tag:blogger.com,1999:blog-6897513886211197509.post2943320582530854584..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: View on retail from the selling floor upSingapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-6897513886211197509.post-29250081178133879272016-07-04T12:39:45.784+08:002016-07-04T12:39:45.784+08:00temperament,
Hee hee.
But then again, how often ...temperament,<br /><br />Hee hee.<br /><br />But then again, how often do we feel the same way when others are 100% vested?<br /><br />As compared to meeting someone who is 100% into cash?<br /><br />Same same but different!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90332827626173651642016-07-04T12:37:47.474+08:002016-07-04T12:37:47.474+08:00Sillyinvestor,
见人说人话,见鬼讲鬼话!
In schools, there...Sillyinvestor,<br /><br />见人说人话,见鬼讲鬼话!<br /><br />In schools, there's always a choice - but never easy.<br /><br />We can do what an9elfire has done, or we can fight harder and become a Principal ourselves. <br /><br />Both solutions are about doing it "our way".<br /><br />The saddest is dare not leave; cannot go up. <br /><br />The worst is when people know we 打死不走... Then we are setting ourselves up for further "abuse"...<br /><br />江湖啊...Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-49597317626807126352016-07-04T11:06:00.138+08:002016-07-04T11:06:00.138+08:00Lol... Smol,
If one word is changed, I still give...Lol... Smol,<br /><br />If one word is changed, I still give the same statement. I dun see the difference ... More hints? Hey dun throw shoes at me.<br /><br />Actually huh... This politics thingy, u describe aptly. 江湖<br /><br />Regardless u have altruistic motives or whatever, u have to win votes first.<br /><br />We cannot be "ourselves" <br /><br />Remember our star who shout kee chiu? (Raise hand)Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-66250704879938400722016-07-04T10:59:20.915+08:002016-07-04T10:59:20.915+08:00Sillyinvestor,
If I change only one word - from c...Sillyinvestor,<br /><br />If I change only one word - from cash to vested - would you still stand by your statement?<br /><br />"Wow, people going 100% VESTED! Must be really very convinced that his call is right that the "whole sink" is thrown."<br /><br />Wink.<br /><br /><br />See? The free market will decide what we want from retailing. Your MIL will patronise those restaurants that treat her "right".<br /><br />Why do we go back to the same store or watering hole again and again? Because its nice to walk-in and be RECOGNISED as a regular customer! <br /><br />When I recognise the aunties of jie-jies at the supermarket check-outs, I'll compliment their new hair or make some small talk. <br /><br />They happy; I happy. <br /><br /><br /><br /><br />P.S. Just a side track to another of my pet interests - 江湖. <br /><br />Say don't use dialects, don't use Singlish. But once "free market" give a backlash, now lighten up a bit with dialect radio broadcasts. <br /><br />During sell "koyok" time every 5 years, eh? Now use Singlish and dialects to sell the impression they are one of us? Speak our lingo? <br /><br />No more top down whiter than white daddy knows best "wah kali gong"?<br /><br />LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-31952304227052005302016-07-04T10:31:08.495+08:002016-07-04T10:31:08.495+08:00Hi SMoL,
Wow, people going 100% cash! Must be rea...Hi SMoL,<br /><br />Wow, people going 100% cash! Must be really very convinced that his call is right that the "whole sink" is thrown. <br /><br />What's the highest u ever being?<br /><br />Back to retail, the half half examples. I noticed many F&B expect customers to take orders using iPads<br /><br />The Lao Jie ba Ku teh serve very nice food, it's youtiao always hot and crispy, but my MIL will not go in on her own as she is "intimated" by iPad and want to ask the waitress question <br /><br />I dun really mind DIY, as I am the odd one out. When people are busy, I pumped my own petrol in Singapore. <br /><br />I enjoy going to the ba Ku teh restaurant although I need to key in my orders, because I still feel the service is better than Some atas restaurant, one of which is listed with digits behind.<br /><br />Service was bad, I was ignored. When we order only dim sum, I was given the "this table cheapskate face" <br /><br />Never visited again. Same brand and company, different outlet different ex. I tried ordering "cheap meals" at the outlet at orchard too, same smile ... Same attentiveness. We went back for birthday celebrations <br /><br />Another joke, when we ask atas restaurant what are the popular dishes and recommendations, got cheek to reply everything is nice, up to your taste lor...<br /><br />I rather go hawker centers, the auntie still call me" ah boy, what u work huh, so early wake up"Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-78613281689049790672016-07-04T10:16:10.502+08:002016-07-04T10:16:10.502+08:00temperament,
It's definitely "harder&quo...temperament,<br /><br />It's definitely "harder" to go back to 100% cash now that our portfolio is bigger... <br /><br />That's the strength of retail investors over institutional money managers.<br /><br />Mohd El-Erian of ex-Pimco fame was 100% into cash during 2015. <br /><br />Stanley Druckenmiller went 50% into cash during his early days before joining Soros. He was upset with himself for not going 100% into cash when he's bearish. He got creamed on the 50% vested part...<br /><br />I hope I have the courage and conviction when the time comes for myself.<br /><br /><br />Yes, there's one company that comes to mind - IKEA.<br /><br />So cash rich it does not need to be listed. And every time there's a recession, it grows even bigger!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-79386484667519793462016-07-04T08:49:24.429+08:002016-07-04T08:49:24.429+08:00Rolf,
Great example with the DVDs and cinemas!
W...Rolf,<br /><br />Great example with the DVDs and cinemas!<br /><br />We can build up the best home entertainment systems in our homes, but we still go to the cinemas as its a SOCIAL experience.<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-61610848751892396592016-07-03T23:11:44.716+08:002016-07-03T23:11:44.716+08:00both Hyom hyom n Jared is half right.
The shoppi...both Hyom hyom n Jared is half right. <br /><br />The shopping mall landscape will changed. Retail malls on clothings shrink while education and F&B, saloons, movie theatre will be more dominant! <br /><br />In SG, China or HK, I believed being Asians unlike the Americans who shop more online even for lots of supermarket stuffs, still prefer to go out. Afterall human touch is closer to heart for us I reckon. <br /><br />Just like VCD or DVD replacing Movie theatre in the talk of the 90s! Did our cinema in Sg closed shops? Only price increased and getting more and more crowded n need advance booking esp during wkend or public holidays period... <br /><br />Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-70963018526911967282016-07-03T23:10:44.314+08:002016-07-03T23:10:44.314+08:00temperament,
I used to own one REIT but not anymo...temperament,<br /><br />I used to own one REIT but not anymore ;)<br /><br />REITs are cyclical plays. <br /><br />Just like O&G and commodities plays.<br /><br />There is a time to buy, and there's a time to sell.<br /><br />But if one only knows how to buy REITs but no clue when to sell REITs, well... Somebody will gonna get hurt like those REITs holders who experienced the 2008/09 fiasco...<br /><br />Or maybe ask those buy and hold "investors" of O&G and commodity plays - how's that strategy working out for them?<br /><br /><br />Being right-brained, I'm definitely more qualitative biased. I don't measure precision to the 4th decimal places. <br /><br />Reading people is more my thing. <br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-73907024575342667332016-07-03T23:01:11.424+08:002016-07-03T23:01:11.424+08:00hyom hyom,
It's the same free market that wil...hyom hyom,<br /><br />It's the same free market that will weed out the poorly managed REITs - not all REITs are created equal ;)<br /><br />No, e-commerce will not replace brick and mortar retailing.<br /><br />E-commerce appeals to those who are super busy and those who likes a "bargain".<br /><br />If I have the means, why would I buy an iPhone from internet when I can visit the store and immerse in the total Apple experience?<br /><br />Although I can buy a Mercedes from Alibaba, why should I when I can let some tight skirt massage my ego at the showroom?<br /><br />Who would buy a Prada or LV from the internet? Only the budget wannabes do that right?<br /><br />There is a reason why ladies love visiting the hair-salons and spas. In the animal kingdom, the lower ranked females will groom the higher ranked alpha females ;)<br /><br />You can't it this experience from the internet :(<br /><br /><br />No, the future of retailing will bifurcate - those with the means will continue to demand the personal experience; those with lesser means will opt for the more "budget" and impersonal internet experience.<br /><br /><br />What's stupid is half-half measures.<br /><br />I'll bring up the supermarket example.<br /><br />Just buy from internet and have it delivered to our homes if you don't need to contact with a real human cashier.<br /><br />But if I want to visit a real brick and mortar supermarket because I value a real person's smile, don't expect me to use the automatic check-outs!<br /><br />I hope all these self paying "top down" productivity driven crap will fail.<br /><br />It's not new. Many years ago they tried to "encourage" car owners to pump petrol themselves to save on hiring pump attendants... <br /><br />The free market has voted NO!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-1598163860354944762016-07-03T22:32:58.047+08:002016-07-03T22:32:58.047+08:00Rainbow lady,
Ah! You're from the industry to...Rainbow lady,<br /><br />Ah! You're from the industry too ;)<br /><br />Every 3 years a small touch-up; every 10 years a big makeover. <br /><br />And people "surprised" why some malls and retailers are doing better than others?<br /><br />Those that never "invest" in keeping themselves relevant are the ones who blame high rentals, economy bad, internet buying...<br /><br /><br />Just like investing.<br /><br />If I make money - its all me!<br /><br />If I lose money - its big daddy's fault!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-22791141240083217822016-07-03T13:07:17.231+08:002016-07-03T13:07:17.231+08:00Hi Jared,
Thanks for the article. Retail REIT inv...Hi Jared,<br /><br />Thanks for the article. Retail REIT investors will surely support you on letting the free market weed out the uncompetitive retailers and replace them with the competent who can afford the high rental so that investors can continue collect their dividends. <br /><br />A more serious competitor to the retailers would be online e-commerce. How do bricks-and-mortar fight against the online competitors who have these structural advantages;<br />- convenience to shoppers who want to buy without leaving home<br />- cheaper prices because there is no rental expense<br />- no need to squeeze with the crowds and/or waste time queueing. <br /><br />The retail malls can improve shopping experience by, say, building playgrounds to attract families to spend more of their time there. However, will this lead to more shoppers spending money? Yes, but that is limited mainly to the food and beverages stalls. For other shops, what is there to prevent the shoppers to try the products, ask questions free of charge, then go home online to buy on the cheap? This buying behavior is a rising trend among the young who grew up with the internet.<br /><br />I really salute those retailers who can survive the online onslaught. <br /><br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-87515038529677555312016-07-03T12:05:58.459+08:002016-07-03T12:05:58.459+08:00Hi SMOL,
Nice post. A good knock knock for reits ...Hi SMOL,<br /><br />Nice post. A good knock knock for reits investors too.<br /><br />Retail scene is ever-changing or consumers get bored. That's why every now and then we see some big retailers doing haul-over of their image and shop floors to keep up with the competition. Now I start missing being part of the dynamic scene (minus the customer complaints part). LOLRainbowhttps://www.blogger.com/profile/17762360552800572152noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90810394452834451972016-07-02T22:39:40.385+08:002016-07-02T22:39:40.385+08:00There is one 3 syllable one nearby called Alexandr...There is one 3 syllable one nearby called Alexandra Retail Centre at PSA there n doing well, but we always call it ARC! <br /><br />So maybe we should call it ACM ...not nice also. <br /><br />ABC is better but the famous market aready take the name! <br /><br />hahaha... Just called is Alexandra point Lar.... LOLRolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45080810885870886282016-07-02T22:36:09.147+08:002016-07-02T22:36:09.147+08:00hahahaha if he can own >15% of the company (usi...hahahaha if he can own >15% of the company (using his own ability), I seriously think he will not be blogging here anymore or at least that often! And i am sure he will not make this kind of statement anymore. <br /><br />Sometimes the thinking of a person can allow us to tell at which stage he is also! :-) Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-48124380396728173832016-07-02T22:29:16.387+08:002016-07-02T22:29:16.387+08:00Rolf,
Perfectly OK if that young blogger owns mor...Rolf,<br /><br />Perfectly OK if that young blogger owns more than 15% of the company; can even ask for a seat on the board to earn the "free" Director's fees ;)<br /><br />But if we just own 100 shares... Well, guess some need to "ah Q" a bit to feel better as young salaried man with 30-40 more years of corporate life ahead of him...<br /><br /><br />But then, I not much better...<br /><br />I'm a freeloader, man-whore, piss on the sidewalk. <br /><br />Better poke myself first!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-35395159446168094292016-07-02T22:21:46.769+08:002016-07-02T22:21:46.769+08:00Rolf,
Quite a mouthful in the naming right?
In b...Rolf,<br /><br />Quite a mouthful in the naming right?<br /><br />In branding, we try not to exceed 3 syllables if we want to make it easily recallable by the public ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-52634464497286247252016-07-02T22:20:18.772+08:002016-07-02T22:20:18.772+08:00LP,
"Power" right?
I'll encourage ...LP,<br /><br />"Power" right?<br /><br />I'll encourage students of retail management come and use it as a case study.<br /><br />Compare with Anchorpoint and Queensway Shopping Centre.<br /><br />Those interested in Retail REITs, come see too ;) Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-74349980174783951982016-07-02T17:02:22.926+08:002016-07-02T17:02:22.926+08:00Hi LP,
i been there before there is a toast box t...Hi LP,<br /><br />i been there before there is a toast box there n saw all empty! I did not know it's called Alexandra Central Mall. <br /><br />I use to stay walking distance from there long time ago! Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-59143885961024767732016-07-02T16:57:43.065+08:002016-07-02T16:57:43.065+08:00hahahaha... I remembered 2-3 yrs when I mentioned ...hahahaha... I remembered 2-3 yrs when I mentioned to a young very popular blogger that it's better to accelerate earnings n expose more when young, he n some other bloggers said I can be the CEO busy working n enduring all the stress while he and the rest of the younger share investors can shake leg see the stock appreciate n collect dividends while I suffer. <br /><br />I start to worry for Singapore since then! Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-74560218283610070722016-07-02T15:07:06.031+08:002016-07-02T15:07:06.031+08:00Hi SMOL,
I went to search for that ulu Alexandra ...Hi SMOL,<br /><br />I went to search for that ulu Alexandra central mall you talked about. Wah, sibei jiat lat (http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/alexandra-central-mall-flop-5039532.html)! Like that can open to public?!<br /><br />Must go down there to see see look look one day.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-86762970282053962492016-07-02T11:38:55.954+08:002016-07-02T11:38:55.954+08:00Sillyinvestor,
Is it?
I'm glad you had your ...Sillyinvestor,<br /><br />Is it?<br /><br />I'm glad you had your conversation with Investing Wolf.<br /><br />There are always choices ;)<br /><br /><br />And don't forget your conversation with the butterfly on the Animal School.<br /><br />People matters ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-39538875562059619442016-07-02T11:29:54.654+08:002016-07-02T11:29:54.654+08:00Oh Muhahhaha
If I get what u are trying to say a...Oh Muhahhaha <br /><br />If I get what u are trying to say about mall<br />Managers and comprehensive planning, then schools same same but different<br /><br />I shall not say more... Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-75143912032656392522016-07-02T11:03:32.093+08:002016-07-02T11:03:32.093+08:00Sillyinvestor,
If you are in Shanghai, take a vis...Sillyinvestor,<br /><br />If you are in Shanghai, take a visit to Capitaland's Raffles City Shanghai - 不是猛龙不过江 ;)<br /><br />And compare to their local local developers' shopping centres. <br /><br /><br />In a way, its nice to know some foreign developers who came to Singapore are... Well, you don't want everyone to steal our lunch do we? <br /><br />Zhong Shan park... Another example of things not thought out right from the very beginning. <br /><br /><br />No need go so big, let's start with Food Courts. <br /><br />Why some Food Court operators have a better stall/food mix? Got put effort into décor and design of seating places?<br /><br />Or maybe start with your backyard?<br /><br />Why some schools can attract "better" students?<br /><br />Why some schools are more famous and sought after by parents?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-33376994851375988232016-07-02T10:30:02.261+08:002016-07-02T10:30:02.261+08:00Even the most promising Zhong Shan park with hotel...Even the most promising Zhong Shan park with hotels is....Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.com