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April 23, 2012

  Top Story 
 
Retail companies are finding that mobile technology combined with online and desktop systems can put the power of maps, data, and knowledge wherever it is needed. But the result can also be an expensive mistake. Learn about the right ways to connect your company to market knowledge in Part 2 of this Best Practices Series. Click here to download a free copy.
  Industry Tracker 
 
  • Bargain-type retailers driving growth for shopping centers
    Demand for retail space is growing, driven by discounters, grocery store chains, off-price apparel retailers, fast food and fast casual dining concepts, reports the ChainLinks Retail Advisors Spring 2012 Retailer and Restaurant Expansion Guide. Growth from these retailers will lower vacancy rates in shopping centers, the report found. However, low demand for mid-priced chains and planned closures of big box stores will counteract this growth. CoStar Group (4/18) Email this Story
  • Other News
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  Retail News 
  • Record Store Day and the future of music retail
    Saturday marked the fifth annual Record Store Day and long lines of music fans turned out at many of the country's surviving brick-and-mortar LP and CD stores, to celebrate an industry that many say may be dying out. CD sales have fallen as much as 20% per year since 2007, digital music sales rose to 50% of the market for the first time last year and tablets and the next generation of laptops are being built without CD drives. The Seattle Times (4/20) Email this Story
  • How department stores can play to their strengths
    Selfridge's London flagship has revamped its fashion departments to better reflect each designer's brand and beefed up its collections of ready-to-wear apparel from brands including Lanvin, Givenchy and Alexander McQueen. The changes are part of a larger effort to keep the department store relevant to consumers who have more options than ever before, says creative director Alannah Weston. The Globe and Mail (Toronto) (4/21) Email this Story
  • Lowe's elevates Damron to COO role
    Lowe’s will make current executive vice president of store operations Rick Damron its new chief operating officer as of May 5. Current CEO Robert Niblock has reduced Lowe's workforce and shuttered stores. Damron will focus on improving the company's online operations. Bloomberg Businessweek (4/19) Email this Story
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  Business Best Practices 
  • 5 etiquette rules you should never forget
    Business etiquette might sound stuffy and outdated, but following certain rules is really just about making other people feel good, Eliza Browning writes. Sending a thank you note, acknowledging the contributions of each person and ignoring gadgets to focus on another person are all "positive" actions, she writes. Inc. online (4/17) Email this Story
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