Gloria Hotel Group (華泰大飯店集團) is scheduled to formally launch its new shopping mall, Gloria Outlets (華泰名品城), on Dec. 18, hoping to attract up to 8 million visitors in the first year.
“In the first year, we expect 7 to 8 million visitors to bring NT$5 billion [US$153.6 million] in sales,” Gloria Hotel vice chairman and chief executive officer John Chen (陳炯福) said at a press briefing. “We should be able to recover the NT$1 billion in investment and building costs in the next five to six years.”
Situated next to the high-speed railway station in Taoyuan’s Qingpu District (青埔), the shopping center is a 19-minute train ride from Taipei. The company claims it is the nation’s first authentic US-style outlet mall, with a spacious village-like design dotted with courtyards and individual storefronts for each brand.
“Despite the current economic downturn, we hope to shake up the highly saturated local retail sector by offering a brand new experience for shoppers,” Gloria Outlets executive Jenny Chen (陳貞穎) said. “Unlike department stores, we do not impose guidelines on decor or demand participation in annual and seasonal promotional campaigns, our brands have total control over how their products are presented to consumers.”
Major brand-name tenants range from Armani and Hugo Boss to sportswear labels such as Under Armour and Superdry, the company said.
A result of a partnership with US-based developer and outlet center operator The Outlet! Co, Gloria Outlets is to feature 260 stores, restaurants and cafes when its fourth and final development phase is completed in 2019.
A new commercial complex built by Cathay Life Insurance Co (國泰人壽), which includes a luxury hotel, office complex and cinemas, will also be completed in 2019, Gloria Hotel Group said.
The company said that the project has created 2,000 jobs, with the figure expected to rise.
Currently, E-DA Outlet Mall (義大世界購物廣場) in Kaohsiung is the most widely known outlet center in Taiwan.
Mitsui Fudosan Retail Management Co is also scheduled to launch a mall in New Taipei City’s Linkou District (林口) next year.
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