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March 21, 2013News for the retail industry

  Top Story 
  • Lampert to stay on as Sears CEO
    Majority shareholder Edward Lampert will remain on as Sears Holdings CEO under a new contract that sets his salary at $1 per year and calls for annual stock awards and incentives, the company said. Lampert, who took over the post after Lou D’Ambrosio resigned last month, is the fifth chief executive since Sears and Kmart merged in 2005. Bloomberg (3/20) LinkedInFacebookTwitterEmail this Story
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  Industry Watch 
  • CEO: Williams-Sonoma wins with functional kitchen "jewelry"
    Healthy eating trends, product diversity at its three brands and a strong holiday season drove strong sales and better-than-expected quarterly earnings growth at Williams-Sonoma, said CEO Laura Alber. "We are lucky that we have multiple brands across a wide range of demographics and aesthetics," she said in this CNBC interview. CNBC (3/20) LinkedInFacebookTwitterEmail this Story
  • H&M gets transparent with release of supplier list
    Sweden-based fashion retailer H&M will include a full list of its suppliers as part of its annual sustainability report, a first in an industry that in the past has considered that information proprietary. The company works with 785 suppliers and 1,798 factories in Asia, Europe, the Middle East and Africa, the report shows, and more than 50% of the brand's apparel is made at factories controlled by 148 strategic partners that are committed to the company's sustainability program. Women's Wear Daily (subscription required) (3/20) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail Trends 
  • Smartphones turn shoppers away from impulse buys
    Shoppers who used to thumb through a magazine or get a sudden candy-bar craving at the checkout counter are more likely these days to whip out their smartphones to text and tweet while waiting to pay. This trend has Hearst, Coca-Cola and others looking for new spots in the store to display their impulse items. Those feeling the shift most acutely are "retailers with more traditional checkout experience, with a lot of impulse purchases displayed and long line times," said senior director Artemis Berry. Bloomberg Businessweek (3/21) LinkedInFacebookTwitterEmail this Story
  • IMG Fashion, JOOR deal to change the way boutiques order inventory
    IMG Fashion will team with online wholesale marketplace JOOR to give small fashion shops a less time-consuming and more cost-effective way to stock their stores. JOOR lets retailers browse by trend, and its lineup of 500 designers and 30,000 buyers will give small businesses access to styles they could never afford to travel and find on their own, said retail strategist Alison Jatlow Levy. The Wall Street Journal (3/20) LinkedInFacebookTwitterEmail this Story
  Policy & Government Affairs 
  • Senate may test sales tax bill
    The Senate may attach a version of the Marketplace Fairness Act as a non-binding amendment to a broader budget bill, to determine whether the actual bill will win 60 votes. The bill would allow states to require online retailers to collect state sales tax. "We're working overtime in pushing this, talking to our members, activating our grassroots," says NRF spokesman Stephen Schatz. Computerworld (3/20), CNET (3/21) LinkedInFacebookTwitterEmail this Story
  • Why the Marketplace Fairness Act isn't a tax increase: Conservatives who oppose the Marketplace Fairness Act as a tax increase likely don't understand the bill, which would merely give states the right to require online retailers to collect sales tax from in-state buyers who are already required to pay it, writes NRF's David French. "The bill is simply a responsible, constitutional and, dare I say, 'conservative' way to permit states to keep their sales tax policies up to date." Retail's BIG Blog (3/20) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • 3 essential truths -- golden rules to live by in the digital age
    Pulling off an omnichannel approach is complex, but it has quickly become an expectation of shoppers everywhere. At Retail’s BIG Show, industry guru Oliver Walsh, whose creative agency has provided thought leadership for luxury fashion brands such as Tory Burch, Balenciaga and Armani, neatly outlined areas that retail executives should be planning for in this new digital reality. Walsh also explained why delivering a singular experience of your brand online and offline can no longer be an exception to the rule. Read more. LinkedInFacebookTwitterEmail this Story
  • Retailers: Join NRF on Capitol Hill and make change happen
    NRF is constantly pushing for retail's policy priorities on Capitol Hill, promoting job creation, strengthening swipe fee reform, pursuing comprehensive tax reform, fighting for sensible health care mandates, and protecting smart privacy policy. Now it’s retailers’ turn to meet with representatives from Congress to speak out for the industry at NRF's 78th Washington Leadership Conference, May 7 to 8. Learn more. LinkedInFacebookTwitterEmail this Story
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  Chain Restaurant News 

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  Editor's Note 
  • Correction
    An item in yesterday's NRF News misidentified a Boscov's Department Stores executive. Boscov's Senior Vice President Larry Bergman will be speaking at NRF's Global Supply Chain Summit. NRF regrets the error. LinkedInFacebookTwitterEmail this Story
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A community is like a ship; everyone ought to be prepared to take the helm."
--Henrik Ibsen,
Norwegian playwright

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