| Global retail industry news |  | | |  | - Retailers in Christchurch face challenges after quake
Much of the central business district in Christchurch, New Zealand, has reopened for business after the 4 Sept. earthquake, but shoppers have become reluctant to return to the area. Paul Lonsdale, head of the Central Christchurch Business Association, said trade has been slow. "It varies, but some are down from 10% up to 60% -- so they are seriously down," he said. The New Zealand Herald (21 Sep.)       | Unleashing the Next Wave of Innovation in Electronics: In many industries electronics fuel innovations. They enable the creation of a new class of smarter products that are instrumented, interconnected, and intelligent. With these innovations come many challenges. Download this webcast from IBM and learn how to address these complex challenges throughout the product development lifecycle. |
 - Commentary: Collaborative efforts help savvy retailers
Helen Dickinson, head of Retail at KPMG, explains how retailers' efforts to reduce costs have helped many remain competitive during the challenging period. However, Dickinson warns that retailers must constantly monitor expenses to ensure they are kept in check and be on the lookout for innovative ways to continue reducing costs and create other business benefits. She points to the collaborative efforts retailers have engaged in with their suppliers to enhance efficiencies within the supply chain. The Retail Bulletin (20 Sep.)  | Stop waiting for checks that are "in the mail."
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 - Rents rise as retailers flock to Asia for growth
The economic outlook of the Asia-Pacific region has prompted global retailers to compete to open new stores, pushing up retail rents. Tokyo's Ginza shopping district is now the third most expensive place in the world in terms of retail rent, while Seoul's Myeongdong rose from 11th place to eighth, according to a survey by Cushman & Wakefield. New York's Fifth Avenue remained the most expensive place, while Hong Kong's Causeway Bay is second. Bloomberg (21 Sep.) - IKEA strives to launch superstores in India
IKEA Group CEO Mikael Ohlsson said his company is encouraging the Indian government to open up and allow more foreign investment. The Swedish furniture giant is interested in opening retail superstores in India, Ohlsson said. The company also plans to double its annual expenditure on products from South Asia. The Wall Street Journal (20 Sep.) - Hengdeli to sell bonds to fund expansion, acquisitions
Hengdeli Holdings is planning to raise about $322 million selling convertible bonds in order to fund acquisitions and its expansion. Swatch Group's retail partner in China recently sold stock to help finance the expansion of its retail network. Hengdeli is launching 50 new stores in Hong Kong, China and Taiwan this year and is looking into acquiring rivals for further expansion. Bloomberg (21 Sep.)  | Inside Facebook founder reveals marketing tactics
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 | E-commerce Spotlight |  | | | - Tesco to launch online sales in China, Poland, Czech Republic
Philip Clarke, incoming chief executive at Tesco, said he wants to expand the grocer's online offerings around the world. The company is preparing to start selling products online in Poland next year, followed by the Czech Republic and China. The company currently sells online in Ireland and Korea. Financial Times (tiered subscription model) (20 Sep.) , Reuters (21 Sep.) | Technology Solutions | | | | - Technology helps consumers become more informed
Canadian retailers started predicting their demise when Amazon.com launched about 15 years ago, but what the move really signaled was a change in the way consumers shop. Now, technology has made it easier for shoppers to be more informed and demanding. "They know so much about what other consumers have said about a product or service, they have all the product information that's available, they're very well educated, and as a result they want the best and highest-quality service they can get," said Dave Rodgerson, national marketing manager at IBM. Financial Post (Canada) (20 Sep.) | Spotlight on Grocery | | | | - Businessman creates "container supermarkets" in China
A businessman in China is transforming discarded containers into small supermarkets in rural areas in Zhejiang province. For example, the Yunlong Supermarket is 30 square metres, made from containers, and it offers more than 20,000 products. This cube is one of 200 Haolifang Supermarket stores. "The cube can largely reduce the costs of construction and draw the urban business mode to rural areas," said Chen Jianhua, founder of the Haolifang supermarkets. People's Daily (China)/Xinhua (China) (19 Sep.) | NRF News | | | | - Groupon, Facebook execs talk disruptive technologies
At the epicenter of social commerce and innovative customer engagement are two relatively new companies that are transforming consumer perception and spending. In a keynote session at Shop.org's Annual Summit, 27 to 29 Sept., in Dallas, hear Groupon President Rob Solomon and Facebook Vice President Mike Murphy discuss the disruptive business model, specific successes and failures, and what they're planning for the future. Learn more.
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