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Property News - Retail Sector

Unfavourable economic conditions both globally and domestically as well as the growing popularity of online shopping have prompted Thailand's luxury retail operators to adjust to stay afloat. The entry of new mid to high-end brands to the local market declined this year after more than 100 brands paraded into Thailand when two flashy new malls-Central Embassy ... Read More >
Thailand has re-entered management consulting firm A.T. Kearny's Global Retail Development Index (GRDI). The index, now in its 16th edition, uses 25 macroeconomic and retail-specific variables to rank the top 30 most attractive and promising developing market ... Read More >
Central Department Store Group, the operator of Central Embassy, is adjusting its product mix to make the 18-billion-baht shopping complex more accessible for a wider group of customers. Barom Bhicharnchitr, managing director of Central Embassy, said the company will allot the 7,000 square metres of available space with 3-4 new brand names in the vein of Muji or ... Read More >
Benjamin Franklin wrote in a letter in 1789 that "in this world nothing can be said to be certain, except death and taxes". But in Thailand, you might as well add another certainty: new malls. Despite a fickle economy, the country will still see more than its fair share of retail outlets opening up this year. ... Read More >
Siam Discovery, a major shopping complex in downtown Bangkok, is offering the Connected Mobile Experience (CMX) personal-location solution provided by US-based technology company Cisco Systems. Chanosa Kaewruen, deputy managing director for marketing events and business relations at Siam Piwat, said ... Read More >
Major Mall operators have continuously invested in facelifts and expansions of their shopping centres to keep pace with the government’s policy of promoting tourism and trying to make Thailand the ultimate destination for shopping and lifestyle in Asean. Charun Poopat, vice president for marketing communications and the customer management group at Seacon ... Read More >
King Wai Group acquired Keppel Thai Properties Plc (KTP) last month. The group are planning to focus on property projects related to tourism, shopping/retail and health care and are mainly targeting Chinese customers. ... Read More >
The Chiang Mai condo and retail developer Central Pattana Plc (CPN) is planning to use land plots close to its shopping malls nationwide to develop residential projects. ... Read More >
RETAIL OPPORTUNITIES IN SOUTHEAST ASIA Friday on 8 July 2016 at Beverly Hills Room, 2nd floor, Conrad Bangkok Hotel, Wireless Road, to RSVP, please contact Ms.Parephun Tel.: +66 2 119 2792 by 5 July 2016 (limited seats) ... Read More >
Bangkok retail space is due for an exciting time as Siam Piwat Co is ready to relaunch its Siam Discovery shopping centre on May after a year of renovation. The doors will reopen with 40,000 square metres of retail space and we're told there will be around 300 million spent on the grand opening event. ... Read More >
Yesterday MBK announced an investment budget of between THB 5 and 6 billion for the next 3 years. The focus will be on their core property businesses of shopping centres and housing in Bangkok. ... Read More >
The recent acquisition of Lazada Group by Chinese e-commerce giant Alibaba Group poses a challenge to local online product manufacturers and retailers who anticipate a potential flood of Chinese-made products. The move by Alibaba is expected to shake up Thailand's e-commerce market. It's also putting more pressure on other e-commerce companies. ... Read More >
Two of Bangkok's premium retail complexes, Central Embassy and The EmQuartier, are waging a new round of battle to draw more shoppers during the economic slowdown. Located near Phloenchit intersection, Central Embassy has earmarked 240 million baht to add space, adjust its merchandise mix and increase its range of products and services. ... Read More >
ICONSIAM Co has unveiled two additional projects under the Iconsiam project, bringing the total investment to Bt54 billion. Chadatip Chutrakul, a director of Iconsiam Co - owner of the Iconsiam project - said yesterday that it had recently leased a 5-rai (0.8-hectare) plot located opposite the site of the current project under a 30-year contract. ... Read More >
E-Commerce in Southeast Asia is small compared with the size of the population and depth of smartphone penetration, but the market looks like growing rapidly in the years ahead, according to a report released yesterday. Online retail represents a US$6-billion (Bt209 billion) market in Southeast Asia, but with online sales below 4 per cent of total retail, the region still ... Read More >

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