| Global retail industry news |  |
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 - Australia's Westfield keen to expand into Europe
Westfield is bidding for projects in Italy and Belgium as the Australian shopping centre company strives to expand further into Europe. Westfield runs nearly 120 shopping centres around the world, including malls in London's Shepherd's Bush and Stratford. Frank Lowy, founder of Westfield, said the company is interested in new markets. The Independent (London) (22 May.)       - Retailers appear interested in buying Mothercare properties
Mothercare recently confirmed that it plans to shut down more than 110 stores, prompting interest from a handful of retailers keen to take over the locations. Discount stores have been scooping up sites left behind by other retailers. For example, B&M Bargains has bought 11 stores from Ernst & Young, administrator of Focus, the DIY chain. The Independent (London) (22 May.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a FREE whitepaper. |
 - Future Group to open new gourmet food stores called Foodhall
Future Group is expanding its footprint in India by opening new gourmet food outlets. The first Foodhall, as the stores will be called, will open this week in Palladium, the most luxurious shopping mall in Mumbai. "The Foodhall concept takes customers to the next level of food retailing; it is different from anything we have done before and also from what any retailer has attempted in India," according to Damodar Mall, president of integrated food strategy at Future Group. The Economic Times (India) (23 May.) - Milan Station shares soar on Hong Kong trading debut
Shares in Milan Station, a second-hand upscale handbag retailer, rose as much as 77% on their debut trading day in Hong Kong following its hot initial public offering. Milan Station's shares reached HK$2.96 in early trading, up from its IPO price of HK$1.67. Milan Station runs about 10 outlets in Hong Kong along with branches in Macau, Taipei and Beijing. Google/Agence France-Presse (23 May.)  | Three Trends Causing Paradigm Shifts in Online Retail
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 | E-commerce Spotlight |  | | | - CatchOfTheDay puts pressure on Coles and Woolworths
CatchOfTheDay, an online retailing upstart in Australia, is ramping up the competition with Coles and Woolworths. Gabby Leibovich, co-founder of CatchOfTheDay, said the firm's site GroceryRun.com.au will slash customers' grocery bills. "We're getting into the grocery space," Leibovich said. "We're going head-to-head against Coles and Woolworths. Everyone buys groceries, and we can clearly show that you can save 50% of your bill with us." The Sydney Morning Herald (Australia) (23 May.) | Spotlight on Mass Merchandise | | | | - Wal-Mart forms London team to look at opportunities in Europe
Wal-Mart Stores, the largest retailer in the world, is establishing a team in London to look into opportunities for mergers and acquisitions in Europe. Wal-Mart has made some inroads into Europe, including its ownership of the British supermarket chain ASDA, but it has faced challenges as well. In 1997, Wal-Mart bought the German chain Wertkauf. The retailer was not as profitable as Wal-Mart had projected and it was sold in 2006. The Independent (London) (22 May.), Reuters (22 May.) | NRF News | | | | - Pier 1 Imports CIO to headline NRFtech 2011
Registration has officially opened for the premier technology leadership event of the year -- NRFtech 2011. This year's event will feature Andrew Laudato, senior vice president and chief information officer of Pier 1 Imports, as the official emcee. During the conference, 14 to 16 Aug. at the Hyatt Regency Resort & Casino in Lake Tahoe, Nev., Laudato will share his insights on how to create productive technology systems that support innovative retail concepts. Learn more.
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