, many merchandise, together with garments and baggage, are cheaper on AliExpress by as much as two-thirds, in response to China Day by day.

    “AliExpress is now my favourite abroad buying web site as a result of it presents higher costs and extra choices,” stated Amanda Bernardo, who boasts over a million views on her on-line buying movies, through which she lately featured gadgets purchased from AliExpress.

    Bruno Calheiros, an exhibition designer who makes a middle-class revenue of $2,540 per thirty days, prefers to buy on-line over going to modern malls.

    “I used to purchase garments, home equipment and health gear from Ebay and Amazon, however extra so from AliExpress since I attempted it. I simply like it,” stated Calheiros. He added that he has beneficial AliExpress to lots of his acquaintances.

    On final yr’s Singles Day sale on November 11th, Brazilian spending on Alibaba’s web sites was second solely to that of the Russians.

    Current findings from analysis agency E-Bit revealed that middle-class Brazilians accounted for 62 % of internet buyers from the nation in 2014. Final yr, Brazilian internet buyers totaled 51.5 million individuals, together with 10.2 million individuals who shopped on-line for the primary time. The variety of on-line orders is predicted to rise 19 % to 123 million orders in 2015.

    Spending by Brazilian internet buyers rose 24 % final yr to $11.three billion, and analysis agency eMarketer predicts that it might attain $26.17 billion in 2018.

    In quantity, Chinese language companies accounted for 55 % of all Brazilian on-line purchasing for a complete of $2.1 billion final yr, in accordance with E-Bit.

  • Alibaba eyes Latin American enterprise

    Alibaba eyes Latin American enterprise

    Alibaba is enthusiastic about doing enterprise in Latin America, notably in Mexico, Brazil and Argentina, the e-commerce firm stated in Mexico Metropolis over the weekend.

    Chinese language shoppers are keen to acquire Latin American merchandise, particularly recent produce corresponding to Mexico’s avocado, stated Sherri Wu, head of Alibaba’s Worldwide E-commerce Enterprise Improvement for the Americas.

    “Proper now individuals love this meals. Final month, we bought over 10,000 orders (of avocado) via our channels, and we might like to have extra to supply to our clients,” stated Wu.

    Because the finish of 2014, Alibaba has been promoting avocados by way of its Tmall platform.

    “We noticed that avocado was an enormous success in 2014,” stated Wu.

    Chilean cherries and Argentine prawns have additionally loved an analogous success by way of the platform, added Wu.

    The necessity for “unique” foodstuff in China comes from a rising center class, that are extra serious about high quality items from overseas.