7 RETAIL NEWS CAPSULE
PHILIPPINE RETAILING
Seeing beauty in a new light at Rustan ’ s Beauty Hall
With a rich heritage spanning over 70 years , Rustan ' s stands as a trailblazer in luxury retail . Originating from founders Gliceria Rustia Tantoco and Bienvenido Tantoco , Sr .' s inspirational visit to Paris , their vision was to infuse the essence of luxury into the Philippines through Rustan ' s Department stores . This enduring legacy of excellence , coupled with a commitment to exceptional customer service , has solidified Rustan ' s as a trusted and exclusive destination for renowned brands in the Filipino market .
Now Rustan ’ s proudly introduces its newly revitalized Beauty Hall , a testament to the company ’ s commitment to offering nothing less than the best to its patrons . This Beauty Hall is not just a retail space ; it ’ s a sanctuary of beauty and elegance , meticulously designed with world-class interiors and retail architecture innovations . It sets a new standard for excellence in the world of luxury beauty .
Moreover , the Beauty Hall serves as a reflection of Rustan ’ s dedication to providing an international-standard shopping experience . It ’ s comparable with beauty halls found in key cities across Europe and the United States , offering a world-class haven for luxurious beauty brands .
On September 7 , Rustan ’ s The Beauty Source proudly presented the annual Beauty Addict Event , harmonizing seamlessly with its
Indonesia has banned e-commerce transactions on social media platforms , the trade minister said , in a blow to short video app TikTok , which is doubling down on Southeast Asia ’ s biggest economy to boost its e-commerce business . newly revitalized Beauty Hall . The Beauty Hall was inaugurated with a ribbon-cutting ceremony led by Anton Huang , president of Stores Specialists , Inc .; Michael Goh , Shiseido Philippines managing director ; Catriona Gray ; Donnie Tantoco , president of Rustan Commercial Corporation ; and Zenaida R . Tantoco , chairman and CEO of Rustan Commercial Corporation .
In Rustan ’ s Beauty Hall , shoppers embark on an exclusive journey through a curated collection of prestigious brands , each offering its unique allure . Maison Francis Kurkdjian ( MFK ) presents the Philippines ’ inaugural identity counter , promising an exclusive experience . L ’ Occitane ’ s expanded space not only champions sustainability with its eco wall but also aspires to B-Corp status , upholding the highest standards of social and environmental responsibility .
Clé de Peau Beauté takes its place as Rustan ’ s exclusive department store counter , offering an unmatched experience . MAC elevates the game with Virtual Try-On iPads and handy wireless charging pods at their makeup stations . A convenient grab-and-go station enhances the shopping experience with mini products at checkout . La Prairie mirrors global design trends , offering the coveted “ Art of Perfection ” service . Clarins takes a personalized approach with the latest counter elements , enabling custom consultations and demonstrations . A dedicated wrapping corner caters to gifting needs , ensuring that every purchase is a delight .
It ’ s exciting how the Beauty Hall continues to evolve , welcoming clean beauty brands like L : a Bruket and Grown Alchemist , with more surprises on the horizon . Philstar . com , 10 / 01 / 23
Indonesia bans e-commerce transactions on social media in major blow to TikTok
Indonesia Trade Minister Zulkifli Hasan told reporters that the regulation is intended to ensure “ fair and just ” business competition , adding that it was also intended to ensure data protection of users .
The government said the move , which takes effect immediately , is aimed at protecting offline merchants and marketplaces , adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises .
The move comes just three months after TikTok pledged to invest billion of dollars in Southeast Asia , mainly in Indonesia , over the next few years in a major push to build its e-commerce platform TikTok Shop .
He warned of letting social media become an e-commerce platform , shop and bank all at the same time .
The new regulation also requires e-commerce platforms in Indonesia to set a minimum price of $ 100 for certain items that are directly purchased from abroad , according to the regulation document reviewed by Reuters , and that all products offered should meet local standards .
Cnn . com , 09 / 27 / 23
TikTok , owned by China ’ s ByteDance , has 125 million active monthly users in Indonesia and has been looking to translate the large user base into a major e-commerce revenue source .
A TikTok Indonesia spokesperson said it would pursue a constructive path forward and was “ deeply concerned ” with the announcement , “ particularly how it would impact the livelihoods of the 6 million ” local sellers active on TikTok Shop .
Image from CNBC