retail news in context, analysis with attitude

• Supervalu said last week, according to the Wall Street Journal, that it is in talks with several companies that have expressed an interest in acquiring all or part of the company, though the company also said that while there have been "a number of indications of interest ... there can be no assurance that this process will result in any transaction."

• The Los Angeles Times reports that Starbucks has opened its first store in Mumbai, India, and plans to open two more next week. The openings, the story suggests, presage what is likely to be a fast-growth strategy in India, modeled on Starbucks' approach in China.

The Times writes that Starbucks "plans to have 1,500 stores in China alone by 2015, making the Asian superpower Starbucks’ second largest market. India could be on the same track. Chains such as Barista Coffee, Café Coffee Day and Java City, along with more recent foreign arrivals such as Costa Coffee and Gloria Jeans, have primed the Indian market for the arrival of massive players such as Starbucks."

HealthDay News reports on a new study presented at the American Association for Cancer Research's annual prevention conference i saying that "six cups of green tea a day may slow the progression of prostate cancer ... The notion that the polyphenol compounds found in green tea might have a protective effect against prostate cancer has yet to be confirmed outside a laboratory setting. However, this latest report builds on previous Italian research that suggested that consuming green tea extract may help lower the risk that a precancerous condition will develop into full-blown prostate cancer.

"And related research that was also presented at the cancer research conference suggested that the flavonoids found in fruits and vegetables may be associated with a lower risk of developing aggressive prostate cancer."
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