Shanghai Set to be the Home to the World’s Largest Disney Store
The Walt Disney Company China plans to build the world’s largest Disney store in Shanghai.
Slated to open in early 2015, the 5,000sq m store will be located in Lujiazui and include a themed outdoor plaza area. The plaza will feature Disney-themed landscaping, a first for any Disney store property in the world, and will have the capacity to host outdoor events providing a destination hub for family entertainment. The store will allow families to interact with their favourite characters and stories from across Disney, Pixar, Marvel and Star Wars brands.
Stanley Cheung, EVP and MD, The Walt Disney Company, Greater China said: “China’s flagship Disney Store will feature the largest and most diverse collection of Disney products by local and international designers.”
Payless Shoesource to Expand
Payless ShoeSource has announced an exclusive pan-India franchise arrangement with Reliance Retail, India’s largest retailer.
The arrangement is aimed at leveraging Payless’ capabilities of creating a unique and delightful store experience through a trend-right product mix that appeals to the budget-conscious shopper, and Reliance’s established competencies in the Indian retail sector of building strong retail networks and running the store operations nationwide efficiently. Payless currently has 258 franchised stores located across the globe.
With this new partnership, Reliance Retail further improves its proposition in the footwear segment by offering a wide range of fashionable, affordable footwear.
Gleeds Appointed Cost Planner
International management and construction consultancy firm Gleeds has recently begun work as cost planner for the latest luxury Ritz Carlton hotel in the Yerwada district of Pune, India, after its appointment by local real estate developers.
Due for completion in 2016, the 44,284sq m venue will provide accomodation for business and leisure guests in established five-star surroundings for both an international and domestic-based market. It will follow on from the launch of a new Ritz Carlton hotel in Bangalore which is due to be opened later this year.
Gleeds will act as cost planner for the project utilising its experience of working on luxury segment hotel projects in the past, and it will be Gleeds’ second venture into the Pune Hospitality Sector.
Versace Opens New Flagship Store in Singapore
Italian luxury company Versace has opened a new flagship store at Paragon Mall in Singapore. Spanning 200sq m, the store showcases a concept that embodies the company’s legacy and the future of the brand. The concept was conceived by Jamie Fobert and Donatella Versace.
It features a mosaic floor inspired by Byzantine basilicas of Rome and curved walls and brass fittings which enhance the luxury look and feel of the store, and offers the company’s latest men’s and women’s collections, a full assortment of accessories, watches and more.
At the opening, Versace took the opportunity to host a display of its porcelaine home collection, celebrating 20 years of collaberation with Rosenthal which licenses the Versace brand for tablewear.
Wal-Mart Aim to Open 110 New Stores Across China
Wal-Mart Stores Inc, the world’s largest retailer, plans to add as many as 110 new stores over three years in China, while shutting some outlets and remodelling dozens more as it seeks to overhaul its business there.
The company plans to open the stores from 2014-16, while the retailer expects to close up to 30 of its under-performing outlets over the next 18 months. Wal-Mart is closing less profitable stores and revamping business units in China amid increasing competition from regional rivals Sun Art Retail Group and China Resources Enterprise Ltd. Sun Art is China’s largest hypermarket operator, with a 14 per cent share of the $94bn industry last year. Wal-Mart and China Resources were tied for second place with an 11 per cent share each in 2012.
Wal-Mart plans to ramp up expansion in smaller cities outside Beijing and Shanghai. The company is also investing in distribution and will add a new center in the northeastern city of Shenyang next month. It is also remodelling 45 China stores this year, with more planned over the next two years. With this expansion, Wal-Mart expects to create around 19,000 jobs.
Doug McMillon, President of Wal-Mart’s International Business said: “Of all the individual countries we have the opportunity to grow in, China would be the top of the list. We have a tremendous opportunity given the population and the size of this market and the continued growth over time.”