02 Jan '12, 3am

Flood-hit economy retools for 2012: Luxury department stores will be a rising star in the retail sector as Thail...

Flood-hit economy retools for 2012: Luxury department stores will be a rising star in the retail sector as Thail...

The Nation/Asia News Network Monday, Jan 02, 2012 The flood aftermath and fast-changing consumer behaviour in the digital community have created opportunities for businesses while phasing out those that are uncompetitive and outdated. The Nation's Business Desk reports on this year's expected market trends in products and services. RETAIL Luxury department stores will be a rising star in the retail sector as Thailand transforms from a shopping destination for mass products to one offering luxury goods luring tourists from around Asia. Tourists come to Thailand for two main reasons. The first is to enjoy Thai hospitality, while shopping is the second draw. To differentiate the country from its rivals, Thailand needs to promote itself as the "luxury-shopping destination in Asia". RELATED STORIES Flash floods hit 3 provinces in Southern Thailand Tourists, who have strong purc...

Full article: http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1S...

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