News Videos
International Edition


July 24, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Far Eastern chair lauds local consumers

Taiwan consumers have become more conservative yet smarter, said Douglas Hsu, chairman of the Far Eastern Group, yesterday.

Hsu made the remarks at the Tianmu branch of Sogo Department Store, part of the Far Eastern Group. The store is currently having its anniversary sale.

At the store yesterday, Hsu made juice for employees and did the "horse dance" — a routine popularized by the South Korean rapper PSY in his internationally chart-topping music video "Gangnam Style."

"President Ma wants people to exercise more, no matter how busy they are," a sweating Hsu said. "That's just what I did. You can do exercise for just 10 minutes and get good results."

"The horse dance has become an international phenomenon," he continued. "To me, exercising is pretty much the same as running a business. You always have to catch up with the latest trends."

Following the commencement of the sale on Oct. 3, business has been vibrant, with the Tianmu store set to hit its NT$800 million revenue target in 12 days compared to 20 days for its peers, said Huang Ching-wen, chairman of Sogo Department Store.

According to Hsu, Taiwanese consumers have become smarter. "The financial woes a little while ago caused Taiwanese consumers to be more cautious. Yet now that they see that things are not so bad, they're spending again, although in a more prudent and judicious manner," he said.

Taiwan's postage stamp prices are being raised for the first time in 26 years
Ko Wen-je told China straight-up that Tsai Ing-wen will be called president, not leader
A blogger in Vietnam will spend 10 years in jail for comments about a Taiwan-owned factory's chemical spill
LATEST: Chinese dissident Liu Xiaobo dies, Chinese government says
As it happened: 1 dead, 2 critical, 13 more injured in gas explosions
Updated with video: Riders are leaving their oBikes everywhere and some government officials won't take it anymore
LATEST: China 'has gotten an apology' after the White House confused the PRC and ROC
This blog is a lifesaver for Taipei parents with a toddler
Getting divorced in Taiwan? From custody to child support, this is what you need to know
Tainan's mayor reaffirms his pro-independence stance
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search