Pacific Sogo Department Store (
The Fuxing store which is connected to the Zhongxiao-Fuxing MRT Station, will have three entrances, to be opened by early February, with the mass transportation system.
The retailer is confident that the huge passenger flow will bring in crowds and spur consumption.
But just as shoppers were swarming in to check out the latest display, the new location unexpectedly experienced a 15-minute blackout at 4:30pm yesterday.
No one was hurt or trapped in the elevators, which are supported by uninterruptible power systems, the firm said.
During the ribbon-cutting ceremony held earlier yesterday, chairwoman Chung Chin (
"The Fuxing branch has 342 brands and stores, and has an 81 percent difference compared with the product mix in the Zhongxiao outlet," she said.
The 11-story branch occupies 8,700m2, including parking lots on three basement levels. Its business space of 4,400m2 is more than 140 percent larger than the Zhongxiao outlet, spokesman James Wang Kuo (
Aiming to create a high-end and fashion-oriented shopping environment, the retailer is including an array of prestigious boutiques at the new location, including Versace, Burberry, Hogan, Hermes, Dior and Chanel.
Singapore-based international bookstore Page One has also opened its second store here, in addition to its store in Taipei 101 Mall.
As part of the firm's plan to attract affluent customers, an exclusive VIP lounge has been set up on the 9th floor, only accessible to the company's 1,000 most loyal consumers.
The Fuxing branch is expected to bring in sales of NT$6 billion (US$184 million) per annum.
This would help Pacific Sogo's three locations in the Zhongxiao commercial area, including its super-premium Dunhua store, to achieve book sales of NT$22 billion next year.
That would mean outpacing the Xinyi District's retail total of around NT$20 billion, Wang Kuo said.
The bustling Xinyi District has a high concentration of department stores and shopping malls, including four Shin Kong Mitsukoshi Department Store (新光三越) outlets, the Taipei 101 Mall, the New York New York shopping mall and Eslite Corp's (誠品) flagship store.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and