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Tag: Shoppes at Marina Bay Sands

  • The Shoppes at Marina Bay Sands hit record high in 2018

    The Shoppes at Marina Bay Sands hit record high in 2018

    The Shoppes at Marina Bay Sands has capped its most successful year ever, breaking revenue records in 2018 and strengthening its leading position as the luxury shopping destination in Singapore. The luxury mall, which enjoys an occupancy of 95.4%, rang in a record mall revenue of US$179 million last year, a 7 per cent rise against the same period in 2017 – by far its best performance since opening. In 2018, retail tenant sales at The Shoppes jumped 19 per cent to US$1,898 per square foot from the preceding year.

    The Shoppes also kept its top position in tourism shopping, capping a record year to represent an estimated 25 per cent of the tax-free tourist market in Singapore. This is based on industry metrics that track tax-refunded tourist receipts.

    John Postle, Senior Vice President of Retail, Marina Bay Sands, said, “2018 has been an exceptional year for the mall, as we not only achieved our highest sales revenue in history, but also solidified a leading position in tourism shopping. This is so rewarding, given the competitive retail landscape and growth of online shopping.”
    The performance is also the result of an ongoing retail remix strategy that started in 2012, which saw the mall double its footprint with luxury brands in the form of duplexes, as well as expansion into luxury childrenswear.

    This strategy, coupled with attractive programming such as late-night shopping, in-store exclusives, and one of the most generous loyalty programmes in Singapore, has resulted in 120,000 shoppers walking through the doors of the mall daily. This includes locals as well as its biggest tourism markets of China, Indonesia and Japan.

    Jan Moller, Country Managing Director, Singapore & APAC Sales, Global Blue, said, “As one of Asia’s leading shopping destinations, The Shoppes at Marina Bay Sands continues to outperform other luxury malls in Singapore to own the greatest share of inbound tourist spend in the luxury sector in 2018.”

  • BORA AKSU has opened its first store locally at Marina Bay Sands

    BORA AKSU has opened its first store locally at Marina Bay Sands

    Bora Aksu, the London-based, Turkish fashion designer, has opened his first standalone store in Asia, at Singapore’s The Shoppes at Marina Bay Sands.

    Aksu’s Autumn-Winter 2018 collection launches the brand there, with pieces priced from S$500 to $2000. (US$366 to $1830). The range includes pinstripe culottes, matching blazers, velvet jumpsuits and flared pants, along with shoes, handbags – and even a $600 doll dressed in miniature versions of his clothing.

    The Marina Bay store takes up about 2000sqft on level B2.

    Aksu is gaining a following in the fashion community for his elegance, sophistication, modern femininity and “rivetingly romantic” demi-couture pieces. His clothes are stocked by Selfridges, Liberty & Co and Wolf & Badger, among others.

    The designer said that he chose Singapore for his first store location because it was the gateway to Southeast Asia.

    “Our pieces offer customers in Singapore ready-to-wear garments encompassing elaborate, exquisite compositions and luxurious tulle fabrics that represent Bora Aksu’s signature looks. Beyond an impressive roster of elegant tailored looks, Bora Aksu’s pieces are known to emote charm, intrigue and seduction which I believe will be well suited to the crowd here in Singapore,” he said.

  • Shoppes at MBS share set at $4.9b

    Shoppes at MBS share set at $4.9b

    Casino mogul Sheldon Adelson’s price tag of up to S$4.9 billion (US$3.5 billion) for a 49 per cent stake in Shoppes at Marina Bay Sands makes it the “most expensive mall in the world,” he says.

    However, sovereign wealth funds and private-equity giants may be willing to pay a massive premium to own a stake in such a high-profile asset, says real-estate consultancy firm Chesterton Singapore MD Donald Han.

    He says Singapore stacks up as one of Asia’s best property markets because its relatively strong dollar enables investors to preserve their capital.

    “The property has to be assessed based on yield or the operating income from the mall, and how it stacks up against market expectations…But buildings with a certain character or iconic stature that are one of a kind are also worth a premium.”

    Another selling point is that there are few quality malls on the market, and little prospect in the near term of more land being released for such large developments, says Savills Singapore research head Alan Cheong.

    Meanwhile, the proposed sale is subject to approval from the authorities, under an agreement that allowed US gaming giant and Marina Bay Sands parent Las Vegas Sands (LVS), as well as Genting Singapore, to have exclusivity in Singapore for 10 years. The agreement says LVS cannot sell any part of its 800,000 sqft (74,322 sqm) mall for that period, and then only after government approval. The 10-year duopoly, which also applies to Genting’s Resorts World Sentosa, expires next month.
    Adelson says the mall sale proceeds could be used in the firm’s next investment in Japan or South Korea.

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  • Furla Singapore launches Made For You

    Furla Singapore launches Made For You

    Furla Singapore has launched its Made For You personalisation service – available only in its Marina Bay Sands flagship store.

    The Italian luxury brand says the service is designed to “further enrich the relationship with customers”.  Overall, the mix of combinations of fabrics and fixtures adds up to 8500 combinations.

    The innovative made-to-order service offers a unique luxury experience within the premium segment.

    “For the first time, Furla’s joyful message, contemporary creativity and finest Made in Italy expertise will be customisable in a light-hearted, intimate and engaging manner,” says the company.

    “Customers can unleash their creativity and design their exclusive Furla dream bag, choosing between the bestselling Furla Metropolis cross-body bag or the new IT Bag Artesia top handle style.

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    Made For You materials include calfskin, ostrich, crocodile, snakeskin and calf hair for the Metropolis bag while the Artesia can be customised in calfskin and ostrich. All are lined in leather. The kaleidoscopic colour palette features up to 39 shades that differ from the seasonal assortment.

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    Moreover, customers can choose the colour of the stitching, of the clasp and of the hand-painted edges, creating unique tonal or contrasting one-of-a-kind effects. The selection of clasps includes silver or gold metal, plus black or tone-on-tone enamel. Finally, each bag can be monogrammed or personalised according to the customer’s desire.

    ARTESIA MFY M TOP HANDLE BHX3 Ambra $6,680

    From order to delivery takes between eight and 12 weeks, depending on the material chosen and on market demand. Each bag comes with a personalised hand-written certificate featuring all of the bag’s characteristics.

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    The Made For You service will be available in different retail formats, from permanent dedicated corners in key flagship stores to itinerant formulas to pop-up events. Depending on the venue, Furla has studied different in-store solutions to present the Made For You service, from sleek wood and burnished metal tables to temporary wall installations, both complete with a full kit of colours, swatches, details and combinations.

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    METROPOLIS MFY MINI CROSSBODY BPROUHV3 Barolo $4,480

    Furla has also developed a dedicated micro-site with 3D configurations to enable customers to create their virtual bag by playing around with the various combinations. The app will also be available on tablets in the stores allowing the sales assistants to simulate the various bags for the customer. During the Made For You experience, the sales assistants will serve as the “artisan”, supporting the client as she “designs” her very own Furla creation.

  • Marina Bay Sands mall for sale

    Marina Bay Sands mall for sale

    Gaming giant Las Vegas Sands Corp has held preliminary talks with prospective buyers of the Marina Bay Sands mall.

    The surprise revelation came during a conference call following an earnings report yesterday in which the US-based company revealed a casino revenue at Marina Bay Sands fell by 28 per cent in the first quarter.

    The mall – The Shoppes at Marina Bay Sands – is a cornerstone of the giant complex which has become an icon of the Singapore skyline. The complex also includes a three-tower hotel, convention centre and theatres.

    Sheldon Adelson, founder and chairman of Las Vegas Sands Corp, which also owns the Sands Macau casino and hotel and the Venetian Macau resort, said he was considering selling the retail assets.

    “We have been approached. We have been talking to people,” said Adelson during the conference call.

    His company is restricted from selling any part of the complex until a moratorium attached to the granting of the casino development license expires next year.

    From other comments it would appear the company is more likely to sell a stake in the 800,000 sqft mall than the whole business.

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  • Valentino Singapore opens Marina Bay Sands boutique

    Valentino Singapore opens Marina Bay Sands boutique

    Italian luxury fashion brand Valentino has opened its second and largest store in Singapore, at Marina Bay Sands.

    The 341 sqm store Palazzo concept was developed in partnership with the brand’s creative directors, Maria Grazia Chiuri and Pierpaolo Piccioli, and British architect David Chipperfield. It features marble, timber and leather interiors.

    The boutique offers the brand’s women’s ready-to-wear line, accessories and fragrances. Few details have emerged as yet, with only the store’s name appearing on the Marina Bay Sands website without any information.

    To mark the opening, the House of Valentino is organising a grand opening celebration cocktail party on January 13. The outlet is in The Shoppes at Marina Bay Sands, one of the city’s largest luxury shopping malls.

    Valentino’s other shop in Singapore is in the Ion Orchard complex.

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  • Marina Bay Sands Shoppes expands children’s collection

    Marina Bay Sands Shoppes expands children’s collection

    The Shoppes at Marina Bay Sands has added luxury label Dolce & Gabbana Junior to its growing line-up of luxury childrenswear retailers.

    The high end Singapore shopping centre which relaunched with a luxury focus in April, had already attracted Fendi Kids and Baby Dior to its retail store portfolio, part of a plan to build on its Children’s Collection to present more stylish options for “little adults”.

    Dolce & Gabbana Junior is the Italian designer label’s first Junior store in Southeast Asia.  Spanning more than 1400 sqft, the new boutique is painted with a pearl finish and furnished with lacquered wood furniture frames to create a shopping ambience that is soothing and refined. The Dolce & Gabbana Junior collection includes ready-to-wear for girls, boys, and newborn from ages up to 8.

    And more brands are yet to arrive.

    Come December, Armani Junior and Bonpoint will also be joining the The Shoppes’ Children’s Collection. Set to be its largest store in Singapore, the Armani Junior store will be showcased as a sleek and modernised concept for stylish juniors. It completes the family of Armani collections at The Shoppes – namely Armani/Marina Bay, the first and only duplex in Southeast Asia to house both Giorgio Armani and Emporio Armani, as well as Armani Collezioni.

    Armani Junior will open with its soon-to-launch Spring Summer 2016 collection featuring colorful and fun prints, while Bonpoint will unveil a selection of Shoppes-exclusive pieces from its Christmas 2015 collection and Cruise 2016 collection. Unique to the store is a special corner dedicated to its YAM collection which caters for young ladies and mothers, allowing for perfect mini-me looks that could be worn with their sisters or daughters. Bonpoint will also carry its full hypoallergenic skincare and signature perfume range in-store.

    The launch of Armani Junior and Bonpoint brings along a plethora of trendy ready-to-wear for newborns and children up to the ages of 16.

    Aside from the Children’s Collection, other boutiques that are opening at The Shoppes in the fourth quarter of 2015 include Ted Baker, the only Loro Piana store in Singapore, as well as the largest Michael Kors and Valentino stores in Singapore to date, spanning 3200 sqft and 3500 sqft respectively. More recently, the mall celebrated the opening of Furla’s Singapore flagship store and the biggest in Southeast Asia at 1600 sqft.

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