Tag: Shop

  • Birkenstock opens House of Birkenstock in Singapore

    Birkenstock opens House of Birkenstock in Singapore

    German shoe manufacturer Birkenstock has launched its House of Birkenstock in Singapore, marking the first of its kind in Asia.

    The store, located in one of the Duxton shophouses, combines the local design elements with its traditional German heritage. It is also Birkenstock’s seventh location in Singapore.

    The store’s entrance includes a traditional Chinese wooden signboard, handmade paper lanterns and the installation of vintage tiles. There is also a 6-meter-high Birkenstock feature wall and a contemporary Peranakan water feature.

    The space offers more than 200 models and is also the first store in Southeast Asia to offer the Birkenstock 1774 collection.

    In addition, Birkenstock plans to introduce different services in the future, including customization and repairs, strengthening its sustainable commitment.

    The brand said it is growing its presence in the APMA (Asia Pacific, Middle East and Africa) region with new store openings in selected locations.

    Birkenstock named Tiffany Wu as MD for Greater China last month to lead the footwear company’s expansion in the region.

  • Miniso to open its first UK ‘Blind Box’ store

    Miniso to open its first UK ‘Blind Box’ store

    Chinese lifestyle brand Miniso will open its first UK “Blind Box” store on Shaftesbury Avenue, London on September 29.

    The new store will offer customers more than 50 blind boxes, capitalizing on the blooming blind box craze. According to Miniso, the new store “represents an exciting new shopping experience”, bringing Miniso’s characteristic sense of choice to the heart of downtown London.

    The new 40sqm store will house Miniso’s co-branded blind box collections with some of the IP owners. Shoppers will find Sanrio, Disney Pixar, Tokidoki, We Bare Bears, Minions, and Winnie the Pooh blind boxes. Miniso’s original products, including plush toys and accessories, will also be available at the store.

    “Our first blind box store marks a major milestone for Miniso,” said Saad Usman, COO of Miniso UK.

    “The unknown element of blind boxes adds mystery and excitement to the shopping experience, and we’re delighted to bring this special store to London. Blind boxes are now a major part of our global strategy, and this new store marks the latest development as we move forward with our global expansion.”

    Launching Miniso’s first “Blind Box” store is the latest step in the brand’s ongoing global expansion plan as it strives to become a global lifestyle super-brand. The company has around 5800 outlets worldwide, with more than 20 of them located in the UK, including London, Manchester, Nottingham, Belfast, and others.

  • Don Quijote reports record net profit driven by tax-free sales

    Don Quijote reports record net profit driven by tax-free sales

    Pan Pacific International Holdings, the company that operates the Don Quijote discount chain, reported on Wednesday a net profit of 66.1 billion yen ($455 million) for the fiscal year ending June, hitting a record profit for the 14 consecutive year thanks to foreign tourist spending.

    Revenue reached 1.9 trillion yen, and operating profit was at 105 billion yen, crossing the 100 billion yen mark for the first time.

    PPIH said it has benefited from a recovery in spending by foreign tourists visiting Japan, accelerated by the depreciation of the yen and their enthusiasm for being freed from paying Japan’s 10% consumption tax on purchases of 5,000 yen or more, a benefit Don Quijote actively promotes.

    For the January-March quarter, the company had reported sales and operating profit at its discount store business have been rising steadily due to “increased demand for outings and recovery of inbound travel.”

    “We have strengthened the ‘power to earn,’” Naoki Yoshida, president and CEO, said at a news conference on Wednesday. He added that the company endeavors to gain strength in this new age of inflation, to devise strategies to increase unit price per customer spending and find new ways to get shoppers coming back more frequently.

    By nationality, South Koreans continue to lead the way in tax-free sales. For the January-March quarter, the company reported an increase in customers from Taiwan during the Chinese New Year string of holidays in late January.

    Now with China lifting its ban on group travel, sales are expected to rise even further, Yoshida said. For the year ending June 2024, the operator expects to make 80 billion yen in tax-free sales.

    PPIH has expanded into Singapore, Thailand, Taiwan and Hong Kong, where its stores are called Don Don Donki. Yoshida has mentioned that the company needs more time to reach higher profits overseas.

    The operator plans to add 12 more overseas locations and at least 25 in Japan.

    PPIH said it expects its operating profit margin to remain over 5% in fiscal 2024.

  • WinMart’s loss triples in 2022

    WinMart’s loss triples in 2022

    WinCommerce, the operator of WinMart retail chain, saw its loss tripling from 2021 to VND445 billion ($18.97 million) last year.

    Since being acquired by Masan Group from Vingroup in 2019, WinCommerce has not been able to turn a profit.

    Its revenues declined 5% to VND29.37 trillion last year. Its equity rose marginally to VND3.98 trillion, and debts were at VND14.32 trillion.

    WinCommerce is Vietnam’s biggest retailer in terms of number of outlets. It had 3,268 WinMart+ stores and 130 WinMart supermarkets by the end of December.

  • Ikea to open its first shopping mall in India

    Ikea to open its first shopping mall in India

    Ingka Centres, part of Ingka Group, is set to open a mixed-use development in Gurugram, Southwest of New Delhi, marking Ikea’s first shopping mall in the country.

    Construction is set to start early next year, with an investment of US$448 million. The project, with a gross building area of around 130,000sqm, is expected to generate more than 2500 jobs for the community.

    Dubbed ‘Livat’, a Swedish word that means ‘a lively happening’, the mixed-use development will house a mix of hospitality, food, and beverage, ‘edutainment’ learning spaces, alongside a wide retail offer anchored by an Ikea store.

    “We know that when it comes to retail and leisure, change is the only constant,” said Cindy Andersen, MD of Ingka Centres. “This is why our first Livat meeting place in India will be adaptable, with multiple offerings to match consumer lifestyles long into the future.”

    “India is an exciting opportunity for us and our partners to bring new experiences to customers and to develop meeting places that bring value to communities and the planet.

    “We want to create destinations that make it easier for people to live even happier, healthier, and more sustainable lifestyles – this will be our goal at Gurugram.”

    The mall’s concept will be focused on health, sport, nature, and sustainability. It is expected to welcome more than 20 million visitors annually. The company said Livat Gurugram will reflect best practices in energy and water efficiency while delivering a seamless omnichannel experience for customers.

    “Delhi NCR will be one of our biggest and most important markets in India,” said Peter Betzel, CEO, and CSO, Ikea India.

  • Pandora jewellery sales top pre-pandemic levels as US shoppers splash out

    Pandora jewellery sales top pre-pandemic levels as US shoppers splash out

    Danish jewelry maker Pandora said on Tuesday that a strong performance in the United States spurred rapid sales growth in the second quarter but sales in China fell. Pandora, which aims to strengthen its brand in the world’s two biggest economies, said its total comparable sales in April-June jumped 7 percent compared to the same quarter of 2019 before the pandemic.

    In the United States quarterly sales more than doubled from a year earlier and were up 63 percent compared to 2019 as massive government stimulus and vaccinations against Covid-19 fuelled spending on goods and services.

    Pandora said it saw indications that it was gaining more market share in the United States, its biggest market, but cautioned that the high growth would come down in the second half of the year.

    “We have dampened the expectations on the US growth versus the first half and then we have raised expectations in Europe when the stores reopen and we are seeing that play out,” Chief Executive Alexander Lacik told Reuters in an interview.

    Pandora’s shares, which have gained around 25 percent this year, fell around 1 percent in early trade.

    “The questions arise for how long growth in the US operation can offset continued weakness elsewhere, and can Pandora stabilize its European operations to coincide with slower US growth?” Handelsbanken said in a research note.

    Sales in China, the world’s largest jewelry market, fell 13 percent in the second quarter compared to 2019.

    “It will take time so this is not a quick fix. The first attempt to try to turn this around is going to happen later this year,” Lacik said, adding that Pandora would announce further details on its brand repositioning in China at its capital markets day in September.

    Pandora earlier this month raised its full-year sales and profit margin forecasts as fewer stores would have to close due to Covid-19 than initially assumed.

    On Tuesday, Pandora also announced a new share buyback programme, the latest European company to repurchase stock in the wake of a strong earnings season.

  • Twitter begins testing shopping feature on brand profile pages

    Twitter begins testing shopping feature on brand profile pages

    Twitter will begin allowing businesses to showcase products for sale at the top of their profile page, the social networking company said on Wednesday, as it seeks to grab a piece of the lucrative online shopping world.

    The San Francisco-based company is following in the footsteps of larger rival Facebook which opened a “Shops” feature last year to let consumers purchase products directly through Facebook and Instagram.

    Twitter said it will begin testing the new shopping feature with “a handful of brands” in the United States.

    Users can scroll through a carousel of products at the top of the brand’s profile. The customer can tap on a product and then pay through the retailer’s website.

    The test is a renewed attempt to offer shopping on Twitter. The company previously experimented with a “Buy Now” button and product pages in 2015.

  • Netflix Online store offers limited-edition merchandise

    Netflix Online store offers limited-edition merchandise

    Netflix will launch an online store to sell limited-edition apparel, lifestyle merchandise, and collectibles based on Stranger Things, Lupin, and other popular shows, the streaming giant said on Thursday.

    Netflix.shop will be available in the United States starting on Thursday and expand to other countries in the coming months, Netflix said in a blog post.

    The video streaming pioneer is facing a growing list of competitors offering their own streaming services with new movies and TV shows. In April, Netflix fell short of Wall Street projections for new subscribers.

    The online store offers a new source of revenue for Netflix and expands its product line beyond the items it sells through partners such as Target and Walmart.

    Merchandise in the online shop will be “carefully selected high-quality apparel and lifestyle products,” the company said.

    Items debuting this month include streetwear and action figures based on anime series Yasuke and Eden” and apparel and decorative items inspired by French crime thriller Lupin, Netflix said. The Lupin products were developed with the Louvre museum.

    In the future, the company plans to introduce products based on hit series “The Witcher” and “Stranger Things” and Netflix logo-wear from Japanese fashion house BEAMS.

    Netflix has also created video games based on shows Stranger Things and La casa de Papel (Money Heist).

  • Twitter is testing a Shop button that will let you buy items more easily

    Twitter is testing a Shop button that will let you buy items more easily

    Twitter is planning to introduce a new shopping feature similar to what other social media like Facebook and Instagram offer. According to social media consultant Matt Navarra’s recent tweet, the social media giant is testing a new card designed to appear in tweets containing a shopping link. Key elements in the card include the item’s price and a huge, easy-to-tap “Shop” button.

    The introduction of the new Twitter shopping card would be great news for online stores and influencers alike. Selling products on social media can be a challenge, but the card’s design would make a product harder to miss while a potential buyer is scrolling down their feed.

    It is worth pointing out that this isn’t a new ad format. Twitter’s new shopping card is just a prettier way for shopping links to be visualized on the platform. Though we’re sure Twitter won’t mind if such tweets get promoted for a nominal fee.

    Twitter’s push to make its platform more shopping-friendly is not an unexpected one, as some rivals like Facebook have featured options for selling products for a couple of years now. From a business point of view, it is a smart move on the company’s hand to expand its sources of income. Time will tell if users like the new feature or if they are put off from the social giant in the aftermath of its new shop buttons.

  • Don Don Donki confirms Taiwanese introduction date

    Don Don Donki confirms Taiwanese introduction date

    Japanese discount retailer Don Don Donki, known as Donki, looks on course to make its Taiwan debut, with a new 24/7 store rumored to be opening in the popular shopping destination of Ximendeng in Taipei.

    The company is yet to reveal the location or the opening date of the store, however, job advertisements seeking up to 400 employees have all but confirmed the company’s expansion plans.

    Don Don Donki is a discount chain store that carries a wide range of products, from basic groceries to electronics and clothing. It has over 160 branches in Japan, Hong Kong, Singapore, Thailand, and Hawaii (US) and is said to be a popular store for Taiwan residents to visit when traveling.

    The retailer launched a free international shipping promotion on its e-commerce platform last year, which has helped build the brand’s appeal among Taiwanese consumers.

    Meanwhile, Don Don Donki’s fifth Hong Kong outlet of 2020 is expected to open in Central by October. Its owner, the Japanese group Pan Pacific, has been aggressively expanding within the Asian region in the past year.

  • Burberry teams with Tencent to launch world-first social-retail store

    Burberry teams with Tencent to launch world-first social-retail store

    Luxury fashion label Burberry has teamed with technology giant Tencent to launch its first social retail store in Shenzhen, China. Located in the new Shenzhen Bay MixC development, the Burberry social store features a unique design with a variety of materials and textures ranging from plywood to mirror and high-gloss finishes. Occupying a 539sqm area, the storehouses 10 different rooms.

    The Burberry social store offers a wide range of items including the brand’s latest collections and pieces exclusive to the Shenzhen store. All the stock is labeled with QR codes which when scanned show information on the customer’s digital screen. This is the brand’s first store to have QR codes on product swing tags.

    When entering the store, customers are welcomed by an interactive window. Inspired by the brand’s mirrored runway, the window illustrates the visitors’ shape and response to body movement. The window changes through the seasons to reflect the latest collections and house codes.

    Burberry’s fitting rooms feature three different concepts reflecting the label’s house codes – the Burberry Animal Kingdom, Reflections, and the Thomas Burberry Monogram.

    Named after the fashion house’s founder, Thomas’s Cafe features a modern yet elegant design with high-gloss tones of beige, curtains, and chamfered mirroring. The cafe can be converted into a community space for social events such as workshops, exhibitions, and live performances.

    The social store also houses a Trench Experience space, designed with digital technology to “bring Burberry’s heritage of exploration to life and creating unique and personal content for the customer to share on social media”.

    “This store explores this relationship, blending the digital and the physical realms in an exciting new concept,” said Riccardo Tisci, chief creative officer at Burberry.

    “I wanted to bring this love of the outdoors to life through all the elements of the store, which can be seen in the Burberry Animal Kingdom prints in the cafe as well as in the fully immersive Trench Experience and even in the small details of the design materials. I really wanted to draw upon these familiar house codes to bring our community together in an interactive journey of discovery,” Tisci said.

    “When it came to innovating around social and retail, China was the obvious place to go to, as home to some of the most digitally savvy luxury customers,” said Marco Gobbetti, CEO at Burberry.

    The Burberry social retail store offers an interactive experience through Tencent’s WeChat mini program which allows customers to unlock exclusive content and personalized experiences.

    “… Burberry’s social retail store in Shenzhen is a place of discovery that connects and rewards customers as they explore online and in-store. It marks a shift in how we engage with our customers and we can’t wait to share this innovative experience with the world,” Gobbetti said.

    The mini-program also provides a platform where customers can explore the store and product, book in-store appointments, and reserve events or tables in the Thomas cafe and community space.

    The WeChat mini program also features a rewards program called “social currency” where customers are allocated characters and can engage with others. Customers can unlock exclusive content and personalized experiences by building their social currency. Rewards range from cafe menu items to mini-program content.

    The Burberry social retail store is a unique space to test and learn, and to trial innovation that can be expanded to the rest of the Burberry network in China, the company said in a statement.

    Burberry signed an exclusive partnership agreement with Tencent last year to develop social retail in China. The Shenzhen social store is the first step in the partnership, taking interactions from social media into a physical retail environment.

  • Facebook Shops opens in South Korea

    Facebook Shops opens in South Korea

    Facebook Shops has launched in South Korea to compete in a booming e-commerce market.

    On a playing field dominated by local businesses, Facebook’s service allows sellers to showcase their products via a highly customizable online storefront, which shoppers can browse using Facebook or Instagram accounts, saving products they wish to purchase. The service will include a feature to make purchases via instant messaging within the near future.

    The firm has partnered with local services Shopify, Bigcommerce, Woocommerce, and Cafe24 as it rolls out the platform.

    Facebook Shops has been live in the US and key locations in Europe since last month, in a move Facebook says it will support small enterprises impacted by the coronavirus pandemic.

    Rival platform Google Shopping is also expected to unfold in the territory this year.

  • Giant Japanese sports store Alpen to open next month

    Giant Japanese sports store Alpen to open next month

    Japanese sports and outdoor goods retailer Alpen Co is set to launch Kanagawa’s first experience-based store late next month.

    The Alpen Outdoors LaLaport Yokohama store will handle more than 40,000 predominantly outdoor-related products under 200 brands. Alpen’s new location will be offering products in two formats, “Alpen Outdoors”, which will cover the entire light outdoor product range for activities such as camping and hiking; and “Alpen Mountains”, which focuses more on mountaineering. The store offers a tent trial experience with a realistic camp atmosphere.

    Popular outdoor brands Coleman and Snow Peak have shops-in-shops at the store with dedicated support staff.

    Alpen currently operates 11 stores nationwide, including a flagship in Kashiwa, which opened in April last year and is one of the largest in the world.

  • Chat-to-checkout app lets shoppers interact real time

    Chat-to-checkout app lets shoppers interact real time

    Tech startup OneDash has unveiled a chat-to-checkout service which eliminates the need to quit a chat session to complete a purchase.

    The OneDash app also enables interactive video so shoppers can connect with retailers in real-time and interact personally.

    Oleksandr Matviishyn, CTO of OneDash, says one of the motivations behind creating the chat-to-checkout app was to address cart abandonment, a major problem for online retailers.

    “With the global growth of video content and the promotion of short videos by platforms such as Instagram and TikTok, we realized that the hidden costs are enormous. We were driven by the idea of making video more affordable and providing the ability for every business to create, distribute, and monetize their video content, while at the same time, improving the production speed of interactive video content,” he said.

    “During the implementation phase, we came up with a few additional ideas like advertising, Messenger commerce, and live streaming to make the platform even more robust.”

    Initially only available for Apple devices, OneDash will be released on the Android Play store in July.

    An early adopter of the app is Vanessa Martinelli Fine Jewellery, whose CEO Vanessa Martinelli, said she was looking for a new way to talk about her creative world and showcase her jewelry.

    “I tell my story through a video and the spectators can interact at the same moment,” she said. “In just one click they receive all the information on a specific featured product and they can purchase it right at that moment, without breaking the momentum.”

  • Tokyo Tokyo store opens at Haneda Airport

    Tokyo Tokyo store opens at Haneda Airport

    Tokyo Metropolitan Government has launched a souvenir shop, Tokyo Tokyo, at Haneda Airport.

    Located in a retail strip at the airport’s international terminal, Edo Ko-ji, Tokyo Tokyo offers a wide selection of souvenirs including traditional dolls Daruma, maneki-neko lucky-cat charms and models of the iconic Tokyo Tower.

    The store’s wall features drawings of the Asakusa and Shibuya neighborhoods which reflect the merger of “cutting-edge modern culture and centuries-old tradition”.

    The Tokyo Tokyo shop is part of the Tokyo Omiyage project which is a collaboration between Tokyo Metropolitan Government and local businesses to create a lineup of souvenirs promoting Tokyo as a travel destination to both domestic and international tourists.