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January 22, 2013News for the retail industry

  Top Story 
 
  • CEO: Agility, teamwork drive Saks' success
    Nimbleness and an ability to adjust to change helped Saks weather the downturn and come out stronger, says CEO Stephen Sadove, who is the incoming NRF chairman. In this interview, he shares his views on how technology is driving change and what the next big challenges are for the retail industry. STORES magazine (1/2013) LinkedInFacebookTwitterEmail this Story
 
Comparing Competitor Price Monitors
Most competitor price monitors crawl websites to search for identical items based on the manufacturers' SKU or model information. The alternative method is to map products based on attributes. Learn the pros and cons of each method and identify the best solution for your purposes.
  Industry Watch 
  • First lady sports J.Crew, Thom Browne for inauguration
    First lady Michelle Obama wore a bejeweled belt from J.Crew around her custom Thom Browne coat during Monday's inauguration ceremonies. The retailer has long been a favorite of the first lady. "It's an incredible part of American history and to be a part of it is probably one of the most poignant honors I can imagine," said J.Crew president and creative director Jenna Lyons. USA Today (1/21) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart makes "zero tolerance policy" for suppliers
    Wal-Mart will cut ties with any global supplier that it finds has subcontracted work to other factories without the company's knowledge, under a new policy that takes effect March 1. The policy was formulated after apparel bound for the retailer was found in a burned-out Bangladesh factory where a fire killed 112 workers. The Wall Street Journal (1/21) LinkedInFacebookTwitterEmail this Story
5 tips for managing negative online comments
The Internet gives your customers a voice online, but what can you do when that voice is yelling negative comments? With 5 tips, you can learn how to positively respond and help direct the conversation. Read the article and learn the 5 ways to respond positively.

  Retail Trends 
 
  • Warm winters wear on outdoor retailers
    Last winter was the fourth-warmest in U.S. history, and so far this one isn't shaping up to be much colder, a challenge for sellers of boots and other outdoor footwear. "This is the second winter in a row where there’s not been a demand for true insulated footwear, so we’ve got to be even more cautious for next year," said Bob Greenly, owner of Trailfitters in Duluth, Minn. Women's Wear Daily (subscription required) (1/21) LinkedInFacebookTwitterEmail this Story
  • Which fashion brands will win over global middle class?
    The global middle class, defined as people who spend between $10 and $100 per day, is emerging more rapidly in developing nations, which are expected to be home to four-fifths of the group by 2030. Most won't have budgets that stretch to luxury brands, instead favoring mid-priced and fast-fashion labels such as Zara and Next, according to consultancy Roland Berger. Reuters (1/21) LinkedInFacebookTwitterEmail this Story
 
A Retailer's Guide to 'Demand-Driven' (+Gartner Research)
Consumers today have access to endless input and decide in moments. Discover how the demand-driven supply chain responds quickly to changing consumer preferences and supports demand shaping, while pre-emptively positioning inventory. This has far-reaching impacts on the enterprise and supplier community, not to mention the top and bottom line.

  Main Street 
 
  • N.J. wine chain launches flash-sale site
    New Jersey-based Bourbon Street Wine & Spirits owner Michael Wade has grown the chain from one store to nine, and is now dipping his toe into online sales with the launch of flash-sale site WineFlash.com. "What made it work for us is the things we thought were basic for retail stores — like helping distributors unload their trucks — gave us a good reputation in the industry over the years, so we get in touch with different suppliers and get the wines we want pretty simply." NJBIZ (New Jersey) (1/21) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  NRF News 
  • "Container cliff" threat renewed as contract deadline approaches
    NRF and Hackett Associates’ monthly Global Port Tracker report shows volume at America’s major retail container ports is expected to rise 2.3% in January over the same month last year. But with the International Longshoremen’s Association and U.S. Maritime Alliance contract extension ending on Feb. 6, retailers are exercising contingency plans in the event a resolution is not reached in time. “The threat of closing down nearly half our nation’s port capacity has only been postponed, not eliminated,” NRF Vice President for Supply Chain and Customs Policy Jonathon Gold said. Read more. LinkedInFacebookTwitterEmail this Story
 
  • 3 essential truths, golden rules to live by in the digital age
    Pulling off on omnichannel approach is complex, but it has quickly become an expectation of shoppers everywhere. Industry guru Oliver Walsh, whose creative agency has provided thought leadership for luxury fashion brands like Tory Burch, Balenciaga and Armani, neatly outlined areas that retail executives should be planning for in this new digital reality, and why delivering a singular experience of your brand online and offline can no longer be an exception to the rule. Read more. Shop.org Blog (1/15) LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF | Govt Relations | NRF Events | STORES | NRF Foundation

  Chain Restaurant News 
  • Quickservice chains and the high cost of food
    Restaurant chains spend about one-third of their sales on food and beverages, and the tab is on track to rise again this year as commodity costs increase, making it tougher for operators to shore up the bottom line. "The problem now is that the economy is in such distress that it’s difficult to raise prices," said CKE Restaurants CEO Andy Puzder. QSR Magazine (1/2013) LinkedInFacebookTwitterEmail this Story
 
Position TitleCompany NameLocation
Assistant BuyerEverything But WaterOrlando, FL
Merchandise BuyerEverything But WaterOrlando, FL
Journeyman Meat Cutter - Indianapolis MarketMeijerGreenwood, IN
Marketing Manager GFS Marketplace Grand Rapids , MI
Vice President of StoresKitchen & CompanyWilmington, DE
Selling Manager - Women's ShoesSaks Fifth AvenueMiami / Dadeland, FL
Immediate Opening for Experienced Transactional Real Estate Attorney ConfidentialSan Francisco, CA
Brand AmbassadorSaks Fifth AvenueBal Harbour, FL
Vice President of MarketingSleep ExpertsCarrollton, TX
Safety Program Manager CarMaxRichmond, VA
Century 21 Department Stores eCommerce Project ManagerCentury 21Secaucus, NJ
BuyerCentury 21 Department Storesnew york city, NY
Oracle Merchandise Operations Management Consultants Oracle America IncNationwide, United States
Director of MarketingSaks Fifth AvenueHuntington Station - Long Island, NY
VP MarketingLittle SwitzerlandSt. Thomas, USA Virgin Islands
Click here to view more job listings.

  SmartQuote 
It ain't what they call you, it's what you answer to."
--W.C. Fields,
American comedian, actor and writer


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