Magazines Archives - 2007 April

Tangs to make regional forays, beginning with KL
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SINGAPORE department store CK Tang, which is marking its 75th year in business, has announced its plans to revisit the Malaysian retail scene.

Speaking at a party last month to kick off its year-round anniversary celebrations, executive chairman Tang Wee Sung said: “We are now poised to take our home-grown brand and lifestyle concepts to greater heights by venturing overseas.

“Come September this year, we will be re-entering the Malaysian market by opening our Tangs fashion-lifestyle store at the Pavilion — a new upmarket shopping mall in the heart of Kuala Lumpur’s golden triangle.”

On the opening of the 65,000sqf store, CK Tang CEO Foo Tiang Sooi added: “We are expanding our regional foothold with Malaysia as the first market because we have observed that, with growing affluence, Malaysian consumers are more discerning in their tastes and lifestyles. They want to be enticed by new and exciting shopping ideas, similar to what they have experienced on their overseas trips to major fashion capitals.

“This offers us the perfect opportunity. We are confident that Tangs is able to offer them what they are looking for — a new and fresh concept in retail.”

The company held its anniversary launch party at its flagship Tangs Orchard store, whose exterior served as a canvas for a dazzling light show for hundreds of invited guests. Raising a toast for the occasion, Tang recalled the company’s “humble beginnings and 75 years of sheer hard work in making Tangs what it is today — Singapore’s iconic shopping destination”.

 



2007 April Stories:

Developing economies spearhead retail sales growth in the region

Seiyu expects to recover from the red with gains

Tangs to make regional forays, beginning with KL

Vietnam to modernise in hopes of generating higher retail sales

Metro to build largest store in China

Daimaru’s purchase of Matsuzakaya will create largest Japanese store chain

Shoppers’ Stop to buy 19% of HyperCity

FJ Benjamin acquires exclusive rights to retail Celine in South-east Asia

edc takes first bow outside Europe in S’pore

Li & Fung buys Tommy Hilfiger’s sourcing operations

Sweden’s H&M opens in Asia

Landmark embarks on growth path in Kolkata

China sees fastest sales rise in 2 years

Aeon buys a stake in flagging Daiei

7-Eleven cash exchange round the clock




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