Tag Archives: Malls

Thailand’s Central Pattana invests US$3.1 billion in shopping centres

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(Source: Inside Retail Asia | June 11, 2018) Thai shopping centre owner Central Pattana says it is revitalising its premium malls to “pioneer future trends of retail and tackle the digital era”. Under a “five-year vision” it calls ‘Co-creating Center for Life” – a name which appears to have lost its actual meaning in translation from Thai – it will ...

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Anton Huang celebrates SSI’s 30th year with 638 stores, expands food business

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(Source: The Philippine Star | June 10, 2018) Did you know that Anton Huang used to inspect bras as one of his first jobs when he was a working student? Isn’t it cool for an industry leader, the president of Stores Specialists Inc.(SSI) Group, now celebrating its 30th year as the leading specialty retailer in the Philippines with a network ...

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W Mall brings community mall concept to a new level

(Source: Manila Bulletin | June 6, 2018) Located in the heart of Pasay City, Walter Mart Community Malls opens its W Mall in Macapagal outlet. True to its promise of bringing a complete and happy shopping experience to customers, it has 12,000 square meters of space and has a wide selection of tenants from food, services and wellness. The four- ...

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DFA inks deal with mall giants for 4 new consular offices

(Photo from: Boy Wander Blog)

(Source: PTV News | June 2, 2018) The Department of Foreign Affairs (DFA) has entered into partnership agreements with SM Prime Holdings and the Gaisano Group for a rent-free hosting of four more consular offices. In a statement, Foreign Affairs Secretary Alan Peter Cayetano thanked the two for expanding their partnership with the agency. “We expect to serve the public ...

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The country’s largest mall chain celebrates its diamond anniversary this year

Herbert Sy, Tessie Sy Coson, Elizabeth Sy, and Hans Sy with special guests (Philippine tatler)

(Source: Philippine Tatler | May 22, 2018) In a night of festive celebration, SM, the Philippines’ largest retail chain, commemorated 60 years of existence with a vibrant fashion show and a striking performance. SM also announced a host of special surprises for shoppers from May to October in their malls nationwide. Last night’s party kicked off the six-month long anniversary ...

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SM opens 70th mall

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(Source: Inquirer |May 19, 2018) Property giant SM Prime Holdings has hit the 70th shopping mall milestone in its Philippine retail empire expansion, cementing its market-leading position with the opening of a new shopping hub in Pampanga. SM City Telabastagan, which opened last Friday, is the fourth SM mall in this province. The new mall adds 55,000 square meters of ...

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Mobile payment schemes to encourage higher tourist spending

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(Source: Philippine Star | May 15, 2018) Retail firms should take advantage of the growing foreign arrivals market by implementing more mobile and digital payment schemes, a property consultancy firm said. “Colliers encourages mall operators to cash in on rising tourist arrivals and spending by acquiring mobile payment schemes that cater to Metro Manila’s major tourists markets such as the ...

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DEEP DIVE: The Mall Is Not Dead: Part 1

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(Source: Fung Global) There are 1,221 malls in the US today, according to the International Council of Shopping Centers (ICSC). The number of malls increased by more than 300% from 1970 to 2015. Given the oversaturation of malls in the US, we believe that at least 30% of malls—mostly within the C and D classifications—need to be closed. Malls classified ...

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Robinsons opens third mall in Leyte

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(Source: Business Mirror | May 1, 2018) Known for some of the country’s sweetest pineapples, Ormoc City in Leyte is now the site of the newest mall in Robinsons Land Corp.’s (RLC) portfolio, making it the third mall in the province (and 49th mall overall) which was devastated by typhoon Haiyan/Yolanda in 2013 “After Typhoon Yolanda, we thought about what ...

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Vista Land income grew 13% to P2.61B in Q1

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(Source: Business Mirror | May 10, 2018) Property developer Vista Land & Lifescapes Inc. on Thursday said its net income grew 13 percent during the first three months of the year to P2.61 billion, from P2.31 billion last year, on sustained sales of its core residential business. Revenues grew 11 percent to P10 billion, from last year’s P9.03 billion, as ...

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