| Global retail industry news |  | | |  | - Wal-Mart braces for fight to enter South Africa
Wal-Mart's battle to enter South Africa will depend largely on how well it can convince unions, officials and consumers that it can be a local player. Wal-Mart's $4 billion deal for Massmart, if it goes through, is expected to be a test case for other global companies interested in tapping the continent's consumer spending. Reuters (29 Sep.)       | American Express OPEN is dedicated to helping our customers find new ways to do more business. That's why we're introducing SearchManger, the new online solution that simplifies search marketing, an increasingly important way to help find new customers and drives sales. And that's how we're helping businesses Boom. Try SearchManager and get full access FREE for 30 days. |
 - Russia's X5 completes acquisition of rival chain
X5 Retail Group, a leading food retailer in Russia, has acquired Ostrov, a rival supermarket chain. The deal, which includes 16 stores in or near Moscow, strengthens X5's position in the competitive market. X5 is also working to acquire Kopeika, a top-10 retailer in Russia. ForexYard/Reuters (30 Sep.) - Berggruen to invest millions to refresh Karstadt chain
Nicolas Berggruen, a billionaire investor, said he has budgeted €400 million to spend on the Karstadt retail chain in Germany. "These are investments that are really mostly capital expenditures to refresh the stores," Berggruen said. "Right now I think the business just needs care and stability and direction, not confusion. We want to be very focused." Bloomberg (29 Sep.) - Construction slump prompts H&M to delay some store openings
Despite posting a significant profit increase, Hennes & Mauritz said it will slow its store openings. The Swedish retailer has been rapidly launching new locations over the past several years as part of an expansion in emerging markets. The company said the global economic downturn has resulted in the building of fewer shopping malls, which has made it difficult to find prime spots for new stores. The Wall Street Journal (30 Sep.)  | FREE Facebook success sample class
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 | Retail in Asia |  | | | - India's Future Group to relaunch e-commerce initiative
Kishore Biyani, chief executive officer at India's Future Group, said the company has enhanced its online offering and is poised to relaunch. "We launched our e-commerce venture three-four years ago, but we did not discover the right model. We are relaunching the venture again," Biyani said. "In [the] next four-five years, I believe e-commerce will be account for at least 10% of our physical retailing." Sify.com (India) (30 Sep.) - China's Taobao tests new online shopping search engine
Taobao.com, the biggest online retailer in China, is poised to bolster its position as it works on a new search engine. Analysts said the launch of etao, as the search engine is called, will cause Taobao's visitor numbers to surge. The move will also put Taobao in direct competition with Baidu, the Chinese search engine that dominates the market. PC World/IDG News (29 Sep.)  | Gain Control of Your Most Expensive Resource
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 | Spotlight on Consumer Electronics | | | | - Australia's Kogan dives into home-appliance market
Kogan, a consumer electronics manufacturer in Australia, is targeting Domayne and Harvey Norman as it launches new home appliances. Kogan has added vacuum cleaners, espresso machines and microwaves to its line of consumer electronics. "We're here to smash the status quo and we've done just that today," said founder Ruslan Kogan. "We're selling these [products] at a fraction of the cost of big name brands." CRN.com (29 Sep.) - Report: Laws and taxes hinder Pakistan's CE market
Pakistan's consumer electronics market is not growing as rapidly as it could because of taxes and a lack of enforcement of intellectual property laws, found analysts at Business Monitor International. The market is forecast to hit $1.6 billion by the end of the year and grow at a rate of about 11% annually, according to a BMI report. The Express Tribune (Pakistan) (28 Sep.) | NRF News | | | | - 10 lessons on using social media to connect with customers
What can an airline teach retailers about social media? In this case, a lot. Southwest Marketing VP Kevin Krone spoke at the Shop.org Summit about ways social media drives revenue, why it matters, and 10 lessons they learned along the way. Among the 10 tips: Have fun -- this is not a burden, it's a gift. Read more.
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