Friday, May 27, 2011

Luxury chains see potential in expanding outlet stores

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May 27, 2011News for the retail industry

  Industry Watch 
 
  • Target signs leases on more than 100 locations in Canada
    Target is making progress in its efforts to expand its footprint into Canada by announcing it has signed leases for 105 locations. The Canadian Target stores' prices will reflect local market conditions, according to the company, but have not yet been set. "It's early for us to determine what the prices will be at the item level," said Tony Fisher, president of Target Canada. The Toronto Star (5/26) LinkedInFacebookTwitterEmail this Story
 
  • Other News
Retailers need to maximize profits from every inch of their retail stores in order to meet heightened expectations for personalized customer service and improve the profitability of their stores. Learn more about maximizing space utilization while localizing and tailoring assortment mix, pricing, and promotions in this free white paper.
  Retail trends 
 
  • Luxury chains see potential in expanding outlet stores
    Saks, Neiman Marcus, Nordstrom and Bloomingdale's all have plans to open more outlet stores, saying there's still plenty of potential to reach aspirational shoppers with lower-priced versions of their high-end fashions, which are different enough to avoid cannibalizing business at full-price stores. "I don't think we are close to the point where you have too many," Saks CEO Steve Sadove said. Reuters (5/26) LinkedInFacebookTwitterEmail this Story
  • Clothing companies hire "deconstructors" to help cut costs
    Rising material prices have apparel makers scrambling to find ways to cut costs on their finished products, including hiring "deconstructors" such as Peter Brown, who tear pieces apart and figure out how to put them together using fewer and cheaper materials. Fabric accounts for about half the price of a finished garment. "For big apparel companies that make hundreds of thousands of men's suits a year, saving 20¢ or 50¢ a garment is a lot of money," said suit designer Salvatore Giardina. Bloomberg Businessweek (5/26) LinkedInFacebookTwitterEmail this Story
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  Retail Technology 
  • Gap aims to build all its brands with mobile-optimized site
    Gap has optimized its website for mobile shoppers, aiming to boost sales across all its brands and channels by making it easier for consumers to access product information wherever they are. Smartphone users enter the site using their Web browsers instead of an application, and from there they can search for online and in-store products at Gap's five top brands. MobileCommerceDaily.com (5/26) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Policy & Government Affairs 
 
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  NRF News 
  • How mobile devices impact Facebook, Twitter use
    As more Americans carry iPhones and Androids with them everywhere, accessing social networking sites like Facebook and Twitter become easy ways to pass the time or share experiences, according to a joint research project by Shop.org, comScore and Social Shopping Labs. The study, conducted in April of this year, also outlines what shoppers really want from retailers' Facebook pages and addresses the awareness and popularity of group-buying sites. Read more. LinkedInFacebookTwitterEmail this Story
 
  • Loss Prevention Conference attendees to wine & dine at Dallas Cowboys Stadium
    Football may be in the off-season, but retail executives can still storm the field at this year's Loss Prevention Conference & EXPO in Dallas. NRF has confirmed that the Tuesday night networking reception and dinner of this year's LP conference will be held at the Dallas Cowboys Stadium. At the event, meet the Dallas Cowboys cheerleaders, have your photo taken on the 50-yard line, and see yourself on the world's biggest JumboTron as you enter the field from the player's tunnel. Join more than 2,600 LP professionals for unparalleled education by day and the experience of a lifetime at night. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Starbucks balks at Borders' plan to end cafe licenses
    Seattle's Best owner Starbucks has filed an objection to bankrupt bookstore chain Borders' plan to end licensing agreements for in-store branded coffee shops across the country. Seattle's Best, which says Borders currently owes it about $5 million in trade debt, argued in a bankruptcy court filing the retailer isn't entitled to end licensing deals and continue to use its trademarks and products. The Detroit News/Bloomberg (5/26) LinkedInFacebookTwitterEmail this Story
  • Jack in the Box finds post-recession comeback a tough climb
    Remodeled stores and revamped menus haven't been enough to send Jack in the Box springing back from the recession. The chain's target audience of 20-something men is still struggling with high unemployment and an onslaught of newer chains such as Chipotle are hindering the 2,200-store chain's efforts to revamp its aging brand. "They need to find a way to differentiate themselves. If you think of Jack in the Box, I'm not sure what you think of anymore," said Technomic analyst Darren Tristano. Los Angeles Times (5/27) LinkedInFacebookTwitterEmail this Story
  Editor's Note 
  • SmartBrief will not publish Monday
    In observance of Memorial Day in the U.S., SmartBrief will not be published Monday, May 30. Publication will resume Tuesday. LinkedInFacebookTwitterEmail this Story
Senior Vice President, Communities & Networks and Executive DirectorShop.orgWashington, DC
Web Project ManagerThe Wet Seal, INCFoothill Ranch, CA
Director of Real EstateTeavanaAtlanta, GA
Divisional Merchandise Manager, ConsumablesHeadquarters Marine Corps, MCCSQuantico, VA
Learning Solutions Manager - Southwest (Training Manager)PetsmartSouthern California , CA
Director of RetailWisteriaDallas, TX
Planogram SpecialistAAFESDallas, TX
Entry Level Culinary Full TimeWegmans Food MarketsBridgewater , NJ
Entry Level Culinary Part TimeWegmans Food MarketsOcean , NJ
Cook III Full-Time Customer ServiceWegmans Food MarketsBridgewater, NJ
Director of Talent Acquisitionrue21Warrendale, PA
Retail Marketing ManagerL.L.BEANFreeport, ME
Fashion BuyerTargetMinneapolis, MN
Purchasing Buyer, National AccountsBed Bath & BeyondUnion, NJ
Senior Merchandise Planning AdministratorHeadquarters Marine Corps, MCCSQuantico, VA

  SmartQuote 
A man who has nothing to do with his own time has no conscience in his intrusion on that of others."
--Jane Austen,
British author


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