Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Taiwan retail sector.

Taiwan Latest News - Inside Retail Asia

Hong Kong loses retail rent ranking

New York’s Upper Fifth Avenue is now the world’s most expensive to rent retail space. It has overtaken Hong Kong’s Causeway Bay in the annual Cushman & Wakefield Main Streets Across the World survey released in France this week. On Upper Fifth Avenue, (pictured), rents rose 13.3 per cent year-on-year to a record US$3500 per square foot, while Causeway Bay rents fell 6.8 per cent to $2735. In third spot was Champs-Élysées in Paris, where rents were static after a stunning 40 …

US sandwich chain speeds Asia rollout

A US fast food giant is ramping up its Asian expansion – in four markets at once. Quiznos has revealed plans for Malaysia, Taiwan, Indonesia and China – as well as the UAE. Later this year, the company will open the world’s largest Quiznos restaurant in Indonesia. The 10,000sqft space will trade 24 hours a day, seven days a week. Quiznos will also feature its Q Café platform in the Indonesian location, serving up brewed coffee alongside toasted subs. “Opening the world’s largest Qu…

Dairy Queen still keen on India

Dessert chain Dairy Queen is seeking a partner to expand into India. The US based company, owned by private equity investor Berkshire Hathaway, operates about 6000 Dairy Queen stores in more than 20 countries and is committed to a progressive roll-put strategy in Asia, especially. Its stores sell a range of soft serve ice cream products, but sells some burgers and other fast food lines at outlets branded DQ Restaurant and DQ Grill & Chill. Earlier talks with reliance Retail broke do…

Hong Kong, Singapore easiest for business

Singapore and Hong Kong are the easiest countries in the world to run a business according to a new report from the World Bank. And with New Zealand ranked third, Malaysia sixth and South Korea seventh, five of the top 10 spots go to Asia-Pacific nations. The top three earn their ranking by being small and well run, according to the World Bank’s Doing Business report 2014. China and India, two of the world’s fastest growing markets rank well down the list; China 90th of 189 countries,…

Apple to nearly treble China network

Apple CEO Tim Cook believes it won’t be too far in the future when Greater China becomes the tech giant’s largest market. In an interview with China’s Sina news agency last week, published in Chinese, Cook said he planned to open a further 25 stores across China, which by Apple’s market definition includes Hong Kong and Taiwan as well as mainland China. Apple’s 15 company-owned store network will grow to 40 within two years, the further beyond that. “We’re investing like c…

Jamba Juice to enter Taiwan

US-based Jamba Juice is to enter its 11th international market with a new master franchise agreement in Taiwan. Jamba Juice has signed Quan Hung Gourmet Company (QHG) to develop 35 stores in Taiwan over the next 10 years. The first cafe will open in 2015 in Taipei. Jamba Juice offers fruit smoothies, juices and juice blends, hot teas and a variety of food items including hot oatmeal, breakfast wraps and sandwiches. As of July 1, it had 854 stores globally. QHG is an entity owned and …

Taiwanese marketplace heads to Japan

Taiwanese marketplace Pinkoi says it wants to become a pan Asian online retailer after adding Japan to its country network. Pinkoi, a marketplace for designers in Asia, has launched in Japan, its first major expansion outside its home market. The online retailer says the highly competitive Japanese online market did not discourage it from expanding there as the company wants to help designers in Japan cross the border. “We believe there are many opportunities for our team to help Japanese…

Carrefour reaffirms Taiwan commitment

French retailer Carrefour says it is not planning to exit Taiwan. Carrefour closed its Taichung store last month citing tough competition as the reason, raising speculation it would pull out of the market. However, Carrefour Taiwan president Patrick Ganaye said it is not withdrawing from Taiwan and instead will increase its investment there. He said the company will spend between NT$5 billion to NT$7 billion (US$165 million to US$231 million) over the next three years to expand its exis…

Quiznos targets 100 Taiwan stores

Having debuted in Taiwan’s capital city on September 1, American sandwich brand Quiznos says its goal is to open 100 outlets across the country by 2024. Quiznos, in partnership with Trilogy International Development and Sense-Meal International, has opened its first Taiwan outlet in Taipei’s Xinyi District, not far from the Taipei 101 skyscraper. “As a global brand, we expect to see Taiwan grow and prosper and become a foundation for the Quiznos brand in Asia,” said Kenneth Cutshaw, Quizno…

E-Land goes to Taiwan

Korean fashion retail group E-Land is expanding into Taiwan, with the first store slated to open at Taipei 101 this week. A second flagship will open in Taipei’s eastern Xinyi shopping district next year. It says it will invest up to NT$1 billion (US$33.4 million) to launch in Taiwan. Turnover in Taiwan is expected to hit NT$15 billion (US$500 million) by 2020. The company ‘s Taiwan expansion is aimed at taking advantage of the local’s love for Korean fashion. It will compete with globa…

Johnnie Walker Houses open in India, Taiwan

Diageo Global Travel is expanding the network of Johnnie Walker House in Asia. Following the success of the Johnnie Walker Houses in Beijing, Shanghai and Seoul, Diageo Global Travel is taking the concept to Mumbai, India and Taipei, Taiwan. The Johnnie Walker House Mumbai, in collaboration with DFS Group and Flemingo International, opened its doors on September 2 at Terminal 2 of Chhatrapati Shivaji International Airport. To celebrate the opening, an exclusive Johnnie Walker House Art Col…

Prada boosts Taiwan presence

Prada has boosted its presence in Taiwan, with a new store at SKM mall in Taichung. Designed by architect Roberto Baciocchi, the store occupies 520 sqm over two floors and presents the women’s and men’s ready-to-wear, leather goods, accessories and footwear collections. The façade, which pays tribute to artist Carlos Cruz-Diez, features a series of full-length, backlit golden aluminium and polished-steel blades which create an evocative illusion of perceived movement. The storefronts i…