200 Leading Retailers in Asia
. Showcasing the very best in retail innovation across Asia from hypermarkets to convenience retail
made with Introduction
Thank you for downloading this eBook featuring 200 of the most exciting & innovative retailers in Asia. We've spent weeks speaking with our community and researching across the web to bring you this list, and we hope that you nd it useful & interesting.
This is by no means a de nitive resource, but more an opportunity to spark a discussion. Which retailers would make your top 200? Which countries do you see as the biggest opportunity for retail? Which categories excite you the most? How will this list change as e-commerce continues to grow? We'd love to hear your thoughts.
Seamless Asia
We were inspired to put this list together ahead of our Seamless Asia conference and exhibition, running on 2nd-4th May 2018 at Suntec Convention Centre here in Singapore.
Over the years we've seen so many phenomenal retailers take the stage to present their challenges and their visions for the future of retail. Through this eBook we wanted to honour many of those businesses, as well as showcase some of those who we hope will join us in the future to share their stories.
We would love to see you and your team at the show in May, as we come together to celebrate the very best in Asian retail, and look ahead to the seamless future of commerce throughout the region.
Best wishes
Oliver Arscott & Team Seamless Key Statistics Category Statistics
First let's take a look at categories. Here we see that fashion & jewellery have clinched the top spot, making up some 20% of the total list. It is interesting to note that there is a far greater presence of global brands within this category than in any other, with 60% of companies hailing from outside of Asia.
Convenience stores, demonstrating annual store growth of 15-40% in countries like Vietnam, the Philippines and Indonesia, are a particularly exciting category to keep an eye on, with many young brands already with hundreds of stores in operation.
At the bottom of the list are the variety stores. This is also the most homogeneous category, with all 5 companies headquartered in Japan. Given how quickly this category is growing however, especially driven by market leader Daiso, it is certainly one to keep a close watch on. Country Statistics
The ve countries with the largest contingents on this list are all represented for di erent reasons:
1) Japan - Japan dominates the variety retail market, as well as having a strong showing on our list in department stores and in electronics & home categories
2) Singapore - Singapore retail is going through some challenges but remains a rm retail hub, especially through mall operators and department stores
3) India - In India we see electronics & home as being a really dominant category, with Reliance Digital alone operating some 2,000 stores
4) China - Chinese retail is more centralised than India, demonstrated by businesses like Easy Joy convenience store operating in 25,000 locations
5) Hong Kong - Unsurprisingly Hong Kong is especially well represented on this list in the fashion & jewellery category, with 5 entries Store Number Statistics
Here we break down categories by number of stores in operation. We have to be slightly careful here, as some of the brands represented, especially in fashion and hypermarkets, run many of their stores outside of the Asia region.
Nevertheless, there are some de nite lessons we can draw from this data. The most glaring of these is the economies of scale needed to run an e ective convenience retail chain. These numbers are especially driven by countries like China, where leading convenience brands run tens of thousands of stores.
At the other end of the spectrum, department stores & mall brands in Asia rarely have more than 30 sites in operation, focusing instead a uent, urban areas where they can guarantee pro table tra c. As the standard of living in Asia increases, it will be interesting to see how existing department stores and malls grow into tier II/III cities. Convenience Stores Convenience Retail Summary
Convenience retail in Asia is being driven by a number of signi cant market trends, from urbanisation to growing prosperity. As families move from extremely rural settings into towns and cities, the reliance on mom-and-pop style shops (eg Kirana stores in India) falls as families graduate to more established, urban convenience stores for their weekly shop.
Growth in convenience formats has also been driven by changing working patterns. In the Philippines for example, the growth of the BPO sector has meant that early & late opening convenience stores have found pro tability by serving workers on antisocial shift patterns.
Increased prosperity also means that convenience chains can operate in smaller and smaller towns, a trend which has been particularly seen in markets like the Philippines and Indonesia where chains have seen double- digit growth.
An exciting trend that we've also seen is the changing role of convenience stores, especially as they enter into tier III and smaller towns. Whereas the product range o ered in cities can be quite narrow, in more rural settings we've seen an uptick in additional services on o er, from quasi-banking to e- commerce ful llment.
Whilst growth in the convenience retail sector is unlikely to be sustained in developed Asian economies like Singapore and Japan, we can expect CAGR of up to 40% in emerging markets like Vietnam. Convenience Stores Shortlist
Organisation Outlet Type Headquarters Locations Parent Company Name Worldwide
108 Shop Convenience Thailand 250+ Saha Group Store
7-Eleven Convenience USA 56,600 Seven & I Store Holdings/Seven- Eleven Japan
99 Convenience Malaysia 800 99 Speed Mart Sdn SPEEDMART Store Bhd
Alfamart Convenience Indonesia 10,000 PT. Sigmantara Store Al ndo
B's Mart Convenience Thailand 200 Berli Jucker Plc Store
Cheers Convenience Singapore 160 National Trades Store Union Congress
Circle K Convenience USA 8,000 Alimentation Store Couche- Tard/Convenience Retail Asia
CJ Express Convenience Thailand 250 CJ Express Group Store Co., Ltd.
CU Convenience South Korea 8,000 BGF Retail Co., Ltd. Store Easy Joy Convenience China 25,000 Sinopec Group Store
Easyday Convenience India 500 Future Group Store
FamilyMart Convenience Japan 17,000 FamilyMart UNY Holdings, Store Ltd.
Fresh Mart Convenience Thailand 600 Fresh Mart International Store co.,ltd
GS25 Convenience South Korea 5,000 GS Group Store
Indomaret Convenience Indonesia 11,000 Salim Group Store
Lawson Convenience Japan 14,000 Mitsubishi Corporation Store
Meiyijia Convenience China 7,400 Meiyijia Convenience Store Store Co. Ltd
Ministop Convenience Japan 4,900 Æon Group Store
MyNews Convenience Malaysia 250 Bison Consolidated Berhad Store
PARKnSHOP Convenience Hong Kong 300 A.S. Watson Store Group/Hutchison Whampoa
Spar Convenience Netherlands 12,500 Groupe Casino/SPAR Store Group, Inc. uSmile Convenience China 17,000 PetroChina Co., Ltd. Store Department Stores Department Stores Summary
Department stores are undoubtedly going through a period of transition. On the one hand they are being challenged by malls with evolving tenant mixes and an increased focus on becoming entertainment and leisure destinations. On the other hand, e-commerce is slowly chipping away at the need to come in-store in the rst place.
For many department stores, this transition means a degree of consolidation. As margins tighten, it will become increasingly di cult to justify such signi cant spend on real estate in premium locations. Indeed, we've already seen many department stores move to become key tenants within mall spaces, rather than owning entire buildings outright.
Nevertheless, whilst this space consolidation may cause some stress on well established department store businesses, there is plenty of reason for optimism.
The growing middle class across Asia, expected to reach 3.2 billion by 2030 according to the OECD, will drive a signi cant increase in consumer spending. Through a focus on experiential shopping, retailers can appeal to this new aspirational class.
Furthermore, whilst e-commerce will continue to grow as a percentage of total spend, the pace of growth has been somewhat slower than expected, currently sitting at only 4% of total consumer spend in the Southeast Asia region. Indeed, many e-commerce businesses are opening their own physical retail spaces, recognising that Asian consumers still value experiencing products in the esh before purchase. Department Stores Shortlist
Organisation Outlet Headquarters Locations Parent Name Type Worldwide Company
AK Plaza Department South Korea 5 Aekyung Store Industrial
Amphon Department Thailand 2 Phra Nakhon Si Store Ayutthaya
BHG Department China 15 Beijing Hualian Department Store Group Stores
Centro Department Philippines 17 Citistores Inc Store
D-Mart Department India 132 Avenue Store Supermarts Ltd.
Diamond Plaza Department Vietnam 1 Chatur Group Store
Far Eastern Department Taiwan 1 The Far Eastern Store Group
Galeries Department France 7 Galeries Lafayette Store Lafayette Group
Galleria Department South Korea 5 Hanwha Group Store Hankyu Department Japan 14 H2O Retailing Corporation Store
Hanshin Department Japan 5 H2O Retailing Corporation Store
Harvey Nichols Department UK 16 Dickson Concepts Store
Hyundai Department South 14 Hyundai Department Store Korea Store Group
Isetan Department Japan 20 Isetan Mitsukoshi Ltd. Store
Lotte Department South 34 Lotte Co., Ltd. Store Korea
Marks & Department UK 1,433 Marks and Spencer plc Spencer Store
Matahari Department Indonesia 142 PT Matahari Department Store Store Tbk
Metro Department Singapore 3 Metro Pte Ltd Store
Metro Retail Department Philippines 46 Metro Retail Stores Group Stores Store Inc.
Metrojaya Department Malaysia 5 MUI Group Store
OG Department Singapore 3 OG Pte Ltd Store
Pantaloons Department India 85 Aditya Birla Group/Future Store Group
Parco Department Japan 25 J. Front Retailing Store
Parkson Department Singapore 65 Parkson Retail Asia Store Limited Robinson Department Thailand 39 Central Group Store
Robinsons Department Philippines 37 Robinsons Land Store Corporation
Rustan's Department Philippines 5 Rustan Commercial Store Corporation
Seibu Department Japan 16 Seven & I Holdings Co., Store Ltd.
Shinsegae Department South 18 Shinsegae Corporation Store Korea
Shoppers Stop Department India 73 K Raheja Corp Group Store
Sincere Department Hong 7 Sincere Group Department Store Store Kong
SM Department Department Philippines 30 SM Investments Store Store
Sogo Department Japan 50 Sogo & Seibu Store
Takashimaya Department Japan 25 Mitsubishi UFJ Financial Store Group
Tangs Department Singapore 7 C.K. Tang Limited Store
The Mall Department Thailand 9 The Mall Group Department Store Store
Westside Department India 90 Tata Group Store
Wing On Department Hong 5 Wing on Company Store Kong International Limited
Electronics & Homeware Stores Electronics & Homeware Summary
Electronics Stores When it comes to the consumer electronics space, Asia is undoubtedly the market with the greatest growth potential. Between 2010 & 2015, the Asian market for electronic goods grew by a CAGR of 6.5%, and that rate of growth has shown no signs of letting up.
Whilst in much of the rest of the world trends like the shrinking PC market has seen electronics stores struggle in the last couple of years, Asia remains a huge opportunity for further growth. This will be driven by a number of key factors including the rapidly expanding penetration of a ordable smartphone and the growing rate of disposable income across the region.
There are challenges though. The success of e-commerce sites like Lazada across Southeast Asia, within which electronics are a key category, means that brick-and-mortar retailers will have to ght harder than ever to compete. We've also seen a growth in convenience retailers in rural areas stocking electronics goods, as well as acting as ful llment centres for online commerce.
Homeware Stores
With market leader IKEA set to open stores in the Philippines and in India, to augment its already impressive 9 market presence in Asia, we can see an increasingly buoyant homeware sector.
This market is rmly split between global brands and local incumbents, with both being challenged by startup e-commerce brands such as Fabelio and FOYR. Electronics & Homeware Shortlist
Organisation Outlet Type Headquarters Locations Parent Name Worldwide Company
Ashley Furniture Electronics & USA 520 Ashley HomeStore Homeware Furniture Industries
Best Denki Electronics & Singapore 14 BEST Denki Homeware (Singapore) Pte Ltd
Bic Camera Electronics & Japan 41 Bic Camera Inc Homeware
Challenger Electronics & Singapore 38 Challenger Homeware Technologies Limited
Courts Electronics & Singapore 80 Courts Homeware (Singapore) Pte Ltd
Croma Electronics & India 98 Tata Group Homeware
DeoDeo Electronics & Japan 150 edion Group Homeware
EZone Electronics & India 44 Future Group Homeware Gome Electronics & China 850 GOME Electrical Homeware Appliances Holding Limited
Habitat Electronics & France 530 Cafom SA Homeware
Harvey Electronics & Australia 194 Harvey Norman Holdings Norman Homeware Limited
Himart Electronics & South Korea 300 Lotte Co., Ltd. Homeware
Ikea Electronics & Netherlands 400 Stichting INGKA Homeware Foundation/Inter IKEA Group
NEXT Electronics & India 600 Videocon Homeware
Nitori Electronics & Japan 400 Nitori Holdings Co., Ltd Homeware
Osim Electronics & Singapore 60 OSIM International Ltd Homeware
Power Buy Electronics & Thailand 80 Central Group Homeware
Reliance Electronics & India 2,000 Reliance Retail Digital Homeware
Staples Electronics & USA 1,900 Staples Inc. Homeware
Suning Electronics & China 1,300 Suning Commerce Group Homeware
Yodobashi Electronics & Japan 23 Yodobashi Camera Co., Camera Homeware Ltd Fashion & Jewellery Stores Fashion & Jewellery Summary
Fashion Retail
Asian expenditure on clothing and footwear predicted to grow by 9.5% annually over the next ve years, with 2018 regional expenditure expected to reach $920 billion. $500 billion of this is due to come from China alone, outstripping both Western Europe and North America in terms of market size.
Fast fashion brands are doing especially well within Asia, with brands like H&M, Gap & Zara doing well to capture new middle-class customers at aspirational but attainable product price points. In general, greater awareness of western fashion, much of which has been driven by exposure on social media platforms, will continue to create demand.
At the same time, we are seeing local brands catering to speci cally Asian cuts and styles having a great deal of success (for example Love, Bonito in Singapore) a trend which will put pressure on global brands to localise products to ensure long-term relevancy.
Jewellery Retail
With all the talk of millennials not buying diamonds, it is refreshing to see the jewellery market continuing to grow across a number of Asian markets, in particular Indonesia with 7.8% CAGR and India with 6.9% CAGR, both of which have a very "millennial" average population age of 28/29. This compares favorably to the more sluggish growth in markets like Singapore (3.9%), where the average age is 40. Fashion & Jewellery Shortlist
Organisation Outlet Headquarters Locations Parent Company Name Type Worldwide
ABC-Mart Fashion & Japan 1,000 ABC-MART, Inc. Jewellery
Aldo Fashion & Canada 3,000 Aldo Group Jewellery
Armani Fashion & Italy 270 Giorgio Armani Exchange Jewellery S.P.A.
Belle Fashion & China 4,000 Belle International International Jewellery Holdings Limited
Bershka Fashion & Spain 1,000 Inditex Jewellery
Biba Fashion & India 350 Biba Jewellery
BIMBA Y Fashion & Spain 200 BIMBA Y LOLA LOLA Jewellery
Calvin Klein Fashion & USA 3,000 Phillips-Van Heusen Jewellery Corporation
Charles & Fashion & Singapore 600 Charles & Keith Keith Jewellery Group
Chow Tai Fashion & Hong Kong 1000 Chow Tai Fook Fook Jewellery Enterprises Ltd. Cotton On Fashion & Australia 1,200 Cotton On Group Services Jewellery Pty Ltd.
Debenhams Fashion & UK 240 Debenhams plc Jewellery
Desigual Fashion & Spain 320 Abasic, S.L.U Jewellery
Dorothy Fashion & UK 720 Arcadia Group Perkins Jewellery
Esprit Fashion & Hong 900 Esprit Holdings Limited Jewellery Kong
Folli Follie Fashion & Greece 380 Folli Follie Group Jewellery
Forever 21 Fashion & USA 600 Forever 21, Inc. Jewellery
G2000 Fashion & Hong 700 Wing Tai Holdings Limited Jewellery Kong
Gap Fashion & USA 3,700 The Gap, Inc. Jewellery
Giordano Fashion & Hong 2,800 Giordano International Jewellery Kong Limited
GU Fashion & Japan 335 Fast Retailing Jewellery
H&M Fashion & Sweden 3,700 H & M Hennes & Mauritz Jewellery AB
La Senza Fashion & Canada 700 L Brands Inc. Jewellery
Lane Crawford Fashion & Hong 9 The Lane Crawford Joyce Jewellery Kong Group
Lee Hwa Fashion & Singapore 22 Aspial Corporation Jewellery Jewellery Li Ning Fashion & China 4,000 Li-Ning Company Jewellery Limited
Mango Fashion & Spain 1,700 Mango (clothing) Punto Jewellery Fa, S.L.
Massimo Dutti Fashion & Spain 750 Inditex Jewellery
Nike Fashion & USA 1,100 Nike, Inc. Jewellery
Padini Fashion & Malaysia 330 Padini Holdings Jewellery Berhad
Pull&Bear Fashion & Spain 870 Inditex Jewellery
Royal Sporting Fashion & Singapore 700 RSH Limited House Jewellery
SK Jewellery Fashion & Singapore 40 Soo Kee Group Jewellery
Sunglass Hut Fashion & Italy 2,300 Luxottica Group Jewellery
T.M.Lewin Fashion & UK 200 T. M. Lewin & Sons Jewellery Limited
Tanishq Fashion & India 200 Titan Industries Jewellery
Ted Baker Fashion & UK 490 Ted Baker plc Jewellery
Topshop Fashion & UK 500 Arcadia Group Jewellery
Uniqlo Fashion & Japan 1,800 Fast Retailing Jewellery
Zara Fashion & Spain 2,000 Inditex Jewellery Health & Beauty Stores Health & Beauty Summary
Signi cant growth can be found across all categories of health & beauty, but especially in the cosmetics market where Asia is predicted to make up 80% of the global cosmetics market by 2019.
Indonesia, Vietnam & China have seen the most signi cant growth in recent years at 8-9% CAGR. At the other end of the spectrum growth has remained relatively at in markets like the Philippines and Japan, with 0-1% CAGR.
Growth in Asia has been driven by a number of key factors. One of the most often cited success stories has been the e orts made by major beauty players to cater to the unique needs of the Asian consumer, notably Procter & Gamble’s hugely successful SK-II brand. Brands have also become far more savvy in the use of local celebrities to promote their products, as opposed to generic Western stars.
Another success story, both in the beauty and in the broader wellness space, have been the e orts to make consumers aware of the importance of using branded products from reliable sources. This was essential after many scandals with cosmetics containing toxic ingredients, and has also had the additional bene t of driving up revenues.
More broadly we have seen a general shift amongst Asian populations towards healthy living. This has been triggered by a range of factors, from rising incomes and increased nutritional choice through to government initiatives. Retailers in the health & beauty space have been able to jump onto this trend, increasing sales in healthy-living focused product categories. Indeed, this has been so successful that APAC is now the largest global market in the dietary supplements category. Health & Beauty Shortlist
Organisation Outlet Headquarters Locations Parent Company Name Type Worldwide
Alliance Boots Health & Switzerland 4,600 Walgreens/KKR & Co. Beauty L.P.
China Health & China 2,300 China Nepstar Chain Nepstar Beauty Drugstore Ltd.
GNC Health & USA 8,000 GNC Corp. Beauty
Guardian Health & Singapore 200 Guardian Health & Beauty Beauty
Kimia Farma Health & Indonesia 1,000 PT. Kimia Farma Tbk Beauty
Lush Health & UK 940 Lush Ltd. Beauty
Medplus Health & India 1,400 MedPlus Health Beauty Services Private Limited
Mercury Drug Health & Philippines 1,000 Mercury Group of Beauty Companies, Inc.
SaSa Health & Hong Kong 280 Sa Sa International Beauty Holdings
Sephora Health & France 1,900 LVMH Beauty Super-Pharm Health & Israel 300 Super-Pharm (Israel) Ltd Beauty
The Body Health & UK 3,000 L'Oréal/Natura (Brasil) Shop Beauty International B.V.
Unity Health & Singapore 30 NTUC Healthcare Beauty
Watsons Health & Hong 700 A.S. Watson Group Beauty Kong Hypermarkets & Supermarkets Hypermarkets & Supermarkets Summary
We have seen a remarkable slowdown in the rate of growth for hypermarkets & supermarkets worldwide in the last couple of years. Whilst convenience formats and online retail have blossomed, hypermarket growth in 2016 was just 0.7%. Furthermore, overall market share for hypermarkets & supermarkets together fell from 53.2% to 52%, with e-commerce jumping from 3.8% to 4.6%.
Clearly this market share is still utterly dominant, and it has been interesting to see that whilst saturated, mature markets in Asia have stalled in-line with the global trend, emerging markets like Vietnam, Bangladesh and Myanmar continue to grow apace. As urban areas continue to grow in these economies so too can we expect to see hypermarkets grow to meet the need.
Despite the brighter outlook for Asian hypermarkets & supermarkets, there is little doubt that businesses in this market will start to adopt some of the strategies currently being trialed in other global markets, in order to try to guarantee their long term survival.
These include further localisation of product assortments, emphasis on health & wellness products, personalised o ers and shopping experiences for customers, in-store digitisation, e-commerce ful lment provision and small format stores to meet the needs of customers looking for convenience retail.
These strategies are likely to be seen rst in more established markets, where the motivation to innovate will be driven by market competition. Emerging markets should watch closely, and integrate the strategies that have proven successful. Hypermarkets Shortlist
Organisation Outlet Type Headquarters Locations Parent Company Name Worldwide
Auchan Hypermarket France 640 Groupe Auchan SA
Big Bazaar Hypermarket India 250 The Future Group
Big C Hypermarket Thailand 700 Central Group
Carrefour Hypermarket France 1,400 Carrefour S.A.
Central Hypermarket India 36 The Future Group
Costco Hypermarket USA 730 Costco Wholesale Corporation
E-Mart Hypermarket South Korea 160 Shinsegae
Homeplus Hypermarket South Korea 113 Tesco PLC
HyperCITY Hypermarket India 20 Shoppers Shop
Lulu Hypermarket UAE 134 LuLu Group Hypermarket International
Metro Cash & Hypermarket Germany 747 METRO Carry AG/Ceconomy
More Hypermarket India 14 Aditya Birla Group Hypermarket
Mydin Hypermarket Malaysia 18 Mydin Mohamed Hypermarket Holdings Berhad Paci c Hypermarket Malaysia 7 Paci c Hypermarket & Departmental Store Sdn. Bhd
RT-Mart Hypermarket Taiwan 300 RT-MART International Ltd.
Servay Hypermarket Malaysia 17 Servay Hypermarket Sdn. Bhd.
Tesco Hypermarket UK 6,780 Tesco PLC
TF Value Hypermarket Malaysia 18 TF Value Mart Mart
Walmart Hypermarket USA 11,690 Wal-Mart Stores, Inc Supermarkets Shortlist
Organisation Outlet Type Headquarters Locations Parent Company Name Worldwide
Agora Supermarket Bangladesh 20 Rahimafrooz Supermarkets Superstores Ltd
All Day Supermarket Philippines 100 All Value Holdings Inc
Citimart Supermarket Vietnam 27 ÆON Group
City Mart Supermarket Myanmar 26 City Mart Holdings
Citysuper Supermarket Hong Kong 28 City Super Group
Co.opmart Supermarket Vietnam 82 Saigon Co.op
Cold Storage Supermarket Singapore 48 Dairy Farm International Holdings
CR Vanguard Supermarket China 4,860 China Resources Enterprise
Daiei Supermarket Japan 3,000 The Daiei, Inc
FairPrice Supermarket Singapore 100 NTUC
Fivimart Supermarket Vietnam 20 FIVIMART
Giant Supermarket Malaysia 126 Dairy Farm International Holdings
Heiwado Supermarket Japan 150 Heiwado co., ltd Hero Supermarket Indonesia 700 PT Hero Supermarket
Jingkelong Supermarket China 280 Jingkelong
Lianhua Supermarket China 3,180 Bailian Group
Puregold Supermarket Philippines 266 Puregold Price Club, Inc
PX Mart Supermarket Taiwan 850 PX Mart Co., Ltd
Ranch Supermarket Indonesia 14 PT Supra Boga Lestari Tbk Market
Reliance Supermarket India 700 Reliance Retail Fresh
Ren Ren Le Supermarket China 100 Ren Ren Le
Segifresh Supermarket Malaysia 38 Segi Cash and Carry Sdn Bhd
Seiyu Supermarket Japan 340 Seiyu GK
The Store Supermarket Malaysia 49 The Store Corporation Bhd
Wellcome Supermarket Hong 257 Dairy Farm International Kong Holdings
Wumart Supermarket China 430 Wumart Stores, Inc Mall Operators Mall Operators Summary
Malls across Asia have really become the cornerstones of communities in urban environments. In Jakarta there are over 100 malls serving a population of 9 million people. In Hong Kong, over 120 malls serve 7 million people.
Especially in increasingly dense and overpopulated cities, malls are morphing from shopping destinations to entertainment, dining and leisure destinations. Backed by research demonstrating that shoppers spend 20% longer at malls with a good food court, and spend up to 45% more at malls with movie theatres, malls are transforming into locations where consumers can spend their entire day, rather than just a couple of frantic hours of shopping.
In many ways, this focus on experience, on providing a meeting and eating place for friends and family, safeguards at least some malls from the ravages of e-commerce. Indeed, malls can become important channels at both ends of the funnel, from discovery all the way down to acting as ful llment centres.
Nevertheless, this is not to say that malls can rest on their laurels. Singapore is a great example of how malls without the right tenant mix, the right additional features, can rapidly lose tra c. The success of newer malls like ION has undoubtedly been at the expense of older malls that are in the process of falling by the wayside.
Securing anchor tenants will become ever more important, as will working with them to ensure they are doing the most with the space. The rise of concept & agship stores, for example the exciting stores created by brands like Razer, are a huge opportunity to kill two birds with one stone, combining retail with entertainment to attract consumers and keep them in the mall.
Mall Operators Shortlist
Organisation Outlet Headquarters Locations Parent Company Name Type Worldwide
AEON Mall Co Mall Japan 21 ÆON Group Operator
CapitaLand Malls Mall Singapore 19 CapitaLand Operator Limited
Central Pattana Mall Thailand 30 Central Pattana Operator Public Company Limited
DLF Group Mall India 9 DLF Limited Operator
Founder Group Mall China 10 Peking University Operator
Henderson Land Mall Hong Kong 10 Henderson Development Operator Development Ltd.
Keppel Land Mall Singapore 11 Keppel Land Operator Limited
Lendlease Mall Australia 20 Lendlease Group Operator
Lippo Malls Mall Indonesia 27 Lippo Malls Operator Indonesia Retail Trust
Mitsui Fudosan Mall Japan 23 Mitsui Group Operator OUE Mall Operator Singapore 3 OUE Limited
Prestige Group Mall Operator India 6 Prestige Group
Robinsons Mall Mall Operator Philippines 37 Robinsons Land Corporation
SM Supermalls Mall Operator Philippines 63 SM Prime Holdings
Sunway Group Mall Operator Malaysia 5 Sunway Berhad
Variety Stores Variety Stores Summary
Variety stores, and especially the ubiquitous Daiso brand, are achieving a great deal of success across Asia. With almost all of the market leaders hailing from Japan, variety stores o er small box retail in urban areas.
Whilst many comparisons have been drawn with US dollar stores and British pound shops, both of which target medium-to-low income households, variety stores are nding success across socio-economic groups by focusing less on groceries and more on cleaning products and other household goods.
The growth of the variety store market seems to be in direct reaction to the struggling hypermarket sector. Whereas hypermarkets force consumers to travel signi cant distances to buy branded goods, variety stores are able to take advantage of Asia's vast number of malls to bring low-price general products to the masses.
Organisation Outlet Headquarters Locations Parent Company Name Type Worldwide
Daiso Variety Japan 6,800 Daiso Industries Store Co., Ltd.
Don Quijote Variety Japan 163 Don Quijote Co., Ltd Store
Miniso Variety Japan 1,800 Aiyaya Store
Muji Variety Japan 656 Ryohin Keikaku Co., Store Ltd
Tokutokuya Variety Japan 20 TOKUTOKUYA / ECI Store Co., Ltd This is just the beginning...
From 3rd-4th May 2018 over 6,000 retailers, e-commerce merchants, payments and logistics experts will join us in Singapore at Seamless Asia to discuss the future of commerce across the region.
If you have enjoyed this eBook, click the link below and nd out how you can deepen your knowledge and expand your network by attending Seamless Asia 2018.
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