Ocean Shopping Mall by Phuket’s local entrepreneur puts THB 100 million to renovate its three malls after seeing drop in total sale throughout the year 2009. As well, in respond to the coming of big players.
According to Managing Director Wattanan Sianghen, they will add a food court mainly sell Phuket’s specialties into Ocean Shopping Mall in Phuket town. Ocean Plaza Patong, after renovation, will include a food center for locals and tourists on its 3rd floor which dominant with 360 degree panoramic views of Patong. What to do with another Ocean Plaza on Bangla Road is during discussion. Probably an entertainment center or seafood market on the top floor. Total budget for renovation and development is THB 100 million approximately.
Sales of the three malls in 2009 is negative for 10% especially for two branches in Patong. Tourists which is the main market, in such a situation tend to spend money more carefully. Special discount is the strategy the malls used to motivate consumer’s purchase in order to recover sales.
He believes the sales will increase this year as the world economy shows a good sign.