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Tag: Macau

  • T Galleria unveils new magnificence idea retailer

    T Galleria unveils new magnificence idea retailer

    T Galleria by DFS has a brand new luxurious magnificence retailer idea – T Galleria Magnificence by DFS.

    The shop focuses purely on cosmetics, skincare and fragrances, permitting its clients to find “a world of private magnificence experiences in a single prestigious location”.

    The obligation free retailer has opened its first T Galleria Magnificence by DFS retailer at Macau Galaxy and can broaden the idea to Hong Kong with the opening of T Galleria Magnificence by DFS at Hysan Place in July.

    “The world’s first T Galleria Magnificence by DFS retailer will supply an unrivalled new purchasing expertise, that includes the most effective choice of magnificence manufacturers and fragrances within the coronary heart of Macau,” stated Benjamin Vuchot, area president, North Asia for DFS Group.

    “Our new retailer focuses on delivering an immersive expertise to reinforce the journey of our clients.”

    DFS says the idea represents a “new strategy to magnificence buying”, embodying magnificence and class to create an unique world of skincare, fragrances and make-up.

    Designed by French luxurious retail design agency Malherbe, the 11,133 sqft Galaxy Macau retailer leads the client by means of an experiential world. Guests to the brand new retailer may also be capable of uncover the primary Hermes Parfums and Hermes Le Bain stand-alone perfume boutique in Macau.

    The shop shares a choice of 22 world-renowned magnificence manufacturers together with Dior, Estée Lauder, Guerlain, Hermès, La Mer, La Prairie, and Lancôme. DFS exclusives embrace Clé de Peau’s Radiance Trio Set and L’Occitane’s Good 10 Hand Cream Set.

    DFS may even introduce its famed Magnificence Concierge to T Galleria Magnificence by DFS at Galaxy Macau. Magnificence Concierge is a complimentary highly-bespoke service which focuses on the client’s private wants and preferences. Clients will uncover tailor-made providers overlaying pores and skin evaluation, pores and skin remedies, make-up session, personalised providers, and specialty massages.

    The brand new idea additionally options the Loyal T by DFS program, the world’s most in depth international luxurious rewards program masking over 700 manufacturers in 26 airport and T Galleria by DFS shops in 10 nations throughout three continents.

    Clients of T Galleria Magnificence by DFS shops, like all DFS clients around the globe, are offered a 100 per cent International Assure, making certain all merchandise is totally genuine and that after-sales service facilities will refund, restore and settle for the return of merchandise worldwide.

    T Galleria Magnificence by DFS at Galaxy Macau marks the third DFS launch within the worldwide enclave. Two different shops embrace T Galleria by DFS at Shoppes at 4 Seasons and Metropolis of Goals.

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  • Chow Tai Fook boosts community as gross sales slip

    Chow Tai Fook boosts community as gross sales slip

    Chow Tai Fook added 180 new factors of sale within the 2015 monetary yr and says it’s going to proceed to increase regardless of the slip in gross sales.

    The corporate now has 2257 factors of sale, largely in Hong Kong, mainland China and Macau.

    “Whereas it’s essential to take care of our market management, we’ll proceed to pay shut consideration to our level of sale technique and make immediate revisions when mandatory throughout unpredictable financial occasions,” the corporate stated in its earnings assertion.

    Chow Tai Fook’s income decreased by 17 per cent to HK$64.277 billion in FY2015 in comparison with HK$77.407 billion within the previous yr. General similar retailer gross sales declined 24.1 per cent, amongst which jewelry enterprise in Mainland China and Hong Kong and Macau recorded a decline of 16.1 per cent and 32.eight per cent respectively.

    The corporate stated a part of the decline was resulting from gold gross sales coming down from a excessive base through the 2014 yr when commodity costs have been unusually excessive.

    Income from gem-set jewelry as a proportion of income elevated by 5.9 per cent to 27 per cent.

    Gross revenue decreased by 9.eight per cent to HK$19.072 billion, however gross revenue margin improved from 27.three per cent to 29.7 per cent.  As on the finish of March it operated 30 eCommerce platforms, (11 greater than a yr earlier) together with its direct web site Chow Tai Fook eShop and all main third-party market platforms in Mainland China, specifically Tmall.com, JD.com, VIP.com, Suning.com, mei.com, and Amazon.cn.

    “With a mean promoting worth of round HK$1000, our eCommerce platforms supply a youthful line of merchandise with decrease entry costs, concentrating on the youthful clients who type a big  portion of internet buyers. In response to the wants of the youthful era, a few of our merchandise are provided solely on our e-commerce channels, and we’re placing extra emphasis on the quickly rising cellular platforms within the coming yr.”

    The corporate additionally accomplished the acquisition of Hearts On Hearth, the worldwide model it took over in August to spice up its product vary and supply. Chow Tai Fook has already opened its first Hearts On Hearth retailer in Mainland China, in Shanghai

    Chow Tai Fook says within the yr forward it’s going to stay dedicated to a balanced strategy of progress and return,

    It plans so as to add an extra 150-160 factors of sale to its mainland China community.

    “We consider room for enlargement continues to be vital for us, as we’re presently current in simply 484 cities out of over 700 within the nation. To make sure our new additions will absolutely seize market potential, we’ll concentrate on decrease tier cities and depend on native experience and professional information to facilitate market entry. As well as, we shall be conducting upgrades in  roughly 10 per cent of our present POS to “high-end luxurious” or “magnificence” fashion over the subsequent three years in response to the evolving retail panorama. A lot of the upgrades will occur in Tier I and II cities, the place buyer expectations are typically greater.”

    In Hong Kong and Macau, the emphasis shall be on effectivity, because it continues to consolidate its retail community the place applicable to handle rental prices.

    “Abroad market stays a strategic element in our market improvement plans — our imaginative and prescient stays that we be the trusted model wherever Chinese language shoppers populate or ceaselessly go to; we now have set foot in Taiwan, Malaysia and Singapore — in addition to our latest regional market: South Korea.”

    Chow Tai Fook additionally sees vital additional progress alternative in eCommerce. “Whereas we consider the core of our enterprise has by no means been modified, this initiative intends to discover methods to extract O2O synergy and to assist us keep related with our clients, particularly the youthful generations, in interactive and revolutionary methods.”

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  • Symphony EYC strengthens Asian arm

    Symphony EYC strengthens Asian arm

    Symphony EYC, which supplies software program and providers for greater than 1000 retailers, producers and wholesalers globally, has made two key Asian government appointments.

    Oscar Garcia-Velasco turns into VP Asia Pacific and Japan and Henry Chen GM of Higher China.

    “With Garcia-Velasco and Chen in place, Symphony EYC is properly positioned to satisfy demand for the G.O.L.D. Unified Retail Platform within the quickly rising Asia-Pacific markets,” the corporate stated in a press release.

    Garcia-Velasco shall be answerable for creating the Symphony EYC G.O.L.D. buyer base, becoming a member of the corporate from NET (internet), the place he was answerable for creating and increasing NET (internet)’s providers and market management in Asia, the Center East and Latin America. With greater than 25 years of IT business expertise, Garcia-Velasco has held government management positions with giant IT organizations, akin to IBM, SSA and Torex all through Europe, Latin America, Asia Pacific and Japan.

    Reporting to Garcia-Velasco, Chen will handle all Symphony EYC G.O.L.D. enterprise in Higher China, comprising Mainland China, Hong Kong, Macau and Taiwan. Chen has greater than 15 years’ expertise working with main distributors, akin to SSA International, Infor and Torex, in bringing retail, manufacturing and distribution options to the Chinese language market.

    “With Oscar Garcia-Velasco on the helm of our Asia-Pacific operations and Henry Chen supporting him in China, Symphony EYC enhances the management it must benefit from the elevated demand for omni-channel retailing in addition to the robust financial progress within the area,” stated Graeme Cooksley, president & MD, Symphony EYC G.O.L.D.

    “Each Garcia-Velasco and Chen are distinctive people with strong backgrounds and deep area experience in enterprise retail techniques.”

    Symphony EYC clients embrace 15 of the world’s 30 largest retailers, hundreds of retail manufacturers, and lots of of nationwide and regional chains.

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  • China leads L’Occitane progress

    China leads L’Occitane progress

    Hong Kong-listed L’Occitane says international gross sales elevated 11.7 per cent final monetary yr – largely pushed by Hong Kong and China.

    The skincare and cosmetics model achieved gross sales progress in each market in Asia and past.

    In Hong Kong, the place the corporate expanded its retailer community from 32 to 36, the corporate posted gross sales of euro 23.5 million, up 21.2 per cent in native foreign money.

    In China, the place it expanded its community by 25 to 161, its gross sales reached euro 23.1 million, up 28.9 per cent.

    Complete international gross sales topped euro 1.178 billion with similar retailer gross sales up 5.7 per cent. China and Hong Kong have been the quickest rising markets at fixed change charges as properly. Internet revenue rose 35.7 per cent to euro 125.6 million.

    The corporate attributed the constructive outcomes to cautious manufacturers positioning, pricing, on-line actions and beneficial trade charges.

    “The continued investments in product innovation, merchandising, digital and CRM initiatives, advertising in addition to gross sales distribution channels enabled the group to cater the rising demand for our top quality merchandise,” stated the corporate in its earnings assertion.

    “The administration has adopted a selective multi-channel strategy to spice up gross sales and expects investments within the digital and journey retail channels as key drivers of future progress. The continual upgrading and increasing of our retail community, selectively and punctiliously, by means of retailer renovations and relocations has began to bear fruits. All key markets delivered progress in native foreign money.”

    L’Occitane’s internet gross sales in Japan rose by six per cent, or by eight.eight per cent on fixed change price foundation, contributing 14.four per cent to general progress. The corporate stated Japan’s enchancment was the results of profitable product launches, new retailer openings and renovations, elevated media and advertising investments and an general improve in vacationer purchases.

    “The turnaround in Japan market mirrored administration’s endeavor in executing a constant technique up to now few years and to reinforce the model’s premium positioning in Japan which is the most important market of the group. The robust progress of Melvita in Japan additionally presents an ideal alternative to additional construct this rising model and unlock its full potential.”

    Taiwan’s internet gross sales rose 7.three per cent, or by2.6 per cent on fixed trade charges.

    The wholesome similar retailer gross sales progress was attributable to profitable new product launches, and an enchancment within the retail retailer community, the corporate stated.  Non-comparable shops, nevertheless, recorded a drop of 6.2 per cent, primarily because of the disposal of the Melvita enterprise to an area distributor in 2014.

    Plan to strengthen different manufacturers

    L’Occitane stated that with its ongoing dedication to a multi-brand technique, the group will particularly strengthen model recognition within the yr forward for its rising manufacturers like Melvita, L’Occitane Au Brésil and Erborian via efficient advertising campaigns.

    “The group will proceed to revamp its Melvita model and to introduce its Erborian model to extra markets, in flip additional develop its model portfolio.”

    The group additionally plans to implement a brand new advertising program to reinforce the L’Occitane model consciousness in international markets. It says it is going to undertake measures specializing in digital advertising, advertising communication, product sampling in addition to the opening of interesting flagships with optimised footfall and gross sales conversion. Extra particulars and progress shall be reported regularly.

    “The group will proceed to protect and improve the id of its star model L’Occitane en Provence in addition to different rising manufacturers via a number of channels. In addition to its instantly owned, renovated retail outlets, the group is specializing in retailing its pure ingredient based mostly well-being merchandise via journey retail, on-line market, in addition to environment friendly wholesale channels.

    “The booming development of journey retail all over the world and ever-growing eCommerce market in China permits us alternative for market outreach. The group will undertake efficient advertising approaches, on-line and offline, in an effort to additional raise up its model profile and to cater the rising demand in these platforms.”

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  • Belle Worldwide thrives in robust occasions

    Belle Worldwide thrives in robust occasions

    Robust progress in sportswear gross sales helped Belle Worldwide obtain an eight.7 per cent improve in income within the yr to February, regardless of a difficult larger China retail market.

    Belle Worldwide manufactures, distributes and retails footwear and footwear merchandise and sells sportswear and different attire, primarily in China, Hong Kong and Macau.

    It owns footwear manufacturers Belle, Teenmix, Tata, Staccato, Senda, Basto, Pleasure & Peace, Millie’s, Skap, :15Minutes, Jipi Japa and Mirabell. And it distributes Bata, Clarks, Hush Puppies, Mephisto, Merrell and Caterpillar, amongst others.

    Complete income was RMB 40 billion (US$6.45 billion)  for the yr ended February 28.

    Income from the footwear enterprise elevated by three.2 per cent, whereas the sportswear and attire enterprise gross sales elevated by 17.2 per cent.

    Belle Worldwide says the comparatively quick progress of the sportswear and attire enterprise was primarily because of the comparatively greater similar retailer gross sales progress.

    Working revenue elevated by 9.three per cent to RMB6.193 billion.

    In a press release, Belle stated footwear gross sales declined by 4 per cent on a similar shops foundation, and the corporate had adopted a cautious strategy to new retailer openings.

    “Such a decline was barely narrower than the general gross sales decline within the footwear departments throughout over 2000 malls based on knowledge collected by the group. [Our] mixed market share of the footwear manufacturers was barely up. Inside similar retailer gross sales, common promoting worth was up barely and quantity was down.”

    Within the full yr Belle added 876 internet additions to its footwear retailer community, representing a internet improve of 6.6 per cent yr on yr.

    “Underneath the present financial backdrop most channel operators are very cautious. As such the group expects very restricted additions to the footwear retail community within the close to future.”

    Within the sportswear and attire enterprise, similar retailer gross sales progress exceeded 10 per cent. The typical promoting worth elevated by low single digit, principally because of the normalisation of retail markdowns.

    The corporate added a internet 504 shops to its attire and sportswear community, representing a internet improve of eight.5 per cent.

    “The tempo of community enlargement within the sportswear and attire enterprise was barely quicker than that of the footwear enterprise primarily as a consequence of two causes. First, the sportswear and attire enterprise has a comparatively diversified channel mannequin, which allows extra flexibility in opening new shops. The footwear enterprise, then again, is extra reliant on the division retailer channel. Second, the style attire enterprise of Baroque China was rising at a comparatively quick clip. General, within the close to future the tempo of latest retailer opening shall be comparatively sluggish for the sportswear and attire enterprise, reflecting a cautious outlook within the channels and the prevailing setting.”

    Belle Worldwide says in the course of the subsequent three to 5 years the group will proceed to give attention to the retail of footwear and sportswear merchandise.

    “From a long run strategic perspective, the group has decided to enter the style attire class and is within the strategy of cultivating related expertise and expertise on this subject. Such a technique, totally different from one which pursues unrelated diversification, is predicated on the next issues. First, the style attire enterprise is intently associated to the style footwear enterprise on account of overlap within the buyer base in addition to synergies in community enlargement and retail administration. Second, trend attire, particularly the fashionable strains, being on the slicing fringe of world trend, will assist us get a greater understanding of style developments and shopper preferences. Third, the retail format in developed markets is often centered round a specialty model, overlaying a number of product classes. Lively penetration into the style attire class will allow us to experiment and discover future retail codecs.”

    The group has been partnering with Baroque to develop the China enterprise collectively for simply over one yr, with promising progress and outcomes. On the one hand, enterprise improvement into new areas. Earlier than the partnership with the Group, Baroque China was solely working retail shops in tier one cities comparable to Beijing and Shanghai as a result of it didn’t possess sufficient retail administration assets to help cross-region improvement on a nationwide scale.

    “With a robust retail platform nationwide we’ve been capable of present robust help for Baroque in its channel improvement efforts. Since 2014 Baroque methodically entered new markets together with Shenzhen, Wuhan, Chengdu, Hangzhou and Changsha, with a nicely outlined plan to additional penetrate second tier cities. Then again, enchancment in managerial efficiencies. Earlier than the partnership with the Group, Baroque was dropping cash in China on account of restricted scale and relative excessive value. With the help of the extremely environment friendly again workplace, Baroque not solely achieved quicker community enlargement but in addition managed to enchancment the standard of operations, leading to larger gross revenue margins whereas preserving bills in management. In 2014 Baroque was breaking even in its China enterprise.”

    Within the close to time period, the Group will proceed to actively develop the Baroque China enterprise, growing market penetration of present manufacturers together with Moussy and Sly, whereas actively contemplating introduce new manufacturers beneath the Baroque portfolio which might be profitable within the Japan market.

    “On the enterprise again finish [our] priorities are cultivating a localised staff able to product assortment and product design, enhancing the availability chain mannequin aimed toward decreasing value and growing flexibility and responsiveness.”

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  • Macau retail gross sales stoop

    Macau retail gross sales stoop

    A downturn in casino-bound vacationers is undoubtedly behind a droop in Macau retail gross sales.

    Chinese language information company Xinhua studies Macau retail gross sales within the first quarter dropped by 11 per cent yr on yr.

    In comparison with the earlier quarter, gross sales dropped 5 per cent.

    First quarter gross sales totalled 16.41 billion patacas (US$2.05 billion), in response to the Statistics and Census Bureau.

    Gross sales of watches and jewelry which accounted for 23 per cent of complete gross sales slumped 31 per cent to three.73 billion patacas. Leather-based items fell 28 per cent, items bought in department shops by 13 per cent and automobiles by 13 per cent. However gross sales of telephones rose 56 per cent, boosted by the introduction of latest fashions.

    Retail gross sales measured by quantity fell three per cent in first quarter of 2015 in contrast with the final quarter of 2014. Leather-based items and meals have been the most important movers, down 14 per cent every, watches and jewelry down 13 per cent, automobiles down 12 per cent.

    However telephone gross sales rose by 25 per cent.

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  • Tod’s rues anti-graft program

    Tod’s rues anti-graft program

    China mainland’s anti-corruption campaign has taken its toll on Italian luxurious footwear model Tod’s’ Hong Kong gross sales.

    So, too, the altering demographic of mainland vacationers, which rival trend manufacturers have additionally blamed for softening gross sales.

    Tod’s says mixed China gross sales fell 15 per cent noting buyer visitors in its shops, and spending, skilled a “giant lower” within the quarter.

    Larger China gross sales accounted for 20.1 per cent of the corporate’s complete international turnover of euro 257.7 million, up one per cent on the identical quarter in 2014. China gross sales have been thus euro 53.9 million.

    Gross sales in Italy accounted for 34.eight per cent of its complete gross sales.

    Tod’s additionally famous in its report that rents are “too excessive” in Hong Kong.

    The group has 79 of its personal outlets in higher China, together with 67 within the mainland, 11 in Hong Kong and one in Macau. It has one other 25 franchised shops throughout the area.

    This yr the corporate expects to open new shops in Chongqing and Zhengzhou underneath its personal possession and one other, franchised, outlet in Sanya.

  • Melco Crown Entertainment teams up with Taubman Asia to develop Boulevard project at Studio City resort in Macau

    Melco Crown Entertainment teams up with Taubman Asia to develop Boulevard project at Studio City resort in Macau

    Melco Crown Entertainment and Taubman Asia, the Asian arm of the US Mall operator Taubman Centres, on Thursday unveiled plans to develop the Boulevard project at Macau’s entertainment, retail and gaming resort, Studio City.

    Studio City is a new cinematically-themed entertainment and leisure destination in Macau which is scheduled to open in the third quarter of 2015. Taubman Asia is providing merchandising, marketing and management services for its retail project.

    “The Boulevard at Studio City, a unique, 300,000 sq. ft. ‘immersive’ retail entertainment environment, will bring the world’s best shopping to life in Macau by transporting guests to high-energy street-scapes, entertaining them at every turn with featured streets and squares inspired by iconic shopping and entertainment locations, including New York’s Times Square and Hollywood’s Beverly Hills,” the two companies said in a statement.

    The retail project will open in the third quarter this year, coinciding with the opening of the Studio City integrated resort.

    “Taubman Asia is in the business of creating world-class experiences for our customers,” said René Tremblay, President of Taubman Asia. “Along with Melco Crown Entertainment, we are developing a one-of-a-kind retail entertainment experience that will cater to the discerning tastes of Greater China’s consumers.”

    Taubman Asia has conducted detailed research of the Macau landscape in order to develop a strategic and focused approach which brings together the right mix of fashion-forward brands to deliver an unmatched retail experience for customers.

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  • Dairy Farm boosts Macau reach

    Dairy Farm boosts Macau reach

    Hong Kong’s Dairy Farm International has acquired the Macau-based supermarket operator, San Miu Supermarket.

    The purchase price was not disclosed.

    San Miu operates 15 mass-market supermarkets with an average gross store size of approximately 9500 sqft.

    In a statement, Dairy Farm said the purchase of San Miu reinforces Dairy Farm’s retail presence in Macau, and complements its well-established convenience store and health and beauty businesses in the territory.

    Dairy Farm Group, together with its associates and joint ventures, operates more than 6100 outlets – including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing over 100,000 people. It posted total annual sales in 2014 exceeding US$13 billion. It is a member of the Jardine Matheson Group.

     

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