100 Retailers in Shopping Centers Released

China Chain Store & Franchise Association (CCFA) convened the Conference on Cooperation, Development and Exchanges Between Commercial Real Estate Developers and Chain Retailers in Ningbo of China’s eastern Zhejiang Province on June 9 and released the book 100 Retailers in Shopping Centers.

CCFA has selected over 100 outstanding chain retailers from its members in various business formats, which have the ability to make expansion nationwide. The Association categorized them according to existing business formats and functions of shopping centers and offered information on different aspects of these brands, such as features of their image, traffic, expansion rate and development plan.
Some are international brands, some are famous brands in China and some are leading brands in regions, including department stores, supermarkets, home appliance stores and household stores and covering all business formats like apparel, fashion, catering, cosmetics, entertainment, education and service. These can meet the demands of commercial properties to attract investment from various stores and provide a wide variety of retailers for commercial real estate developers.
In addition to the information in it, the book has also given professional analysis and different views from experts of shopping centers on the industry’s current situation, trend, investment, financing, planning and design.
It is a great aid for commercial real estate companies to learn and attract investment of their shopping center programs.
Here are some comments by developers of shopping centers on the book:
It is quite useful! The book can give guidance on brand portfolio and combination of business formats and it is a professional reference for the management of shopping centers.
– Wanda Commercial Management
Shopping centers are drivers for creating a fashionable and prosperous city, while brands are the core competitiveness of shopping centers in the market. Best wishes to 100 Retailers in Shopping Centers.
-Sunshine100 Real Estate Group
The book has integrated resources and set up platform for information exchanges, a show of CCFA’s function and value. 100 retailers is the start and we are aiming at 1000.
-Powerlong Real Estate Holdings Limited
The book is an excellent reference to see clearly the essence and core value of shopping centers.
-Shopping Center Department of CR Vanguard
Reading the book will free you from the worries when you are developing shopping centers.
-COFCO Commercial Property Investment Co., Ltd.

Thailand’s Central Retail Corporation Buys Italian Department Store.

One of Thailand’s leading retailers and department store operators, Central Retail Corporation Limited, has purchased a leading Italian department store, la Rinascente, for €260 million.

la Rinascente offers a broad selection of prestigious brands for men, women and children as well as luxury accessories, cosmetics, lingerie and items for the home.

The flagship store is in Milan and features world-class brand names such as Louis Vuitton, Christian Dior, Fendi, Gucci, Bottega Veneta, Balenciaga, Valentino, Dolce & Gabbana, Armani, Zegna, Chloe, Miu Miu, Marc Jacobs and etc.

In 2010, Rinascente generated revenues of €350 million.

“We will support the excellent work of the current management, making available our know-how in retailing, and creating the opportunity for Made in Italy brands to expand in profitable and fast growing new markets in Asia,” said Chief Executive Officer, Central Retail Corporation, Mr. Tos Chirathivat. “We are now building up a great new history for Thai retail industry. With this acquisition of la Rinascente, it makes Central Retail Corporation Ltd. truly entering to the world-class business leader in department store operator by expanding our three department store brands under Central Retail chain to totally four brands as following Central, ZEN, Robinson and la Rinascente. All department stores will reinforce our strengths both in Thailand and China.”

Retail majors in rightsizing mode

IN A bid to maximise sales per square feet, Indias frontline retailers are increasingly looking at ways to restructure their stores. Leading players like Future Group, Spencers Retail, Shoppers Stop and Vishal Retail plan to rightsize their stores and replace slow-moving categories with speciality formats under the shop-in-shop model.

Retailers feel such an approach will also help them improve gross margin returns per sq ft in the present environment when same store sales growth is quite weak. A shop-inshop approach helps increase revenue per sq ft. It enables best utilisation of space and is a good way to do away with excess space and reduce space for categories which are not doing well, Future Group CEORetail Rakesh Biyani told ET.

Future Group plans to offer a wider choice in large-format stores like Big Bazaar by setting up speciality zones under the shop-in-shop model. This approach provides consumers with a wider choice. We have a similar model for the Pantaloons outlets in the East and may replicate it elsewhere, Mr Biyani said. Shoppers Stop recently tied up with Cafe Coffee Day to manage cafes within its stores. It is an ongoing process to maximise returns, said managing director BS Nagesh. The most common categories where retailers are looking for shop-inshop outlets include food and beverage, saris and areas which have more customerconnect requirement like cosmetics, personal care products, fine jewellery and salons, says Retailers Association of India CEO Kumar Rajagopalan.

Spencers Retail, which is presently rightsizing by cutting down on 20% of its retail space, also plans to focus on shopinshops. In a slowdown, shop-in-shops are the best way to leverage domain knowledge of speciality players and maximise returns. Such outlets will be set up through our groups speciality formats like Books & Beyond, Mera World, Music World as well as in collaboration with other players, Spencers Retail marketing head Samar S Sheikhawat.

Vishal Retail group president Ambeek Khemka said the retailer too is restructuring its 171 stores nationally. We have already completed the exercise for 35-odd stores and the results are encouraging. In fact, small and regional brands are lapping up the opportunity to follow the shop-in-shops model, he said.

Economic Times: Writankar Mukherjee & Sreeradha D Basu, KOLKATA

Watsons To Open 120 New Stores In 2009.

Despite the downturn in the economy, Christian Nothhaft, managing director of Watsons China, has announced that the company plans to open 120 new stores in 2009, which means opening two new stores weekly.

Several years ago, the Hutchison Whampoa subsidiary announced plans to open 1,000 stores in mainland China. Nothhaft said the although the current economic situation is not optimistic, the company has never given up its goal of opening 1,000 outlets in mainland China. According to its budget for 2009, Watsons will open 120 new stores with its focus on six cities in north China and west China.

Though affected by various negative factors, Watsons still opened 86 new stores in 2008.

The latest statistics from the retailer show that Watsons has developed more than 1,500 own brand products, accounting for over one-third of the products sold in its stores. In addition, the prices of its own brand products are 20% to 30% lower than the similar products in other supermarkets. Nothhaft revealed that the company will develop another 240 kinds of own brand products in 2009.

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