Krispy Kreme opens first Taiwan store Dec. 12
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.”
Survey: Gen X, Millennials seek product transparency
New York — Retailers and manufacturers targeting Gen X and Y shoppers this holiday season should introduce more transparency into their product labels and identify fair trade, conflict-free and environmentally friendly practices. Results of a new survey by KPMG LLP reveal that nearly 70% of consumers younger than age 30 consider social issues such as sustainability, human rights and fair trade before making a purchase. This outpaces the less than 50% of consumers overall who feel the same way.
The survey reveals that young consumers focused more on social issues when considering big ticket purchases such as automobiles, computers, consumer electronics and jewelry versus everyday items such as gasoline, toys and food. Thirty-four percent of consumers younger than 30 always or frequently consider social issues when buying everyday goods, compared to 41% when buying big ticket items.
“Many regulations are accelerating trends that would take place anyway,” said Jim Low, audit partner, KPMG LLP. “Retailers are increasingly asking their suppliers to assess their environmental and social sustainability. Several of the leading retail and grocery chains have recently introduced ranking systems to help consumers identify sustainable products. Consumers and investors continue to increase pressure on companies to adopt more sustainable practices.”
NSC taps Agilence Retail to reduce shrink
West Hempstead, N.Y. – Liquidation retailer NSC Wholesale Holdings has selected Agilence Retail 20/20 to reduce shrink and improve in-store operations. NSC plans to use the cloud-based exception reporting solution to obtain visibility into daily store operations to increase efficiency and reduce fraud.
"As NSC expands we need a tool that can grow with us and provide us visibility into our operations," said CFO Michael Gold, NSC Holdings, LLC. "Retail 20/20 enables to that while providing us with a solution that enables us to see all of our data in a single solution and to reduce losses and improve profit."