  | Global retail industry news |  | | |  | - IKEA plans to expand in China
In China, napping on the display beds at IKEA has become something of a national pastime. Chinese consumers also enjoy the retailer's culinary offerings and the general ambiance. Increasing consumer incomes are prompting IKEA to more than double the number of outlets it has in China over the next few years as the Swedish retailer strives to turn those nappers into buyers. Bloomberg (21 Oct.)      - Westfield Sydney welcomes luxury travel brand Tumi
Tumi, a leading global brand of luxury travel accessories, will launch its first ebony brand concept store in the recently redeveloped Westfield Sydney. "As a luxury brand, Tumi represents everything that the quintessential businessperson needs, and we are thrilled to offer Sydney city shoppers product that will exceed their expectations in performance, function and style," said Simon Nankervis, managing director of Busbrand. Inside Retailing Online (22 Oct.)  | Introducing SearchManager from American Express Open.
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 - Consumer demand helps boost L'Oreal's quarterly sales
L'Oreal, the largest cosmetics group in the world, said strong consumer demand for its wide-ranging products helped third-quarter sales surge 15% to €4.85 billion. "The growth is due to the improvement in market share," said L'Oreal CEO Jean-Paul Agon. "If the market is flat, the only way to grow is through market-share gains." The Wall Street Journal (21 Oct.)  | Gain insight into the true cost of a business process outsourcing (BPO) engagement — beyond what is typically reflected in the BPO provider's service price — and learn how technology, if chosen carefully and implemented well, will have a major impact on driving down these costs, both in the short and long term. Download your complimentary white paper. |
  | This report provides a review and assessment of the strategic innovation options that CPG companies should examine. It also covers the need to develop a coherent innovation strategy across categories and platforms and for alignment with overall corporate strategy: Click here to find out more. |
 - Column: Online retail growth brings increases in fraud
Matthew Spencer, head of Experian Identity at Experian, writes that the growth of the Internet has significantly affected the retail sector. Online-only retailers have flourished, prompting traditional retail companies to step up their online strategies. Along with the surge in online retailing, however, has come an increase in e-retail fraud. About 1.6% of online orders are believed to be fraudulent, according to Cybersource. InternetRetailing.net (22 Oct.)  | Gain Control of Your Most Expensive Resource
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 | Spotlight on Fashion |  | | | | NRF News | | | | - Online retailers expect strong holiday sales this season
Nearly two-thirds of US retailers expect their company's online sales to grow by 15% or more compared with last holiday season, according to Shop.org's eHoliday Study. The survey, conducted by BIGresearch, also found retailers revamping Facebook pages, investing in cross-selling on product pages and improving site search in advance of the holidays -- a smart choice as more than one-third of online shoppers say they'll be making more purchases on the Web this year. Read more.
| SmartQuote | | | |  | A committee is a cul-de-sac down which ideas are lured and then quietly strangled."
--Sir Barnett Cocks,
British politician  |
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