| Global retail industry news |  | | |  | - IKEA's empire continues to expand around the world
Critics of IKEA said the Swedish furniture giant would never last in the UK and elsewhere as they scrutinised everything from the retailer's store layouts to its products that come in flat-pack boxes and require self-assembly. IKEA, however, has proved to be popular as well as successful as it continues to expand across the globe. IKEA's universe includes Europe, the US, Asia and, most recently, South America. Telegraph (London) (09 Oct.)       | 10 Must-Read Articles from HBR
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 - ASDA to sell secondhand computer games
ASDA will take on specialist retailers as it launches sales of used computer games. The supermarket chain has been testing the idea. Fergal Gara, category director for music, video and games at ASDA, said the goal is to offer lower prices on secondhand games than those offered by specialists, such as HMV and Game. "We've set ourselves the target of being the best general retailer in the market. We see this as a perfect fit for ASDA. We want to offer our customers value and to save them money," Gara said. The Daily Mail (London) (09 Oct.) - Jeronimo Martins is set to post record earnings
Jeronimo Martins, the second-biggest retailer in Portugal, reported €200 million in profit last year and is expected to post record earnings this year, according to CEO Pedro Soares dos Santos. The company's Polish operations, called Biedronka, have been driving growth. Soares dos Santos said Biedronka is expected to represent 60% of group revenues. FLEXNEWS/Reuters (11 Oct.)  | Deliver only what matters the most: relevance.
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  - Japanese retailers bolster pet-related services
Supermarkets and other retailers in Japan are aiming to capitalise on consumers' love of their pets by stepping up their pet-pampering services. Aeon recently started overhauling its pet departments, while the Jusco Shinagawa Seaside store offers thousands of pet-related goods. Amazon Japan K.K. recently launched a pet-goods section on its site. Yomiuri Shimbun (Japan) (11 Oct.) - Japan's Fast Retailing opens first Uniqlo shop in Taiwan
Thousands of shoppers attended the opening of the first Uniqlo store in Taiwan late last week. China is home to more than 50 Uniqlo locations, but this is the first foray into Taiwan for Japan's Fast Retailing Group, which operates the Uniqlo stores. The company plans to launch more than 100 Taiwanese outlets in the next few years. Asahi Shimbun (Japan) (09 Oct.)  | Get a life, not a job
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 - Online card fraud declines for first time since 2007
The UK Cards Association reported a 36% drop in online card fraud in the first six months of this year. Increased awareness by consumers about the need to use anti-virus software to protect consumers and use of fraud detection software by banks were cited as contributing to the decline. However, the association warned that over the past five years, fraud losses have been up and down, so this recent drop may not be the beginning of a significant trend. InternetRetailing.net (08 Oct.)  | Gain Control of Your Most Expensive Resource
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 | Spotlight on Mass Merchandise |  | | | - CFO: Rivals hinder Costco's Australian expansion
Richard Galanti, chief financial officer and executive vice president at Costco, said that two of Australia's major retailers, Woolworths and Coles, are putting up obstacles to the US retail giant's expansion into Australia. "Our competitors, the two biggest retailers out there, we feel are fighting us at every juncture to slow down the process. ... Certainly we will open more there," Galanti said. The Sydney Morning Herald (Australia) (11 Oct.) | NRF News | | | | - 80 of the top 100 US retailers attend Retail's BIG Show
Retail's biggest names -- Wal-Mart, Kroger, Target, Walgreen and The Home Depot -- attended Retail's BIG Show in 2010. The 2011 event, our centennial celebration, will be held 9 to 12 Jan., 2011, at the Jacob K. Javits Convention Center in New York. Register by 15 Oct. and save $350. Learn more.
| SmartQuote | | | |  | Christopher Columbus, as everyone knows, is honored by posterity because he was the last to discover America."
--James Joyce,
Irish writer,
quoted for Columbus Day in the US, 11 Oct., 2010  |
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