  | January 5, 2011 | News for the retail industry |  |  | |
- Downturn drives growth at Limited Brands, CEO says
The recession turned out to be a good thing for Limited Brands because it spurred the company to focus on running its domestic operations more efficiently while seeking future growth through international expansion, CEO Les Wexner says. The parent of Victoria's Secret and Bath & Body Works booked record sales in 2010. Portfolio.com (1/4)       - Sears appoints new apparel and retail execs
Sears named 30-year retail veteran Lana Cain Krauter as president of its apparel division and promoted Deidra Cheels Merriwether to head its retail services group. Most recently, Krauter was president of Florida-based Bealls Department Stores, and her resume includes stints at J.C. Penney and Goody's Family Clothing. Merriwether has worked at Sears since 2001, most recently as senior vice president of procurement and finance. Crain's Chicago Business (1/4) - Best Buy reported to plan gadget buyback program
 Best Buy reportedly plans a program in which it would buy customers' used laptops, TVs and other consumer electronics devices for a percentage of the original price. Customers will receive store credit rather than cash for their trade-ins, reports say. Gizmodo (1/3)  | |  | | | Multichannel Retailing 2010: Facts, Issues, and Opportunities for Growth.
Most retailers operate with a combination of stores, websites and other channels. But what is really being achieved with the extension of multichannel retailing, and which challenges and opportunities do you need to address now to stay competitive in 2011? Find out with this free, in-depth market research. | |  |  |  |
- Deckers CEO: Luxury has become more accessible
 Luxury products didn't disappear during the recession, they just became more accessible, says Angel Martinez, CEO of Deckers Outdoor. The leader of the company that sells the popular sheepskin-lined Ugg boots shares his thoughts on what consumers want in luxury brands, how the footwear market weathered the recession and how the downturn shifted shopping patterns. Investor's Business Daily (1/4) - Shopping centers begin to fill space as retail improves
Vacancy rates at shopping centers began to fall in the fourth quarter of 2010, but rents remained relatively flat and retailers continued to be cautious about the strength of the economic rebound. "Without clear signs of a strong economic and labor-market recovery, we expect this trend to persist over the next couple of quarters until there is more clarity in the direction of the economy," said economist Ryan Severino. The Wall Street Journal (1/5) - Wall Street ponders retail sales for 2011
Major retail chains are expected to release December sales results and earnings forecasts this week, and Wall Street analysts predict a 3.4% increase in same-store sales. Yet questions remain about how high unemployment and rising gas prices will allow the consumer spending spree to continue. Yahoo!/Reuters (1/4)  | Gain insight into the overall health of U.S. businesses and how to leverage new tools to better manage business, while reducing risk exposure. View our on-demand Webinar Gain a clearer picture of small-business risk in an uncertain market. |
 - More brides go online to manage gift registries
A growing number of brides created gift registries online in 2010, and 79% of engaged couples used only the Internet to manage their registries, according to data from The Knot. Couples also reported turning to the Web for help in registry planning more often than they relied on advice from friends and family. InternetRetailer.com (1/4)
| NRF News |  | | | - Retail's BIG Show preview now available
Want the history behind the show? STORES Media takes a historical look at the retail industry over the past 100 years as NRF's Annual Convention attendees gear up for next week's event. Also in the preview is a New York City dining guide, noting venues that have made a mark on some of our retail forefathers. Read more.
| Chain Restaurant News | | | | - Culver's new menu is more health-conscious
Culver's didn't have to tweak its menu when it rolled out its new Mindful Choices program, which aims to highlight the chain's more healthful offerings. The company best known for ButterBurgers has listed the nutritional value of its dishes in restaurants and online for the past decade, including several full meals under 500 calories, a spokesman said. QSRWeb.com (1/4)  | |  | | The Buzz(CORPORATE ANNOUNCEMENTS)
In "How The Vitamin Shoppe Answered the Inventory Question," Tony Truesdale (President & Chief Merchant) and Jason Scheffer (Director of Inventory) discuss how the company quickly raised turn & in-stocks while reducing working capital needs prior to The Vitamin Shoppe's successful IPO. Visit 4R @ NRF - Booth 436 - to learn more.
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90% of retailers surveyed say their companies has been victims of ORC in the past year. Source: 
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