 | February 10, 2011 | News for the retail industry |  |  | |
- Best Buy may move toward "everyday pricing"
Best Buy appears poised to take a lesson from Wal-Mart as it works to reverse slowing sales growth amid competition from Wal-Mart and Amazon. The chain may shift from a promotional strategy to an everyday low-price plan, as consumers armed with real-time price comparisons via their smartphones opt to buy elsewhere rather than wait for sales. Bloomberg (2/9)       - Kmart creates Fashion Week survival kits
 Kmart plans to distribute survival kits to influential bloggers and select VIP attendees at New York Fashion Week, marking the chain's first foray into the high-profile style event, which starts today. The kits include essentials such as lip balm and breath mints, as well as instructions for tweeting requests for refills and additional items. Mashable (2/9)  - The business of Fashion Week
Fashionistas around the world love the glamor and mystique of New York Fashion Week, but it's all business for the retail buyers who determine which of the new looks will make appearances in their stores this fall. The size of a buyer's business determines the ability to negotiate on price and style modifications aimed at making high-fashion couture appeal to average consumers -- two key factors in the decision-making process. Portfolio.com (2/9) - Shoppers flock to barn sales for chic furnishings
Barn sales in suburban Washington, D.C., and other Eastern towns are gaining popularity, even though the store hours at these casual environs are erratic. Savvy shoppers are finding vintage and one-of-a-kind home accessories at reasonable prices, such as a tin chandelier for $125. The Washington Post (2/9)  | Faced with intense competition, retailers are looking for the strategies that will bring them to the forefront for the long term. Retailers are re-evaluating and revamping their technology strategies. This white paper will discuss two key strategies designed to help retailers reimagine growth including focusing on international expansion and scaling customer-centric business processes. |
 - Nordstrom president: Customers are driving e-commerce trends
Retailers are adding shopping channels in response to customer demand for immediacy, said Blake Nordstrom of Nordstrom. The chain has Wi-Fi in its stores and plans to arm its employees with mobile devices this year that will allow customers in dressing rooms to request additional items. "Customers don't care about what platform you're using. They care about the experience. The customer is defining how the experience will be," Nordstrom said. BusinessNewsDaily.com (2/9) - Major retailers track fashion with RFID
Wal-Mart, J.C. Penney and Macy's are leading the retail pack by using radio-frequency identification on apparel and footwear in their stores. There will be 750 million RFID tags in fashion markets around the world this year, according to ABI Research. That number is expected to grow by 60% annually over the next three years, driven by security and inventory concerns. SlashGear (2/8)  | Each year U.S businesses spend trillions of dollars on goods and services. Focus Research empowers buyers to spend their budget wisely by offering easily accessible and trustworthy information on vendors that support small and mid-size business operations. Download this free whitepaper that compares leading CRM vendors to ensure you choose what's best for your organization. |
 - "Ineffective," "redundant" SBA programs are eyed for cuts
A bipartisan effort to cut the Small Business Administration's budget appears to be afoot on Capitol Hill. Members of the Senate and House have written to SBA Administrator Karen Mills, asking that she outline "duplicative, ineffective, or redundant programs" for possible cuts. Her response: Wait until Monday, when the Obama administration's proposed 2012 budget will "identify SBA programs that can be further streamlined or -- in some instances -- eliminated altogether." NYTimes.com/You're the Boss blog (2/8)  | Xerox® ColorQube® solid ink printers, starting at $699.
With 90% less waste and speeds up to 40 ppm, ColorQube® is your perfect solution for affordable color printing. Plus, save up to $300 with a trade-in rebate. Enter to win an Apple® iPad™. |
| NRF News |  | | | - Projections for 2020: What will tomorrow's consumer look like?
When thinking about what to expect in retail over the next ten years, Ira Kalish, director of global economics for Deloitte Research, says it's important to review the past. In a recent BIG Show super session, Kalish highlighted the impact of the global happenings of today on the consumer of tomorrow, as well as the challenges and opportunities retailers will face in 2020. Read more. - NRF SmartStat: Feb. 10, 2011
 Consumers celebrating Valentine's Day this year will spend $1.7 billion on flowers, $1.5 billion on candy and $1.1 billion on greeting cards. Source: NRF survey conducted by BIGresearch.
| Chain Restaurant News | | | | | Career Track | | | |  | |  | | | | |  |  Merchandise Planning and Inventory Management Senior Manager | Kurt Salmon | Multiple Locations, United States | | Product Development and Sourcing Senior Manager | Kurt Salmon | Multiple Locations, United States | | Vice President - Divisional Merchandise Manager | The Vitamin Shoppe | North Bergen, NJ | | Buyer (Consumer Electronics) | Purchasing Power | atlanta, GA | | Women's Buyer/Category Manager | Meijer | Grand Rapids, MI | | Project Manager, Multi-Channel POS | Sports Authority | Englewood, CO | | Vice President, Sterling | Sterling Shoes Inc. | VANCOUVER, Canada | | VP of Marketing | Teavana | Atlanta - Buckhead, GA | | Lead Analyst, Paid Search | Target Corporation | Minneapolis, MN | | Senior Manager, Site Planning | Target Corporation | Minneapolis, MN | | | |  | |  |
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