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Old January 7th, 2009, 03:06 AM   #241
rizalhakim
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'Marks & Spencer to cut 1,000 jobs'
Published: 2009/01/07



LONDON: British retailer Marks & Spencer is set to axe more than 1,000 jobs, The Times reported yesterday, bringing further gloom to the British high street as it struggles under the weight of the downturn.

The newspaper said M&S, which is seen as a barometer of British consumer sentiment, would announce plans to cut nearly 1,000 shop floor jobs and several hundred more posts in head office and support sectors today.

The retailer refused to comment on the newspaper report. - AFP
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Old January 7th, 2009, 03:31 AM   #242
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Aeon’s strategy to face slowdown
By SHANNEN WONG


KUALA LUMPUR: Aeon Co (M) Bhd wants to enhance its healthcare and beauty offerings as well as its in-house brands this year, says senior general manager of general merchandising stores Mitsuru Nakata.

“We have integrated wellness pharmacies into our new stores with a wide assortment of healthcare products to meet customer demand,” he told StarBiz after a prize-giving ceremony for outstanding employees yesterday.

Nakata said the group would also focus on its in-house brands such as Scarlet, Suave and Sam as well as its Jusco Selection brands, which were available in its Jusco chain of supermarkets.

“Although minimal impact was felt in the last three months, we expect business to be tough in the coming months as customers become more cautious in their spending amid the weak sentiments,” he said.

However, there were no immediate plans to reduce prices lower than what the market was offering, said Nakata, adding that Jusco had done so earlier when oil prices dropped. “We expect prices to be very competitive as the retail sector becomes more challenging,” he said.

Nakata expects sales in supermarkets to decline sharper than retail sales.


Sales for items such as furniture and heavy electrical appliances were expected to fall too.

To lift sales in its stores, Nakata said the group would be aggressive in its promotion, introduce new merchandise and more categories, including an organic section in its stores, as well as preserve the quality of its goods and products.

Meanwhile, the group would continue to expand its retail chain and hoped this year to achieve the same sales growth as last year, he said.

Aeon operates 21 Jusco and five MaxValu outlets in the country.

It posted a net profit of RM75.8mil on revenue of RM2.5bil for the nine months ended Sept 30 compared with RM58.5mil and RM2.05bil respectively in the previous corresponding period.
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Old January 7th, 2009, 05:06 AM   #243
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AEON mahu buka dua gedung baru


AEON Co (M) Bhd, yang mengendalikan rangkaian gedung serbaneka Jusco, berhasrat membuka dua lagi gedung baru tahun ini.

Pengurus besar bahagian hal ehwal korporatnya, A Rashid Adam, berkata gedung baru itu terletak di Melaka dan satu lagi di Cheras di Lembah Klang.

Ketika masa ini terdapat 26 gedung Jusco, semuanya di pantai barat Semenanjung Malaysia.

“Kami akan meneruskan strategi kami untuk menguasai bahagian pasaran yang kukuh dalam industri runcit melalui program kad kesetiaan, J-Card yang menyediakan keistimewaan diskaun harga dan penebusan hadiah,” katanya ketika majlis penyampaian hadiah untuk pekerja cemerlang di gedung Jusco Setiawangsa, Kuala Lumpur, semalam.

Beliau berkata, pengguna dijangka mengambil sikap berhati-hati berbelanja tahun ini tetapi Jusco berkeyakinan menjana jualan yang lebih kukuh melalui promosi jualan menarik serta kempen J-card.

Semasa menyatakan bahawa 2009 akan menjadi tahun mencabar kepada pengusaha perniagaan runcit disebabkan oleh keadaan ekonomi, Rashid berkata syarikat tetap yakin sekurang-kurangnya dapat mengekalkan jualan tahun lalu dengan penjenamaan kukuh.

“Berikutan kelembapan ekonomi, perbelanjaan terutama bagi produk elektrik dan pakaian berkurangan. Bagaimanapun, barangan makanan kekal tidak berubah,” katanya.
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Old January 8th, 2009, 07:18 AM   #244
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1st Office Mall In Wangsa Maju









1st Building Integrated Photovoltaic (BIPV) panel for Commercial Development in Malaysia
BIPV system convert the sun's rays into electrical power. It's a great way to stay eco-friendly.

1st Office Mall in Wangsa Maju
Between the 2 blocks of terraced shop-offices, a covered boulevard flanked by a mix of retail outlets offers an inviting break from the usual grind.

Excellent Work-Relax-Shop-Dine enviroment
You have an all-in-one venue. Start your day with breakfast at your choice of cafes and run through the day's programme over coffee before you enter your breezy work space. Lunch can be quick and on-the-go or leisurely at the Boulevard; and when it's time to call it a day, go gym or chill out with colleagues before you hit the road. Your day is more efficiently spent. You save plenty of travelling time, not to mention expenses and stress.

Ready Broadband connectivity
We're ready to connect you to the internet when you are.

Welcome to the distinctive, iconic address by a scenic lake
Located on the fringe of city bustle, by a quiet lake, THE PARC offers a refreshing break from the pack. With its distinctive architectural design and milieu of attractions, THE PARC is set to be a choice meeting point for the huge catchment areas surrounding the neighbourhood. It is sited in the booming township of Wangsa Maju!

Multiple Configurations make investment more attractive
A lobby for 2 lifts serves each floor containing only 2 units.

Buy 2 units on one floor and have your own private lobby

Buy 2 blocks and have the 2 lifts all to yourself

Buy a corner block and have your own private lift

High-ceilings and huge terraces
Enjoy spaces with tall floor-to-ceiling height with every unit. Top floor units come with a huge terrace, ideal for private entertaining.

Dual frontage to double your exposure
Dual frontage doubles the opportunity to attract attention to your brand, from both ends!

Direct access to office from private carpark
Apart from the ample private and public carparks for staffs and customers, chief executives can enjoy exclusive access to their offices directly from private basement carparks!

Round-the-clock CCTV security
There's nothing more important than providing a safe environment for you to operate in.

from RM482,900

To find out more, call 03 - 4021 8811 for a private appointment.



Project Manager:
CRSC Property Sdn Bhd (79864-M)
Wisma CRSC, No. 96 & 98,
Jalan Gombak, 53000 Kuala Lumpur
Tel: 603-40218811
Fax: 603-40211377
Website: www.crscproperty.com

Developer:
PANCARAN NILAI (M) SDN BHD (178799-X)
Landowner: Datuk Bandar Kuala Lumpur
A joint venture project between
Datuk Bandar Kuala Lumpur &
Pancaran Nilai (M) Sdn Bhd
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Old January 9th, 2009, 10:01 AM   #245
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Kluang Mall mercu tanda baru

Oleh JAAFAR AHMAD



KOMPLEKS Kluang Mall di Jalan Rambutan Kluang mula dibuka kepada orang ramai baru-baru ini.
- Gambar JAAFAR AHMAD

--------------------------------------------------------------------------------



KLUANG 8 Jan. - Kompleks beli-belah dan riadah terbesar Kluang Mall, di sini yang memulakan operasinya dua minggu lalu kini menjadi mercu tanda baru bandar ini dalam membantu memacukan ekonomi daerah tersebut.

Kompleks itu selain menyediakan 1,700 pekerjaan untuk penduduk tempatan, ia juga memiliki daya tarikan tersendiri untuk menarik golongan pertengahan dan atasan dari daerah lain berbelanja di situ.

Pengarah Urusan Syarikat Tenaga Nusantara, Tey Ah Kau berkata, Kluang Mall berkonsepkan berbelanja bersama keluarga dan sasaran pelanggannya pula golongan pertengahan dan atasan.

''Sebab itu, hampir semua jenis perniagaan di kompleks ini berasaskan barangan serta keperluan berjenama yang bermutu tinggi bagi memenuhi kehendak golongan tersebut," katanya ditemui Utusan Malaysia di sini baru-baru ini.

Menurutnya, sebelum ini kebanyakan golongan pertengahan dan atasan di daerah ini didapati sering berbelanja di Johor Bahru, Batu Pahat dan Kuala Lumpur untuk memenuhi selera tinggi mereka.

''Tetapi kini mereka tidak lagi perlu ke bandar lain untuk membeli-belah kerana pelbagai barangan berjenama dan bermutu tinggi boleh ditemui di Kluang Mall," katanya.

Sementara itu, beliau berasa gembira kerana lebih 50,000 orang membanjiri kompleks tersebut pada hari pertama beroperasi.

Menurutnya, sambutan luar dugaan itu membuktikan kompleks tersebut setanding dengan pusat beli-belah di beberapa bandar besar termasuk bandar raya Johor Bahru.

Beliau berkata, selain dilengkapi pasar raya terkemuka, kompleks tersebut juga menyediakan pelbagai kemudahan riadah seperti pawagam, ruang permainan kanak-kanak, karaoke serta restoran.

"Kluang Mall terbukti sebagai pusat beli-belah berkonsepkan cara hidup di bandar raya bagi 300,000 penduduk Kluang serta kawasan berhampiran," katanya.

Beliau berkata, sebagai kompleks beli-belah yang memusatkan pelbagai barangan berjenama ia juga mampu menarik pengunjung luar berbelanja di Kluang.

''Ini secara tidak langsung dapat pula menggerakkan pasaran dan ekonomi Kluang," katanya.

Menurut Ah Kau, ekoran sambutan hangat yang berterusan itu, pihaknya akan sentiasa memberikan keutamaan kepada para penyewa berdasarkan konsep 'menang-menang' dengan meningkatkan tahap pengurusan kompleks serta mewujudkan suasana membeli-belah dan riadah yang ideal.

Selain itu, beliau berkata, Tenaga Nusantara juga akan sentiasa bekerjasama dengan peniaga-peniaga lain di Kluang untuk memajukan lagi prospek perniagaan lebih baik di kawasan tempatan.

Menurut beliau, pihaknya telah menyediakan 1,200 petak meletak kereta untuk kemudahan pengunjung dan pelanggan.

Sementara itu, Pengarah Eksekutif Pacific Hypermarket & Departmental Store Sdn. Bhd., Charlie Tan berkata, pembukaan Pacific Hypermarket di Kluang Mall merupakan cawangannya yang ke-12 di Johor.

Menurutnya, pihaknya memperuntukkan lebih RM5 juta untuk membuka cawangan yang turut menyediakan 500 pekerjaan kepada penduduk tempatan.

''Kami yakin pasar raya ini akan menerima sambutan menggalakkan kerana kedudukannya yang strategik," katanya.

Beliau berkata, seperti beberapa cawangan lain, pihaknya bukan sahaja menyediakan keperluan harian seperti ikan, sayur dan buah-buahan tetapi turut menempatkan bahagian pakaian, kosmetik, peralatan sekolah dan sukan di pasar raya itu.
Kompleks beli-belah jadi tarik pelancong

KLUANG 8 Jan. - Para pengunjung Kluang Mall berharap pusat beli-belah tersebut akan dapat menarik pelancong tempatan terutama dari Mersing dan Segamat untuk berbelanja di situ.

Menurut mereka, kemasukan pelancong penting kerana ia dapat membantu merancakkan perniagaan lain di sekitar bandar Kluang termasuk restoran dan keperluan harian.

Pengerusi Persatuan Penjaja dan Peniaga Kecil Melayu Daerah Kluang, Mahmud Rohani, 52, berkata, sekiranya Kluang Mall berjaya berfungsi sebagai pemacu ekonomi, maka ramai peniaga di Kluang terutama bumiputera akan menerima limpahan dan manfaat daripadanya.

''Ini kerana pelancong bukan sahaja akan berbelanja di situ tetapi akan turut berbelanja atau makan dan minum di restoran atau gerai sekitarnya," katanya kepada Utusan Malaysia di sini baru-baru ini.

Menurut beliau, persatuannya percaya perniagaan di kompleks tersebut tidak akan menjejaskan peniagaan bumiputera kerana Kluang Mall mempunyai sasaran pelanggannya sendiri.

''Perniagaan di Kluang Mall berasaskan barangan berjenama dan bermutu tinggi untuk golongan pertengahan dan kaya yang mana harganya pasti lebih mahal," katanya.

Beliau berkata, bagi golongan berpendapatan rendah dan sederhana mereka mempunyai banyak tempat lain untuk berbelanja termasuk di kedai dan bazar yang menawarkan harga rendah.

Rakannya, Mohd. Amin Mohamad, 36, berharap Kluang Mall akan dapat menarik lebih ramai pelancong Kluang untuk berbelanja dan beriadah.

''Memandangkan ekonomi Kluang tidak begitu memuaskan maka kemasukan pelancong penting dalam membantu mengerakkan perniagaan di bandar ini," katanya.

Mengenai corak perniagaan di kompleks tersebut, beliau berkata, kebanyakan barangan yang dijual berjenama, bermutu tinggi dan agak mahal.

''Tetapi ia sejajar dengan konsep perniagaannya yang memberikan tumpuan kepada golongan pertengahan dan berpendapatan tinggi," katanya.

Sementara itu, menurut seorang kakitangan swasta, Nur Auzani Ismail, 25, pembukaan Kluang Mall memberikan kemudahan kepada golongan muda dan remaja untuk berbelanja dan beriadah.

Menurutnya, jika sebelum ini mereka sering ke Johor Bahru, Batu Pahat atau Melaka untuk mencari sesuatu barangan, tetapi kini mereka boleh memperolehnya di Kluang.

''Ini dapat menjimatkan masa dan tenaga mereka," katanya.

Selain itu, katanya, pembukaan Kluang Mall juga memberikan peluang pekerjaan kepada ramai remaja terutama bumiputera tempatan.

''Kini mereka tidak perlu keluar daerah untuk mencari pekerjaan kerana banyak peluang pekerjaan ada di sini," katanya.
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Old January 10th, 2009, 03:32 AM   #246
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RM200mil projects lined up
By ANGIE NG


OSK Property targets RM120mil-RM130mil sales


Meanwhile, on the company’s plans for Atria Damansara in Damansara Jaya, Tan said: “Our plan is to redevelop the property into a more upmarket retail and commercial destination for Petaling Jaya folks. The modern shopping mall will have gross lettable area of 1.3 milion sq ft and also some low-rise shop offices.

“The development order has been obtained last year and the redevelopment is expected to kick off late next year. The potential GDV of some RM1bil will be realised by 2012,” he adds.

Last February, OSK Property sealed the deal to purchase Atria Damansara shopping complex located on 5.48 acres for RM75mil.

Currently some 68% of the space in the complex have been leased out for a monthly rental income of more than RM8mil.

“We will retain some of the property for lease to generate recurring income while the rest will be for sale. The oroject is expected to revive the vibrancy of the Damansara Jaya commercial area into a more happening destination,” Tan says.
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Old January 12th, 2009, 04:20 AM   #247
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Metrojaya: New stores will drive up sales
By Zurinna Raja AdamPublished: 2009/01/12



RETAILER Metrojaya Bhd expects sales to grow by five per cent this year, driven by new stores and ongoing marketing and promotion activities.

Last year, it made some RM400 million in sales.

The group operates seven department stores which account for 60 per cent of its revenue, three specialty stores and a new venture called MJ Outlet, which sells off-the-season products from its department and specialty stores.

"The idea to operate MJ Outlet is to provide a proper avenue to market our off-the-season products instead of having a warehouse sale all the time," chief executive officer Robert Heng said.

Metrojaya had launched an MJ Outlet and a Reject Shop at Brem Mall in Kepong on Saturday. Covering 46,000 sq ft of retail space, the stores offer men, ladies and children apparels and household items.

Well-known brands like Somerset Bay, East India and household items from Laura Ashley and Living Quarters are all available at MJ Outlet where prices are reduced by up to 70 per cent.

Heng said since its soft launch on December 20 last year, MJ Outlet has received positive feedback from customers who shop for quality products at lower prices.

"Our customers appreciate the move especially during challenging times like now," he adds.

Metrojaya has signed an 18-year lease with Brem Holdings Bhd and spent a total of RM4 million or RM2 million each to open MJ Outlet and Reject Shop.

Depending on the response, Heng said the group may open more MJ Outlets but it has not set any targets or budgets.

"It depends, as we move along, since our main focus is still department stores. If we do open more MJ Outlets, it will be at the edge of town," he said.

Meanwhile, Metrojaya will open a 125,000 sq ft department store in Sabah by the third quarter this year.
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Old January 12th, 2009, 04:36 AM   #248
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Factory outlets bullish on sales outlook
By LEE KIAN SEONG


Operators confident of attracting buyers with affordable pricing

KUALA LUMPUR: Factory outlet operators, which sell clothes sourced directly from factories, are optimistic about the sales outlook this year as their affordable price range will be attractive amid an economic slowdown.

Orifocus Sdn Bhd, which operates Factory Outlet Store (FOS) and Direct Factory Outlet (DFO), is bullish on sales for FOS, and is planning to open at least five new FOS stores.

“We project at least 10% sales growth this year (for FOS),” said Michele Yeo Tsin Tse, a manager at Orifocus.

The company currently has a total 41 outlets nationwide with 10 new outlets opened last year.


Reject Shop outlet at the Brem Mall, Kuala Lumpur

FOS had not been affected by the weaker consumer spending and the global economic downturn as the company registered a 15% growth in sales as at end-November last year.

“We don’t see crisis as a hard time. Instead it provides us opportunity due to our affordable product range,” Yeo said.

“Consumers might spend less on clothing when they need to cut their budget so market players like us have to provide products that have value for money to boost sales.”

On DFO’s performance, Yeo said the company expected a single-digit growth in sales for DFO next year as it had limited number of outlets.

DFO, with seven outlets, had posted single-digit growth annually in the last three years.

“DFO is more like second-liner products with lower price and good quality, and it can attract more buyers because of its pricing,” Yeo said.

MJ Department Stores Sdn Bhd (MJ), which operates Reject Shop, is forecasting a 5% to 10% sales growth for Reject Shop this year.

“As the message in the market is to spend wisely and how to stretch your money, Reject Shop’s business model of selling quality branded fashion products at affordable prices should enable us to sail through the storm,” said deputy general manager Alice Tan.

Tan said the company planned to open three to five new Reject Shop stores this year, adding to the 37 outlets currently.

“We will continue to promote the brand through print advertisements and focus on our 300,000 card members.

“We will ensure that they enjoy more benefits like discounts and gift vouchers,” she said.
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Old January 12th, 2009, 08:52 AM   #249
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CentreMart tawar barangan harga patut
http://www.centermart.com.my


CENTERMART, pusat beli-belah berkonsep harga ekonomi di Setapak, Kuala Lumpur, mensasar pengguna berpendapatan rendah dan sederhana untuk barangan keperluan harian dengan harga berpatutan.

Penasihat pemasarannya, Christy Hing, berkata pihaknya tampil dengan konsep berkenaan bagi menawarkan alternatif kepada pengguna yang berdepan dengan krisis ekonomi sekarang.

Menurutnyal, CentreMart seluas 7.5 hektar itu menawarkan pilihan membeli-belah ala pasar raya, lengkap dengan kios serta lot kedai menjual pelbagai produk harian termasuk kasut, produk bayi, butik pakaian, barangan telefon mudah alih, aksesori dan beg, setaraf pusat membeli-belah atau pasar raya besar.

Katanya, pihaknya turut menyediakan kemudahan pasar basah yang menawarkan aneka barangan dapur, termasuk daging, ikan dan ayam selain restoran, surau dan taman permainan sesuai untuk keluarga menghabiskan masa membeli-belah dengan harga berpatutan, tetapi berkualiti.

“Hampir 300 kedai dan kios ditempatkan di CenterMart dan pasar basah bagi pengguna membuat pilihan.

“Setakat ini hampir 80 peratus keseluruhan lot kedai dan pasar basah disewa manakala 20 peratus lagi masih terbuka untuk individu atau syarikat menyewanya.

“Sewa setiap lot kedai atau pasar basah serendah RM900 hingga RM2,000 bergantung kepada saiz,” katanya ditemui di CentreMart, Taman Danau Kota, Off Jalan Genting Klang, Kuala Lumpur, baru-baru ini. Hadir sama, Penasihat Kompleks CentreMart, Shaifulnizam.

Mengulas lanjut, Christy berkata, pihaknya yakin konsep membeli-belah harga ekonomi yang pertama seumpamanya di Kuala Lumpur itu, dapat memenuhi kehendak pasaran yang sentiasa inginkan harga yang murah tetapi berkualiti selain membuka peluang kepada usahawan kecil dan sederhana memulakan perniagaan.
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Old January 13th, 2009, 03:38 AM   #250
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new shopping malls..

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Mall retailers keen to expand, but cautious
By Zurinna Raja AdamPublished: 2009/01/13


RETAILERS still want to expand their businesses despite the challenging economic outlook this year, said a property consultant.

"They are cautious, but are pursuing expansion. The main concern is whether the (mall) developer has the capability to complete the project," DTZ Nawawi Tie Leung Property Consultants senior director Adzman Shah Mohd Ariffin said.

DTZ has been appointed the leasing agent and retail mall manager by Pramerica's Asian Retail Mall Fund (ARMF), the investor of four malls managed by DTZ.

The malls are SSTwo and Ampang in the Klang Valley and two malls in Penang, 1st Avenue and Island Plaza, which are currently undergoing refurbishment. All four malls offer a total net lettable area of about 1.8 million sq ft.

ARMF is an investment arm of US-based Prudential Financial Inc. As at June 30 2008, it has managed US$5.1 billion (RM18.21 billion) of group assets throughout Asia.

"Retailers are well prepared to expand despite the economic downturn. They want fresh loca-tions, which is the advantage we have with the four malls. So far, during our roadshow, we have received overwhelming response," he said in an interview recently.

Malls today are no longer just a shopping destination. The upcoming malls are adopting the edutainment and entertainment features by offering a wide variety of eatery outlets, karaoke centre, cinema and bowling alley, among others.

"This trend encourages people to spend a much longer time in the mall and browse around the shopping area," said Adzman.

"Edutainment and entertainment-trend malls attract shoppers from all walks of life. Thus, it's crucial for us to ensure the setting offers the right mix of products at every corner of the building."

SSTwo and Ampang are located within a residential and commercial area. Aimed at upper and middle class families and those with children under the age of 12, the malls offer 462,800 sq ft and 580,000 sq ft of nett lettable area, respectively.

Targeted to open by the fourth quarter of this year, SSTwo offers a dedicated kid's loft with children's fashion and toys and maternity goods in addition to other merchandise. Ampang key anchor tenants, meanwhile, include a department store, hypermarket and cineplex. The mall will be ready in the first quarter 2011.


The 1st Avenue mall in Penang offers 428,000 sq ft of nett lettable area with a dedicated youth level. The mall should be completed by fourth quarter this year. Its main target markets are young adults aged between 20 and 35 years old and middle to upper middle class professionals.

Established in 1996, the Island Plaza has an occupancy rate of about 70 per cent with Metrojaya and Cold Storage as anchor tenants. Since Penang draws huge tourist arrivals with many expatriates, Adzman said, both malls in Penang hope to cater to this market.
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Old January 13th, 2009, 08:35 AM   #251
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Fourth MJ Outlet launched in Kepong


METROJAYA Bhd opened the doors to its latest MJ Outlet in the Reject Shop store in Brem Mall, Kepong recently.

The outlet, which is the fourth so far, is located on the first floor and offers a selection of brands for shoppers.

The spacious sales floor has a children’s corner, a household department and sections for apparel and accessories for both men and women.


Spacious: The huge sales floor offers more options to shoppers.

The MJ Outlet stocks apparel from brands like Somerset Bay, East India Company, Ruscoe and Co., Alain Delon, Durban, Ambrosetti, Protfolio, Body Glove and Skiva.

Childrens brands include Disney stationery, Barbie, Dora and Ben 10 while the household department stocks Alfreso, Esque, Rose Garden, Novelle, Genova and Ann Taylor.

On the second floor, the Reject Shop has been set-up and it is the largest such store in Malaysia so far.

Metrojaya Bhd chief executive officer Robert Heng said the store’s merchandise included last season’s fashions and homeware.

“Customers here could see discounts of up to 70%.

“As a well-known department store, we keep abreast with the latest fashion trends and have ample stocks. If they are not sold at the department stores, we will send them on to the MJ Outlet.

“As the world faces an economic crisis, we hope our customers will accept this concept and support us,’’ Heng said during the launch.
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Old January 13th, 2009, 02:46 PM   #252
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KOMPLEKS Kluang Mall di Jalan Rambutan Kluang
mula dibuka kepada orang ramai baru-baru ini.
- Gambar JAAFAR AHMAD
Quite surprise to me tot!
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Old January 13th, 2009, 02:47 PM   #253
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5 lessons from leading luxury brands
13-01-2009: by Emily Tan
THEEDGEDAILY



Contrary to popular marketing myth, luxury brands are no longer immune to economic downturns like the current global financial crisis, according to The Leading Luxury Brands 2008, an Interbrand report.

“No industry will remain insulated,” said Interbrand group chief executive Jez Frampton in a press statement last month.

Frampton pointed out that the rapid expansion of luxury markets during the recent times of prosperity and the reliance of such brands on these markets may have left the sector vulnerable. However, there remained a tier of pure luxury brands that have minimised risk and generated long-term value that will see them through this time of economic turmoil.

Interbrand has identified this top tier of 15 global leading luxury brands in terms of brand financial value and has highlighted, in the report, the seven management trends that have helped these brands stand the test of time.

1. The brand is the master of the business
While business may dominate the brand in other sectors, the brand itself is the engine of the luxury brands’ business model. So, while other businesses might seek to maximise profits in the shortest time possible, luxury brands focus on long-term — building relationships that span generations. An example highlighted in the report is Rolex (No 4), a family heirloom that increases in value as it is passed down from generation to generation. The brand chooses to sacrifice the short-term profitability of new sales for long-term value.

2. Ask ‘why’, never ‘why not’ when it comes to extending the brand
Managing a luxury brand takes discipline and precision. If a brand fails to expand, it stagnates, but let it spread too far and it loses some of its iconic value. Using Dolce & Gabbana, Versace and Armani as examples, Interbrand’s report highlighted the loss of the higher-end brand’s long-term value when they started less expensive sub-brands. This could cost them the interest of the affluent consumer resulting in a “continuous spiral, forced to target an increasingly down-market audience”. However, if the same exclusivity and quality is maintained, as in Chanel’s move into watches, diversification works.

3. Total supply chain control
Uncompromising control of every step in the supply chain, obsession with detail and sometimes, total dictatorship are defining traits of a leading luxury brand. The report cited Gucci’s (No 2) “selling ceremony” which allows consumers exclusivity by positioning the most expensive products on the top floor and the least costly on the bottom level of their New York retail store.

4. Know when to say ‘no’
According to Interbrand, luxury brands need to be confident to the point of arrogance about their exclusivity. These brands understand that saying “no” to the consumer, even at the cost of higher sales, is what helps them maintain their cachet. Furthermore, these brands go so far as to exclude risky market segments by pricing, long lead times and scarcity. Even the world’s wealthiest wait on lists for the Birkin bag from Hermes (No 5).

5. Be cultural, not commercial
Luxury brands often begin with a philosophy that evolved into a business, said the report. Created by artisans, and not businessmen, the brands’ business success appeared to be motivated by more than profit alone. Interbrand believed that these brands feel they have a “cultural mandate” to lead in terms of style and to continuously innovate the qualities inherent in their legacy.

While these five traits have sustained the premium brands over time, some for well over a century, Interbrand questioned if they will continue to be relevant in the current economic upheaval thanks to growing social consciousness among the world’s rich.

According to the report, a more responsible and accountable consumer is emerging. These consumers may have the means to comfortably survive the economic storm, but they are uncomfortable flaunting their wealth. Interbrand noted that the luxury sector is already feeling the pinch.

“As the excesses of earlier days disappear, constant determination, conviction and creativity will be a must,” said Interbrand’s CEO for Europe Jean-Baptiste Danet in a statement last month. “A ‘business as usual’ attitude in the uncertain times ahead will not be enough.”

While these leading brands offer important lessons to others and are likely to fare better than most in the uncertain economic times ahead, the markets are proving to be unpredictable. The Leading Luxury Brands 2008 by Interbrand defines a luxury brand as one that sits within a tier of a consumer-facing category that demonstrates price insensitivity, show that being expensive is of a neutral or positive impact to their image and demonstrates that perceived price has a low role among drivers of purchase.

To qualify for inclusion, the brand must also be global with at least 30% of sales volume derived from markets beyond its home country and a presence in all core markets of the Americas, Europe and Asia. The brand’s value is then calculated based on how much it is likely to earn for the company in the future. This is determined by a combination of analysts’ projections, company financial documents, and qualitative and quantitative analysis.
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Old January 15th, 2009, 04:19 AM   #254
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Malls come alive for Chinese New Year
By OH ING YEEN and CHRISTINA LOW


Despite the economic slowdown, Chinese New Year celebrations are in full bloom as shopping malls deck themselves in shades of red and pink with cherry blossoms and lanterns galore. Strains of festive music can be heard and, judging by the crowd, it is still a time to enjoy.


Unique: Pavilion Kuala Lumpur invites the public to touch its Golden Bull for luck at its Bintang Entrance.

TODAY, the spotlight is on the malls in the heart of Kuala Lumpur.

Sungei Wang

Sungei Wang Plaza chose a village setting this year, to portray the Ox hard at work in the padi fields. Themed the Ox-Picious Spring Festival, the main entrance and the concourse area gives shoppers a glimpse into a farmer’s life complete with the day’s crops. Besides arts and craft exhibitions, the China Beijing Youth Acrobatic Troupe will be performing at the mall till Jan 19.

Great Eastern Mall

The Great Eastern Mall in Kuala Lumpur goes traditional with a Chinese Kampung complete with pots, plates and furniture for the festival.


Festive sight: Sungei Wang Plaza’s theme for the Ox-Picious Spring Festival.

Pavilion Kuala Lumpur

Those heading to Pavilion Kuala Lumpur should not miss the chance to touch the mall’s huge golden bull for good luck. It stands in a charging position at the Bintang entrance greeting shoppers at the start of the Pink Blossom Walk where cherry blossom trees bring the spirit of Spring alive. Shoppers can catch the world champion Kun Seng Keng lion dance troupe in action every weekend till Jan 28.

Berjaya Times Square

Cherry blossoms are in the air as they fill the lobby level of the mall alongside giant replicas of traditional lanterns and gold coins to signify the arrival of the festival. The shopping centre brings performance such as the Traditional Chinese Instrumental Group, Eight Prosperity Drums, Chinese prosperity Dance and Children Mei Hua Dance till Feb 9.


Colourful: Chinese New Year decorations at Bangsar Shopping Centre.

Bangsar Shopping Centre

A scene from the movie King Fu Panda was adapted by Bangsar Shopping Centre (BSC) and the newly renovated East Wing area is filled with Chinese delicacies and festive plants along the walkways while its West Wing Concourse offers a wide array of ornaments, fashion accessories, soft furnishings, gift hampers and many other unique decorative items.


Simple: Suria KLCC decorations use traditional Chinese red lanterns to symbolise the New Year.

Suria KLCC

At Suria KLCC, decorations are simpler with traditional Chinese red lanterns to symbolise the New Year together with a huge Chinese word, Fook, which symbolises luck in the middle of its concourse area.

Cap Square

Cap Square, a new dining hotspot, also livens up with Chinese Calligraphy Demos, Chinese Acrobatic and Mask Changing shows, and Chinese Classical Music performances till Jan 22.

Cheras Leisure Mall

Cheras Leisure Mall is decorated with delicate flowers and rich colours to create a joyful and fun shopping experience. The God of Prosperity mascot makes an appearance every Sunday while the Sichuan Opera Arts Performances are held every Saturday and Sunday.
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Old January 15th, 2009, 04:23 AM   #255
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Ox-citing time for shoppers at Sunway Carnival Mall


SUNWAY Carnival Mall, in ushering the Year of the Ox, came alive with the thundering sounds of Chinese drums and a dragon dance performance recently in Penang.

Twelve drummers performed at its concourse to entertain the shoppers while the God of Prosperity mingled with them to spread ‘Choy Fatt’ (good luck) around.

To mark the event themed ‘The Blossoming of Spring’, Penang Tourism Development, Culture, Arts and Heritage Committee chairman Danny Law led the tossing of the giant Yee Sang while the crowd was entertained by a Chinese musical orchestra.

Throughout the Chinese New Year month until Feb 15, a long list of exciting activities has been lined up at the mall.

Among them are Sunway Carnival Traditional Lion Dance Cup 2009, Floral Workshop & Flower Arrange-ment Competition, Chinese Orchestra Music Performance, SCM Chinese Classical Songs Compe-tition 2009, Kung Fu, Martial Arts and Acrobatics performances, God of Prosperity walkabouts, Calligraphy contest, CNY cheongsam fashion shows and Chinese Thundering War Drums Performance.
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Old January 16th, 2009, 03:40 AM   #256
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Jusco operator Aeon plans network expansion


It wants to invest RM250mil to open three new shopping centres in two years

KUALA LUMPUR: Aeon Co (M) Bhd, which operates Jusco stores, plans to spend RM250mil in two years to expand its shopping centre network, said chairman Datuk Abdullah Mohd Yusof.

The retailer would open a new shopping centre in Malacca this year and another two by early next year, he said.

Abdullah did not disclose the locations of the proposed shopping complexes.

“We will continue to expand our MaxValu store and explore business opportunities in east Malaysia,” he said, referring to one of the stores under the Aeon group.

The company currently has 21 Jusco stores, 16 shopping centres and five MaxValu stores.


From letf: AEON Co (M) Bhd MD Nagahisa Oyama and chairman Datuk Abdullah Mohd Yusof unveiling the new AEON 25th Anniversary logo on Thursday in Kuala Lumpur.
On the weaker consumer spending, Abdullah said the slowdown was expected and the retail industry would not escape the imminent impact of the economic downturn.

“This real situation ...is (still) unclear at the moment but we can overcome it with the experience (we had) in the last two recessions and support from the staff,” he said at Aeon’s 25th Anniversary press conference yesterday.

Aeon Malaysia only experienced a 2% drop in sales during the 1997/98 Asian financial crisis, according to Abdullah.

He said the company hoped to maintain this year’s sales performance at 2008’s level, noting that retail spending by the lower to middle classes was still growing.

The retailer had registered 11% to 13% revenue growth annually in the last few years, Abdullah said.
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Old January 16th, 2009, 12:28 PM   #257
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Originally Posted by nazrey View Post
Quite surprise to me tot!
hahahha...why???
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Old January 19th, 2009, 03:49 AM   #258
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Premium outlet for Kulaijaya
By ZAZALI MUSA


KULAIJAYA: The Asiatic Indahpura Kulaijaya township is projected to have the first Premium Outlet in South-East Asia offering international branded items at discounted prices.

Among the items are designer fashion and sportswear, shoes, fine leather, luggage, accessories, jewellery, home furnishings, houseware, gifts, specialty items and products for children.

To be known as the Johor Premium Outlet (JPO), it will be built on a 20ha site in the 2,832ha township.

The project is a 50:50 joint venture between Asiatic Land Development Sdn Bhd and the US-based Simon Property Group’s division named Chelsea Property Group.

Asiatic Land is a wholly-owned subsidiary of Asiatic Development Bhd and a member of the Genting Group.

“We have given approval for JPO and Prime Minister Datuk Seri Abdullah Ahmad Badawi is expected to make an announcement on the project,’’ said Kulai Municipal Council president Ismail Karim.

He said this at the opening of Asiatic Land’s new sales office by Kulaijaya district officer Elias Hasran and Asiatic Land vice-president Habibullah Khong Sow Kee.

The Chelsea Property Group is the world’s largest owner, developer and operator and of upscale outlets with 38 outlets in the United States, six in Japan and one each in South Korea and Mexico.

With headquarters in Indianapolis, the Simon Property Group is the largest public-listed real estate company in the United States and has interests in 383 properties covering 261 million sq ft of gross lettable area in North America, Europe and Asia.

Meanwhile, Habibullah said that JPO was expected to attract more than four million tourists and shoppers annually.

“Apart from locals, we want to attract tourists and shoppers from Asean countries, the Middle East, India, China and Australasia,’’ he said.

Habibullah said the company would have a tie-up with the Genting Group, which is developing an Integrated Resort in Sentosa, Singapore, to market JPO to its guests.


...cant wait 4 dis...!!but y kulai???? shud be KL
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Old January 19th, 2009, 04:33 AM   #259
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Hey, big Singaporean spenders!
By : Ahmad Fairuz Othman



A Chinese drum troupe performing at the launching of the ‘Zoom! Chinese New Year Midnight Sale’ at Danga City Mall.


JOHOR BARU: Singaporeans are the country's biggest spenders in terms of shopping.

Tourism Minister Datuk Seri Azalina Othman Said said a 2007 survey revealed that Singaporeans spent RM21.96 billion in tourism-related transactions.

The money came from more than 16 million Singaporean tourists who visited the country in the same year.

Azalina said tourists from the republic spent 28 per cent of their money on shopping.

"With the currency exchange rate, I believe that shopping in Malaysia provides Singaporeans with better value for their money.

"In times of an economic slowdown, everyone will be more price-sensitive and Malaysia offers great value for money," she said after launching the "Zoom! Chinese New Year Midnight Sale" at Danga City Mall here on Saturday night.

During the three-day sale, which ended yesterday, shops in Danga City Mall, City Square and Plaza Pelangi extended their business hours until 1am and offered discounts of up to 70 per cent.

The upward trend of Singaporean buying power continued last year and is expected to be the same for this year.

Statistics from the Malaysia Mega Sale carnival last year showed that Singaporeans spent the most with a whopping RM62.8 million in credit card transactions.

Azalina said that Johor was chosen as the venue for the "Zoom! Chinese New Year Midnight Sale" because of the high influx of shoppers from Singapore.

"The shopping promotions held during the Christmas and Hari Raya Aidilfitri festivals were equally successful."

Azalina also said the new train service between Danga City Mall and Tanjung Pagar railway station in Singapore would also facilitate shoppers who frequent the southern city.

The train service was launched on Jan 5 and there are four return trips daily at a cost of RM3 per person.

Azalina urged shopping malls nationwide to promote local products such as batik, handicraft and local delicacies at their premises.

Tourism Ministry secretary-general Datuk Dr Ong Hong Peng said 5,000 shoppers were expected at each of the three shopping malls during the three-day midnight sale.
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Old January 19th, 2009, 06:41 AM   #260
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Metrojaya sasar jualan tumbuh 5%
KUALA LUMPUR 18 Jan. – Metrojaya Bhd. (Metrojaya) menyasarkan pertumbuhan jualan lima peratus tahun ini selepas mencatatkan jualan berjumlah RM400 juta pada tahun lalu.

Ketua Pegawai Eksekutifnya, Robert Heng berkata, jumlah sasaran itu adalah berdasarkan keadaan ekonomi negara yang mencabar pada ketika ini.

‘‘Pada tahun lalu, pertumbuhan jualan kami adalah mendatar, tetapi pada tahun ini, kami mensasarkan lima peratus kerana yakin dengan strategi perniagaan pada tahun ini.

‘‘Pelbagai strategi telah dirangka seperti mempertingkatkan promosi, jualan gudang serta jualan murah untuk memacu jualan pada tahun ini,’’ katanya selepas majlis pelancaran MJ Outlet dan Reject Shop di sini, baru-baru ini.

MJ Outlet merupakan cawangan kecil kepada gudang membeli belah Metrojaya yang menempatkan barangan musim lalu dan dijual pada harga yang lebih murah sehingga 70 peratus potongan.

Heng berkata, Metrojaya telah melabur sebanyak RM4 juta untuk membuka MJ Outlet ini dan sedang meninjau peluang untuk membuka MJ Outlet sekiranya mendapat permintaan.

‘‘Sekiranya mendapat pelan cadangan, kami akan menimbangkannya dan lokasi pembukaan MJ Outlet akan di buat di kawasan luar bandar atau pinggir bandar,’’ jelasnya.

Ketika ditanya mengenai cadangan pengembangan perniagaan Metrojaya pada tahun ini, Heng menjelaskan mereka akan membuka gedung membeli belah Metrojaya di Sabah pada bulan Ogos ini.

‘‘Setakat ini hanya Sabah pastinya akan dibuka, tetapi kami tidak menolak kemungkinan untuk membuka di tempat lain sekiranya mempunyai lokasi yang sesuai dan kami akan menilai cadangan pembukaan tersebut,’’ katanya.
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