Vera Wang’s Post

How did POYA grow from 37 stores in 2010 to over 370 in 2024? 🤔 Beauty and household goods retailer, POYA International Co., Ltd. opened a humongous flagship store across from SOGO on Zhongxiao East Road and the corner of Fuxing South Road in Taipei in 2020, the city's glitziest retail location. You might be thinking 'so what?' Well.....POYA started as a Tainan Jewlery retailer in traditional markets in the 80's and has now ascended to going toe-to-toe with international giants like Watsons Taiwan and the beauty counters of Taiwan's most premium department stores. Even a decade ago, its stores were mostly only found in Southern and Central Taiwan, and was generally considered a provinical low-cost retailer. Despite coming from humble roots, POYA is extremely data-driven, tech savvy, innovative, customer-centric and takes a long-term strategic approach to everything it does. POYA is a #Taiwan local retail hero and its origin story is worth telling. In this article I take a deep dive in to how POYA achieved this. https://lnkd.in/gXHNz-yd

AWEI FLAGSHIP STORE IN CHENGDU

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

When Korean beauty retailer PURESEOUL • Korean Beauty needed to secure a prime location in Oxford’s Westgate Shopping Centre before the Christmas rush, they turned to Greenwoods for swift, expert assistance from our Real Estate team. Don’t let complex leases and tight deadlines hold your expansion plans back. Contact us to learn how we can help you secure the locations you need for your business and keep your roll out on track. Find our more below ⬇ #RealEstate #LeaseNegotiations

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!

Lets guess what could be the motivators for delisting: - Cost savings from staying l***** - Cost savings from c********* - Cost savings from a***** - Preparation for d********* 😏

Below is the monthly meeting speech delivered by King today. Wenzhou Weilan is 27 years old in 2024. We are strong and keen in quick reaction to customers's requests. However, my senior staff have some regular concepts we can not change. They understand Weilan deeply but they may be reluctant to accept and understand the new requests or new rules made by new customers. Weilan is an eyewear group, that embraces the new excellent customers every year. We will not teach customers by our old rules or so-called experience. Our key goal is to understand new customers and new requests. In 2024, we have some new challenges which I call motivation. Unfortunately, when I delivered the requests to my team, some of my team members would tell my sales team or me that it was impossible. My solution is to respect their thought, as it is they help me create the Sunrise and Weilan but I will hire the ones who believe that we can hit the customers' goal and show the result to the team who do not trust we can make it. A good team does not just add new customers but also welcomes new thoughts and new members. #wenzhouweilan #weilanoptical #Mattoptical #wenzhousinrise #sunriseoptical

Unlocking Success: The Power of a Grand Opening. Launching a new retail store, especially in a competitive market like perfumes, can be daunting. However, with a well-planned grand opening and targeted marketing, success is within reach. Today we Announce the opening of our Naseem - Al Karama Branch! A grand opening isn't just an event but it's an opportunity to create buzz, attract customers, and establish your brand in the community. Remember, the key to a successful launch is more than just opening your doors, it’s about making a statement. https://lnkd.in/dF_qq93u

Lalaport, Seibu and the names of Japanese retailers go on…. Several #Japanese #retailers have entered the Malaysian market, including #Seibu, Nojima, and Gyomu Supermarket. Seibu is one of Japan's largest department stores. #LaLaport, on the other hand, is a #shoppingmall that offers a wide range of products, including fashion, beauty, electronics, and home goods. Why the strong comeback of the Japanese retailers? From the desktop observation - Firstly, Malaysia's retail market is one of the most attractive in Southeast Asia, with a growing middle class and a young population that is increasingly tech-savvy. Secondly, Malaysia has a strategic location in Southeast Asia, making it an ideal hub for Japanese retailers to expand their regional presence. Thirdly, Japanese retailers are known for their high-quality products, innovative designs, and exceptional customer service, highly valued by Malaysian consumers. In conclusion, the comeback is due to the country's attractive #retail market, strategic location, high-quality products, and innovative designs. It would be interesting to see how the #Malaysian #economics trajectory in retail market evolves in the coming years. #alsalamreit #rajanazirinshah Thanks to Dhesegaan Bala Krishnan for the report.

INSIGHTFUL VIDEO: How U.S. Malls Survived The Death Of Department Stores https://lnkd.in/eG5eamdf The American mall is alive and well. Department stores — which were historically the most important real estate in American malls — are a different story. #retail CNBC