Sands China Archives - Inside Retail Asia
Sands China is to launch the Sands Shopping Carnival at the Venetian Macau next month to boost the local retail market.
Sands Shoppes Macao held its fifth Sands Retail Awards this week, at the Four Seasons Hotel.
Sands Resorts Macao has concluded the third Sands Macau Fashion Week (SMFW19).
Sands China mall revenue rose 5.8 per cent last year as Mainland China visitor numbers rebounded.
The program for the second Sands Macao Fashion Week, which runs from October 18 to 24, has been released.
Sands Cotai Central has opened phase four of its retail offer, adding almost 100,000sqft of retail space and 25 retailers.
Sands China, ICBC and Mastercard have launched a credit card allowing holders to collect points for redemption at Sands Macao’s resorts.
Macau Shopping Festival is being broadened this year to include smaller local retailers.
Some 170 shops will be housed in the Parisian Macao retail mall, due to open on September 13.
Sands China says it will open its French-themed integrated resort, The Parisian Macao, on September 13.
High end malls and new dining options are set to boost Macau luxury shopping this year.
Sales may be down at Sands China’s shopping malls, but by nowhere near the decline in Macau’s gambling revenues. Sands China has revealed that gross revenue from tenants in the company’s retail malls on Cotai (The Venetian Macao, Four Seasons Macao and Sands Cotai Central) and Marina Bay Sands in Singapore was US$139.3 million for the third quarter of 2015, a decrease of 6.8 per cent compared to the third quarter of 2014. Operating profit derived from these retail mall assets decreas…