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| Global retail industry news |  |
| Global Industry Watch |  |  | | - David Jones bets on Brisbane with new store
Australian retailer David Jones plans to open a 14,200-square-meter, two-story store as part of a $450 million redevelopment and expansion of the Indooroopilly Shopping Centre in Brisbane. "It's the best demographic profile in metropolitan Brisbane and is a centre we have wanted to be present in for some time as we believe its high-growth, high-value demography is a perfect fit for our customer offering," said CEO Paul Zahra. The Courier-Mail (Brisbane, Australia) (19 Jan.)      | Retail in Europe | | | | - Turkey's younger consumers fuel new mall development
Turkey, one of the last European countries to welcome modern shopping centers, is making up for lost time. The country has one of the youngest populations in Europe, making it attractive to mall developers, who have 30 new shopping centers in the works in Istanbul alone. Bloomberg (18 Jan.) - Tesco struggles to find the right US strategy
Tesco launched its first Fresh & Easy store in the US with great fanfare five years ago, but the UK-based supermarket chain has struggled since as it tries to find the right recipe for success in America, this story says. The chain recently said it would close 12 underperforming stores and open 25 new locations in more affluent areas. The Guardian (London) (18 Jan.) | Retail in Asia | | | | - FamilyMart to open 600 stores in Indonesia, the Philippines
Japanese convenience store operator FamilyMart plans to open 300 new stores each in Indonesia and the Philippines by 2015, in a push to attract younger customers in those countries as business at home slows. The company, Japan's largest convenience store chain, operates 8,697 stores in Japan and 10,782 locations in other countries including Taiwan, South Korea and China. Bloomberg Businessweek (18 Jan.) - Forever 21 plans China growth strategy
US apparel retailer Forever 21 opened its first store in Hong Kong this week and plans to expand in Beijing and Shanghai this year. The fast-fashion chain, which is making its second attempt to break into the Chinese market, expects to open "many" new stores in the country during the next decade, an executive said. Women's Wear Daily (subscription required) (18 Jan.) | E-commerce Spotlight | | | | - China says Taobao's "notorious" designation isn't fair
China's Commerce Ministry objected this week to the inclusion of Alibaba Group's Taobao on a US list of notorious markets for piracy, and said the US needs to be more objective when judging the country's record on intellectual-property rights. The company has worked to eliminate fakes on both its Taobao Marketplace and Taobao Mall retail sites, but some companies are still reluctant to sell there because of counterfeit worries. The Wall Street Journal (19 Jan.) | Spotlight on Consumer Electronics | | | | - China Unicom undercuts Apple with cheaper smartphones
China Unicom Hong Kong said it has significantly boosted its base of wireless subscribers by switching from a strategy of promoting high-end iPhones to selling rival devices that cost about 80% less. "If a vendor offers a phone that can do most of the things a high-end device can do, there's no reason people won't bite," said analyst Teck Zhung Wong. Bloomberg Businessweek (19 Jan.) | NRF News | | | | - How to prepare for Store 3.0
Store 3.0 is already here. And retailers who are leveraging all channels and technologies are in a prime position to grab those essential sales from the highly-connected and savvy consumer. In a recent Retail's BIG Show session, Deloitte's Alison Kenny Paul shares statistics about the changing retail landscape and how to alter your core brand elements to stay relevant in the coming years and beyond. Read more.
| SmartQuote | | | |  | For the person for whom small things do not exist, the great is not great."
--José Ortega y Gasset,
Spanish philosopher and essayist  |
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