Facebook Pixel {العنوان: سلسلة} | {اسم المغناطيس: سلسلة} - {الفئة: سلسلة} - اقرأ هذه القصة على Magzter.com
استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة

يحاول ذهب - حر

Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene

Issue 107

|

Singapore Business Review

Capturing this market is better than competing directly with kopitiams and grab-and-go concepts.

Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene

For Tim Hortons, dominating ‘third place’ in Singapore’s Western coffee market scene is its main strategy to compete against local coffee brands and grab-and-go models with cheaper options “Third places,” as described by sociologist Ray Oldenburg, are locations that facilitate social interaction, usually a public place people frequent. This often refers to places where people spend time aside from their homes (first place) or work (second place). Coffee shops and cafes with relaxed atmospheres are often called third-place locations.

Tim Hortons Singapore CEO Vaibhav Punj said that capturing this market is better than competing directly with kopitiams, new age cafes and coffee roasters, and a recent spike of grab-and-go coffee concepts who just entered the market.

“The size of the piece is quite big as well. We think we can build a very successful business in Singapore,” Punj said.

“Singapore is an interesting market. There are three very clear markets, the Central Business District (CBD), the heartland malls, and the tourist-specific malls like Sentosa and Orchard. We are looking at all these clusters and we intend to open 10 to 15 restaurants going forward,” Punj said.

المزيد من القصص من Singapore Business Review

Singapore Business Review

Singapore Business Review

No green light for Grab: Is it time to lift the cross-border ride-hailing ban?

Analysts backed Singapore’s decision to keep a ban on cross-border private ride-hailing service with Johor Bahru, Malaysia, citing adequate options and potential risks to the local taxi industry.

time to read

3 mins

Issue 113

Singapore Business Review

Singapore Business Review

LAW FIRMS SEE SURGE IN GREEN WORK

Law firms are seeing a surge in client demand for sustainability-related advice as companies scramble to comply with tighter environmental, social, and governance (ESG) requirements.

time to read

1 min

Issue 113

Singapore Business Review

Singapore Business Review

REDEFINING EXPERIENCES THROUGH HUMAN-CENTRIC TECHNOLOGY

Co-creating Singapore's first 'Borderless University' with StarHub's Ubiquitous Network.

time to read

2 mins

Issue 113

Singapore Business Review

Singapore Business Review

Notable architecture professionals under 40

In search of the best architecture professionals under 40, Singapore than 25 architecture firms in the city-state.

time to read

8 mins

Issue 113

Singapore Business Review

Singapore Business Review

Government tightens rules on quick flips

A revision to Singapore's seller's stamp duty (SSD) rules that extends the minimum holding period for residential properties from three to four years is expected to dissuade short-term investors and complicate exit strategies for some buyers, analysts said.

time to read

2 mins

Issue 113

Singapore Business Review

How B2B insurance is changing in Singapore

When it comes to innovation in financial services, Singapore often punches well above its weight.

time to read

3 mins

Issue 113

Singapore Business Review

Singapore Business Review

Mandatory insurance may boost SME trust in small audit firms

Minimum coverage starts at $1m, rising with the size of the firm up to $50m.

time to read

2 mins

Issue 113

Singapore Business Review

Singapore Business Review

Department stores shrink, add dining and wellness

Social media and e-commerce are raising shopper expectations.

time to read

2 mins

Issue 113

Singapore Business Review

Singapore Business Review

SG, India launch green shipping corridor

The digital side of the deal could improve port operations.

time to read

2 mins

Issue 113

Singapore Business Review

Singapore Business Review

Property owners shift to mixed-use designs

Clients want buildings that are integrated and human-centric.

time to read

2 mins

Issue 113

Listen

Translate

Share

-
+

Change font size