SINGAPORE: Some retail brands are seeing a slight jump in revenue, after expanding into food and beverage services within their premises. They told CNA that this has helped them to diversify revenue streams and even defray rising rental costs. The move comes as they face lower footfall amid competition with e-commerce, and with consumer behaviour shifting to focus more on immersive experiences.
ATTRACTING NEW CUSTOMERS Fashion brand Pazzion, for instance, expanded its shop in Takashimaya Shopping Centre to include a cafe two years ago with the hope of bringing in more footfall. “We are trying to offer more than just a one-dimensional shopping experience for our customers,” said its director Tom Ng. “We are able to engage our customers on a different level, offering a space for them to unwind, relax and indulge.
And we see that as a nice complement to the brand direction.” The chain, which sells women’s bags, shoes and accessories, had to rethink its finances and operational model, including sourcing quality ingredients and maintaining a consistent dining experience, he added. “The learning curve was steep.
We learnt along the way, and I think we made a lot of mistakes as well. But I believe it was worthwhile. The cafe has strengthened our brand awareness.
.. and added a layer of customer loyalty and brand engagement.
” So far, these efforts have paid off, with the business attracting a new demographic of male customers, he said. Branching out to offer dining servi.
