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Tag: retail expansion

  • Mom’s Touch Sees Strong Singapore Debut with Sales More Than Doubling

    Mom’s Touch Sees Strong Singapore Debut with Sales More Than Doubling

    Korean fast-food chain Mom’s Touch has reported strong initial performance for its first store in Singapore, with opening sales more than doubling its target. The outlet, located on South Bridge Road in Singapore’s Central Business District, launched last Friday and attracted over 200 diners on its opening day.

    This Singapore debut marks the first venture under a master franchise agreement between Mom’s Touch and FairPrice Group, Singapore’s largest retailer. FairPrice Group operates a diverse portfolio including supermarkets, food outlets, convenience stores, and pharmacies. Despite having a capacity of 90 seats, the store has maintained queues before opening each day, consistently exceeding its daily sales target by more than twofold during its first five days of operation.

    Local Adaptations and Expansion Plans

    Mom’s Touch dedicated over two years to developing ingredients, sauces, and a supply chain to meet halal dietary requirements and cater to local tastes in Singapore. The company ensured its signature items, such as the Thigh Burger, maintained their quality equivalent to those offered in Korea. The Singapore menu features market-specific items, including a spicy pepper-sauce burger, a fish fillet burger, and a burger with Australian Angus beef, egg, and cheddar cheese. Morning options like egg toast were also introduced to suit the store’s office district clientele. Prices for menu items range from 3.95 to 6.95 Singapore dollars.

    Dennis Quek, General Manager for Mom’s Touch Singapore and General Manager of FairPrice Group’s Kopitiam division, highlighted the aim of offering local customers a distinctive dining experience. Following this successful launch, Mom’s Touch plans to open a second store in a residential area of Singapore later this year, with broader expansion across the country slated for next year. The brand has been actively expanding its international footprint, having entered Thailand in 2022 and subsequently establishing a presence in Japan, Mongolia, Laos, and Uzbekistan. The company aims to operate 220 overseas stores by 2027.

    Asia’s Growing Fast Food Market

    Mom’s Touch’s strategic entry into Singapore, partnering with a retail giant like FairPrice Group, reflects a common approach for international brands seeking rapid market penetration and local relevance in Asia. Other global and regional fast-food chains have similarly adapted menus and forged local alliances to succeed in diverse Asian markets. RetailNews Asia has observed this trend across various F&B sectors, where localization and strong distribution partnerships are key to overcoming operational challenges and appealing to distinct consumer preferences in a competitive landscape.

  • Miniso Unveils First Miniso Friends Concept Store in Indonesia

    Miniso Unveils First Miniso Friends Concept Store in Indonesia

    Miniso has opened its first Miniso Friends store in Indonesia, introducing its expanded, IP-centric retail concept to the Greater Jakarta area. The new outlet is situated at Summarecon Mall Bekasi and occupies approximately 1500 square meters across two levels.

    The ground floor of the store features collectibles, including blind boxes, plush toys, and various licensed products. The lower level provides a broader selection of lifestyle, home goods, and everyday items. According to Miniso, roughly 60 percent of the merchandise consists of exclusive, first-launch, or limited-edition IP products. Initial offerings include items from One Piece 3.0, Persona, and the Sanrio Racing blind box series, alongside products featuring Sanrio, Disney, Harry Potter, and Spider-Man.

    Interactive Retail Experience

    This new store format integrates retail with interactive elements, allowing Miniso more space to present its growing portfolio of licensed and collectible goods. The opening coincides with a YoYo-themed exhibition, titled ‘YoYo’s Holiday Fun Starts at Miniso’, held in the mall’s central atrium until August 23. This event marks the character’s debut in Indonesia.

    Regional Expansion Strategy

    The launch in Indonesia follows Miniso’s strategy of expanding its larger-format stores across Asia. Last month, the retailer opened its first Miniso Land store in Macau, which represents a more premium format, as it continues to grow its IP-driven retail network throughout the region.

  • 7-Eleven Unveils First Concept Store in Macau, Emphasizing Experiential Retail

    7-Eleven Unveils First Concept Store in Macau, Emphasizing Experiential Retail

    7-Eleven has opened its first concept store in Macau, bringing an experience-focused retail format that combines a broader shopping experience with traditional convenience offerings. This expansion follows similar successful concept store launches by the brand in Hong Kong and signals a strategic move to differentiate its presence in the region.

    The new Macau store aims to serve both residents and visitors, positioning itself as a destination for exploring trend culture, unique products, and diverse food options. RetailNews Asia has observed a growing trend among convenience store operators in Asia to evolve their formats, moving beyond basic transactions to offer enhanced consumer experiences, particularly in competitive urban markets.

    Expanding The Retail Experience

    The new 7-Eleven outlet is structured around three core pillars: an innovative retail design, an exploratory shopping journey, and an expanded selection of ready-to-eat food. Its product mix includes a variety of trendy toys, collectibles, and specialty items, alongside the usual food and beverages.

    The store features 7-Eleven’s signature green tones, complemented by soft, natural lighting. An open layout is created by shelving positioned along both side walls, designed to guide customers through different product zones. This deliberate design aims to encourage discovery and longer dwell times.

    Specialty Products And Food Offerings

    A key highlight of the Macau concept store is a dedicated section for collectibles and blind boxes. This zone shows collectible toys, trading cards, and trending accessories, including popular brands like Beyblade X, JOGUMAN, and Sanrio blind boxes. The store also carries exclusive items such as the “7-Eleven meets niko and …” collaboration collection. Also, it will launch Macau-themed clicker toys styled after mahjong tiles, with plans to introduce limited-edition products periodically.

    The food and beverage selection includes 7CAFÉ and Tsat Jai Sik Dong, offering local favorites such as siu mai, fish balls, stirred noodles, and milk tea. Patrick Lui, managing director of 7-Eleven Hong Kong & Macau, indicated that the company sees significant potential in Macau for this elevated retail approach. This strategy mirrors 7-Eleven’s earlier concept store openings in Causeway Bay, Kai Tak, and Tseung Kwan O, which have successfully established themselves as neighborhood attractions.

  • Corporate Magnet Dubai Welcomes Exciting New Retail Brands

    Corporate Magnet Dubai Welcomes Exciting New Retail Brands

    The United Arab Emirates (UAE), particularly Dubai and Abu Dhabi, continues to attract global corporations, eager to tap into the region’s flourishing economy. Major players from various sectors are establishing their presence, signaling strong growth in retail and advisory services.

    Lazard Expands Its Advisory Footprint

    In a significant move, U.S. investment bank Lazard (NYSE: LAZ) has revealed plans to set up its financial advisory headquarters in Abu Dhabi, pending regulatory approval. This strategic expansion highlights the bank’s commitment to the UAE market. The company has appointed Hussain Altajir as CEO of Lazard Financial Advisory in the UAE. Altajir, who previously held a position at HSBC in Dubai, is poised to lead the company’s endeavors in the region.

    PayPal Establishes Regional Hub in Dubai

    In another notable development, PayPal (NASDAQ: PYPL) has chosen Dubai Internet City as its first regional headquarters in the Middle East and Africa. The digital payments giant serves over 430 million customers worldwide, reflecting a growing consumer trend toward digital transactions. This expansion underscores PayPal’s commitment to emerging markets, making it easier for local customers to pay and receive funds digitally.

    Influx of IT Firms and Consultants

    With financial institutions flocking to the region, IT firms and consultancy groups are quickly following suit. Recently, the German investment firm Aquila Group announced the launch of its Middle East Bureau in Abu Dhabi Global Market (ADGM), focusing on property and renewable energy investments.

    Additionally, Turkish software company Bimser has inaugurated a Dubai office aimed at supporting asset managers throughout the MENA region with their digital transformation strategies. With a customer base of 2,500 across 30 countries, including the USA, Bimser’s presence further solidifies Dubai’s status as an IT hub.

    Consultancy Expansion Continues

    London-based consultancy Third Bridge has opened a new office in Dubai, marking its twelfth global location. The firm utilizes artificial intelligence to provide high-level financial research and consulting services to banks and family offices. With a global team of over 1,300 professionals, Third Bridge’s expansion reflects a broader trend toward integrating AI into financial advisory services.

    Conclusion: A Booming Retail Landscape

    The recent influx of global brands into the UAE illustrates a robust landscape for business and consumer activity. As corporations capitalize on the region’s economic growth, consumers can expect enhanced services and innovative solutions in retail and finance. The continued brand expansion signifies a promising future for the retail sector, driven by evolving consumer trends and heightened demand for digital services.

  • Lego Mosaic Maker opened first store in Yokohama

    Lego Mosaic Maker opened first store in Yokohama

    Danish toy producer Lego has opened a store in Yokohama Landmark Plaza this week, introducing “Lego Mosaic Maker” to Japan. One of only five in the world, the Lego Mosaic Maker is a machine that can reproduce your face in mosaic feature with Lego blocks.

    Visitors enter a booth and take a photo of their face, creating a kit that can make the mosaic in around 10 minutes and which can be offered as a gift for family or friends.

    Use of the mosaic maker is by advance reservation only for a fee of ¥10,455 (US$93). Other special promotions are available in-store.

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  • Jollibee Sets Up Shop in Manhattan

    Jollibee Sets Up Shop in Manhattan

    Philippine fast-food restaurant chain Jollibee is opening its first Manhattan location next Saturday. The Jollibee Manhattan store will be the brand’s second store in New York State, and the 37th in the US. “We are excited to finally open our doors in the heart of bustling Manhattan, which is not just a centre of business and finance, but a major cultural and entertainment hub that receives millions of visitors from around the world each year,” said Jose Minana, Jollibee Foods Corporation’s (JFC) group president for North America.

    “The diversity of the food culture and the fast pace of living here make it perfect for our new Jollibee store location.”

    Maribeth dela Cruz, VP and GM at JFC North America expects the opening to draw long lines of customers.

    Jollibee Manhattan store located at 609 8th Ave., New York, NY 10018 opens Saturday, October 27. (Photo credit: Elton Lugay (Instagram/elton_lugay))

    To celebration the store, Jollibee will award free Chickenjoy for a year to the first 40 customers in line. Exclusive Jollibee Funko Pop! figures and other Jollibee collectibles will be up for grabs, too, to mark Jollibee’s 40th anniversary.

    Jollibee operates in 20 countries, with more than 4200 stores globally. The first North America store was opened in 1998 in California.

    JFC has an 85 per cent stake in US burger chain Smashburger, and has recently entered into an agreement with Mexican fast-casual restaurant chain Tortas Frontera for expansion.

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  • Bath & Body Works to open first store in India soon

    Bath & Body Works to open first store in India soon

    Major Brands, India’s leading retailer for premier international fashion apparel, accessories and beauty brands is all set to launch Bath & Body Works first store in Mumbai at Palladium soon. Having established itself as one of the best and most sought after personal essentials and home fragrance brand, the Palladium store will be spread over 900 sq.ft that will allow customers to explore an extensive array of fashion fragrances for the bath, body and home.

    From fun and flirty scents to sophisticated and exotic fragrances, Bath & Body Works offers a wide range of world-class fragrances to suit every personality and occasion. Hallmark collections of the brand, including the Signature fragrances and White Barn Home Fragrance will also be available at the store.

    Launched in 1990, the brand’s portfolio today comprises over 200 different fragrances including the iconic Sweet Pea, Japanese Cherry Blossom, A Thousand Wishes, Aromatherapy, Hello beautiful as well as new seasonal releases.

    Earlier this year, the brand opened two of its flagship stores in New Delhi at Select Citywalk and Mall of India.

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  • Mr DIY ready for massive growth by 2020

    Mr DIY ready for massive growth by 2020

    Malaysian home improvement retailer Mr DIY has announced plans to open at least 1000 branches by 2020. The announcement was made at the opening of its latest outlet at Paradigm Mall, its 440th local branch and 600th global branch. The brand currently operates 120 stores in Thailand, 40 in Indonesia, four in Brunei, and one each in Singapore and the Philippines.

    Mr DIY head of marketing Andy Chin said: “We feel that our home improvement retail business model, offering a variety of goods at affordable prices, is suitable for better business growth in the country as well as the Asean market. At the end of this year, we target 700 global branches, and the number may reach 1000 or more by 2020. These will be based on an organic growth.”

    He added that the company’s prospect of Asean-level expansion will be focused on Indonesia, Thailand and the Philippines,” said Chin.

    Mr DIY is the largest home appliance retailer in Malaysia with more than 20,000 SKUs.

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  • Eslite to open in Japan with partner

    Eslite to open in Japan with partner

    Taiwanese bookstore chain Eslite is planning to expand into Japan. The prominent bookstore business is using the move to build its international profile, and has announced its plans as amounting to a “new starting point for cross-culture ventures”. Eslite’s Japanese partner has yet to be named.

    The firm’s long-term plan is to expand into Southeast Asia, and it has been contacted by multiple potential partners, according to chairperson Mercy Wu. It is currently considering potential different modes of partnership.

    Eslite is a prominent name in the books industry in Taiwan, with 42 stores nationwide, as well as an additional three in Hong Kong and one in Suzhou.

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  • New McDonald’s set to expand faster in China

    New McDonald’s set to expand faster in China

    Some 2,000 quick service outlets to open by 2022 in small cities

    McDonald’s Corp, the global fast-food chain that has forged a new partnership in China last month, will expand faster by opening 2,000 new restaurants in the next five years.

    They will be set up mostly in third-and fourth-tier cities with a focus on take-aways and digitalized services.

    The company said it will increase its expansion pace from about 250 new outlets this year to 500 per year from 2022 onward.

    It did not disclose other details like the scale of new investments that would ensue.

    The new partnership, jointly established by CITIC Ltd, CITIC Capital, Carlyle Capital and McDonald’s, paid $2.08 billion for the US-based fast food chain’s business in the Chinese mainland and Hong Kong.

    The deal received regulatory approval and was completed on July 31.

    The new company will become McDonald’s largest franchisee outside of the United States.

    CITIC Ltd and CITIC Capital together hold a majority 52 percent stake in the new company, while Carlyle Capital will hold 28 percent, and McDonald’s 20 percent.

    Currently, McDonald’s operates and manages 2,500 restaurants in the Chinese mainland, including 600 franchises, and 240 restaurants in Hong Kong.

    The new company will manage all the 2,000 new restaurants directly.

    Despite McDonald’s global dominance, KFC, owned by Yum China, has bigger presence in the Chinese quick service restaurant. Yum China runs more than 5,000 KFC restaurants in over 1,100 cities and counties.

    KFC’s wide presence in China appears to have bolstered the confidence of McDonald’s investors in the new expansion plan, industry insiders said.

    The new partnership of McDonald’s aims to achieve double-digit sales growth annually in the next five years.

    The goal includes delivery coverage of 3,375 restaurants or over 75 percent of the total.

    “China will soon become our largest market outside of the United States,” said Steve Easterbrook, McDonald’s president and CEO.

    “The mainland and Hong Kong are leading the global system in capturing new consumer trends such as delivery and digitalization and it is driving strong performance and growth momentum.”

    Zhang Yichen, the new chairman of McDonald’s China, said restaurant ownership at the local level will foster entrepreneurial spirit within the company.

    For example, considering the strong demand for takeout food and the population density in China, Zhang emailed Easterbrook regarding the need to develop a customized software system for the Chinese market.

    The latter dispatched McDonald’s global IT team to support the China business. Now, the take away operation in China tops the global chain’s comparable systems across markets.

    Zhang said CITIC has more than 1,400 bank branches in China. Besides, CITIC and Carlyle’s extensive resources and market expertise in real estate, supply chains, retail, consumer goods and technology, coupled with the global quality standards and branding of McDonald’s, will prove to be a winning formula.

    Jason Yu, general manager of Kantar Worldpanel China, a firm that researches shopper behavior, said, “CITIC operates many branches in third-and fourth-tier cities, and they understand the local market, hence will be able to help McDonald’s to choose appropriate sites for new restaurants and also provide useful real estate information.”

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  • Cold Stone Announces Malaysian Expansion

    Cold Stone Announces Malaysian Expansion

    Scottsdale, Ariz.-based Cold Stone Creamery has signed a master franchise agreement with Srivijaya Sdn. Bhd. to expand its presence into Malaysia. The company plans to roll out 20 stores over the next five years, beginning with a location in Kuala Lumpur.

    Cold Stone operates approximately 300 international outposts in more than 28 markets.

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  • Gemfields introduces Faberge to India

    Gemfields introduces Faberge to India

    Faberge, owned by UK emeralds and rubies mining company Gemfields, is the latest in a growing list of global luxury brands to enter India.

    It is following on the heels of such brands as Burberry and Rolex as India’s economic expansion spawns more billionaires than in Japan, the traditional bastion of ultra-rich in Asia, reports ET Retail.

    Faberge, an ultra-luxury jeweller known for its Easter eggs and tracing its roots back to Russia in the days it had royalty, will set up in Delhi and Mumbai, selling its products through select showings for the uber-rich.
    “India and other Asian markets have tremendous potential,” says Faberge CEO Sean Gilbertson. “Asia has largely been an unexplored area for us.”

    Faberge, which retails through 39 multi-brand outlets including Harrods and Mayfair, plans to hold more trunk shows in Hong Kong, Malaysia and Singapore.

    Products being sold in India include coloured gemstones, emeralds, rubies and sapphires, and timepieces including the award-winning Lady Compliquee peacock watch. Prices range from US$5000 to $3 million.
    Founded in 1842, the company was founded by Peter Carl Faberge, who was official goldsmith to the Russian Imperial Court.

    In the quarter to the end of December, Faberge’s sales jumped by 48 per cent over the same period in 2015, says Gemfields, while the average selling price per piece increased by 12 per cent.

    Faberge has not been affected by the overall slowdown in the luxury market, says Gilbertson, as it deals with a smaller clientele with an average selling price “extraordinarily high compared with most other brands”.

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  • Topshop to open 80 stores in mainland China

    Topshop has signed a deal with a Chinese partner that could lead to up to 80 stores being opened in mainland China with the first opening in spring/summer 2017.

    The British high street retailer has agreed a deal with Shangpin, which already sells the Topshop brand on Shangpin.com. It is anticipated that the first store will be opened in either Beijing or Shanghai in the spring or summer of next year.

    In a statement Topshop owner Sir Philip Green said: “For the first time both brands will deliver high fashion to the shop floor and beyond by opening full-scale stores in China — host to the world’s fastest-growing retail economy.”

    Green owns a 75% stake in Topshop having sold 25% to US private equity firm Leonard Green & Partners in 2012. The brand, which is the jewel in the crown of Green’s Arcadia Group, has 300 stores in the UK and 140 in international territories including 10 in the US.

  • Alipay reaches Australian stores

    Alipay reaches Australian stores

    Innovative Australian payments provider Quest Payment Systems is launching Alipay in Australian stores.

    Its collaboration with Alipay, the world’s largest mobile and online payment company, will make it easy for Chinese nationals to pay for purchases in-store using their mobile phones, and in their own currency.

    Quest has designed the software to integrate with POS systems to ensure a seamless experience for both retailers and customers.

    Tourism Australia says Chinese visitors spent a record AU$8.9 billion over the 12 months to March this year. On average, Chinese tourists spend about AU$8000 each visit to Australia.

    Quest has already enabled Alipay at select stores within The Chemist Warehouse and My Chemist pharmacy groups, with full rollout planned for early next year.

    Quest innovation manager Luke Fuller says Alipay customers in Australia simply need to scan a code displayed on a payment terminal screen in order to pay from their mobile phone. “It’s simple, intuitive and ensures the customer can see exactly what their purchase will cost in both Australian dollars and their local currency.”

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  • New York milestones for Japanese jeweller Tasaki

    New York milestones for Japanese jeweller Tasaki

    Japanese luxury jewellery Tasaki plans to open its first US standalone store in New York City next year.

    It will also be the retailer’s first directly run store in the US.

    tasaki

    Tasaki also has a directly run store in London, plus an outlet at Hong Kong’s Lee Garden. The brand is already available at Barneys New York and Dover Street Market in New York City, Ikram in Chicago, The Webster in Miami and Capitol in North Carolina.

    Founded in 1954, Tasaki began producing and selling pearls domestically before opening a design office in 1962 to create other jewellery designs. In 2009, the company hired New York City-based designer Thakoon Panichgul as creative director.

    Tasaki jewellery is available in nine countries including China, Japan, Korea, Malaysia and Taiwan.

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