Tamara’s Post

For all those curious minds who want to know all the details of where we are with #TbilisiOutletVillage in the 6months’ run up to the opening read this article that #AcrossMagazine published this week in their #OutletSpecial issue. We will keep you posted!

coolest supermarket in Singapore

Kick starts more retail infographic in the year of the dragon… 7 outlet centers' market share 9.33% of #Taiwan's total large-scale shopping complexes in 2023. Gloria Outlet, near Taiwan's major intl airport and 40-min driving from Taipei & Hsinchu (TSMC HQ located), is the one over NT$ 10 billions (US$ 31.6 millions) sales. The post-Covid time, it performs double digits growth (2022: 22.62% and 2023: 18.45%) because of the wealthier catchment area and intl tourists increased. Mitsui Outlets are developed by the retail group from Japan. Those outlets share 42% of outlet market in Taiwan. #Retail #iChicAnalytics

HKRMA - Voice of Hong Kong Retail A great event with a mix of ecosystem specialists, generously sharing ideas and strategies on how to leverage opportunities in the changing retail environment. A quick recap of 3 topics I have discussed in the panel : 1) a focus on customisation and experiential retail, niche brands, 2) Halal food and products a growing business opportunity (food US$1403B, fashion US$318B, cosmetic US$84B according to Global Islamic Economy Report) 3)Promote the favorable business environment in HK which can help retailers manage costs and risks. Bond Law Sindy Wong Cherlane K. Angela Cheung Arthur Yu Jimmy Chiang Wendy Lee Kazuko Hamakawa Young Ho Seo Ninad Parkar Ashish Mehta Daisy I. Mark Hedley Mabel Lee Noofal Shahin Maha Azmy Stefano De Paoli Paula Kant Fernando de la Cal González Wing Hin Chung Leonid Orlov Ranjit Unnithan Lawrence Tang Thiago Cruz Silveira Veronica Medina Melvin Lee Andy Hermanto Hillwan Yogi B. Dr. Luca De Leonardis #investhk #hkrma #retail #shopping #brands #hongkong

4 Things to look at about the #chinesenewyear2024: 1. According to #Alipay, the outbound consumption increased by 140% during the 8-day Spring Festival Holiday. Notably, the data of the Southeastern Asia region rose by 580% influenced by the visa-free policy. 2. The Chinese box office of the 2024 New Year Holiday reached 8 billion yuan, breaking the record of #Chinesefilm history. (source: Dengta Data) 3. Offline consumption shows a positive signal with the national demonstration pedestrian street saw a year-on-year increase of 26.9% in pedestrian traffic and 21.7% in turnover. (source: China's Ministry of Commerce) 4. 7 days before the vacation, the orders of Hangzhou #crossborder e-commerce reached 1.28 million, valuing 156 million yuan. Consumers could receive the parcels within 2 days by BBC.

I really loved being a part of the Hong Kong Baptist University B-DARE business simulation competition. The students were asked to prepare a report and presentation to tackle the question of “How to make a Western brand such as Subway more popular in a market like Hong Kong?”. After a short briefing about the brand, the students went away and prepared. What they submitted was phenomenal, truly impressive insights about a market we feel we are constantly learning about. Although there could be only one winner on the day, I felt like there weren’t any losers. Every team had put their heart and soul into their work and it showed. Here are some key takeaways from the finalists presentations: 1. Localise some of the menu and marketing. Have local flavours that draw in the local consumer. Introducing the customer to the brand with a softer landing. What a great way to connect with the consumers in whatever market you are selling. Use local influencers that really understand the local people, that’s how you create a loyalty that is unique to the market. 2. Digital ordering and innovation. Online ordering, pick up, loyalty programs, self order kiosks. You name it, it was featured in these presentations. In this ever changing market, this one couldn’t be more accurate as we strive to provide greater convenience and efficiency for our consumers. 3. Snacks! Younger consumers, a lot of our consumers, snack. They eat throughout the day, lighter and more regular meals. If the population here are not buying footlongs, what can they buy with the 6-inch to increase the ticket? Bring more side items, like McDonald’s here who do it so well and watch the average ticket balloon! This includes drinks like healthy smoothies. 4. Simplify the menu and order process. Do away with some of the customisation and let the customer save time at Subway, get asked less questions, but have a sub made with all the flavours the experts recommend! Sounds like the signature series launching at Subways all around the world, watch this space! There were a good deal more but these were some that really resonated with me and the other judges. Well done to all the teams involved and thanks so much to HKBU for having me. More information can be found here: https://lnkd.in/gAvU95XD I look forward to the next competition! #Subway #HongKong #HKBU #greatinsights

☕ Fore Coffee opens its first outlet in Singapore, joining the crowded market that includes competitors like Kopi Kenangan, Starbucks, and %Arabica. 🌐 Vico Lomar, Fore Coffee’s CEO, sees Singapore as the "SCBD of Southeast Asia," highlighting its potential as a launchpad for regional expansion. 📈 Competition Heats Up: Fore Coffee and Kopi Kenangan face competition from Luckin Coffee, which opened 24 outlets in Singapore within months, signaling potential saturation in the Chinese market. 🚀 Momentum Works estimates Southeast Asians spend $3.4 billion annually on tech-enabled coffee chains, driven by rising consumer power and the success of Luckin Coffee. 🌍 While local sourcing offers benefits, coffee chains like Fore and Kenangan tailor their approach with distinctive drinks, aiming to connect with consumers in Singapore.

How to maximise the 28 minutes that APAC travelling consumers spend in the duty free store (up from the global average of 25 mins) was the focus of the Decoding Today’s Dwell Time workshop that took place this morning as part of the education programme for the TFWA Asia Pacific Exhibition & Conference in Singapore. Delegates heard from a trio of influential speakers including Pi-Insight Managing Director Stephen Hillam, who explained: “We have a shopper in the Asia Pacific region today who is potentially the most impulsive or the least planned and the most experimental we have ever seen, who is spending time in the store, engaging with products, and getting immersed in the shopping experience. “If our retailers and brands can focus on those key factors that can drive purchasing, such as good quality, well-known brands, differentiation and gifting, then that dwell time can be used, not just as a means of driving conversion, but also as a means of influencing that purchase decision making process.” Stay close to TRBusiness for the full report… #trbusiness #travelretail #dutyfree

Many F&B businesses in Hong Kong are struggling to stay afloat due to the strong trend of northward consumption for cheaper offerings. But meanwhile, the bustling shopping area Mong Kok is flooded with Chinese tea brands, more mainland restaurants set up their debut stores in the city. Why are these Chinese F&B brands flocking to Hong Kong? I talked with "Nong Geng Ji", the Hunan restaurant which has over a hundred stores across the mainland, and Guangzhou tea brand "Jo's Cha" which has an ambiguous goal of opening 3,000 branches across Chinese and Southeast Asian markets in just two years. As they've shared, this’s all part of a “Chu hai” movement - to break into a more lucrative overseas market. Hong Kong, being the international city on Chinese soil, is the perfect launchpad. When asked whether the recent tide of closures of their counterparts has shaken their confidence, it comes with a big no - the global expansion is still ongoing, from Asia to Europe and US. https://lnkd.in/g32_BDaN