REAL ESTATE

Krispy Kreme opens first Taiwan store Dec. 12

BY Dan Berthiaume

Winston-Salem, N.C. — Krispy Kreme plans to open its first store in Taiwan on Dec. 12. The new 2,400-sq.-ft. store will be located in Taipei and is the first of 10 planned Krispy Kreme stores in Taiwan during the next five years by Krispy Kreme’s new franchise partner, Huan Hsin Co., Ltd.

The opening was initially announced to fans of the Krispy Kreme Taiwan Facebook page, and the retailer is giving away more than 10,000 dozen doughnuts at local events throughout Taipei.

"We are excited to partner with Huan Hsin Co., Ltd. in bringing the world famous Krispy Kreme taste and experience to the people of Taiwan," said Jeff Welch, Krispy Kreme president, international. "Their significant retail food experience, strong knowledge of the Taiwanese consumer, and passion for hospitality are key assets as they bring the melt-in-your-mouth Krispy Kreme experience to the market. We are excited to see the strong reaction of the Taiwanese consumer to our pre-opening activities and look forward to joining Hung Chun Hsu and Cheng Chien Hsu, the principals of Huan Hsin Co., Ltd.”

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REAL ESTATE

ICSC-NY show attendance leaps 15%

BY Katherine Boccaccio

New York — Identified as a 2014 industry bellwether, this year’s New York National Conference and Deal Making is up 15% over last year, with some 7,000 people in attendance, according to the International Council of Shopping Centers.

The increase bodes well for next year, according to Michael P. Kercheval, president and CEO. When attendance is up, he said, the industry grows the following year. When it’s down, a decline has always followed.

In a presentation to show attendees, David LaRue, ICSC’s chairman and the president and CEO of Cleveland-based Forest City Enterprises, painted an optimistic picture of the industry. During his Outlook For Retail Real Estate presentation, held Monday, he said that consumer confidence, spending and unemployment figures are all moving in a positive direction for businesses, despite the political uncertainty in Washington.

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REAL ESTATE

Building #19 plans to open Rug Dept. stores

BY Dan Berthiaume

Hingham, Mass. – Building #19, the New England closeout retailer, which recently shut its doors after declaring Chapter 11 bankruptcy, is planning to reopen at least a few stores as specialty closeout rug retailers under the banner of “The Rug Dept.”

The company sent an email to its registered customers dated Dec. 6, 2013 indicating it wants to resume business. The email contained a link to a Facebook page for The Rug Dept. announcing that The Rug Dept. will open soon in the former Building #19 stores in the Massachusetts towns of Burlington, Norwood, and Weymouth. No exact date has been given and it is not clear if there are plans to reopen any full-line Building #19 stores.

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