Following its acquisition by the Far Eastern Group (遠東集團) early last year, Far Eastern Geant (愛買吉安) is aggressively expanding to demonstrate its commitment to the domestic market.
The nation's third-largest hypermarket chain expects to add at least one new store per year to its existing 14 outlets nationwide to strengthen its economies of scale, company president Pascal Billaud told reporters yesterday.
It also plans to remodel some of the stores to boost its image and provide a pleasant shopping environment, he added.
These new projects are being backed by its parent company, Far Eastern Department Stores Ltd (
Last September, French retailer Casino Guichard-Perrachon SA sold its 50 percent holding -- worth NT$738 million -- in Far Eastern Geant to Far Eastern Department Stores following its decision to exit the local market and focus on emerging markets such as Brazil and Thailand in search of faster sales growth.
Far Eastern Geant posted sales of more than NT$13 billion last year, up 11 percent from 2005, Billaud said. The company remained in the red, however.
He made the remarks during a press briefing in Taichung after the reopening ceremony for the company's Chungkang (中港) store, whose one-year refurbishment project cost millions of NT dollars.
Customer response to the remodeling of the Taichung store has been positive, the firm said, with sales last month jumping 50 percent from the same period last year.
The company this year plans to strengthen its private label product mix and offer a better range of household appliances, marketing director Fiona Wang (
By integrating the group's resources, the Far Eastern Group is also building an online store to lure Internet-savvy consumers, who can order products from the hypermarket. The electronic platform will be formally launched in a few months, Billaud said.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS