Thursday, October 7, 2010

Retiring Neiman Marcus CEO reflects on a career in luxury retail

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October 7, 2010News for the retail industry
 
  Industry Watch 
 
  • Retiring Neiman Marcus CEO reflects on a career in luxury retail
    Neiman Marcus CEO Burt Tansky officially retired this week, after a long and notable career in luxury fashion retail. On one of his last official tours of the store, Tansky's conversation offered insight into his lifelong passion for his chosen profession. "I can talk shoes, I can talk underwear. I can talk hats. I love to talk about the merchandise," he said. "I get excited by the results, by hot items. Are you kidding? I love to talk merchandising. I love to talk finance, too. I can talk warehouses. I can talk stores. It all intertwines." Women's Wear Daily (subscription required) (10/6) LinkedInFacebookTwitterEmail this Story
 
  • Other News
Get key demographic and market facts about any location in the U.S. on the go with the Business Analyst Online app. Download the free app now and instantly evaluate an area on-site.
  Retail Trends 
 
  • NRF CEO: Retailers are adopting new holiday strategies
    Retailers are adopting new strategies and tactics to help persuade still-cautious consumers to spend this holiday season, NRF CEO Matt Shay said in a CNBC interview. NRF predicts a 2.3% increase in holiday spending this year, a more optimistic outlook than the past couple of seasons but still lower than pre-recession levels. To increase sales, merchants must stay focused on value, pay attention to peak-time staffing, keep inventories lean and increase their use of mobile marketing and other tech tools, he said. CNBC (10/6) LinkedInFacebookTwitterEmail this Story
 
  • "Pop-up" stores take advantage of low commercial rents
    Pop-up stores lasting from a week to a month have been increasing as commercial real estate landlords are looking for any tenants, and retailers look to unload merchandise fast. The stores work best for retailers or service businesses that don't require building retrofits and have been used by a variety of companies, including small Internet firms testing out a bricks-and-mortar operation and large retailers such as Toys R Us and Borders. Reuters (10/6) LinkedInFacebookTwitterEmail this Story
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  Retail Technology 
 
  • Are emerging economies ripe for shopping by text?
    Online shopping in emerging markets lags behind e-commerce in other parts of the world, largely because of a lack of access to computers and the Internet. Seattle-based startup SlimTrader aims to change that with a new service that allows consumers to buy goods and pay for them using text-messaging technology. MIT Technology Review (10/6) LinkedInFacebookTwitterEmail this Story
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  Main Street 
 
  • 5 ways to use Foursquare, Facebook Places to pinpoint customers
    Location-based applications such as Foursquare and Facebook Places have become an important marketing tool for some small businesses, especially those such as restaurants and bars that rely heavily on foot traffic to bring in customers. Chamin Mills of Bay-Area seafood chain Pacific Catch offers a deal -- from free sweet potato fries to a free shrimp ceviche -- to customers when they use Foursquare within a few blocks of the restaurant. Experts say the first steps to using the services are to claim your site and start setting clear goals. The New York Times (free registration) (10/6) LinkedInFacebookTwitterEmail this Story
  • Prepare for weak links in your supply chain
    Far-off disasters can have a big effect on small businesses when their supply chains are disrupted, Patrick Egan writes. Experts say a plan is essential for smaller companies with fewer suppliers, where any disruption can be magnified. A limited supply chain "might make it more efficient and allow for great relationships, but it may mean that there's more at risk," said Bobby Martens of the Iowa State College of Business. BusinessNewsDaily.com (10/5) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Policy & Government Affairs 
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Interested in learning more about advertising in NRF SmartBrief? Contact Susan W. Kim at (202) 407-7877 or skim@smartbrief.com.  

  Featured Content 
 

  NRF News 
  • Everything you need to know about the holiday season
    NRF's Holiday Headquarters is now live for 2010! Complete with this year's holiday sales forecast, information on holiday hiring and historical research, the holiday headquarters is a one-stop shop for retailers gearing up for the season. Also available for download now: NRF's 2010 Holiday Survival Kit. Visit the HQ. LinkedInFacebookTwitterEmail this Story
 
  • How Sephora prepares its website for the holiday rush
    Want to take the guesswork out of Web performance this holiday season? During an Oct. 14 STORES Knowledge Series webinar, Sephora's director of e-commerce, Melanie Lucas, will discuss the technology her company is using to minimize site abandonment and key metrics that have helped with holiday forecasting and planning. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
 
  • Yum! details plan for KFC in U.S.
    Yum! Brands raised its full-year forecast, after reporting stronger-than-expected international sales at its Pizza Hut, Taco Bell and KFC chains. Closer to home, Yum! CEO David C. Novak told analysts that, while there's no quick fix for declining sales at KFC's U.S. outlets, there's a plan in place to reinvigorate the brand that includes improving restaurant operations and providing health-conscious consumers with balanced grilled-chicken options. The Seattle Times/The Associated Press (10/6) , The Wall Street Journal (10/6) LinkedInFacebookTwitterEmail this Story
  • Other News
Expert career advice — for a bargain price
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  Career Track 
Inventory Control AnalystCastle Megastore GroupTempe, AZ
Key Account Manager- InternetChanel IncNew York, NY
Retail Solution/Application ConsultantMicroStrategyChicago, IL
Branch Head, Field OperationsHeadquarters Marine Corps/Marine Corps ExchangesQuantico, VA
Merchandising Branch HeadHeadquarters Marine Corps/Marine Corps ExchangesQuantico, VA
Director Non Perishable Food SalesMeijerChicago, IL
Buyer/Merchant (Foods Merchandising)MeijerGrand Rapids, MI
Branch Head Logistics & CommunicationHeadquarters Marine Corps/Marine Corps ExchangesQuantico, VA
Director of StoresConfidentialLos Angeles, CA
General Merchandising Manager (GMM)A'GACI, LLC.Los Angeles, CA
ControllerPacific Gateway ConcessionsSouth San Francisco, CA
Associate Buyer (Merchant)Zale CorporationIrving (DFW), TX
IT Development ManagerThe Timberland CompanyStratham, NH
Retail Merchandise ManagerHallmark CardsKansas City, MO
Web Analytics ManagerNeiman MarcusDallas, TX
Director of Strategic PricingGuitar CenterWestlake Village, CA
Inventory Accountant - IntermediateFollett Higher Education GroupOak Brook, IL
Manager, Strategic Retail PricingCVS CaremarkWoonsocket, RI
Lead Business Systems Analyst - CRMChico's FAS, Inc.Fort Myers, FL
Senior Retail Marketing ManagerCabela'sSidney, NE
VP of Business Systems & Process Implementation / AdministrationDick's Sporting GoodsPittsburgh, PA
Head of eCommerce OperationsCrate and BarrelNorthbrook, IL
North America Retail Accounting ManagerNike, Inc.Portland, OR
eCommerce Web BuyerBelkCharlotte, NC
Website AnalystFollett Higher Education GroupOak Brook, IL

  SmartQuote 
I don't set trends. I just find out what they are and exploit them."
--Dick Clark,
American radio and television personality


 
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