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   | Global retail industry news |  | | |  | - Wesfarmers sends powerful message to hardware rivals
Wesfarmers has sent a strong message to its competitors by opening 18 new Bunnings hardware stores. The $600 million investment in New South Wales shows that Wesfarmers is prepared to do what it takes to keep its top spot in the $37 billion home-improvement sector. The new stores strengthen Bunnings' position, lock out rivals and show that Wesfarmers is willing to invest in Bunnings. The Age (Melbourne, Australia) (28 Sep.)       | Reshaping Enterprise Workforce Management Software
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 - IKEA aims to increase sales at French stores by 2.6%
Swedish furniture retailer IKEA is reducing prices at its French stores to entice cost-conscious consumers and bolster sales by 2.6% or more this financial year. The retailer also plans to invest more than $1.33 billion to launch 12 new stores and up to eight shopping centres in France over the next decade, according to Stefan Vanoverbeke, the company's CEO for France. ForexYard/Reuters (28 Sep.) - Study: Counterfeit goods are on the rise in Russian retail
Counterfeit goods make up 24% of sales in nine top-selling Russian retail sectors, including cosmetics, shoes and alcohol, found a new report from Moscow's Higher School of Economics. The findings are an about-face for Russia's retail industry. "We no longer see a decrease in the number of counterfeit popular brands in Russia: earlier positive trends became negative under the pressure of the financial crisis in 2008-2009," according to the report. Inside Retailing Online/Agence France-Presse (27 Sep.)  | Think you're saving money by not investing in new technology? Today's technology can deliver higher performance at reduced costs. Consider this: five years ago, a 22 page per minute workgroup color printer cost $2,000. Today, its service contract can cost up to $514. You could replace it with a brand new 30 page per minute Xerox color printer for as little as $349. Which makes more sense? Now's the time to take action. Trade-in your old printer and save. |
 - Bharti Retail to open its first hypermarket in western India
Bharti Retail has been expanding in the north of India and is planning to next tackle the western part of the country with a hypermarket in Mumbai, according to an executive. The company also plans to establish a distribution centre on the highway between Mumbai and Pune. "Our strategy is to consolidate presence in one market, before expanding to another geographic region," a representative of the retailer said. Business Standard (India) (28 Sep.)  | Do People Trust Your Brand?
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 - Study: More Canadians are spending money online
About 39% of Canadians older than 15 shopped online last year, up from 32% in 2007, according to government data. Statistics Canada also said Canadian consumers increased their online spending from $12.8 billion in 2007 to more than $15 billion last year. However, average transaction prices dropped from $183 to $158 over the same period. Toronto Sun/QMI Agency (27 Sep.)  | Stop waiting for checks that are "in the mail."
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 | Spotlight on Grocery |  | | | - Sainsbury's looks to China for growth
Sainsbury's would be going up against Tesco in the world's fastest-growing grocery market if it decides to enter China. The move would be Sainsbury's first foreign venture since it exited Shaw's, its US business, six years ago. The UK grocery giant said it is looking into the feasibility of such an expansion. The Guardian (London) (26 Sep.) | NRF News | | | | - How to set up a cross-border e-commerce platform
Online payments expert Souheil Badran of First Data says most retailers find that cross-border e-commerce websites are worth the effort. However, newcomers face daunting challenges including dealing with the global network of acquiring banks, legal and regulatory concerns, different payment types and taxes, currency conversion and fraud, and credit risks. In a recent Q-and-A, Badran shares tips for global expansion made easy. Read more.
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