The Children’s Place to open retail stores in Indonesia, Singapore, Thailand and The Philippines

SECAUCUS, N.J., 2017-Jun-21 — /EPR Retail News/ — The Children’s Place, Inc.(Nasdaq:PLCE), the largest pure-play children’s specialty apparel retailer in North America, today (June 19, 2017) announced that it has entered into a development agreement with Gill Capital covering Indonesia, Singapore, Thailand and The Philippines.  The first retail stores are to open in Indonesia, with the plan to open 25 locations in Indonesia, followed by openings in the other countries in the development area.

Jane Elfers, President and Chief Executive Officer of The Children’s Place, stated, “We are excited to be partnering with Gill Capital.  They have a proven track record of operating successful brands in South East Asia.  We are making significant strides in our International franchise business, and we remain focused on providing great fashion and value for children around the world.”

Commenting on the partnership with The Children’s Place, Mr. J.S. Gill, Chairman of Gill Capital, stated, “We are excited to launch our partnership with The Children’s Place.  We believe in the unique quality, fashion and value of the Brand, and we are confident that it will be a tremendous success with our customers.”

About The Children’s Place, Inc.

The Children’s Place is the largest pure-play children’s specialty apparel retailer in North America.  The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place,” “Place” and “Baby Place”  brand names.  As of April 29, 2017, the Company operated 1,033 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 156 international points of distribution open and operated by its 6 franchise partners in 18 countries.

About Gill Capital

Gill Capital is a Singapore-based company with operations in Singapore, Thailand and Indonesia under various concepts in fashion, children’s specialty, confectionary, and food & beverage.

Forward Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s positioning, and forecasts regarding store openings and earnings per diluted share from continuing operations.  Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently.  These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended January 28, 2017. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by the weakness in the economy which continue to affect the Company’s target customer, the risk that the Company’s strategic initiatives to increase sales and margin are delayed or do not result in anticipated improvements, the risk of delays, interruptions and disruptions in the Company’s global supply chain, including resulting from foreign sources of supply in less developed countries or politically unstable countries, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: 

Robert Vill
Group Vice President
Finance
(201) 453-6693

Source: Children’s Place, Inc./globenewswire

APTRA Airports Forum in Singapore attended by 15 commercial and retail executives from 10 airports

Singapore, 2017-May-22 — /EPR Retail News/ — The inaugural APTRA Airports Forum on 7th May at Singapore Changi Airport produced fascinating data for delegates and established a benchmark for future meetings.

APTRA board member Andrew Gardiner from Melbourne Airport chaired the meeting, which was attended by 15 commercial and retail executives from 10 airports. He explained that APTRA is investing in a series of initiatives to assist airports, including airport specific research that they will be able to access via the online APTRA Airport Resource Centre.

APTRA’s research partner m1nd-set and its partner IATA presented detailed airport shopper insights, traffic and forecasting reports while Changi Airport lifted the curtain on the new Terminal 4 with a preview of some of the innovative commercial executions.

Gardiner underlined that other airports will be encouraged to share similar data on retail innovation, sales performance and other information at future forums.

The 2017 APTRA KPMG Insights Seminar series kicked off in Singapore on 10th May with a breakfast workshop attended by over 60 delegates.

Clara Perez, Travel Retail Research Director at m1nd-set presented the results of the latest research conducted for APTRA into the consumer behaviour of South East Asia travellers while m1nd-set CEO Peter Mohn switched the focus to Tiers 1, 2 and 3 cities in China.

Anson Bailey, Head of Asia Pacific Consumer Markets at KPMG gave a presentation on the latest trends in artificial intelligence, cognitive computing, the so called “internet of things” and other aspects of a world which today revolves around, and is driven by, mobile technology.

Andrew Ford, new President of APTRA, commented: “The APTRA Airports Forum and the Insights Seminar during TFWA Asia Pacific were excellent examples of how APTRA delivers actionable data to its members which will assist them to develop their travel retail business in the Asia Pacific region. We will build on what we have learned during these meetings and continue to expand our service to members.

“May I take this opportunity to thank the members of the Board who will make a major contribution to our work over the coming years and welcome Grant Fleming of Lagardère Travel Retail who has just joined our team.”

The research that forms the core of these meetings is sponsored by Rémy Cointreau GTR and, henceforth, also by Interparfums.

The Insights Seminars are sponsored by Bommidala Group, Brown Forman, Changi Airport Group, DFS, Distell, Eastern Duty Free, The Edrington Group, Jonathan Holland & Associates, Moet Hennessy, Regent Asia Group and Treasury Wine Estates.

For further information about the work of APTRA please consult www.aptra.asia or contact info@aptra.asia

About APTRA

APTRA is the trade association for the duty free and travel retail industry in the Asia Pacific region, serving all members and the industry to help grow the business and protect it when challenges arise.

 Through technology-led initiatives, seminars and conferences, APTRA serves to facilitate contact between members;
 Through bespoke training initiatives, APTRA is building the industry’s brand as a highly professional, caring and responsible retail channel;
 Through intensive consumer and market research, APTRA provides a solid knowledge bank, bringing valuable, actionable data relevant to all sectors;
 Through regular communication, APTRA seeks to spread awareness and knowledge about the industry and the importance of travel retail for governments, airports, airlines and related businesses;
 Through regional monitoring, and in collaboration with member companies and trade associations in other parts of the world, APTRA is constantly on the alert for new challenges where its advocacy on behalf of the industry is needed with national governments and policy-makers in order to safeguard and grow the business of all concerned.

The geographical area covered by APTRA includes countries in Eastern Asia, South Eastern Asia, South Central Asia and Oceania.

www.aptra.asia

For trade information please contact:
APTRA
Michael Barrett, Executive Officer
Tel: Tel: +855 89 772 600
Email: michael@aptra.asia
www.aptra.asia

For press information please contact::
Appleton Communications
Kate Teagle
Tel: +44 1784 434 666
Email: kate.teagle@btinternet.com
www.appletoncomms.com

Source: APTRA

t0’s blockchain-based asset trading platform to be presented at Global FinTech Hackcelerator in Singapore

  • t0 will demonstrate blockchain-based securities trading platform at Singapore’s Global FinTech Hackcelerator
  • Overstock.com CEO Patrick M. Byrne to present the t0 software

SINGAPORE, 2016-Nov-14 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) CEO Patrick M. Byrne will present the blockchain-based asset trading platform developed by the company’s financial technology subsidiary, t0.com, Inc. The software demo will take place at the prestigious Global FinTech Hackcelerator, organized by the Monetary Authority of Singapore. t0 is one of just 19 firms, selected from a competitive pool of 655 applicants worldwide, to participate in the competition.

“Singapore has demonstrated, over and over, that it wants to be at the epicenter of the unfolding blockchain revolution, and the active support offered by the Monetary Authority of Singapore makes me think it’s likely to succeed,” said Byrne. “The opportunity to demonstrate the power and efficiency of the t0 platform before such an impressive body is a privilege.”The presentation will take place at the Red Dot Design Museum on Nov. 15 between 9:30 a.m. and 10:00 a.m. Singapore time (UTC +8).

As a presenting company, t0 receives a stipend of S$20,000, the guidance of an industry veteran and the opportunity to demonstrate the company’s trading platform before an audience of potential customers and investors.

Byrne will be available to media immediately after his demonstration of the t0 platform on Nov. 15 through Nov. 18.

Distributed ledger technology expert Raj Karkara, COO of t0, will also be present at the event and able to answer any questions about t0’s range of solutions servicing all asset classes at all stages of the trade lifecycle. Karkara will be on hand at the t0 exhibit booth, #309, for the duration of the event, and can be reached at raj.karkara@t0.com.

About Medici Ventures
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici project investments include: t0, PeerNova, Bitt.com and Identity Mind.

About t0
t0 (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception in October of 2014, t0 has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2016, which was filed with the SEC on November 3, 2016, and any subsequent filings with the SEC.

Media Contact:

Judd Bagley
Medici Ventures, Inc.
+1 (801) 947-5352
jbagley@t0.com

Source: Overstock.com, Inc./globenewswire

DFS Group unveiled its second Wines and Spirits Duplex store at Changi Airport, Singapore

SINGAPORE, 2016-Aug-02 — /EPR Retail News/ — DFS Group, the world’s leading luxury travel retailer, unveiled today its second Wines and Spirits Duplex store at Changi Airport, Singapore. Located in Terminal 2, this Wines and Spirits Duplex is inspired by the heritage of craftsmanship in the wine, spirits and tobacco worlds and boasts three unique DFS in-store concepts – the Wine Reserve, the Cigar Room and The Whiskey House.

Designed by award-winning interior designer, Masamichi Katayama and spanning two floors at 15,520 square feet, the Terminal 2 Wines and Spirits Duplex by DFS brings customers an interactive and engaging shopping experience, allowing them to sample from and explore DFS’ broad assortment of over 900 products from over 240 wines, spirits and tobacco brands.

Philippe Schaus, CEO and Chairman, DFS Group, said, “We are thrilled to unveil our latest Wines and Spirits Duplex in Singapore with our partner Changi Airport. Here at DFS, we continually aspire to deliver the most engaging and exciting experiences for travelers, whether they are at the airport or downtown. We’re confident that through this unique blend of high-end design, carefully curated assortment, exceptional service and interactive experiences we have created another wines and spirits store of a quality and richness that can only be found at DFS.”

As guests enter the first floor of the Terminal 2 Wines and Spirits Duplex, they will encounter the Wine Reserve, featuring over 350 products from the world’s top wineries from Bordeaux, Burgundy, Champagne, Australia, USA, Italy, New Zealand and Portugal. For the curious and connoisseurs alike, the Wine Reserve is the perfect place for discovery with tastings from the enomatic machine featuring 12 different wines.

The Cigar Room greets customers with a wide assortment of the world’s finest cigars from Cuba, Dominican Republic, Nicaragua and Honduras. A range of limited-edition accessories make perfect gifts for cigar-lovers, including a collection in special travel sizes catering to travelers as well as cigar humidors and cigar cases.

For the whiskey lover, DFS’ Wines and Spirits Duplex offers a world of choices with 179 single malts, 68 blended Scotch whiskies, 30 American whiskies as well as leading Japanese whiskies Yamazaki, Hibiki and Suntory Chita and Kavalan from Taiwan. And, with the largest assortment of single malt whiskies offered by any travel retailer in the region, the Terminal 2 Wines and Spirits Duplex builds on DFS, Singapore Changi Airport’s reputation as the travel retailer of the year, as awarded by Whisky Magazine in 2015.

The upper level of the duplex introduces the all new Whiskey House concept, an intuitive and experiential whiskey shopping experience where guests can enjoy complimentary tastings of over 100 different whiskies from across the globe. Based on flavor profiles, the Whiskey House’s staff will design individual sampling experiences for guests to demystify the selection process and make choosing your favorite whiskey a simpler, more engaging and refreshing experience.

In addition to the Whiskey House, the upper level hosts seven individually branded boutiques from Glenfiddich, Glenlivet, Hennessy, Johnnie Walker, Remy Martin, The Dalmore and The Macallan, all tailored to reflect the unique essence, culture and character of each brand. Throughout the year, guests can enjoy visits from master distillers, blenders and brand ambassadors as well as tailored tastings from the brands inside the boutiques.

To celebrate the launch of the Terminal 2 Wines and Spirits Duplex, DFS will be hosting a first-of-its-kind Whiskey Festival. From July 27 to September 10. The Whiskey Festival will showcase a series of events on Friday and Saturday evenings. Each weekend, a different whiskey brand will bring the festival to life with guest appearances from their brand ambassadors, special master classes and food pairing sessions. At the same time, three complimentary whiskey cocktails representing Scotland, U.S. and Japan will be available for sampling throughout the festival at the Whiskey House at DFS’ Terminal 2 duplex and The Long Bar by Raffles at DFS’ Terminal 3 duplex.

“As Asia Pacific’s largest assortment of single malt whiskies in travel retail, we wanted to bring an interactive experience that reflects our customers’ passion and fascination with whiskey to the Terminal 2 Wines and Spirits Duplex. From the Whiskey House to the Whiskey Festival, we’re excited to unveil for our customers a space where they can build their knowledge, expand their palette, discover new brands and fall in love again with the classics,” said Brooke Supernaw DFS Group’s Senior Vice President Spirits, Wines and Tobacco.

Mr Lee Seow Hiang, CEO of Changi Airport Group, said “The opening of the second Wines and Spirits Duplex at Terminal 2 marks the fruition of an ambitious and game changing transformation that Changi Airport had set out to achieve together with DFS. The new duplex represents the positively surprising retail experience which we endeavor to deliver to our passengers, one that allows shoppers to discover, interact and enjoy. We hope it is something for them to look forward to every time they are at Changi Airport.”

THE WHISKEY FESTIVAL WEEKEND SCHEDULE OF BRAND APPEARANCES

July 29 & 30:             Craigellachie featuring Ziggy Campbell, Global Brand Ambassador

Aug 5 & 6:                 The Macallan featuring Randall Tan, Brand Advocate and Keith Nair, Brand Trainer

Aug 12 & 13:             Maker’s Mark featuring Gordon Dundas, Global Brand Ambassador

Aug 19 & 20:             House of Hazelwood featuring Jay Gray, Brand Ambassador for Southeast Asia

Aug 26:                       Beam Suntory Japanese whiskies featuring Mike Miyamoto,Global Brand Ambassador

Sep 2 & 3:                  Glenfiddich featuring Matthew Fergusson-Stewart, Brand Ambassador for Asia Pacific

Sep 9 & 10:                Bruichladdich featuring Richard Gillam, Brand Ambassador

Time and Venue:       (a)        3 – 5pm at The Whiskey House at Level 2, Terminal 2 Duplex

Media Contact:

press.enquiries@dfs.com

###

DFS Group unveiled its second Wines and Spirits Duplex store at Changi Airport, Singapore
DFS Group unveiled its second Wines and Spirits Duplex store at Changi Airport, Singapore

 

Source: DFS Group

Alibaba Cloud establishes second availability zone in Singapore

Singapore, 2016-Jun-22 — /EPR Retail News/ — Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE: BABA), announced today that it has expanded its data center operations in Singapore with the establishment of a second availability zone. Alibaba Cloud has also achieved two new certifications overseas — Singapore Multi-Tier Cloud Security (MTCS) standard Level 3 and the Payment Card Industry Data Security Standard (PCI-DSS).

In September 2015, Alibaba Cloud established a data center in Singapore to provide enhanced cloud and big data services across Southeast Asia. The establishment of a second availability zone provides higher capacity to meet enterprise users’ demands for high availability and disaster recovery.

“The expansion of our Singapore data center enables us to meet the rapidly growing demand for cloud computing resources in Southeast Asia. This expansion also demonstrates our ongoing commitment to providing one-stop global cloud and big data services to both Chinese and international enterprises. We will continue to grow our coverage worldwide,” said Mr. Sicheng YU, Vice President of Alibaba Group and General Manager of Alibaba Cloud International.

Alibaba Cloud has established overseas data centers in the United States, Hong Kong and Singapore, and plans to establish new data centers in other regions including Japan, Europe, the Middle East and Australia.

The Multi-Tier Cloud Security (MTCS) Singapore standard was developed under the direction of the Information Technology Standards Committee (ITSC) for cloud service providers in Singapore. The MTCS standard has three different levels of security standards, and Alibaba Cloud has achieved the highest security (Level 3) certification.

The achievement of MTCS Level 3 certification is on top of the Information Security Management System Certification ISO27001 and Cloud Security Alliance (CSA) Star certification which Alibaba Cloud received previously. It facilitates Alibaba Cloud’s international expansion amid enterprises’ demand for higher security services from cloud service providers as cloud adoption continues to grow.

In addition, Alibaba Cloud has also achieved the PCI-DSS compliance certification for its public cloud services in Singapore and the United States. PCI-DSS is a payment card security qualification, which is highly valued by payment card businesses and related companies. Compliance certification involves the evaluation of payment card data security in areas like credit card numbers, CVV2 numbers, as well as account / password transmission and storage security.

About Alibaba Cloud

Established in September 2009, Alibaba Cloud (intl.aliyun.com), Alibaba Group’s cloud computing arm, develops highly scalable platforms for cloud computing and data management. It provides a comprehensive suite of cloud computing services to support participants of Alibaba Group’s online and mobile commerce ecosystem, including sellers and other third-party customers and businesses. Alibaba Cloud is a business within Alibaba Group.

Media Contacts

Sindy Shi
Alibaba Group
+86 150 2192 5635
ruoyun.sry@alibaba-inc.com

Sovanna Fung
Alibaba Group
+852 9682 5581
sovannafung@alibaba-inc.com

Source: Alibaba