New Yaohan
{{Short description|Department store in Macau, China}}
{{Infobox company
| name = New Yaohan
新八佰伴
Novo Yaohan
| type = Department store
| foundation = 1992 (as Macau branch of Yaohan)
September 18, 1997 (as New Yaohan)
| location_city = Macau, China
| locations = 5 (1 main store and 4 outlets)
| key_people = Stanley Ho, Kazuo Wada
| parent = Sociedade de Turismo e Diversões de Macau
| homepage = {{url|http://www.newyaohan.com}}
}}
New Yaohan ({{zh|c=新八佰伴}}, Portuguese: Novo Yaohan) is a department store in Macau, China. It was established on September 18, 1997, from the Macau branch of Yaohan, which was the first department store on the island. New Yaohan is a fully owned subsidiary company of Sociedade de Turismo e Diversões de Macau (STDM). The store is located on Avenida Dr. Mário Soares, Praia Grande, with one outlet store in Outer Harbour Ferry Terminal.
History
File:New Yaohan Building 2009.jpg
The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Casino (Chinese: {{lang|zh|回力娛樂場}}, Portuguese: Casino Jai Alai) in 1992; at the time of its opening, the store was the first department store in Macau. As Kazuo Wada, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997,{{cite news|publisher=The New York Times |date=1997-09-19 |title= Japan Retailer In Bankruptcy |url=https://www.nytimes.com/1997/09/19/business/japan-retailer-in-bankruptcy.html |accessdate = 2013-11-22 }} Panda Sociedade de Gestão de Investimentos Limitada, a subsidiary company of Sociedade de Turismo e Diversões de Macau and Shun Tak Holdings, purchased the ownership of the branch store of Yaohan.{{cite news |publisher=Macau Business Daily |date=2013-01-23 |title=‘Double-digit’ jump in New Yaohan turnover |url=http://macaubusinessdaily.com/Business/%E2%80%98Double-digit%E2%80%99-jump-New-Yaohan-turnover |accessdate=2013-11-22 |url-status=dead |archiveurl=https://web.archive.org/web/20131202235218/http://macaubusinessdaily.com/Business/%E2%80%98Double-digit%E2%80%99-jump-New-Yaohan-turnover |archivedate=2013-12-02 }}{{cite web |publisher= Macau retail and Management Association |title= List of members |url=http://mrma.org.mo/ct/members.html |accessdate = 2013-11-22 | language = zh }} Then, STDM established a subsidiary company called New Yaohan Department Store ({{zh|新八佰伴百貨}}, Portuguese: Nova loja de departamentos Yaohan) for related operations, and re-opened the department store with a new name: New Yaohan.{{cite news|publisher=Macau Daily |date=2008-07-30 |script-title=zh:南灣新八佰伴8號開 |url=http://www.macaodaily.com/html/2008-07/30/content_203845.htm |accessdate=2013-11-22 |language=zh |url-status=dead |archiveurl=https://web.archive.org/web/20080805054100/http://www.macaodaily.com/html/2008-07/30/content_203845.htm |archivedate=August 5, 2008 }}
In 2005, STDM announced it intended to demolish the New Yaohan store building and rebuild it as Oceanus ({{lang|zh|回力海立方娛樂場}}), the contingency development plan of its casino subsidiary Sociedade de Jogos de Macau in 2005. The New Yaohan store was then moved from Avenida da Amizade to a new site on Avenida Dr. Mário Soares, which was opposite to the old Judicial Court of Macau.{{cite news |publisher= Macau Business |date= 2005-05-31 |title= Three-Year Mall |url= http://www.macaubusiness.com/news/retail/three-year-mall.html |accessdate= 2013-11-22 |url-status= dead |archiveurl= https://web.archive.org/web/20131203040909/http://www.macaubusiness.com/news/retail/three-year-mall.html |archivedate= 2013-12-03 }} As part of the moving process, the store at the original site was closed on August 2, 2008, and the new site on opened on August 8, 2008.{{cite web|publisher=New Yaohan |title= About Us |url=http://www.newyaohan.com/about_us/company_info |accessdate = 2013-11-22 |language = zh }}
New Yaohan Department Store invests 30 million patacas for the outlet store known as New Yaohan Outlet ({{zh|新八佰伴Outlet}}, Portuguese: Outlet do Novo Yaohan) on the third floor of the Outer Harbour Ferry Terminal which has an area of 11,000 square feet and it was opened on March 22, 2010.{{cite news|publisher=Macau Daily |date=2010-03-23 |title= 新八佰伴Outlet開幕 |url=http://mpaper.org/Story.aspx?ID=100664 |archive-url=https://archive.today/20131121220736/http://mpaper.org/Story.aspx?ID=100664 |url-status=usurped |archive-date=November 21, 2013 |accessdate = 2013-11-22 | language = zh }} New Yaohan also manages several different brands as outlet stores in The Venetian Macao, Four Seasons Hotel Macao and One Central.