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| Global retail industry news |  | | |  | - Dubai's economic woes take toll on retail sector
Dubai's retail scene has taken a hit from the emirate's economic troubles. Stores have been forced to close because of the meltdown of the property market, a decline in tourism spending and loss of confidence. Retail sales in Dubai declined by nearly a quarter last year, according to Peter Walichnowski, CEO of Majid Al Futtaim Properties, which runs shopping malls in the emirate. Financial Times (tiered subscription model) (06 Oct.)       | Deliver only what matters the most: relevance.
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  - M&S expects tough trading conditions
Marks & Spencer Group, which has more than 600 stores in Britain and 300 around the world, reported an increase in second-quarter sales. However, the retail chain warned that it faces difficult trading conditions. "Consumers' disposable incomes will come under greater pressure from increased VAT rates and public spending cuts," M&S said in a statement. International Business Times (07 Oct.) - IKEA garners almost 10% market share in UK
More than a third of British families have bought products from IKEA in the past three years and almost 10% of all furniture bought in the UK comes from the Swedish retailer. IKEA has 18 outlets across Britain, but it is becoming an increasingly important retail presence there. Telegraph (London) (07 Oct.) - CEO declares Sainsbury's leader of the pack
Justin King, chief executive officer at Sainsbury's, said the supermarket group has risen to the top. "It is very clear that we have reported the best performance [of the big four supermarkets] over the last three to four months," King said. "When you look at everybody, we're not a nose ahead -- we are a good way ahead." The Guardian (London) (06 Oct.)  | Access 20 career experts — for a bargain price
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 - Spain's Mango plans push in China
Spanish clothing retailer Mango plans to bolster its store count in China by as many as 220 outlets next year. The company is aiming to capitalise on China's growth to bolster its sales in the Asian nation. "China is growing incredibly fast and has the most potential for store openings," said Isak Halfon, expansion director at Mango. Bloomberg (06 Oct.)  | Increase Sales with the TRUSTe Seal
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 | E-commerce Spotlight |  | | | | Spotlight on Consumer Electronics | | | | - Apple's iPad becomes unprecedented runaway success in Australia
Apple's iPad is being adopted more quickly than any non-phone technology device ever, according to a new study. Apple has been selling its tablet computer at a pace of 4.5 million per quarter. "The iPad did not seem destined to be a runaway product success straight out of the box ... by any account, the iPad is a runaway success of unprecedented proportion," said Colin McGranahan, a retail analyst at Bernstein Research. The Sydney Morning Herald (Australia) (07 Oct.) | NRF News | | | | - NRF forecasts 2.3% increase for 2010 US holiday sales
After an almost flat 2009, US holiday retail sales are expected to increase 2.3% this year to $447.1 billion, according to an economic forecast released by NRF. While that growth remains slightly lower than the 10-year average holiday sales increase of 2.5%, it would be a marked improvement from both last year's 0.4% uptick and the dismal 3.9% holiday sales decline retailers experienced in 2008. Read more.
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