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July 16, 2012News for the retail industry

  Top Story 
 
  • Retailers win $6 billion settlement in credit-card fee case
    Visa, MasterCard and some large banks will pay a $6 billion settlement to retailers across the country, temporarily lower credit-card swipe fees and allow merchants to charge more on credit-card transactions, to settle a 7-year-old price-fixing lawsuit. “What we need are changes in the rules that bring about transparency and competition that would be here for years to come," said Mallory Duncan, general counsel to NRF, which was not a party to the lawsuit. The Wall Street Journal (7/13), Bloomberg (7/13), CBS News (7/14) LinkedInFacebookTwitterEmail this Story
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  Industry Watch 
 
  • Daffy's to close all locations
    Off-price retailer Daffy's will liquidate the merchandise at its 19 stores and close down, the company said. The company reportedly hired a liquidator last week, and is expected to shutter most of the stores by the end of October. Women's Wear Daily (subscription required) (7/15) LinkedInFacebookTwitterEmail this Story
  • How Richard Perry is going to recharge Barneys
    As the new chairman of a now almost debt-free Barneys New York, Richard Perry has a plan to inject the selling floors with the same kind of energy that's found in Fred’s bistro in the Madison Avenue flagship. "With luxury shopping, it’s really important to have a good time. This is going to be a New York City mall.” Women's Wear Daily (subscription required) (7/16) LinkedInFacebookTwitterEmail this Story
  • Urban Outfitters' T-shirt sparks political debate
    Urban Outfitters' recent release of a T-shirt bearing the image of Republican presidential candidate Mitt Romney sparked national debate in some circles about whether the offering truly represents the company's political views or is an ironic offering to the largely liberal client base. National Public Radio (7/15) LinkedInFacebookTwitterEmail this Story
 
  • Other News
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  Retail Trends 
  • Report: June retail sales fell 0.5%
    Retail sales dropped 0.5% in June, after a 0.2% decline in May, amid declining demand in a host of categories including cars, consumer electronics and building materials, according to a Commerce Department report released Monday. Bloomberg (7/16), Reuters (7/16) LinkedInFacebookTwitterEmail this Story
  • Retailers get a head start on back-to-school
    About 20% of consumers started their back-to-school shopping last month, most seeing it as a way to spread the spending out over the summer months, according to a recent survey. Retailers including Staples, RadioShack and Hollister are catering to the early shoppers with discounts on school supplies and early displays of cold-weather clothes. The Indianapolis Star (7/15) LinkedInFacebookTwitterEmail this Story
  Retail Technology 
  • Virtual fitting room adoption on the rise
    Shoppers at seven malls in Southern California and a growing number of shopping centers throughout the country can step into virtual fitting rooms designed to help them find the best-fitting styles from participating mall merchants. "It's great because it streamlines the shopping process and allows people to shop more efficiently and faster, and ultimately visit more stores," said Sarah Richardson, director of marketing at Westfield Culver City. Los Angeles Times (tiered subscription model) (7/13) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by NRF SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Policy & Government Affairs 
  Sponsored Content 
 

  NRF News 
  • Retail sales slip 0.4% in June
    Persistently high unemployment, stagnant job growth, and international economic unease continue to take a toll on consumer spending. According to NRF, June industry sales (excluding automobiles, gas stations and restaurants) dipped 0.4% seasonally adjusted from May but increased by 1.7% unadjusted year-over-year. "There is no doubt consumers struggled with discretionary spending last month, but many families may be looking at this as a temporary break as they save up for back-to-school shopping in July and August," NRF President and CEO Matthew Shay said. Read more. LinkedInFacebookTwitterEmail this Story
 
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Former Beef O' Brady's chief builds fast-casual Greek concept
    Former Beef O' Brady's president Nick Vojnovic is now working to build Florida-based Little Greek, a fast-casual concept that's grown from a single family restaurant to nine units and 11 franchises expected to be in the works by the end of the year. Vojnovic first scoped out the concept by clearing tables at the original Little Greek to discover what patrons were eating and what they weren't. The Tampa Tribune (Fla.) (7/15) LinkedInFacebookTwitterEmail this Story
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Position TitleCompany NameLocation
Merchandise PlannerStein MartJacksonville, FL
Brand ManagerTotal Wine & MorePotomac, MD
Divisional Merchandising Manager, Men'sStein MartJacksonville, FL
Director of Planning Hot Topic, IncCity of Industry, CA
Assistant ManagerArmstrong Garden CentersLos Angeles, Orange County, San Diego, CA
Vice President and GM of Retail Rockler Companies, Inc.Medina, MN
Specialty Shop Planner - Action SportsREIKent, WA
BuyerPayless ShoeSourceTopeka, KS
Planner – Merchandise DistributionPayless ShoeSourceTopeka, KS
eCommerce Site MerchantREIKent, WA
Retail Buyer - HomeTargetMinneapolis , MN
Systems Analyst-SaS Application/Interface SupportPetSmartPhoenix, AZ
Director Stores - Mid-Atlantic DivisionPier 1 ImportsColumbia, MD
Lingerie Apparel BuyerCastle Megastore Group, Inc.Tempe, AZ
Director of Marketing - Palm Beach Gardens, FL StoreSaks Fifth AvenuePalm Beach Gardens, FL
Merchandise Buyer - Multiple CategoriesKohl's Department StoresMilwaukee/Menomonee Falls, WI
Cosmetics Buyer (Experience Required)Kohl's Department StoresMilwaukee, WI
Recruiting Program AnalystBurlington Coat FactoryBurlington, NJ
Director of PayrollBurlington Coat FactoryBurlington, NJ
Director of Visual MerchandiseSpirit HalloweenEgg Harbor Township, NJ
Fashion BuyerTargetMinneapolis, MN
Merchandise Planner (various categories)Kohl's Department StoresMenomonee Falls, WI
Target.com Merchandising BuyerTargetMinneapolis, MN
IT SupportTrue Religion Brand Jeans Vernon, CA
Mobile Retail and Special Projects ManagerLEGO Systems, Inc.Enfield, CT
Click here to view more job listings.

  SmartQuote 
Those who do not move do not notice their chains."
--Rosa Luxemburg,
Russian-German political theorist, economist and revolutionary


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