SOGO Big Egg Opening, Last Mile, Huang Ching-Wen Optimistic about Second Half Economy
Far Eastern SOGO Chairwoman Huang Ching-Wen expressed optimism for the economy in the second half of the year, despite ongoing conflicts in the Middle East, citing robust domestic demand in Taiwan and strong performance in the AI technology sector stimulating consumption. The SOGO store at Taipei Dome is also slated for a full opening after government inspections are completed.
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- 📰 Published: April 21, 2026 at 16:46
- 🔍 Collected: April 21, 2026 at 17:01 (15 min after Published)
- 🤖 AI Analyzed: April 22, 2026 at 02:39 (9h 37m after Collected)
Central News Agency
(Central News Agency reporter Tseng Chih-yi, Taipei, 21st) Despite ongoing conflicts in the Middle East, Far Eastern SOGO Chairwoman Huang Ching-Wen stated today that Taiwan's domestic demand is stable, and the strong performance of the AI technology industry in recent years has benefited a wide range of investors, continuously stimulating consumption. Coupled with the completion of renovations for three major luxury brands at Fuxing Pavilion, and the official full opening of SOGO Taipei Dome after government inspection work is completed, she is optimistic about the economy in the second half of the year.
Huang Ching-Wen pointed out that from the first half of this year to date, SOGO's overall performance has grown by 4.7%. With the Mother's Day promotion period approaching, they are offering the industry's biggest discounts to attract customers. Chanel, Hermès, and Louis Vuitton at Fuxing Pavilion have also successively completed renovations. The 17-day promotion period targets a performance of NT$4.23 billion, a 2% growth.
Furthermore, Far Eastern Garden City, located at Taipei Dome, will have its full opening this year. Regarding the opening date, Huang Ching-Wen did not disclose it, only stating that it is cooperating with government inspection work. Due to the large volume of the mall, inspection items such as crowd evacuation have been added. It will officially open after all operations are completed and licenses are obtained.
Regarding the impact of the Middle East conflict, Huang Ching-Wen said that since the Russia-Ukraine war, the world has encountered too many disturbances. However, Taiwan's consumer trend is stable, and SOGO's performance is excellent, which is also estimated to be related to member management. She emphasized that the most important thing for retail shopping malls is adaptability, to adapt to different environmental contexts. For example, how Far Eastern Garden City will connect with various Taipei stores in the future, management and integration capabilities need to be improved.
Huang Ching-Wen is also optimistic about the economy in the second half of the year. She pointed out that the strong performance of the AI technology industry in recent years has benefited not only the companies themselves but also a wide range of investors. The upcoming peak season for shareholder meetings, stock dividends, and cash dividends will stimulate consumption. In addition, with the completion of renovations for the three major luxury brands and the full opening of the Taipei Dome, she maintains optimistic expectations for performance growth.
Chongqing Far Eastern City will close on the 30th. Huang Ching-Wen said that the company had already started trying different business models 10 years ago. This store closure is because retail consumption in China has not yet recovered after the pandemic, and clear profitability cannot be seen in the short term. The decision to close the store is a "short-term negative, long-term positive" move, which can improve the financial structure. Some Chinese counterparts have also inquired about exporting management experience. Currently, the retail area development project in Chengdu Baiyang Building also has good profits.
She emphasized that responsible management means thinking about how to profit for shareholders. "Jensen Huang also said that the most successful element is knowing when to retreat." In the future, the company will take a new path in the Chinese market, including exporting brand technology management experience and retail area development. (Editor: Lin Chia-hsien) 1150421
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(Central News Agency reporter Tseng Chih-yi, Taipei, 21st) Despite ongoing conflicts in the Middle East, Far Eastern SOGO Chairwoman Huang Ching-Wen stated today that Taiwan's domestic demand is stable, and the strong performance of the AI technology industry in recent years has benefited a wide range of investors, continuously stimulating consumption. Coupled with the completion of renovations for three major luxury brands at Fuxing Pavilion, and the official full opening of SOGO Taipei Dome after government inspection work is completed, she is optimistic about the economy in the second half of the year.
Huang Ching-Wen pointed out that from the first half of this year to date, SOGO's overall performance has grown by 4.7%. With the Mother's Day promotion period approaching, they are offering the industry's biggest discounts to attract customers. Chanel, Hermès, and Louis Vuitton at Fuxing Pavilion have also successively completed renovations. The 17-day promotion period targets a performance of NT$4.23 billion, a 2% growth.
Furthermore, Far Eastern Garden City, located at Taipei Dome, will have its full opening this year. Regarding the opening date, Huang Ching-Wen did not disclose it, only stating that it is cooperating with government inspection work. Due to the large volume of the mall, inspection items such as crowd evacuation have been added. It will officially open after all operations are completed and licenses are obtained.
Regarding the impact of the Middle East conflict, Huang Ching-Wen said that since the Russia-Ukraine war, the world has encountered too many disturbances. However, Taiwan's consumer trend is stable, and SOGO's performance is excellent, which is also estimated to be related to member management. She emphasized that the most important thing for retail shopping malls is adaptability, to adapt to different environmental contexts. For example, how Far Eastern Garden City will connect with various Taipei stores in the future, management and integration capabilities need to be improved.
Huang Ching-Wen is also optimistic about the economy in the second half of the year. She pointed out that the strong performance of the AI technology industry in recent years has benefited not only the companies themselves but also a wide range of investors. The upcoming peak season for shareholder meetings, stock dividends, and cash dividends will stimulate consumption. In addition, with the completion of renovations for the three major luxury brands and the full opening of the Taipei Dome, she maintains optimistic expectations for performance growth.
Chongqing Far Eastern City will close on the 30th. Huang Ching-Wen said that the company had already started trying different business models 10 years ago. This store closure is because retail consumption in China has not yet recovered after the pandemic, and clear profitability cannot be seen in the short term. The decision to close the store is a "short-term negative, long-term positive" move, which can improve the financial structure. Some Chinese counterparts have also inquired about exporting management experience. Currently, the retail area development project in Chengdu Baiyang Building also has good profits.
She emphasized that responsible management means thinking about how to profit for shareholders. "Jensen Huang also said that the most successful element is knowing when to retreat." In the future, the company will take a new path in the Chinese market, including exporting brand technology management experience and retail area development. (Editor: Lin Chia-hsien) 1150421
Choose to stand with facts. Every sponsorship of yours is a force to protect press freedom.
Download the CNA "Firsthand News" APP to stay updated with the latest news in real time.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.
Keywords: