The Gloria Hotel Group (華泰大飯店集團) yesterday said that a new wing of its Gloria Outlets (華泰名品城) shopping mall is to start operations next month, which should help the company achieve its target of attracting about 8 million visitors per year.
Gloria began building the extension after the outlet in Taoyuan opened in December last year.
This allowed the firm to expand the size of the outlet from 50 hectares to 93 hectares.
“We plan to attract more customers by adding 65 tenants,” Gloria president Sophia Liang (梁曙凡) told a news conference in Taipei.
In addition to international luxury brands, the mall is to introduce home appliance and kitchenware brands by the end of this year in a bid to broaden its customer base.
New brand-name tenants range from fashion retailers Paul Smith and Moschino to appliance labels such as LG and Tefal, information provided by the company showed.
The firm has set a sales target of nearly NT$7 billion (US$221.77 million) for the outlet next year.
It said the outlet — which is near the Taoyuan high-speed railway station — has reached more than 90 percent of its sales goal of NT$4 billion for this year.
The firm is working on a further expansion of the outlet, which it expects to begin operations in 2019.
Taichung-based Lihpao Land (麗寶樂園) last week also announced that its mall is to begin operations on Dec. 24.
Lihpao said it has invested NT$2 billion in the center, which covers an area of nearly 200 hectares and has more than 120 tenants.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RECORD LOW: Global firms’ increased inventories, tariff disputes not yet impacting Taiwan and new graduates not yet entering the market contributed to the decrease Taiwan’s unemployment rate last month dropped to 3.3 percent, the lowest for the month in 25 years, as strong exports and resilient domestic demand boosted hiring across various sectors, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. After seasonal adjustments, the jobless rate eased to 3.34 percent, the best performance in 24 years, suggesting a stable labor market, although a mild increase is expected with the graduation season from this month through August, the statistics agency said. “Potential shocks from tariff disputes between the US and China have yet to affect Taiwan’s job market,” Census Department Deputy Director Tan Wen-ling
RSS