 | February 2, 2011 | News for the retail industry |  |  | |
- Gap brand president to depart
Gap brand president Marka Hansen will leave the company on Friday, after four years as president and 24 years with Gap. The move comes as the retailer works to recover from a disappointing holiday season and five years of declining same-store sales. "After several conversations, Marka and I agreed this was the right time for a change in the organization in order to take Gap brand to a new level," said Gap Chairman and CEO Glenn Murphy. The Wall Street Journal (2/2)       - TJX names new president and extends CEO's tenure
The parent company of T.J. Maxx and Marshalls announced it extended CEO Carol Meyrowitz's contract for two years and promoted executive Ernie Herrman to president. As part of its succession-planning efforts, TJX also named Nan Stutz to head HomeGoods and TJX Canada and Michael MacMillan to lead the Marmaxx Group. Boston Herald (2/1) - Mountain Equipment reinvents itself amid changing trends
 Canada's top outdoor-gear retailer has been retooling its offerings to meet changing demand as the country's leisure-time pursuits shift. Led by CEO David Labistour, 40-year-old Mountain Equipment Co-op recently added bicycles and is creating more stylish apparel for the growing number of urban residents who prefer running and biking to skiing and hockey. The Globe and Mail (Toronto) (1/31)  | Increase daily productivity with comprehensive modern software. Consistently dependable office tools from Microsoft Online Services can reduce employee downtime on-premises and in the cloud. Learn more about implementing IT strategies with reduced operational costs in this free whitepaper. |
 - Teen retailers to stop reporting monthly sales results
Abercrombie & Fitch, Aeropostale and American Eagle Outfitters will report monthly same-store sales results for the last time this week, a move some analysts say more retailers are likely to follow as executives worry that the practice puts too much focus on short-term results. Several other chains, including Ann Taylor, Chico's and Wal-Mart, have stopped reporting monthly in recent years. Bloomberg (2/2) - Big-box merchants banking on additional services
Retail chains including Kmart, Best Buy and Wal-Mart are experimenting with financial services such as check cashing, bill-paying kiosks and money transfers for the millions of Americans who don't have bank accounts. Alternative financial services represent a $320 billion industry, and it's expected to grow as banks raise checking account fees and price more low-income consumers out of the market. The Washington Post (1/31) - Japan's fabric makers move into new product lines
Cheap textiles from China have hurt business at Japan's synthetic-fiber manufacturers, spurring a shift from fabric production. Factories that spent decades turning out mass quantities of yarn and bolts of fabric have retooled to create products used in offerings such as cosmetics and flat-panel TVs. Asahi Shimbun (Japan) (2/1)  |  |  | | Compare 11 Leading ERP Solutions 119 Ways
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| NRF News |  | | | - Economics 101: Retail industry committed to job creation
While retail has been at the forefront of the economic recovery, NRF has been at the forefront of providing resources to aid the industry. Visit NRF's new Retail Creates Jobs headquarters -- a place to view retail employment data, insights from top executives on retail as a career and government resources for small stores and big brands alike. Visit the HQ. - 9 out of 10 top retail companies attend NRF's LP Conference
Retail, law enforcement and industry leaders will be in Dallas from June 13 to 15 for NRF's 2011 Loss Prevention Conference and Expo. Last year, nine of the top 10 retail companies sent employees. Was your company represented? View a full list of last year's attendees or sign up now to save on conference registration. Learn more.
| Chain Restaurant News | | | | - Denny's embraces its diner image
Denny's, via its first campaign from Interpublic Group's Gotham, is rebranding itself as a diner. The TV spots offers vignettes emphasizing the banter at the counter between waitresses and customers. The change reflects research from focus groups that showed consumers didn't think of the chain as a family restaurant, its previous moniker, according to Frances Allen, Denny's chief marketing officer. The New York Times (free registration) (2/1) | Career Track | | | |  | |  | | | | |  |  Product Manager | EcoQue | Seattle, WA | | Vice President - Divisional Merchandise Manager | The Vitamin Shoppe | North Bergen, NJ | | Retail Consulting Affiliate | Management One | Multiple Locations, United States | | Divisional Merchandise Manager (2 positions) | Headquarters Marine Corps-Marine Corps Exchanges | Quantico, VA | | Project Manager, Multi-Channel POS | Sports Authority | Englewood, CO | | Operational Initiatives Manager | Ross Stores, Inc. | Pleasanton, CA | | Store Operations Manager - dd's DISCOUNTS | Ross Stores, Inc. | Pleasanton, CA | | Manager of New Store Openings & Operations | Ross Stores, Inc. | Pleasanton, CA | | Vice President, Sterling | Sterling Shoes Inc. | VANCOUVER, Canada | | Associate Buyer - International & Offshore Markets (Bilingual Spanish required) | OfficeMax | Naperville, IL | | Divisional Merchandising Manager - Men's Sportswear | Stein Mart | Jacksonville, Florida, FL | | Divisional Merchandising Manager - Home Decor & Gifts | Stein Mart | Jacksonville, FL | | Telecom Business Manager | AAFES | Okinawa, Japan | | 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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