| March 25, 2011 | News for the retail industry |  |  | |
- Retired Neiman Marcus CEO keeps his hand in the luxury game
Nurturing relationships with aspirational shoppers is vital for luxury retailers looking to attract the next generation of big spenders, retired Neiman Marcus CEO and Chairman Burt Tansky told students this week at the Luxury Education Foundation's "Conversations on Luxury" at Columbia University Business School. Tansky also offered a long list of predictions about the luxury market, including his belief that smaller Chinese cities will provide new opportunities for designers. Women's Wear Daily (subscription required) (3/25)       - Drugstore.com acquisition will speed up Walgreen's online growth
 At first glance it might seem that $429 million is a hefty price for Walgreen to pay to acquire Drugstore.com, but the move makes sense from a competitive aspect, writes John Jannarone. Acquiring the online drugstore that already sells 60,000 products and boasts nearly 4 million monthly visitors is faster than trying to build a similar store in-house, at a time when large rivals including Amazon are rapidly ramping up their sales of non-media offerings. The Wall Street Journal/Heard on the Street (3/25) - Benetton launches concept store in New Delhi
Benetton has opened a concept store in New Delhi's Connaught Place that is in line with the Italian fashion retailer's outlets in other major cities, including London, Paris, Istanbul and Frankfurt. The New Delhi store is part of Benetton's Opening Soon programme, which includes the implementation of new design and architectural concepts in its retail spaces in major global cities. IndiaRetailing.com (3/24)  | To become a top-performing distributor, you must:
• Achieve 98% inventory accuracy.
• Reach 95% on-time and complete shipment rates.
• Maintain 12-hour order-to-shipment cycle times.
• Achieve 13% cycle-time reductions from ERP use.
Distributors, how do you stack up against top performers? View the Aberdeen webcast to find out. | - Retailers find shoppers see Easter as the start of spring
Easter may be a religious holiday, but for many consumers it also symbolizes the start of spring -- along with spring shopping. Americans spent an average of $19 on spring clothing while shopping for Easter candy and food last year, according to NRF figures. "We've found that millions of Americans head out every spring to buy not only Easter-related products, but to buy new spring apparel," said NRF spokeswoman Kathy Grannis. TheStreet.com (3/24) - Retailers expect uptick when taxpayers start spending refunds
About 42% of U.S. consumers plan to bank their tax refund checks this year, according to an NRF survey, but a sizeable number will spend at local retail stores. "Some people will even come in early and plan how to spend their refund," said Ronnie Varner, whose Appliance Land store in Martinez, Ga., typically sees an increase in sales this time of year. The Augusta Chronicle (Ga.) (3/25) - Private labels' market share will double, Rabobank says
Rabobank predicted in a report that private-label products will make up half of the packaged-food market within 15 years, as their market share doubles worldwide. "Indirectly, the effects of the recession will fuel further private-label expansion across the globe for years to come," wrote Sebastiaan Schreijen, associate director of processed food and retail for Rabobank. Reuters (3/24)  | Akamai - The Right Partner with the Right Solution
Are you failing to to satisfy user expectations for an outstanding online shopping experience? Do you need to accelerate your dynamic content? Do you strive to be a retailer that pushes the envelope with site technology and offerings? Learn why the Akamai Dynamic Site Accelerator is the right solution for those issues and more. |
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| NRF News |  | | | - A global look at retail advertising
From magazines to banner ads, there are more opportunities for retail advertising today than ever before. That certainly doesn't mean retailers are trading in the old for the new. NRF asked retail executives from the U.S., South Africa and the U.K. to share their views on current trends and opportunities in advertising -- and an interesting dialogue on the capabilities of print and digital emerged. Watch the video. - NRF focuses on crisis planning with 2011 LP events
The retail industry plays a major role in the response to natural disasters, such as the earthquake and tsunami in Japan. For U.S. retailers, now is the time to ensure your company is fully prepared in the event of any type of crisis. Together with federal and state law enforcement agencies, NRF will host a webinar April 1 on the National Level Exercise -- a nationwide full-scale test of federal crisis plans. Additionally, NRF will focus attention on crisis response to natural disasters at this year's Loss Prevention Conference June 13-15 in Dallas. Learn more.
| Chain Restaurant News | | | | - Bruegger's CEO discusses multibrand strategy
Vermont-based Bruegger's was a struggling 20-year-old bagel chain when Sun Capital Partners acquired it in 2003. The new owners turned things around, and last week's sale to the American arm of Paris-based Groupe Le Duff makes the brand part of one of the world's largest bakery cafe companies and brings key opportunities for co-branding stores in markets where it makes sense, CEO Jim Greco said. "The multibrand strategy is about having the right brand in the right market," he said. SmartBrief/SmartBlog on Restaurants (3/25) | Career Track | | | |
 | |  | | | | |  |  Merchant Opportunities at Kohl's | Kohl's | Menomonee Falls, WI | | Senior Buyer, Sports & Outdoors | Amazon.com | Seattle, WA | | Senior Marketing Manager | Stage Stores, Inc. | Houston, TX | | Director of Customer Loyalty | Aeropostale | New York, NY | | Vice-President 24HourFitness.com | 24 Hour Fitness | San Ramon, CA | | Regional Retail Point of Sale (ROPS) Coordinator/NTE 2 years | Headquarters, MCCS | Quantico, VA | | Industrial Engineer LOGS | Walmart | Bentonville, AR | | Sr. Strategy Project Manager, Logistics | Walmart | Bentonville, AR | | Senior Planner, Various Categories | Walmart | Bentonville, AR | | Replenishment Manager | Walmart | Bentonville, AR | | Distribution Center Area Director | PetSmart | Atlanta, GA | | Senior Project Manager | PetSmart | Phoenix, AZ | | Senior Marketing Manager, Search Engine Optimization | macys.com | San Francisco, CA | | Energy Manager | Tractor Supply Company | Brentwood, TN | | General Manager, Merchandise | Smithsonian Enterprises | Washington, DC | | Retail Manager | Tri-County Feeds | Marshall, VA | | Inventory Manager | Tractor Supply Company | brentwood, TN | | | |  | |  |
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--Lucy Maud Montgomery,
Canadian author  |
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- Tuesday, March 22, 2011
- Monday, March 21, 2011
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