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March 29, 2013News for the retail industry

  Top Story 
  • Wal-Mart's entrepreneurial side starts to pay off: Wal-Mart's staff of about 1,500 engineers are almost like a startup that operates in Northern California, far from the retail giant's Bentonville, Ark., headquarters. The fast-growing tech group was tasked with charting the company's omnichannel retail future, starting with a new search engine launched last fall that has driven higher search-to-sale conversion rates, the company says. Wired.com (3/28) LinkedInFacebookTwitterEmail this Story
Getting Paid: How to Get Customers to Pay Up
Dealing with the money isn't fun, but it's a necessary evil for staying in business. While every business has their ups and downs, the key to positive cash flow is collecting payments in full and on time to keep the cash coming in as predictably as possible. Seem impossible? Learn how these small-business owners did it.

  Industry Watch 
 
  • EBay maps aggressive growth strategy
    EBay is on track to almost double its active-user count and enable $300 billion in sales annually by 2015, up from $175 billion last year, CEO John Donahoe says. The company's aggressive, three-year growth plan involves increasing competition against Amazon and transforming its reputation from auction website to fixed-price marketplace. The Wall Street Journal (3/28) LinkedInFacebookTwitterEmail this Story
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 
 
  • A cold start to spring slows March retail
    Last year's warm March brought retailers a boost in spring sales, but this year the month is threatening to go out like a lion instead of a lamb, potentially slowing sales of new spring fashions and leading to more markdowns on seasonal goods. NRF's Kathy Grannis outlines the issue in this story on The Weather Channel. Retail's BIG Blog (3/29) LinkedInFacebookTwitterEmail this Story
 
  • Report: Affluents optimistic, keeping an eye on Washington
    Wealthy consumers are more optimistic than last year, and 61% expect to shop for luxury items this year, but for many the optimism is tempered with caution as they keep an eye on issues including health care and the debt limit, according to the Shullman Research Center's Luxury and Affluence Monthly Pulse. "There's uncertainty out there, and as such, they are being cautious. They still like luxury but since 2008, when things fell apart, they have changed their buying approaches," said CEO Robert Shullman. MediaPost Communications/Marketing Daily (3/28) 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.

  Main Street 
 
  • Bookstore stays open after owner asks her customers for help
    Read Between the Lynes, an independent bookstore in Woodstock, Ill., ran into financial difficulty in 2011 after being in business for six years. Instead of closing the store, owner Arlene Lynes wrote a letter to her customers that explained the dire situation and asked them to buy a gift card or spend a little more each month. "The people who received it started spreading the word on Facebook and other social media. Then it kind of took a life of its own," said Lynes, who was able to keep the store open. Intuit Small Business Blog (3/28) LinkedInFacebookTwitterEmail this Story
Whitepaper: SDN: How do you get there from here?
Are the growing data needs of mobile, cloud, big data and social threatening today's enterprise networks? Scalable processes, a phased integration approach and the appetite to optimize over time are key components of a modern network. It's how agile organizations prepare for the data needs of tomorrow.
Explore the whitepaper to start down the path toward SDN.

  Policy & Government Affairs 
 
  • Online sales tax is upheld by N.Y. high court
    The New York Court of Appeals has ruled that online retailers must collect sales tax in the state. The ruling is in a case that combined one each from Amazon and Overstock. Illinois judges have ruled the opposite way, meaning the U.S. Supreme Court might ultimately decide the issue. Reuters (3/28) LinkedInFacebookTwitterEmail this Story
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  NRF News 
  • Sales tax fairness -- isn’t there an app for that?
    Before Congress went into its version of spring break, the Senate approved language to attach language to the federal budget resolution that would let states require online sellers to collect sales tax the same as local brick-and-mortar stores. NRF’s J. Craig Shearman recaps the week since the vote – which includes a New York Times editorial endorsing the Marketplace Fairness Act -- and a 1992 U.S. Supreme Court decision that doesn’t quite fit in the 21st century. Read more. Retail's BIG Blog (3/29) LinkedInFacebookTwitterEmail this Story
 
  • Leveraging analytics to understand the multichannel customer
    Companies committed to providing superior customer experiences face a common problem -- how to evaluate, benchmark, and improve performance across multiple channels. In a STORES webinar on April 4, ForeSee President and CEO Larry Freed will explain how retailers can go beyond listening to effectively measuring and quantifying the customer experience in ways that can help brands understand and predict future success. Learn more and register. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF | Govt Relations | NRF Events | STORES | NRF Foundation

  Chain Restaurant News 
 
Position TitleCompany NameLocation
Buyer - Basketball CategoryFootlocker.com/EastbayWausau, WI
Compliance Manager- Program Assessment and EngagementGap Inc.San Francisco, CA
Director of Retail SystemsPerry Ellis InternationalMiami, FL
Director of MarketingCity Sports, Inc.Boston, MA
Merchandise Replenishment Analyst job#3769Headquarters Marine Corps Community Services (MCCS)Quantico, VA
Click here to view more job listings.

  SmartQuote 
It is impossible to live pleasurably without living prudently, and honorably, and justly; or to live prudently, and honorably, and justly, without living pleasurably."
--Epicurus,
Greek philosopher


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