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February 22, 2013News for the retail industry

  Top Story 
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Industry Watch 
 
  • Wal-Mart to add DIY health kiosks in 2,500 stores
    Wal-Mart is adding SoloHealth health-screening kiosks to 2,500 namesake and Sam's Club stores next month. The unmanned machines let customers test their vision, check their weight and blood pressure and answer health-related questions to create a profile they can track on repeat visits to the store. PBS (2/20) LinkedInFacebookTwitterEmail this Story
  • Lego builds on global success
    Danish toy maker Lego bucked an industry slowdown to book a 25% increase in revenue and a 35% jump in profits last year. The 66-year-old maker of brightly colored plastic building blocks, which tripled its revenue between 2007 and 2012, edged out Hasbro for second place on the list of the world's biggest toy brands. The Wall Street Journal (2/21) LinkedInFacebookTwitterEmail this Story
  • Avon's turnaround strategy means leaving some markets
    Avon left South Korea and Vietnam in 2012 and may exit more underperforming international markets as it looks to grow in more potentially profitable areas including Brazil, Russia and China, said CEO Sherilyn McCoy. McCoy has been heading a turnaround at the struggling 126-year-old beauty brand since she took the helm last April. The Wall Street Journal (2/21) LinkedInFacebookTwitterEmail this Story
  • Other News
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Retail Trends 
 
  • U.S. retailers adjust as consumers trim spending
    Wal-Mart, Burger King, Kraft Foods and other U.S. companies are pulling back on sales forecasts for the year amid evidence that the higher payroll tax that took effect Jan. 1 has shoppers tightening their belts. Some 45.7% of U.S. consumers are cutting back on spending at stores and restaurants as a result of the higher payroll tax, according to a survey released this week by NRF. The Wall Street Journal (2/21) LinkedInFacebookTwitterEmail this Story
  • Is a "physical Internet" the logistics solution?
    The current global distribution system that uses trucks and containers to get goods from factory floor to store shelf has some challenges, which Benoit Montreuil of Laval University says could be solved by collaboration and a "physical Internet." The idea, which has won attention from retailers such as Wal-Mart and Walgreens, trades standalone warehouses for open distribution hubs and creates a relay system for truck drivers to keep goods moving. FastCoExist (2/21) 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.

  Retail Technology 
 
  • Tech turns runway shows into research labs
    Designers began streaming Fashion Week shows several years ago as a way to reach out to brand fans with a first look at new styles. Now, fashion houses are increasingly using viewer data, social media feedback and early online orders as a research tool to help them gauge which new looks are likely to sell and what might work in future collections. The New York Times (tiered subscription model) (2/21) LinkedInFacebookTwitterEmail this Story
 "Dream BIG" scholarship deadline April 9
Current retail employees can submit essays and a letter of recommendation until April 9 for the chance to earn a one of 10 full-tuition scholarships to the University of Phoenix. The program allows those seeking a higher education degree to pursue career opportunities within retail while they also maintain their current job and live at home. Find out more.
 

  NRF News 
  • What will it take to thrive in the global arena?
    In today’s world, there’s really only one option -- go global, or go home. At Retail’s BIG Show in New York City, executives from MANGO, Delhaize Belgium, and Ebeltoft USA recapped a recent study of 92 retailers in 18 countries to explain which companies are exceeding customer expectations around the world and how. Read more. LinkedInFacebookTwitterEmail this Story
 
  • Smarter retail: How to build an internal incentive program
    As retail markets mature and become more competitive, more retailers are recognizing the benefits of incentive planning to better focus staff to deliver positive business results. In a STORES webinar on March 14, executives representing IBM and Perficient will provide best practices for building an employee incentive plan and techniques companies can use to better meet internal goals and objectives. Learn more or register. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF | Govt Relations | NRF Events | STORES | NRF Foundation

  Chain Restaurant News 
 
Position TitleCompany NameLocation
Retail Communications Sr. Manager - Sunglass HutLuxottica RetailCincinnati, OH
Retail Systems Project ManagerSystem OneHershey, PA
Vice President of Retail, Parks & ResortsDelaware North CompaniesBuffalo, NY
VP of MerchandisingUniversity Co-operative SocietyAustin, TX
Replenishment ManagerREIKent, WA
WW Director Digital Strategy & Platforms Johnson & Johnson Multiple Locations, United States
Director of E-Commerce DC & LogisticsFrancesca'sHouston, TX
CLIENT SERVICES BUSINESS ANALYSTKWIGreenvale, NY
Assistant Implementation ManagerKWIGreenvale, NY
Chief Financial Officer Kitchen & CompanyWilmington, DE
Director of E-CommerceKitchen & CompanyWilmington, DE
Senior Strategic PlannerTracyLockeWilton, CT
Director Loyalty Marketing REIKent, WA
Director Internal AuditUlta BeautyBolingbrook, IL
Director, E-Commerce Marketing The Yankee Candle Company South Deerfield , MA
Online Marketing Manager The Yankee Candle Company South Deerfield , MA
Social & Mobile Marketing Manager The Yankee Candle Company South Deerfield , MA
Senior Brand ManagerThe Yankee Candle Company, Inc. South Deerfield , MA
Category Sales AnalystThe Yankee Candle Company, Inc. South Deerfield, MA , MA
Director of eCommerceBelkCharlotte, NC
Sr. Business Systems Analyst - eCommerceBelkCharlotte, NC
Sr. Systems Analyst - eCommerceBelkCharlotte, NC
Delivery Manager - Master Data & Merchandising Systems SupportBelkCharlotte, NC
Delivery Manager - CRMBelkCharlotte, NC
Corporate Recruiter- MerchandisingBurlington Coat FactoryBurlington, NJ
Click here to view more job listings.

  SmartQuote 
You can do anything in this world if you are prepared to take the consequences."
--W. Somerset Maugham,
British writer


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