Retail News CRM

Tag: Thailand

  • Central FamilyMart set to expand

    Central FamilyMart set to expand

    Central FamilyMart plans to double the number of its convenience stores in Thailand from 1116 to more than 2000 within five years.

    President Chiranun Poopat says the company will continuously expand the number of FamilyMarts to cater to a growing market and increase access to consumers in specific locations. The expansion will be achieved by capital investment as well as franchising.

    “We are still confident in the high growth potential of convenience stores in the Thai market as shoppers appreciate convenience and diversity as well as product quality.

    “We will focus on opening more FamilyMart stores in Bangkok and the surrounding areas, as well as cities and destinations visited by foreign tourists,” says Chiranun.

    She says the company will add more than 60 stores this year, and also has a focus on improving existing outlets.

    There are also plans to collaborate with local entrepreneurs and suppliers so the stores can offer products for specific areas, especially tourist destinations.

    FamilyMart’s latest branch opened in Bangkok’s MBK shopping centre last week, offering ready-to-eat foods and beverages.

    For the current Vegetarian Festival, Chiranun says FamilyMart has increased its vegetarian options to 400 items. New offerings include vegetarian onigiri (Japanese rice balls), baked Riceberry with taro, stirfried mixed mushrooms with rice, stirfried soy protein with black pepper, a coleslaw sandwich and a vegetarian bento set.

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  • Fast Retailing rolling out GU shops overseas

    Fast Retailing rolling out GU shops overseas

    Japanese retail holding company Fast Retailing intends to have 1000 shops for its low-cost GU brand overseas in 10 years, up from about 10 foreign stores now.

    GU sells clothing often priced at about half that of stablemate Uniqlo.

    Fast Retailing will expand GU first in Asia, where Uniqlo has been successful, says chairman/president Tadashi Yanai.

    After increasing its GU outlets in Taiwan and China, Fast Retailing will turn its attention to South Korea, Hong Kong, Thailand and Singapore for growth in the next five years.

    GU’s first overseas store opened in 2013. In Japan, the brand’s low prices and sensitivity to fashion trends have helped store numbers grow to around 350.

    Meanwhile, Uniqlo now has more stores overseas than in Japan, with plans to set up around 100 shops a year in China.

    Other brands under Fast Retailing’s wing include Comptoir des Cotonniers, J Brand and Princesse Tam-Tam.

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  • Siam Discovery bags two awards from Thailand Property Awards 2016

    Siam Discovery bags two awards from Thailand Property Awards 2016

    Siam Piwat Co., Ltd., the owner and operator of world-class developments such as Siam Paragon, Siam Center, Siam Discovery, and Paradise Park shopping centers, and joint-owner of megaproject ICONSIAM, reinforced its success after the relaunch of Siam Discovery – The Exploratorium in May, Thailand’s first hybrid-retail destination and lifestyle specialty store, by winning two prestigious awards in the real estate industry, namely “Best Retail Development” and “Best Commercial Development” from Thailand Property Awards 2016.

    Ms. Chadatip Chutrakul, Chief Executive Officer of Siam Piwat Co., Ltd., said, “We are extremely proud that Siam Discovery has won Best Retail Development and Best Commercial Development awards from Thailand Property Awards 2016. These accolades stand testament to Siam Piwat’s success as the Icon of Innovative Lifestyle and Thailand’s retail and real estate innovation leader, who is ready to continue offering experiences that are novel yet meet our customers’ needs.”

    “The awards reflect the success of the distinctive design and the ideas behind it by a team of world-renowned design experts such as the world’s leading designer Nendo (Oki Sato) and Urban Architect Co., Ltd., who came together and imbued the architecture of the refurbished Siam Discovery with elegance and uniqueness. Created under the never-before-seen concept of “Thailand’s first hybrid retail store,” Siam Discovery has broken every rule of Thailand’s retail industry to offer exciting experiences and creativity. This emanates from every single design detail, not only in the general ambience of Siam Discovery, but across its entire area of over 40,000 square meters, including its open space, transforming it into Thailand’s largest lifestyle specialty store. Even the product displays and stores of over 5,000 brands are decorated to match the personalities of each specific Lifestyle Lab on each floor to give our customers the freedom to browse for products that suit their stories and interests and make shopping both convenient and a fun exploration,” said Chadatip.

    Thailand Property Awards, was held for the 11th time with the aim to boost the stability and efficiency of Thailand’s real estate market and encourage real estate entrepreneurs wishing to participate in the event to continue to enhance their projects each year. The judging panel of Thailand Property Awards was composed of respected experts in different branches of the real estate industry, ranging from consultants and project managers to designers and architects, as well as Prof. Dr. Manop Bongsadad from the Housing Development Department, the Faculty of Architecture, Chulalongkorn University, who presided over the event as the honorary chairman.

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  • Hong Kong Lifestyle Comes to Bangkok

    Hong Kong Lifestyle Comes to Bangkok

    Under its mega promotion campaign “In Style ● Hong Kong,”the Hong Kong Trade Development Council (HKTDC) brings “Hong Kong Galleria,” featuring the best of the city’s   fashion, design and gourmet products, to Bangkok’s  Siam Paragon, from now until 9 October.

    HKTDC Executive Director Margaret Fong, said Hong Kong is not only Asia’s leading business hub, it is also Asia’s lifestyle trendsetter. “Hong Kong has a unique East-meets-West multicultural and multilingual environment,” said Ms Fong. “It is always at the frontier of fashion and lifestyle with a wide range of international and local design brands and innovative and creative lifestyle products. The ‘In Style ● Hong Kong’ promotion highlights Hong Kong’s vibrant and unique lifestyle, as well as creativity to Thailand’s consumers and business sector.”

    The “Hong Kong Galleria” at Siam Paragon is divided into three zones, bringing an all-round Hong Kong experience to Bangkok consumers.

    Brand ● In Style
    The HKTDC Design Gallery is collaborating with the popular online shopping site Lazada Thailand on an O2O retail service, featuring such lifestyle brands as The Candle Co, Eco Concepts, GLUSH/, Snugalicious and Tea Lab. On-the-spot ordering with immediate home delivery is available to shoppers. Meanwhile, hktdc.com Small Orders  presents a selection of stylish Hong Kong products from Everlong, Sky’s Creative, HK Keytron, Jet T Technology and PO: Selected. Online shoppers can take advantage of special offers.

    Fashion ● In Style
    Through an e-wardrobe installed at the “Hong Kong Galleria,” visitors can try on the latest collections by popular Hong Kong fashion designers, Doris Kath Chan, Bonita Cheung, Koyo William Cheung, Polly Ho, Henry Lau and Mountain Yam. The six Hong Kong designers, who have featured at international fashion events such as Tokyo Fashion Week, Copenhagen Fashion Week, New York Fashion Week and CENTRESTAGE in Hong Kong, collaborated on a “Thai Silk Crossover” series for “In Style ● Hong Kong”with the unique pieces to be showcased at the “Hong Kong Galleria”.

    Gourmet ● In Style
    Hong Kong is well known as a food lover’s paradise and Cantonese sauces always brighten dishes. The internationally recognised Chinese brand Lee Kum Kee is presenting food tasting sessions featuring its wide range of sauces and condiments. Premium Hong Kong specialty tea brands, Contact Design, Gianna, MingCha and OrTeaTM are also offering complimentary tea-tasting. A collection of Hong Kong-style restaurants in Bangkok, featured by OpenRice Thailand as well as the signature menus developed by designated “Chef ● In Style”, Denice Wai, are available at B.Duck Cafe, Four Seasons Chinese Restaurant and Gokfayuen.

    The Hong Kong Tourism Board will also stage a promotion at the Siam Paragon from 6 to 9 October to showcase Hong Kong as a top travel destination.

    Shop for Hong Kong products
    The HKTDC Design Gallery is collaborating with Betrend and The Selected to offer a range of Hong Kong brands at discounted prices from now until December. Brands to be featured include The Candles Co, Digit Band, Eco Concepts, Team Green, Herkomst, HYOne, Paris Garden、Prima Series, Tea Lab and Team Green.

    Meanwhile, a “Hong Kong Lifestyle Products” promotion is underway in Bangkok, with well-known Hong Kong fashion brands Bossini, Episode, Esprit, Giordano, G2000 and Jessica, as well as popular retail watch brand City Chain and optical boutiques eGG and Optical 88 offering discounts and other consumer incentives.

    To enjoy these offers, simply pick up a Citywide Promotion coupon booklet available at more than 100 participating outlets across Bangkok, featuring over 30 Hong Kong and local brands from 1 September to 31 October, or visit “Hong Kong Galleria” in Siam Paragon from 3 to 9 October. More exciting Hong Kong products and gourmet can also be found at online retailer Lazada Thailand and gourmet website OpenRice Thailand.

    Symposium promoting Hong Kong services
    Apart from the consumer promotions, a symposium targeting the Thai business sector will be held on 6 October at Plaza Athenee Bangkok. Officiating the opening session will be Vincent HS Lo, Chairman of the HKTDC; Rimsky Yuen, Secretary for Justice, Hong Kong Special Administrative Region Government; and Apiradi Tantraporn, Minister of Commerce of Thailand. More than 30 business leaders and experts from Hong Kong and Thailand will offer insights on how Hong Kong can facilitate the business expansion of Thai companies

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  • Nokia boosts True’s broadband network

    Nokia boosts True’s broadband network

    True Group in Thailand has deployed Nokia’s IP/MPLS routing technology to upgrade its broadband infrastructure in Bangkok.

    Surging demand for ultra-broadband fixed and mobile services, such as high-definition video and business services, have helped drive a dramatic increase in data traffic across True’s converged network, both in the city and its surrounding area.

    True is using Nokia’s IP routing technology to modernize its broadband infrastructure to improve the quality of experience and better support the growing high-bandwidth content demands of consumers and businesses.

    Nokia’s Service Router portfolio helps True to provide 4G LTE and 3G coverage to its 18 million mobile subscribers, high speed broadband to its 2.5 million broadband subscribers, and pay TV service to its 3.2 million TrueVision customers. The network upgrade was completed in May 2016.

    True can leverage Nokia’s infrastructure in the future to evolve to more dynamic agile services powered by Software Defined Networks and Network Functions Virtualization.

    True is using Nokia 7750 Service Routers (7750 SR) in Bangkok with the 7210 service access switch (SAS) being deployed in the northeast, east and central west regions of Thailand.

    “By leveraging Nokia’s expertise and leading routing technology,  we are able to provide seamless 4G LTE and 3G coverage along with quality, high-speed broadband data, voice and TV services to our mobile and fixed customers,” said Vichaow Rakphongphairoj, deputy CEO of operational development at True. “We can also deliver advanced high-speed residential, business and mobile services even more quickly and efficiently.”

  • NBTC to auction Dtac’s 1800-MHz spectrum early

    NBTC to auction Dtac’s 1800-MHz spectrum early

    Thai telecoms regulator NBTC plans to hold an auction for Dtac’s 1800-MHz spectrum in July 2018, three months before the operator’s concession expires.

    The auction of 45MHz of 1800-MHz bandwidth is expected to raise at least 135 billion baht ($3.89 billion) in revenue for the state, citing NBTC secretary general Takorn Tantasith.

    Dtac is using the spectrum under a concession arrangement with CAT Telecom. This concession is due to expire in September 2018 under the new licensing regime.

    The reserve price for the auction will be based on the winning prices of the previous 1800-MHz auctions in 2015, factoring in inflation. Takorn told the Postthat the winning prices must not be lower than the 2015 auction of two 15MHz 1800-MHz licenses.

    While Dtac CEO called it a good sign that the regulator plans an early auction, he said a lead time of three months is not enough time for a network installation. In other countries spectrum must be auctioned at least 1-2 years before a license expires.

    Dtac itself has the most invested in winning the 2018 license, the report notes. If the operator fails to reacquire the spectrum, it will be left with only 15MHz of 2100-MHz spectrum to serve over 25 million subscribers.

  • Korea’s Etude House refreshens image

    Korea’s Etude House refreshens image

    With a new brand positioning, Korea’s Etude House has been making inroads in the global cosmetics market this year.

    Previously tagged Princess Fantasy, its new positioning line is Sweet Dream. Its makeover includes more sophisticated visuals in its advertisements and packaging designs, plus a new slogan, “Life is Sweet”. The aim is to symbolise the positive energy and values of people in their 20s as Etude House works toward its vision of becoming the “global No. 1 young makeup brand” through overseas expansion, digital content development, new services and innovative products.

    Etude House, owner by Amorepacific has about 230 stores in 12 Asian countries, and by 2020 aims to have increased its number of overseas stores by 50 per cent.

    From June, Etude House has been managing a multi-channel network, the Beautizens Club, to support the development of new beauty content creators. This has led to 25 content creators from Asia being chosen as “beautizens” to receive makeup tutorials.

    Etude House also has a new mobile app that lets customers administer their account. It also contains digital content that analyses purchasing patterns and draws on age-group general preferences to suggest colours.

    In co-operation with the Seoul Metropolitan Rapid Transit Corporation, the brand offers customers the option to pick up their online-ordered products at lockers inside subway stations.

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  • Experts at Property Report Congress hopeful about Thai real estate’s future

    Experts at Property Report Congress hopeful about Thai real estate’s future

    The overall theme of the conference was one of tempered optimism

    Speakers at the first Property Report Congress Thailand 2016 have tempered optimism on the market, as experts see potential and also challenges facing the country’s real estate sector.

    DDproperty.com, the conference’s official property portal, reported that Thailand’s commercial real estate is expected to witness an upward trend in the coming year as the market becomes stronger due to growing demand from consumers, according to local and foreign experts at the event.

    property-congress-thai

    The current market situation has been often been described as resilient, supported by the healthy luxury residential segment of Bangkok even as the overall state of the economy has caused some to be concerned.

    “Although having been affected by global volatility, the impact of China’s slowdown and weakening demand in general over the past year or so, Thailand will remain on an upwards course in 2016 with several property firms projecting growth of around 5-10 percent with the Greater Bangkok luxury market expected to lead the regional resort areas into positive growth,” Clayton Wade, managing director of Premier Homes and Property Report Congress Thailand conference chairman, stated.

    Thailand’s office sector could see an increase in both rental rate and occupancy rate, especially in Grade-A office space in Bangkok’s downtown area.

    Dr Theerathon Tharachai, chief financial officer of Project Planning Service, noted that there is a huge potential in the office space for sales in the suburb area as well, especially in certain growth areas such as Rama 9 or Ekamai-Ramindra.

    When it comes to Thailand’s retail and design, the focus is on quality rather than quantity as Thailand’s sluggish economy requires outlets to create special projects that connect with consumers.

    “I wish I could paint a more rosy picture, but I do feel things will be very competitive as consumption demands are likely to remain laggard for the remainder of this year and next,” Vicharee Vichit Vadakan, co-founder and managing director of The COMMONS, one of the retail nominees at the 11th Thailand Property Awards 2016, said.

    “In a weak economy, one is more likely to find stability and growth in more focused products. Truly understanding your customers and being honest and relevant to their needs is of essence.”

     

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  • The Exploratorium To mount “Best of The Season, You Can Grab and Go” campaign

    The Exploratorium To mount “Best of The Season, You Can Grab and Go” campaign

    Siam Discovery The Exploratorium, the biggest arena of lifestyle experiments which allows any visitor to experiment, create and cultivate, is now mounting the biggest trends update campaign of the year: “Best of The Season, You Can Grab and Go”. It gathers the latest trends that are becoming popular in the world, the ones for every kind of lifestyles, during the 4 months from now on (September to December 2016), while also allowing everyone to experience. The grand opening of the campaign launch has recently taken place on 4th Floor, Siam Discover The Exploratorium.

    The launch event was crowded with a number of distinguished guests who have taste in various lifestyles including design, fashion, travel, adventure to name but a few. The gathering guest list included Ornchuma Durongdej, Hathairat Fingerhooth, Tada Varich, Pichamon and Pimpisa Chamanant, Monlissa Leenuttapong, ML Samornlada Chompol, Thitipong Lororasert etc. All of them were welcome by Siam Discovery’s executives, Chanisa Kaewreun and Kriangkrai Rulkhachantrkul. All the guests got updated on news of hot lifestyles: art and design from Phantipa Thanchookiet of Likay Bindery, travel from Kanitkul Natrbutr, and fashion trends from Nichakul Kitiyanubhongse of Harper’s Bazaar Magazine. A special fashion show was provided, presenting a wide range of lifestyle products.

    Ms. Chanisa Kaewreun, Executive of Siam Piwat Company Limited, said, “Best of The Season, You Can Grab and Go campaign has been initiated by Siam Discovery, which acts as a shopping market that sells every kind of design items, or a design supermarket. In fact, it is acknowledged among shoppers that Siam Discovery will be a very first choice when thinking about where to shop for any items with style and packed with creativity.

    “That’s why Siam Discovery is gathering top curators who have expertise in a variety of lifestyles and asks them to analyze trends and global movements in terms of design. Then, they will choose what items to become the latest trends in the world. Moreover, we are holding a number of workshops that feature different subjects: Art Design and Decoration coming with “Design Experiment Market” theme from 3 to 16 October 2016, Travel and Play with “The Wanderlust Experiment Market” theme from 17 to 31 October 2016, Fashion and Accessory representing “The Fashion Forward Experiment Market” theme from 1 to 8 November 2016. And closing with Sport and Adventure which represents “Active Experiment Market” theme from 9 to 20 November 2016. Siam Discovery will present a range of products according to these themes, available upon timelines. As well as workshops that are based on each of the themes for the four months, from now to the year-end 2016.”

    Nichakul Kitiyanubhongse said, “The hottest trend in fashion of the moment is a modern vintage style, which has lasted for ages. At the same time, a vintage style is growing in popularity. When wearing vintage attire, it’s no need to wear heavy make-up or dramatic hairstyle. It really appears an amazing trend.”

    Phantipa Thanchookiet said, “We can see two hot key trends in design and decoration in 2016 and 2017. One is design work friendly to the environment. This year, the eco trend becomes popular again. People are interested in things for their daily use, the ones with creativity and more eco-friendliness. Especially for furniture and home decorations. Let’s say which are becoming popular will have an eco-concept. The other is handicraft, which more plays a prominent role in creation in terms of design. Or even daily use products such as notebooks that can be decorated to tell the identity of an owner.”

    Kanitkul Natrbutr said, “I enjoy traveling and love to have adventures in new places to explore new experiences. And for each of my trips, I always blend in, my personality, with it. This is shown through my traveling stuff, from backpack and shoulder bag to water bottle and shoes or even outfits. After I had visited throughout the country and explored some neighboring countries, I feel like riding a bicycle wherever I go. That’s the beginning of my traveling together with my bicycle. This way makes me expand my horizons and have a close relationship with the nature. It gives me a unique travel experience, different from other kinds of travel. With a bicycle, I can find any places that I cannot by car. Or to enjoy being in the sunshine and the breeze, the surrounding nature that I can see with my eyes and feel with my heart.”

    Come play with us. Enjoy “Best of The Season, You Can Grab and Go” campaign which offers a variety of themes suitable for every lifestyle. Available from now to year-end 2016 at Siam Discovery The Exploratorium.

  • AIS ramps up fiber competition

    AIS ramps up fiber competition

    Thailand’s top mobile operator AIS is gearing up to launch what it says will be the country’s fastest fiber broadband services.

    The operator aims to attract 300,000 users to its fiber service this year, increasing to 2 million by 2019.

    The operator first entered the fiber broadband fray in April and has already been shaking up the market. The company currently has around 200,000 subscribers to its existing fiber services, a roughly 2% share of the total market.

    Now the company aims to disrupt the market further, with plans to offer an entry-level 20Mbps service for 590 baht ($17) per month, comparable to the prices of ADSL broadband services.

    AIS will also offer 50Mbps services for 888 baht per month and 100Mbps services for 1,888 baht per month. All packages will include free WiFi routers, free AIS internet TV and free installation.

    With the new packages AIS has increased its target monthly fiber net additions to 45,000, up from a previous target of 30,000-35,000.

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  • Owndays Europe marks first foray outside Asia-Pacific

    Owndays Europe marks first foray outside Asia-Pacific

    After rapidly building a network of stores across Asia, Japanese eyewear retailer Owndays has made its European debut.

    Owndays Europe has opened its first store in the Netherlands, the design largely true to its Asian format and its simple pricing model seamlessly converted into local currency with frames and lenses paired at between 98 euros and 198 euros.  A 20-minute “quick processing” promise is also included in its in-store marketing, two two promises being the eyewear chain’s unique selling points.

    Owndays Netherlands 1

     

    The 80 sqm Dutch store opened last week in a traditional street-front location, rather than a shopping mall, where most of its stores are located in Asia; at Passage in The Hague, a trendy area bustling with retail and food & beverages establishments.

    Owndays Europe plans to open 30 stores in the Netherlands in the next three years.

    The brand began its international expansion just three years ago and is already trading in Singapore, the Philippines, Australia, Vietnam, Taiwan, Thailand, Cambodia and Malaysia, making the Netherlands its 10th market.

    owndays-netherlands

    Owndays Europe stores carry more than 1500 designs of frames ranging from basic and functional to stylish and fashion-forward so customers can pick the right pairs of glasses to suit their lifestyles or to match occasions and functions. With a team of in-house designers based in Japan, the brand regularly adds new designs to its existing collections so customers always see something new each time they visit the shop.

    Owndays already has more than 170 shops in Asia-Pacific and sells more than 1.5 million pairs of glasses a year. It is one of the few optical retailers internationally which has adopted an entirely private label system, managing the entire process from design and manufacturing to inventory management and retail.

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  • Thailand may toughen tax rules for ICTs

    Thailand may toughen tax rules for ICTs

    The Thai government is considering toughening tax rules for international internet and technology companies, including mobile and internet commerce companies.

    The head of Thailand’s Revenue Department told that the government has set up a working committee for finding solutions for collecting tax from Google and other technology giants.

    Laws and regulations that haven’t been updated in 50 years could be amended to address the digital economy, the report states. The working committee is expected to report by the end of the year.

    Countries in Southeast Asia are increasingly pursuing higher taxes from large internet and technology companies, with Indonesia pursuing the company for five years of back taxes, and Australia recently getting stricter on companies with annual earnings of over A$100 million ($76.4 million).

    Large multinationals have been booking their regional profits in Singapore to take advantage of the city state’s lower tax rate and incentive programs. But Singapore’s finance ministry recently stated that it does not condone the artificial shifting of profits.

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  • AIS to roam on TOT’s 2100-MHz spectrum

    AIS to roam on TOT’s 2100-MHz spectrum

    Thai state-owned operator TOT has reportedly signed a six-month trial contract with AIS subsidiary Advanced Wireless Network (AWN) covering roaming on TOT’s 2100-MHz spectrum.

    A TOT source told that AWN has agreed to pay a 325 million baht ($9.4 million) monthly roaming fee for use of 80% of TOT’s 2100-MHz spectrum allocation.

    The six-month trial is being conducted with a view to potentially entering into a permanent arrangement. AWS is expected to pay a 3.9 billion baht annual roaming fee under such a deal.

    TOT plans to allocate the remaining 20% of its 2100-MHz spectrum to other interested operators, according to the report. AIS already holds 15MHz of spectrum in the 2100-MHz band.

    State-owned TOT has been steadily losing 3G subscribers to its 2100-MHz service, and is under pressure to find new revenue streams following Thailand’s transition from a concession model for spectrum allocations to a more conventional auction model.

    In June, AWN also agreed to lease TOT’s 900-MHz network and towers for a combined 5.6 billion baht annually.

    TOT also holds 60MHz of 2300-MHz spectrum, and plans to use this to offer a wireless broadband service in conjunction with a strategic partner. The partner is due to be selected shortly.

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  • DTAC service center flagship store ‘dInfinite’ at Siam Paragon

    DTAC service center flagship store ‘dInfinite’ at Siam Paragon

    The new dtac service center flagship store, dInfinite, was launched at Siam Paragon Department Store with the concept ‘the endless digital experiences’. The store has been re-designed to enhance the customer experience through the use of digital services.

    The service center was designed by Whitespace Ltd., a professional retail design company. The key service area has been arranged to serve two main functions: counter service and consultation. The layout reflects of how retail stores have changed overtime; the transaction counter is no longer a key area as e-service, Speedy Queue, allows customers to easily queue online and to check out anywhere in the store.

    dsc00985edit-copy_s

    Rather than waiting in line to pay ones bill, customers are urged to spend their time discovering, testing, and experiencing dtac’s newest devices. Cutting-edge smart phone models are available for customers to interact with at the Smart Table. The latest trends of gadgets and accessories are also available for customers to tryout in the Experience Corner.

    Moreover, the dInfinite flagship store delivers convenience and entertainment through the use of digital devices including a touchscreen e-brochure wall with the most up-to-date dtac promotions and at the Knowledge Table big screen tablets are used to live-stream entertainment via dtac Music Infinite and Primetime apps.

    When customers walk into dInfinite, they will feel at home and welcomed by the casual and warm ambience of the store. The cozy mood and tone is enhanced by custom-made wood furnishings, comfortable seating, wood floors and a black and gray color palette. Circular lights on the ceiling and the use of the dtac logo symbol on the walls throughout the store adds a sense of energy and excitement as well as reinforces the brand.

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  • Revenue up 36pc for Zalora parent

    Revenue up 36pc for Zalora parent

    The Lazada and Zalora parent is paring back its losses after divesting operations in two markets.

    With operating losses nearly halved and excluding disposals in India and Southeast Asia, Global Fashion Group (GFG) has reported a 36.3 per cent rise in net revenue.

    Backed by Rocket Internet and comprising online fashion retail businesses in emerging markets, GFG says net revenue in constant currency rose 47.5 per cent to 456 million euros (US$512.73 million).

    GFG sold interests in Thailand and Vietnam for an undisclosed amount to retailer Central Group in April. It also sold its Indian fashion business Jabong to Flipkart for $70 million in cash in August.

    GFG raised 330 million euros in funding from existing investors in July, cutting the holding of Rocket Internet to 20.4 per cent.

    The company says adjusted losses before interest, taxes, depreciation and amortisation (EBITDA) narrowed to 67.6 million euros in the first half of this year from 120.5 million euros in the same period last year. The EBITDA margin improved to a negative 14.8 per cent in the first half from minus 33.4 per cent, which the company says was driven by tighter inventory management and cost-cutting.