Renova Group, owned by a member of the Sosothikul family, the founders of Seacon Square, will spread its retail fashion centre concept to more shopping complexes.
Managing director Patarin Sosothikul said the company is talking to three or four mall operators about developing fashion centres on their premises.
Each one costs 100 million baht and has retail space of 5,000 to 8,000 square metres.
A company survey showed 70% of shopping mall visitors are looking for shoes, purses, accessories or cosmetics.
Ms Patarin said this market enjoys continuous growth, considering the number of fashion retail malls springing up.
Shoppers are becoming more interested in such retail malls' variety of affordable designs, she said.
The trend is seeing more shopping centre space being converted into fashion retail centres, and the Renova Group wants to develop these nationwide.
The company expects to manage a combined 40,000 sq m of fashion retail space next year, up from 33,000 sq m now. Tenant numbers under its management will increase to 2,000 shops from 1,400.
The group will also spend 100 million baht to expand its fashion zone in Seacon Square on Srinakarin Road next year by 140% to 12,000 sq m.
The project will see shop numbers increase by 150% to 1,000 shops.
Recently, the Renova Group spent 100 million baht to develop Season Fashion Mall @ Seacon Bangkae, serve shoppers in western Bangkok.
Comprising 8,000 sq m on the second floor, it features more than 600 shops offering clothes, purses, shoes, accessories and cosmetics.
The zone expects to attract 500,000 to 600,000 shoppers a month spending 60-100 million baht.
About the author
- Writer: Pitsinee Jitpleecheep
Position: Business Reporter