Monday, February 14, 2011

Macy's, Sears think locally to boost customer loyalty

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February 14, 2011News for the retail industry

  Industry Watch 
 
  • Macy's, Sears think locally to boost customer loyalty
    Macy's, Sears and PetSmart are among the top retailers using loyalty programs, locally driven marketing and in-store events to woo new customers and keep existing ones. "We've got a highly educated consumer who is probably more demanding than she's been in the past," said Martine Reardon, vice president of marketing at Macy's. "She wants to go to a retailer that understands her, is really relevant to the lifestyle she's living, and really does pay attention." Advertising Age (tiered subscription model) (2/14) LinkedInFacebookTwitterEmail this Story
  • J. Crew's creative director jumps into Fashion Week
    J. Crew's goal is to provide pieces that anyone can wear and tries to prove it by showing basic pieces such as jeans, chinos and classic cardigans in "kooky" new ways that illustrate how they might work in a specific consumer's wardrobe, said the chain's creative director, President Jenna Lyons. In this Fashion Week interview, Lyons also talks a bit about how tastes have changed this season and how the company copes with rising commodity prices. The Wall Street Journal (2/14) LinkedInFacebookTwitterEmail this Story
 
  • Best Buy goes slow to win Chinese customers
    In China, Best Buy had to learn to serve customers who wanted a vast variety of products to choose from, rather than the carefully curated offerings the electronics giant normally offers. The key was to show customers that they could have their a broad selection but still benefit from the impartial advice of Best Buy's representatives, says Kal Patel, head of Best Buy's Asia operations. "In China you cannot make revolutionary change. You have to work at the pace of the Chinese consumer." CNNMoney.com/Fortune (2/11) LinkedInFacebookTwitterEmail this Story
  • Bloomingdale's debuts decor from Diane von Furstenberg
    Diane von Furstenberg has launched her first significant foray into home decor with an exclusive line for Bloomingdale's. The iconic designer's new line includes about 500 different products for the table and another 400 for the bedroom, and products are on display throughout the department store's New York City flagship this week. Women's Wear Daily (subscription required) (2/14) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail Trends 
 
  • Other News
Get your FREE Adobe guide, Nine Easy Steps to Online Video Success, and be on your way to converting shoppers into paying customers. From how to streamline your video production to choosing the right products to spotlight, this guide provides valuable tips on how to get the most out of online videos.
  Retail Technology 
 
  • Designers move online to strike while the styles are hot
    A growing number of designers are using websites and social media to make their new looks available to buyers immediately after models step off the runway at New York Fashion Week. Norma Kavali and Cynthia Rowley started the "buy now" trend last year, and others including Perry Ellis and Betsey Johnson are jumping on the bandwagon. Crain's New York Business (2/11) LinkedInFacebookTwitterEmail this Story
Find Out Why Meetings Will Increase in 2011
The number of 2011 meetings being planned by companies will increase 8% over 2010, according to 459 meeting planners responding to the FutureWatch 2011 survey. In addition, 18% of respondents expect a significant budget increase this year; 39% foresee a slight increase.
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  Hot Topics 

Top five news stories selected by NRF SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Policy & Government Affairs 
  • California court rules merchants can't collect ZIP codes
    Retailers in California no longer can ask customers paying by credit card for their ZIP codes, the state Supreme Court ruled last week. The court determined that ZIP codes fall into the category of "personal identification information," and asking for them violates the state's consumer privacy law. Merchants often ask for the information to aid in geographic marketing efforts; a lawyer representing consumers says the ruling will help protect against credit card fraud and identity theft. Los Angeles Times (2/11) LinkedInFacebookTwitterEmail this Story
  Featured Content 
 
Most Popular Headlines from Last Week
Results based on number of times each story was clicked by readers.

  NRF News 
  • Organized Retail Crime pilot program expands nationwide
    Last week, the U.S. Immigration and Customs Enforcement announced the expansion of its Organized Retail Crime Pilot Program into an ongoing, national initiative, which will be known as the SEARCH initiative. As of February 2011, the pilot program has resulted in 38 criminal arrests, 29 indictments, and 14 convictions. These cases have also led to the seizure of nearly $4.9 million in cash, property, and monetary instruments. Read more. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: Feb. 14, 2011
    Almost 80% of retailers say they use Twitter, up from 61% in 2010. Source: Retail Horizons 2010. LinkedInFacebookTwitterEmail this Story
 
  • Are Facebook credits leading to a new social payment system?
    Thanks in part to social media sites like Facebook, retailers and customers are more connected than ever before. In an upcoming INNOVATE 2011 session, Jay Feitlinger of StringCan Interactive will discuss how interactions between retailers and customers via Facebook could be the beginnings of a near-future universal form of payment. Retail's newest show, INNOVATE 2011, will be held March 8-10 in San Francisco. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Panera Bread puts innovation on the menu
    When the recession struck, Panera Bread refused to get dragged into the fast-food price wars, and instead focused on offering full-price convenience food to affluent middle-class customers. The strategy paid off, and the chain is now planning an innovation drive to ensure continued growth. First on the menu: Steak sandwiches and a loyalty-card program for regulars. The Wall Street Journal/Dow Jones Newswires (2/11) LinkedInFacebookTwitterEmail this Story
  • KFC feeds demand for local dishes in China
    Yum! Brands-owned KFC operates 3,200 restaurants in China and commands 40% of the country's quickservice market, due in large part to its focus on hiring local managers, sourcing homegrown ingredients and tailoring its menus to Chinese tastes. Some analysts are concerned that Yum! will become too dependent on China, which is likely to comprise more than half of its global revenue by 2015. The Washington Post (2/12) LinkedInFacebookTwitterEmail this Story
 
  • Other News
  Career Track 
Merchandise Planning and Inventory Management Senior ManagerKurt SalmonMultiple Locations, United States
Product Development and Sourcing Senior ManagerKurt SalmonMultiple Locations, United States
Vice President - Divisional Merchandise ManagerThe Vitamin ShoppeNorth Bergen, NJ
District Sales Manager- Texas & Oklahoma MarketLakeshore Learning MaterialsHouston, TX
Director of MerchandisingLakeshore Learning MaterialsCarson, CA
Buyer (Consumer Electronics)Purchasing Poweratlanta, GA
Women's Buyer/Category ManagerMeijerGrand Rapids, MI
Project Manager, Multi-Channel POSSports AuthorityEnglewood, CO
Vice President, SterlingSterling Shoes Inc.VANCOUVER, Canada
VP of MarketingTeavanaAtlanta - Buckhead, GA
Lead Analyst, Paid SearchTarget CorporationMinneapolis, MN
Senior Manager, Site PlanningTarget CorporationMinneapolis, MN

  SmartQuote 
I don't care too much for money, money can't buy me love."
--The Beatles,
British rock band,
quoted for Valentine's Day, Feb. 14, 2011


 
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