| Global retail industry news |  |
- Aldi seeks right to sell alcohol in Australian stores
The Germany-based Aldi supermarket chain has applied to sell liquor in its more than 100 locations in Australia's New South Wales. "A decision as to whether Aldi will sell alcohol in NSW will not be made until the outcome of these applications is known," it said. The move would be a direct challenge to the grocery and alcohol duopoly currently enjoyed by Coles and Woolworths. The Sydney Morning Herald (Australia) (11 Mar.)       - China's Powerland plans to float on Frankfurt stock exchange
Powerland, the Chinese leatherware retailer, became the third company in two days to announce its plans to launch an initial public offering on Frankfurt's stock exchange. Powerland plans to use the proceeds to continue its expansion in China. "The Chinese market for luxury products offers strong growth potential driven by continued urbanisation, increasing consumption levels and the emerging middle-class in China," the company said. ForexYard/Reuters (11 Mar.)  | Retail in Europe |  | | | - Khasis resigns as CEO of Russia's X5 Retail Group
Andrei Gusev, deputy chief executive officer at X5 Retail Group, is poised to succeed CEO Lev Khasis, who has led one of the largest food retailers in Russia for the past five years. X5 said the change comes as the company is in the middle of an aggressive expansion plan. "We like Gusev. X5 is currently in the phase of very active growth, and he is just the person who can load himself up with it," Renaissance Capital analyst Natalya Zagvozdina said. Reuters (10 Mar.) - Lasko receives 3 bids for 23.3% stake in Mercator
Pivovarna Lasko Group said it received bids from Agrokor of Croatia, Mid Europa Partners and Warburg Pincus for its 23.3% holding in Mercator Poslovni Sistem. Mercator, which is the Balkans' largest publicly traded supermarket chain, saw its shares advance for three straight days in Ljubljana. Bloomberg (10 Mar.), Reuters (10 Mar.)  | On-Demand Web Conferencing and Collaboration-Anywhere. No need to scramble for conference rooms when you can instantly connect employees, customers or students online. Cisco WebEx supports 10 million subscribers each month with easy-to-use web applications. It's free, it's easy, it's WebEx . . . try it today. |
 - Analysis: Valuations of online fashion retailers raise concerns
Online fashion retailers, such as Yoox and Asos, have become investor darlings, but valuations are starting to stir memories of the dot-com bubble. Yoox, for example, is trading at 44 times its predicted earnings for 2011. Burberry Group, a traditional luxury retailer, is, by contrast, trading at 20 times its forecasted 2011 earnings. The Wall Street Journal (11 Mar.)  | Health care reform got you down? Learn more from UnitedHealthcare on how the federal changes to medical benefits will affect you and your employees. This comprehensive guide highlights incentives for enrollment and a timeline of important dates and deadlines. Don't let them pass you by—Learn more here! |
 | Spotlight on Fashion | | | | - H&M, Inditex surpass once-hot Benetton
Benetton Group raised controversy in the 1980s with an edgy advertising campaign, but the Italian clothier has struggled to keep up with its nimbler rivals, including Inditex and H&M. Benetton has clung to creating seasonal designs while other fashion retailers jumped on the fast-fashion bandwagon. "Benetton has missed out on the mass fashion wave of the past 10 years and lost the opportunity to be a fashion chameleon," said Luca Solca, an analyst at Sanford C. Bernstein. "The risk is the brand could always feel somewhat passe." Bloomberg Businessweek (10 Mar.) | SmartQuote | | | |  | One of the things I learned the hard way was that it doesn't pay to get discouraged. Keeping busy and making optimism a way of life can restore your faith in yourself."
--Lucille Ball,
American actress and comedienne  |
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