sustainable brands in action : siam center
TRANSCRIPT
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21 March 2018
By: Ms. Gunyarak Piyakhun
First Executive Vice President
Marketing Strategy & Business Excellence
Siam Piwat Group
Thailand
SUSTAINABLE BRANDS INACTION : SIAM CENTER
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VDO
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INTRODUCTION
Q: LET’S GUESS HOW OLD THIS 4 STOREY BUILDING IS ?
๗
40 YEARS OLD A:
BACK TO OUR STORY
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INTRODUCTIONDURING THE PAST 4O YEARS, THERE WERE SO MANY CHANGES IN THIS BUILDING.
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INTRODUCTIONDURING THE PAST 4O YEARS, THERE WERE SO MANY CHANGES IN THIS BUILDING.
THE FIRST
TRANSFORMATIONEVER
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REVAMPING IDEAderives from OUR 3 FACTORS ….
CHANGE OF CONSUMERS, HIGH COMPETITION
WHY DO WE NEED TO RENOVATE AND BECOME
A GAME CHANGER ?
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Focus on
our own
STRENGTH
Understanding
the
TARGET’S NEED
Standout
From the
COMPETITION
It’s all about ….
THE BALANCE… in these 3 factors.
THE REBIRTH OF SIAM CENTER
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Focus
on our own
STRENGTH
1.
We owned the pioneering position. Opened in 1973, Siam Center was
the first modern shopping mall in Thailand.
With this ‘trend-leading’ position, we need to maintain our core
visitor base and ensure that we are continue to be only downtown
mall that has consistently registered 100% occupancy.
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Understanding
the
TARGET’S NEED
2.Hub of Thai designer brands on 3rd floor
Target people of Siam Center are not only trend follower but also the
trend setter who has a thirst for inspiration/new ideas.
The world of interactive media has been emerged in society. The
combination of smartphone and mobile broadband enable people to
enter to the world of social interaction.
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Standout
From the
COMPETITION
3.
CENTRAL EMBASSYCENTRAL EMBASSY
Many shopping malls now look the same, whether in Thailand or other
countries.
As new shopping malls emerge, shoppers become more jaded by the same brands offering at these malls.
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+
NEW CONCEPT CALLED
To be a game changer, we need to combine these elements for unique proposition
THE IDEA MARKET PLACE
+Standout
From the
COMPETITION
Understand
the
TARGET’S NEED
Focus
on our own
STRENGTH
THE REBIRTH
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HOW DO WE MANIFEST THE IDEA
MARKET PLACE INTO A
MORE POWERFUL WORD?
THE REBIRTH
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“IDEAOPOLIS”
THE REBIRTH
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IDEAOPOLIS
IT MEANS
WE ARE … .
… the capital of trend-setting ideas : a place where
imagination and creativity are presented.
IT MEANS
A PLACE … .
… where art, fashion, technology, and lifestyle
converge to create the unexpected and an inspiring
experience for visitors, and at every visit.
THE REBIRTH
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HOW IDEOPOLIS ENABLES SIAM CENTER BECOME
‘THE BRAND THAT LAST’?
INTERNAL EXTERNAL TODAY FUTURE
BRANDS THAT LAST ARE BRANDS THAT BUILD FROM WITHIN AND DO TODAY BY THINKING ABOUT TOMORROW
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4 STRATEGIES THAT BUILD IDEAOPOLIS AS
‘THE BRAND THAT LASTS’?
IDEAOPOLISINTERNAL EXTERNAL
TODAY
FUTURE
4. ACCOMMODATE
FOR THE FUTURE
3. WALK
THE TALK
MAKE AN IMPRESSION
1. MAKE AN
IMPRESSION
2. COLLABORATE
TO ACHIEVE MORE
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BRAND THAT LAST : 1ST STRATEGY
MAKE AN
IMPRESSION
IMPRESSEDSUSTAINABLE BRANDS
CONNECT TO CONSUMER
WITH AN INSPIRING LOOK
AND UNIQUE OFFERING.
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1ST STRATEGY
STRATEGY:
MAKE AN IMPRESSION
ACTIONS:1. UNIQUE MOOD & TONE:
• Rustic industrial
• Urban loft
• Contemporary design
Contemporary
Rustic industrial
Urban loft
1. U
niq
ue
Mo
od
& T
on
e
Art Mobile Free WiFi
2. W
orl
d o
f In
spir
atio
n3
. In
tera
ctiv
e Sp
ace Ceiling /Wall multimediaDigital closet
Digital directory
3. INTERACTIVE SPACE:
• Digital closet
• Digital directory
• Ceiling /Wall multimedia
2. WORLD OF INSPIRATION:
• Art mobile sculpture
• Free WiFi
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BRAND THAT LAST : 2nd STRATEGY
LEASING
TENANT
COLLABORATE
TO ACHIEVE MORE
“A SUSTAINABLE
WORLD MEANS
WORKING TOGETHER TO
CREATE PROSPERITY FOR ALL”SIAM CENTER
Jacqueline Novogratz
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2nd STRATEGYSTRATEGY:
COLLABORATE TO
ACHIEVE MORE
ACTIONS:
1. FIRST FLAGSHIP STORE:
• Under Armour
• Lush
2.
Un
iqu
e R
etai
l C
on
cep
t3
. Sp
eci
al M
en
u
Off
eri
ng 3. SPECIAL MENU OFFERING:
• Restaurant & café offer special menu available ONLY @ SIAM CENTER
2. UNIQUE RETAIL CONCEPT:
• Flynow III
• Kloset
1. F
irst
Fla
gsh
ip
Sto
re
Lush
Under Armour
Flynow III Kloset
Audery
Cafe
Greyhound Cafe
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BRAND THAT LAST : 3rd STRATEGY
WALK THE TALK
SUSTAINABLE BRANDS
ALWAYS KEEP
CONSISTENCY BETWEEN
‘WORD’ AND ‘ACTION’
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3rd STRATEGY
STRATEGY:
WALK THE TALK
ACTIONS:
1. SIGANATURE FASHION:
• Worked with Sean Freeman and Thai designer brands to create ‘Siam Center Idea Avenue : Absolute Siam Fashion Capital ‘
2.
Exce
pti
on
al L
ife
styl
e
2. EXCEPTIONAL LIFESTYLE:
• The first-ever Thai stamp collection designed by 8 Thai renowned designers in collaboration with Siam Center
1. S
ign
atu
re F
ash
ion
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(CONTINUED)
STRATEGY:
WALK THE TALK
ACTIONS:3. SPECIAL TECHNOLOGY:
• Collaborate with CIMB to create the contest ‘Light Sculpture’ by young-blood interior designers
4. PHENOMENAL ART:
• Invited ‘SOFTlab’ to create the upside down design of Christmas tree
• Worked with SanttuMustonen to develop a chic limited edition mobile case.
4. P
he
no
me
nal
Art
Mobile case
Upside down
Christmas tree
3. S
pe
cial
Te
chn
olo
gy
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BRAND THAT LAST : 4th STRATEGY
ACCOMODATE FOR
OUR FUTURE
SUSTAINABLE
BRANDS ALWAYS
THINKING ONE STEP
AHEAD TO ENSURE
LONG-TERM HEALTH.
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4th STRATEGYSTRATEGY:
ACCOMODATE FOR
OUR FUTURE
ACTIONS:1. LIGHT AHEAD PROJECT:
• Partnered with the Japanese government and JFWO to launched fashion Japan week in Bangkok
3. INSPIRATIONAL HUB:
• ‘THISISSIAMCENTER.COM’, a daily digital bible for fashion lover
2. CULTURE IN FASTLANE:
• 19 Thai designers designed products from local villager in their own way
1. L
igh
t A
he
ad
Pro
ject
2.
Cu
ltu
re in
Fas
tlan
e3
. In
spir
atio
nal
Hu
b
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4 Years after the TRANSFORMATION,
How do we sustain our brand
and keep it alive?
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4 Key success factors
➢ Shopping is seldom seen as merely a purchasing experience, while other features of the facility contribute to outlet affinity
➢ By being in a shopping mall predetermined by its image, shoppers set an expectation of the shopping mall
➢ A selection of different products that vary both in terms of categories and brands in a shopping mall
➢ Store ambience is considered to contribute significantly to the entire shopping experience
IMAGE
❶AMBIENCE
❷
BRAND MIX
❸FACILITY
❹
EVENTS
COMMUNICATIONS
LAYOUTZoning, Signage, Navigation
SUPPORT FACTORS
CORE FACTORS
SHOPPER
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INSIGHT & IMPLICATION – 1. IMAGE
INSIGHT: “Siam Center is the best place for me to do trend updating”
ACTIONS: Events – carrying forward Siam Center to a hub of art, fashion,
technology, and lifestyle
Art
Fashion
Fashion & Art
Technology
Lifestyle
Art
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INSIGHT & IMPLICATION – 2. AMBIENCE
INSIGHT: “I want a place that give me something new everytime”
ACTIONS: creating customer experience thru pop up display - themes by change by festival
Valentines
New Year
Chinese New YearValentines
Chrismas
New Year
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INSIGHT & IMPLICATION – 2. AMBIENCE
INSIGHT: “Many events are not for people like me”
King Rama 9 Exhibition
Art Traction Exhibition & workshop
Mother’s Day Event
ACTIONS: Events – using interactive technology to create more engagement
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INSIGHT & IMPLICATION – 3. BRAND MIX
INSIGHT: “I want to buy cool stuffs from my favorite stores with new merchandises”
ADUREY CAFÉ – Menu only at
Yogurt Land – Menu only at
Emack & Bolio’s –Special promotion
ALDO – New collection
ADIDAS - Limited edition
ESTEE LAUDER - Special promotion
ACTIONS: Communication – use data analytics to understand behavior of shoppers and
promote special item/ menu/ special promotion to customer by segment
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INSIGHT & IMPLICATION – 4. FACILITY
INSIGHT: “I don’t want to get lost and able to find store easily.”
ACTIONS: Layout – using interactive signage & staffs at information counter &
to help navigate more effectively
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IN SUMMARY
MAKE AN IMPRESSION
INTERNAL EXTERNAL
FUTURE
TODAY
IDEAOPOLIS
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THIS STRATEGY ENABLE US COMPLETELY DISTINCTIVE
FROM ONE ANOTHERINTERNAL EXTERNAL IDEAOPOLIS
Tangible outcome? OUR Traffic increases …20%….
Revenue increases by …50%
2007: ICSC award winner for renovation of an existing project
2008: ICSC silver award winner for marketing excellence2014 : ICSC Viva Best-of-the-Best Award Honoree for marketing
- ICSC Gold Award for Asia Pacific Shopping Center Award for Design & Development Excellence
2015: The Best of Thailand Awards voted by Chinese tourists for best shopping mall
- The Best of Thailand Awards voted by Chinese tourists for Top 10 best shopping mall
- ICSC Viva Award Honoree for design & development
2013 : Asia Pacific Property Award for best commercial renovation/redevelopment
- ICSC award winner for Asia Pacific Property Award for best commercial Renovation
- No.1 of the ‘Top 10 list of Shopping Malls Thais Want to Visit Most in 2013
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THANK YOU