Dean & DeLuca has closed its flagship store in SoHo, after months of financial turmoil in which it shuttered all its other New York City stores. Two notices on its locked and grated front doors Monday announced the store’s “temporary closing,” and said it “will reopen soon.” Asked to elaborate, a Dean & DeLuca spokeswoman said in a text message Tuesday that she was hearing only “silence” from Pace Development, the Thai real estate company that bought the cafe and grocery chain in 2014. Pace’s chief executive, Sorapoj Techakraisri, told The Nation, an English-language paper in Thailand, this summer that he planned to expand the brand into major Asian capitals. When The New York Times reported the first of the New York closings in July, Dean & DeLuca confirmed that it was shutting three of its nine stores in the United States. Four more closed in August, and a Midtown location closed in September. It was not clear on Tuesday if … [Read more...] about Dean & DeLuca Closes Its Flagship Store, at Least for Now
Shop & Store Vietnam 2018 was officially kicked off today to deliver enriched content and business opportunities in retail and franchise. Defining the new business concept for retail and franchise at Shop & Store 2018 Vietnam is considered a fertile land to develop the retail market, Kantar Worldpanel’s study has revealed incredible growth in Vietnam, with the market share of mini-stores growing by 32 per cent from 2015 to 2016, while online shopping grew by a remarkable 61 per cent. At the same time, Vietnam ranked 9th among the top 12 markets identified by the members of the International Franchise Association as the markets most valuable for international expansion. Additionally, Vietnam was profiled in the Top Markets Report. Suttisak Wilanan, deputy managing director of Reed Tradex, pointed out that Vietnam has all the necessary elements to rise, such as a large consumer base, rapidly rising incomes, and a generation of educated, young, and growing … [Read more...] about Shop & Store Vietnam to popularise franchising in Vietnam
After the launch of Vietnam’s first QR code store in Ho Chi Minh City, Hanoi is also planning to pilot similar stores in 2018, aiming to boost the development of e-commerce in the capital. However, with only five million Vietnamese people using QR codes to pay, it remains a question whether these new stores will become popular in Hanoi. A vending machine at Hoan Kiem Lake The information that Hanoi will pilot QR code stores raised hopes that these stores will be more user-friendly than current vending machines or other convenience stores. Lien (Cau Giay district) said, “It is necessary to open QR code stores in Hanoi, because payment via QR code is easier than other forms. For example, with payment via QR code, I never need to worry about how much cash I have on me or if the change is correct." Nguyen Hau (a tourist in Hanoi) told VIR, “Young people like us value convenience and quick service above all, so I think applying QR code in convenience stores is a good … [Read more...] about Will QR code stores become the new craze in Hanoi?
LIXIL Group Corporation (LIXIL Group; TSE code: 5938), the maker of pioneering water and housing products, has opened its first flagship showroom in Hanoi. Endeavouring to provide consumers an interactive and immersive experience, the store offers a two-level showcase of an assortment of innovative LIXIL brands for customers, partners, and architects. The layout of the first floor of the showroom Spread across approximately 850sq.m, the LIXIL flagship store is located at 46 Bich Cau street, a convenient location in a bustling district of the Vietnamese capital. This gives LIXIL a perfect location to not only interact with customers who are looking for products, but also general consumers who need to raise their level of engagement with such high-quality products. Commenting on the launch, Masahiko Hiramoto, country general manager of LIXIL-Vietnam, said, “Vietnam’s transformation over the last decade can be seen in the rising demand for products which are high in … [Read more...] about Hanoi gets first LIXIL Flagship Store
Mobile World Group (MWG)’s announcement of closing of seven mobile stores this year took the market by surprise as this was the first time Mobile World had reneged on its aggressive expansion strategy. However, a company representative clarified that the affected units were transferred to the Dien May Xanh chain instead of being closed. In the race against e-commerce, Mobile World's store network takes up a lot of resources. Photo: thegioididong.com vnreview.vn quoted Dang Thanh Phong, Mobile World’s marketing and communications director , said: “We transferred some thegioididong stores to Dien May Xanh to expand the household electronic appliance business (refrigerators, washing machines, air conditioners). No shops have been closed by MWG.” The firm’s financial report stated that during this year’s first four months, the number of thegioididong stores dropped from 1,072 to 1,065. The total revenue from the chain of mobile stores was … [Read more...] about Mobile World denies closing thegioididong stores
The arrests were made after managers of convenience stores on Le Loi Street in District 1 complained with local police, saying a gang of youth armed with stones and some sharp objects broke into their stores several times, taking both money and goods. Investigation found the suspects had attacked employees at local stores for robberies in at least three occassions this month. Three teenagers arrested for series of Saigon convenience store robberies On July 9, they came to one shop at 1:30 a.m., used a glass bottle to threaten an employee and took VND2.1 million ($90.32). Three days later, they returned and took VND1.8 million. On Wednesday night, the gang, armed with flick-knifes, carried out another robbery but it is not known how much they robbed. The three detained suspects, Pham Nguyen Ngoc Tien, 17, Tran Van Thang, 16, and Vo Nguyen Thanh Phuc, 13, said they took money to buy drugs and play online games. Last year, police in Saigon also detained 11 people, most of them … [Read more...] about Three teens arrested for Saigon convenience store robberies