Shin Kong Mitsukoshi Department Store Co (新光三越百貨) yesterday said that sales at its four stores in Taipei’s Xinyi District (信義) would reach NT$1 billion (US$32.59 million) on the first day of its month-long anniversary event, thanks to robust sales of home appliances and cosmetics products.
The sales event began yesterday and is to end on Nov. 11.
The Xinyi stores — A4, A8, A9 and A11 — are forecast to generate combined anniversary sales of NT$5.6 billion this year, up 1 percent from last year’s event, the company said.
Photo: CNA
The four stores saw a 5 percent sales growth in the first half of this year, the company said, without giving exact figures.
Overall anniversary sales from its 15 stores nationwide are expected to reach NT$20.4 billion this year, it added.
“Average consumption per customer is expected to remain steady, but the customer flow today seems lower than a year ago,” Shin Kong Mitsukoshi executive vice president Richard Wu (吳昕陽) said.
An unstable global political and economic environment has negatively affected Taiwan’s economy and therefore the department store’s customer flow, Wu said.
The Xinyi stores saw strong first-day sales of Estee Lauder, SK-II and Lancome cosmetics and skincare products, while sales of vacuum cleaners, air purifiers, large-screen TVs and air fryers showed the greatest growth among home appliances this year, Shin Kong Mitsukoshi said.
As temperatures drop, sales of major apparel brands are likely to grow, it said.
The company said that it plans to raise average sales per customer by offering discounts and gifts, as well as special offers through its mobile app.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
New vehicle sales in Taiwan plunged about 37 percent sequentially last month as the long Lunar New Year holiday and 228 Peace Memorial Day holiday cut short the number of working days, along with the lingering uncertainty over import tax cuts on US vehicles, market researcher U-Car said in a report yesterday. New car sales last month totaled 22,043, slumping from 35,073 units in January and down 19.89 percent from 37,515 in February last year, U-Car data showed. Sales of imported luxury cars, led by Mercedes-Benz, plummeted about 45 percent to 3,109 units last month from 5,663 units in the previous month,
RSS