Lucky Mall's luck runs out
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Re: Lucky Mall's luck runs out
1 min ago - BREAKING NEWS
Lucky Mall bust bursts retail bubble
The October 1 closure of Lucky Mall in Siem Reap signified farewell to the last vestiges of the retail boom that erupted in 2008 when a clutch of cash-registered Temples of Mammon thrust forth, all eager to profit from the tourism wealth flowing from the Temples of Angkor, a flow that was thought would never ebb– until it did.
The retail rush began early in 2008 when the four-storey Angkor Trade Centre opened on the riverside with a batch of trendy stores alongside, such as Swensen’s and The Pizza Company.
This was followed in August with the splashy opening of Lucky Mall, while simultaneously ground was being cleared for construction of another large Canadia Bank-financed mall, The Angkor Shopping Arcade, on National Road 6. Plus nearing completion was the construction of the supposed four-storey, 18-escalator, two-glass-encased-elevator, 430-store Royal Shopping Galleries.
But the consumerisation of Siem Reap was not only the domain of large shopping centres – in the weeks leading up to the Lucky Mall opening new stores emerged that included menswear shop Angkor Tep, iOne, an Apple authorised reseller, a Lucky Seven restaurant, the knock-off I Kea (Siem Reap) Spongy Furniture House and a smattering of 101 Fruit & Toot stores throughout the city.
In December an Adidas outlet launched following the debut Cambodia launch in Phnom Penh in early January, and KFC also announced that it would open a Siem Reap outlet in early 2009.
Most of those outlets are gone and all the grandly-envisioned malls are now either shut or verging on the derelict.
https://www.khmertimeskh.com/501371460/ ... il-bubble/
Lucky Mall bust bursts retail bubble
The October 1 closure of Lucky Mall in Siem Reap signified farewell to the last vestiges of the retail boom that erupted in 2008 when a clutch of cash-registered Temples of Mammon thrust forth, all eager to profit from the tourism wealth flowing from the Temples of Angkor, a flow that was thought would never ebb– until it did.
The retail rush began early in 2008 when the four-storey Angkor Trade Centre opened on the riverside with a batch of trendy stores alongside, such as Swensen’s and The Pizza Company.
This was followed in August with the splashy opening of Lucky Mall, while simultaneously ground was being cleared for construction of another large Canadia Bank-financed mall, The Angkor Shopping Arcade, on National Road 6. Plus nearing completion was the construction of the supposed four-storey, 18-escalator, two-glass-encased-elevator, 430-store Royal Shopping Galleries.
But the consumerisation of Siem Reap was not only the domain of large shopping centres – in the weeks leading up to the Lucky Mall opening new stores emerged that included menswear shop Angkor Tep, iOne, an Apple authorised reseller, a Lucky Seven restaurant, the knock-off I Kea (Siem Reap) Spongy Furniture House and a smattering of 101 Fruit & Toot stores throughout the city.
In December an Adidas outlet launched following the debut Cambodia launch in Phnom Penh in early January, and KFC also announced that it would open a Siem Reap outlet in early 2009.
Most of those outlets are gone and all the grandly-envisioned malls are now either shut or verging on the derelict.
https://www.khmertimeskh.com/501371460/ ... il-bubble/
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Re: Lucky Mall's luck runs out
Rumours says that Big C bought the building and the plot and they plan to open hypermarket some time in future. Same little birds say they have shopped land in Phnom Penh and Sihanoukville too.
- Jerry Atrick
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Re: Lucky Mall's luck runs out
Lucky Mall - "Temples of Mammon"?CEOCambodiaNews wrote: ↑Thu Oct 05, 2023 1:31 am 1 min ago - BREAKING NEWS
Lucky Mall bust bursts retail bubble
The October 1 closure of Lucky Mall in Siem Reap signified farewell to the last vestiges of the retail boom that erupted in 2008 when a clutch of cash-registered Temples of Mammon thrust forth, all eager to profit from the tourism wealth flowing from the Temples of Angkor, a flow that was thought would never ebb– until it did.
The retail rush began early in 2008 when the four-storey Angkor Trade Centre opened on the riverside with a batch of trendy stores alongside, such as Swensen’s and The Pizza Company.
This was followed in August with the splashy opening of Lucky Mall, while simultaneously ground was being cleared for construction of another large Canadia Bank-financed mall, The Angkor Shopping Arcade, on National Road 6. Plus nearing completion was the construction of the supposed four-storey, 18-escalator, two-glass-encased-elevator, 430-store Royal Shopping Galleries.
But the consumerisation of Siem Reap was not only the domain of large shopping centres – in the weeks leading up to the Lucky Mall opening new stores emerged that included menswear shop Angkor Tep, iOne, an Apple authorised reseller, a Lucky Seven restaurant, the knock-off I Kea (Siem Reap) Spongy Furniture House and a smattering of 101 Fruit & Toot stores throughout the city.
In December an Adidas outlet launched following the debut Cambodia launch in Phnom Penh in early January, and KFC also announced that it would open a Siem Reap outlet in early 2009.
Most of those outlets are gone and all the grandly-envisioned malls are now either shut or verging on the derelict.
https://www.khmertimeskh.com/501371460/ ... il-bubble/
This deluded KT hack would do better to look at some of the vulgar nouveau rich mansions around S.R to see what "Temples of Mammom" actually are
Because a small grocery outlet like Lucky isn't it & two or three stores no longer existing after 15 years isn't any evidence of a retail bubble bursting especially in a town like SR - whose main economy has been artificially decimated over the last 32 months
I knew which gimp wrote that trash before even clicking to confirm the byline. Probably bashed out in ten minutes two bottles of wine deep without any proofread or editorial eye being involved.
- HaifongWangchuck
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Re: Lucky Mall's luck runs out
It's funny that the two corporate examples he uses of retail decline--KFC and Adidas--are not only still open, but thriving quite well in Siem Reap; the other examples he cited weren't exactly famous or well-regarded (I Kea? Really?), and despite this, they keep on opening new stores and fast food chains here (Habit Burger was opened just last year; ice cream chain Mixue just recently opened an outpost here last month).Jerry Atrick wrote: ↑Thu Oct 05, 2023 8:26 am
Lucky Mall - "Temples of Mammon"?
This deluded KT hack would do better to look at some of the vulgar nouveau rich mansions around S.R to see what "Temples of Mammom" actually are
Because a small grocery outlet like Lucky isn't it & two or three stores no longer existing after 15 years isn't any evidence of a retail bubble bursting especially in a town like SR - whose main economy has been artificially decimated over the last 32 months
I knew which gimp wrote that trash before even clicking to confirm the byline. Probably bashed out in ten minutes two bottles of wine deep without any proofread or editorial eye being involved.
He seems like another one of those annoying nostalgists who see any advancement or development of the country as ultimately undesirable, so maybe he should move to Kampot or Battambang since nothing truly ever seems to change there
- Fridaywithmateo
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Re: Lucky Mall's luck runs out
For supermarkets, I shop at Bayon mostly ... a bit pricey, but great booze selections and all the Asian stuff you could want is stocked up. Reminds me of really an upscale Ranch 99, but without the live seafood. What's funny is there is the teenaged staff member seemingly on every single isle ... seems like overkill ... but I'm sure they have a good reason. But the local markets are my favorites ... always an adventure and you can find great deals sometimes. But still searching for someone selling my favorite booze ... Okinawa Awamori brand called Kura, brewed by Helios. Man, that stuff is good. In Japan, cost about $10 usd for 750ml bottle. Then the other one is Kumesen ... much cheaper ($6) ... delish too, but in a more blue collar way.
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