Magazines Archives - 2007 February

Baleno Malaysia Set To Multiply In-Base Stores By Next Year
Story 7

BALENO MALAYSIA, a subsidiary of Hong Kong-based Baleno Holdings, is aiming to multiply its in-base fashion outlets in the country from the current five to 15 next year.

With the added in-bases set up nationwide, the Malaysian arm is targeting annual sales of RM100 million (US$29.11 million), assistant general manager Ivan Teo told the local media. The current five stores carry the brands Baleno, Samuel & Kevin, I.P Zone, Astro Boy, Magic Boz, ebase and ebase garcons.

While Teo did not disclose the investment figure for the new stores, the company was known to have spent some RM12 million on the first five outlets.

The company is also mulling over the prospects of opening stores in the states of Sabah and Sarawak, where new shopping malls have sprung up. According to Teo, Baleno’s fashion items, priced from RM19-RM149, are targeted at different customer groups.


2007 February Stories:

HR & Training – Service Excellence
Secret to better service. Creating a more involved working environment

The Valiram Group Wins Bid To Manage Luxury Brands At Changi Airport

China Reports Healthy 2006 Sales Growth

Pantaloon Signs JV With US Retailer Of Office Supplies

E-Land To Sell Carrefour Stores In South Korea

Tesco To Beef Up Korean Presence

Pet Safari Opens Largest Store In Singapore

Baleno Malaysia Set To Multiply In-Base Stores By Next Year

Inditex Expands In Asia

s.Oliver Launches Into India With Leading Local Partner

Traditional Thai Retailers Face Imminent Shutdown Unless More Aid Is Given

Damas Taps India’s Emerging Gems Market

HK Group Charts Major Growth Up North

Marks & Spencer To Debut In Kolkata

Competition Expected To Fuel M&As In China

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