Sogo Hong Kong

Sogo Hong Kong (Chinese: 香港崇光百貨) is one of Hong Kong's largest department stores. First established by Japanese retailers, Sogo & Seibu Company (Japanese: 株式会社そごう・西武), the department store is now owned by Lifestyle International Holdings (SEHK: 1212).[1] In addition to the flagship store in Hong Kong Island, Sogo Hong Kong operates a second store in Tsim Sha Tsui, Kowloon.[2]

Sogo Hong Kong
崇光香港百貨
Private
IndustryRetail
Founded1985
FounderIhei Sogo
Headquarters555 Hennessy Road, Causeway Bay,
Hong Kong
Area served
Hong Kong and China
Key people
Thomas Lau (Chairman, CEO)
ParentLifestyle International Holdings
WebsiteSogo Hong Kong Company Limited
Evening view of Sogo Causeway Bay

History

Sogo Hong Kong, originally parented by Sogo Japan (Japanese: そごう), commenced its operations in May 1985 in Causeway Bay, Hong Kong. Situated on Hennessy Road, the Japanese styled department store has become an important retail landmark of Hong Kong. In 1993, it underwent major renovations to become "Jumbo SOGO", expanding its area from 11,000 square metres (120,000 sq ft) to 40,000 square metres (430,000 sq ft).[3]

In 2000, Japan's Sogo declared bankruptcy under a US$17 billion debt.[4] The Hong Kong store was subsequently acquired by Lifestyle International Holdings.[5]

In 2005, Sogo Hong Kong opened a second store in Tsim Sha Tsui, Kowloon.[6] It was located underground, below Salisbury Road. The location was formerly the site of The Palace Mall (1997-2001) and Teddy Bear Kingdom (2002-2005).[7] In 2014, Sogo relocated across Salisbury Road next to Sheraton Hong Kong, encompassing a total floor area of 13,000 square metres (140,000 sq ft).[8]

Business

Sogo Hong Kong's flagship store is spread across eighteen floors of retail space. The store carries mid to high-end clothing brands, sports wear, children's wear, cosmetics, appliances, bedding, and housewares; as such, it is considered a "one-stop shop" for a vast range of goods and services. Sogo Hong Kong also operates the popular Japanese supermarket, Freshmart.

Thankful Week

Sogo's "Thankful Week" is as a semi-annual period in which many of Sogo's brands hold special promotions, often offering steep discounts to their products. Similar to Black Friday, the event is considered a cultural phenomenon among local shoppers and tourists alike.[9]

References
  1. Lifestyle International Holdings Ltd.
  2. Sogo Hong Kong Company Limited
  3. About Sogo Archived 2009-05-17 at the Wayback Machine
  4. Bankrupt Sogo
  5. Lifestyle share placement raises $1.26b Archived 2011-06-04 at the Wayback Machine
  6. Lifestyle International Opens SOGO TST
  7. Building Technology: Thematic Study. Building Selected: SOGO Department Store Tsim Sha Tsui, Cheung Hang Chi Theodoric, The University of Hong Kong
  8. Jones Lang LaSalle: "Hong Kong: Retail". Accessed 2013-10-09
  9. "SOGO超抵感謝祭 有嘢必買你要睇". 蘋果日報. 蘋果日報. 2015-11-13.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.