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Indian retail conglomerate Reliance Industries Limited has signed a franchise agreement with American luxury department store Saks Fifth Avenue to expand its luxury retail portfolio through its subsidiary Reliance Retail, the company said in its third-quarter financial report last week.
In May, the company turned the first sod on a mall at Tan An in the Mekong Delta, 50km south of Ho Chi Minh, slated to be its eighth mall when it opens next year, located in the new administrative centre of Long An province, adjacent to National Highway 1A. The site is expected to be trading by the end of this year.
While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retailmarket. In turn, brands should view their affiliation with off-price retailers as opportunistic partnerships.
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The other two being Siam Piwat and The Mall Group,” Michael Baker, a retail expert based in Bangkok and former head of research for International Council for Shopping Centers, told Inside Retail. Central’s superregional malls and department stores are ubiquitous in Thailand. What does it mean for the future of Selfridges?
MUST Wine Loft is a European-inspired artisanal wine and cheese store and cafe located in downtown St. They sell everything from cheese spreaders and wine glasses to curated gift baskets and retail wines. We’re located on the first floor of the 5th Avenue Lofts apartment building, so we added Loft to our first location’s name.
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