THAI PROMOTION AT ISETAN DEPARTMENT STORE (Sawasdee @ Isetan 3-16 June 2011) Isetan is one of the high end Japanese department stores in Singapore that carries quality products and also sells great variety of products, viz., household items, fashion section, children's section, toys, stationery, restaurants, luggage, sports goods & wears. It has wide Japanese customers as well as local middle and upper income customers. Thailand Trade Office (TTO), the Representative of Department of Export Promotion, Ministry of Commerce (Thailand), has been working with this Japanese Department Store since 2010 to introduce quality products with good design from Thailand to target the Japanese and the local shoppers here. Below are some photo-taking selections of the Opening Day event at all 5 Levels. Opening and Ribbon cutting at Supermarket (Basement area) Opening and Ribbon cutting at Supermarket (Basement area) Opening Thai Dancing by Children Professional Dance Group Photo of Thailand Trade Office together with Isetan management Opening Thai Dancing by Children Professional Dance THAI PROMOTION AT ISETAN DEPARTMENT STORE (Sawasdee @ Isetan 3-16 June 2011) Site tour of Guest of Honour (GOH) Food tasting by GOH – Deputy DG of DEP and accompanied by Director of TTO and Manager of Isetan Supermarket Jim Thompson restaurant participate at Isetan Thai Promotion Thai company - RAYA presents her collection of costume jewellery at Level 1 THAI PROMOTION AT ISETAN DEPARTMENT STORE (Sawasdee @ Isetan 3-16 June 2011) Site tour of Guest of Honour (GOH) Thai company - ANUROJI lady collection present to GOH at Level 2 Thai company - COOL presents man T-shirt collection to GOH at Level 3 Vice-President of NOHMEX from Chiangmai greeting to GOH on their Participation at Level 4 At the Event Hall at Level 4, GOH is pleased to have skin re-newel. THAI PROMOTION AT ISETAN DEPARTMENT STORE (Sawasdee @ Isetan 3-16 June 2011) Executive Summary The Thai promotion at Isetan for the Supermarket lasted from 3-16 June 2011. A total of 14 days of continuous pushing Thai cooked food and grocery to Japanese and local consumers. Isetan has indicated the target to be S$ 270,000 and total sales achieved are estimated S$245,000. Five Thai restaurants that join us in this promotion are Jim Thomson, Thanying, Tawadang, Lerk Thai and LeWu enjoyed good sales with combined sales of S$88,000. This is more than 35% of the total sales achieved. Apart from the cooking of the Thai restaurants, fresh fruits and vegetables have proven to be popular and recorded sales of over S$50,000 which is about 20% of total sales. The remaining sales account for groceries and dessert. The Supermarket Division in Isetan is glad to see Thai food is still a popular food among local Singaporeans as well as the Japanese clients based in Singapore. Thai fashion wear, household and accessories are categorized under Non-food area that starts on 3 -12 June 2011 from Level 1 to 4. This promotion last for 10 days and Isetan expect sales targets to be $165,000, however, all the Thai vendors manage an estimate of S$100,000 sales. At Level 1 – a total of 12 Thai vendors selling fashion accessories and related items. Majority of the Thai companies achieve good sales result especially May Bead Co Ltd, De Bois International and Sawasdee Creation. During the promotion of 10 days, retail business has achieved good results and for export business, Ma Bead Co Ltd is currently talking to a Vietnamese Company based in Singapore in exporting the products to Vietnam. Isetan set the expected sale target for this area to S$50,000 and all Thai vendors achieved a combine sale of S$51,000. At Level 2 – a total of 5 Thai vendors selling ladies fashion wear. All the fashion wears contain quality materials and designs that are suitable for boutique type of business. Isetan Department requires a mass market products and competitive pricing that still come with quality. Survey done by TTO among local consumers found that the fashion wear are a bit expensive. As a result, the 5 Thai vendors feel that they may have over price their fashion wears. The overall fashion wear sales figures are consider satisfactory. At Level 3 – a total of 4 Thai vendors selling men fashion wear. The men’s fashion also comes with quality materials and designs. Although the design and cut are attractive, the pricing of these wear are also on the high side. The overall fashion wear sales figures are consider satisfactory. At Level 4 – the Thai vendors are divided into 3 sections - children, handicraft and household. Isetan set the expected sale target for 3 sections to S$85,000 and all Thai vendors achieved a combine sale of S$37,000. Good performance Thai companies such as Digitup Co Ltd, Dokkhem (Chiangmai), Better Art Group and Chasisikarin Garden Home have strong sales figures. More importantly, they have export business and learnt valuable experience from the promotion at Isetan. THAI PROMOTION AT ISETAN DEPARTMENT STORE (Sawasdee @ Isetan 3-16 June 2011) For example, Dokkhem (Chiangmai) received export order for the wooden photo frames from a Singapore company during the invitation to Isetan. Better Art Group received indication from Isetan purchasing department that Isetan is keen to have the products selling in Isetan. This is considering an export order however; the order will be subjected to the business and trade agreement laid down by Isetan. Digitup Co Ltd, another Thai vendor, selling children toys mentioned that he now knows and understand what is meant by doing business overseas e.g. In Singapore. He learnt a lot in managing business with overseas clients. Lastly, Chasisikarin Garden Home selling spa and herbal products may be doing a new brand of products for a local consumer in Singapore. In conclusion, all Thai vendors express their happiness and willingness to come back to Isetan Fair for 2012. Many Thai vendors commented that it’s a new and important learning experience outside Thailand. It’s also important to learn that these Thai vendors experience for themselves that the Japanese and local consumer have different mind-set, expectation and purchasing preference. At the end of this promotion, all Thai vendors gather together to discuss and share experience. A common comment from Thai vendors is that the products need to be improved in quality and design as well as the packaging plays an important role in calling for attention to local selling.