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January 11, 2007News for the retail industry

  Industry Watch 
 
  • Is Sears eying Gap?
    Sears Holding Corp. is in an interesting position, as sales continue to decline while 2006 profits are actually expected to beat Wall Street forecasts. That news sent shares up 3.5%, and also fueled ongoing speculation that the retailer might be ready to buy another company -- perhaps Gap Inc. Chicago Sun-Times (1/11) LinkedInFacebookTwitterEmail this Story
  • Boston awaits its first Best Buy location
    Best Buy will open its first Boston store in the spring, after signing a contract to lease three floors of the former Virgin Megastore for 10 years. The electronics retailer will offer a Magnolia Home Theater store in the building in addition to its regular store offerings. GlobeSt.com (1/10) LinkedInFacebookTwitterEmail this Story
  • Home Depot partners with NFL: The Home Depot's partnership with the National Football League gives the retailer marketing rights to the Pro Bowl, the Super Bowl and NFL Network-related programming, and moves the home improvement chain deeper into the pros. American City Business Journals/Atlanta (1/10) LinkedInFacebookTwitterEmail this Story
  • Other News
Gain loyalty and profits by giving more control to your customers... There is a major trend amongst consumers to control how, when, and where they are marketed to. Instead of fighting these forces, work with them to lock-up loyalty, drive up comp store sales, and gain control. Download this free white paper to learn the how to create a breakthrough Permission Marketing Loyalty Solution.
  Retail trends 
 
  • Idaho workers cross state line for higher minimum wage
    Washington pays the highest minimum wage in the nation, just under $8 per hour, while neighboring Idaho maintains the federal minimum of $5.15. Surprisingly, higher payroll costs have not led to losses in jobs or profits for Washington businesses, or for Idaho employers who have raised pay to prevent workers from jumping the border for jobs. NYTimes.com (1/10) LinkedInFacebookTwitterEmail this Story
  • Other News
  • Other News
 Make your in-store digital ads sing.
MCosm's newest software solution, mCast, allows you to create, manage, deploy and change digital media on the fly. Using a single Web application, you can dynamically change specific computer displays throughout your retail locations, in real-time. Visit us at NRF07, Booth 329, to see why mCast is the best way to manage promotional content throughout a store or chain. See a demo.
 

  Retail Technology 
 
  • Web site helps auto dealers communicate with women buyers
    AskPatty.com trains the male dominated industry of auto dealers in communicating with women, who are estimated to influence more than 80% of car and truck purchases. The site also educates women on all car issues, and certifies dealerships as female-friendly when they pass a course concerning communication with women. Chicago Tribune (1/10) LinkedInFacebookTwitterEmail this Story
Retailers redefine shopping for omnichannel
Whether it's having Wi-Fi in the store that encourages customers to simultaneously browse online inventory or new data-driven models for supply chains that prioritize customer needs, retailers need trusted technology and partnerships to help them anticipate, execute and succeed. This report explores how top retailers are redefining their operations for omnichannel. Download now
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  Policy & Government Affairs 
The Buzz(CORPORATE ANNOUNCEMENTS)

Merchant Risk Council 5th Annual Conference. Partners for Change: Strengthening Risk Management, Wynn Las Vegas, March 14 - 15, 2007. The annual conference brings together industry card-not-present, risk management and alternative payment professionals to discuss data security and solutions to fight online fraud. Visit www.merchantriskcouncil.com for more information.

PLM for Retail is a soaring concern where quality is king. Apparel/footwear, hardlines, consumer electronics, and grocery retailers know this first-hand. TradeStone Software dramatically reduces the design to delivery cycle for new seasons and programs, increases sell-through at IMU, and protects gross profits. Visit us at NRF Booth #565 or download our Executive Whitepaper, The Cost of Quality, today!

RSAG's Sourcing & PLM Report written by Paula Rosenblum
Sourcing and Product Lifecycle Management have emerged as vital and strategic components of the successful retail enterprise. Find out why adding private label products to the merchandise mix does more than improve gross margin; it drives sales. Download a complimentary copy.

Interested in learning more about advertising in NRF SmartBrief? Contact Susan W. Kim at (202) 407-7877 or skim@smartbrief.com.  

  NRF News 
  • RAMA announces finalists for coveted RACie Award
    From sports teams to department stores, the finalists up for this year's RACie Awards have proven they have what it takes to create award-winning advertising and marketing campaigns. The RACie Award - Retail Award for Creativity, innovation and excellence - is the retail advertising and marketing industry's most coveted honor. It is presented by the Retail Advertising and Marketing Association every year at its Retail Advertising Conference in Chicago. The award honors the brightest and most creative visionaries in retail advertising and marketing. Click here for more information. LinkedInFacebookTwitterEmail this Story
  • Date change for release of Retail Horizons: Benchmarks 2006 Forecasts 2007
    Retail Horizons: Benchmarks 2006 Forecasts 2007, the definitive state of the industry report, will be released for the first time during NRF's BIG Show in a special session on Tuesday, January 16 at 1:45 pm, after the Annual Retail Industry Luncheon. Discussing the report's findings will be Jeffrey Gordman, President and CEO, Gordman's, Inc; Linda LoRe, President and CEO, Frederick's of Hollywood; Dennis Hernreich, EVP, COO and CFO, Casual Male Retail; and led by Bill Mayer, President and COO, Wells Fargo Retail Finance. Findings cover nine areas of retail operations and offer critical information on what key strategies retailers will be employing in 2007. The study, a result of interviews with more than 360 senior executives, was prepared by NRF Foundation in partnership with Wells Fargo Retail Finance. Copies of the full report will be available on January 16 at the NRF Bookstore. Click here for more information. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Ruby Tuesday slows development, revamps ambience
    Ruby Tuesday will slow down restaurant growth to 30 new stores a year to home in on growing sales at existing units. The restaurant chain will also test upgrades in 30 to 50 locations, and the new "dinner-house" look will roll out in locations across the U.S. if the revamping tests are successful. GlobeSt.com (1/10) LinkedInFacebookTwitterEmail this Story
  • Starbucks' India proposal on hold
    A Starbucks proposal to open retail outlets in India is pending while the Indian government awaits a complete business plan from the coffee giant. "Once we have their response, and if we are satisfied, we will move the proposal to the [Foreign Investment Promotion Board] for clearance," the industry secretary said. The Seattle Times (1/10) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Get out there, and do your best, and don't think!"
--Judy Rankin,
professional golfer


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