 | May 10, 2011 | News for the retail industry |  |  | |
| Industry Watch |  |  | | - Prada to open its first shop in Arizona
Prada plans to open its first store in Arizona later this year. The shop planned for Scottsdale Fashion Square may find pent-up demand among Prada fans who have seen the company's department store lines dwindle. The luxury retailer has pulled back on its offerings at upscale retailers including Neiman Marcus, Saks and Barneys amid concerns that department-store discounting may cheapen the brand. The Arizona Republic (Phoenix) (5/9)       | Hire like the Fortune 500 with half off a LinkedIn job posting. Get great applicants—3 times higher quality than those from traditional job boards—from LinkedIn's 100-million-member-strong professional network. Pay $97 (50% off the usual $195) and watch your listing go viral. View this bizy deal. |
 - Store designers think ahead to accommodate aging seniors
 Aging baby boomers will push the number of Americans older than 65 about 30% higher in the next decade, a statistic that has retail chains looking at making changes to meet the needs of older shoppers. Designers are looking at everything from trading gleaming floors for something less likely to cause falls to rearranging counters and shelves to make it easier to reach products. NPR.org (5/10) - Report: Higher apparel inventories could mean more discounts
Apparel and shoe manufacturers have increased inventories, which could result in greater discounting later this year if merchants don't see sufficient demand for the goods, according to a report from Citigroup. Some, including VF Corp., have spent more to beef up inventories now in anticipation of higher cotton prices, but the strategy could leave them stuck if fashion trends dictate changes later this year. MarketWatch (5/9)  | Help protect your employees by managing business travel risks with Zurich's white paper 'Managing the Risks of Business Travel: What every business needs to know'. Click here for the FREE download! |
 - Macys.com sees success with data management solution
During the downturn, Macys.com made the decision to invest in a new system that would provides key metrics much faster. The website has seen success, and the department store chain now plans to roll it out to manage inventories across all sales channels. "It doesn't matter where the inventory comes from. It's an unlimited pool and we want to be able to get merchandise to customers no matter where it is," said director of merchandise analytics Jinny Uppal. STORES magazine (5/2011)  | Increase Planning Efficiency and Precision
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 - Are banks becoming passé for business loans?
Thanks to "crowd-funding," peer-to-peer lending and other innovative financing options, more small businesses are finding they can bypass the bank, Laura Petrecca writes. Programs such as Lending Club and Kickstarter use the reach of the Web to match owners with investors who believe in their ideas. But as such programs multiply, more scams are sure to follow, warns lawyer Andrew Sherman. "Any time you have small-business owners desperate for capital there are going to be people with high moral ethics and integrity -- and there are going to be bottom feeders," Sherman says. USA TODAY (5/9)  | 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. |
| NRF News | | | | - NRF video explains why consumers pay more everywhere they shop
Due to inflated costs associated with hidden swipe fees, consumers pay more at the doctor's office, more at restaurants, more at grocery stores -- more everywhere they shop, says NRF General Counsel Mallory Duncan in a recent video on swipe fees. Duncan explains how current swipe fees account for $2 out of every $100 American spend, or $427 per household each year. Federal legislation enacted last year could reduce these fees -- but the fight isn't over yet. Watch the video. - NRF backs repeal of health care employer mandate
Recently introduced Congressional legislation aimed at repealing the employer mandate provision of last year's health reform law has the full endorsement of the nation's largest trade association. "Additional health care costs cannot be absorbed," said NRF's David French in a letter to the chairman of the House Ways and Means Oversight subcommittee. "Our members are already reporting fewer hires, franchises and other retail store openings as a consequence." The American Job Protection Act, introduced last week, would use an amendment to the tax code to repeal a requirement that companies with 50 or more full-time workers provide insurance or face penalties for failing to do so. Read more.
| Chain Restaurant News | | | | - Yum! Brands works to make good on green goals
 Yum! Brands is taking sustainability seriously as it expands around the globe, with commitments to reduce its environmental impact largely by using new technology designed to cut water and power usage, writes Chief Sustainability Officer Roger McClendon in this guest post on SmartBlog on Restaurants. Last month, the company opened its first "certifiably green" KFC unit in Indianapolis, designed to use 25% less water and electricity than traditional restaurants. SmartBrief/SmartBlog on Restaurants (5/10) - Quickservice industry fights "Happy Meal" laws state by state
The quickservice industry has launched a lobbying effort to convince state lawmakers to pass measures to prevent local governments from regulating restaurant marketing giveaways, a reaction to a San Francisco law passed last year to ban toys from children's meals that don't meet strict nutritional guidelines. Arizona is the first state to pass a law to prevent local governments from regulating giveaways of toys, crayons, prizes and other trinkets to their youngest guests. Reuters (5/9)  | |  | | | | |  |  Stationery Buyer | Five Below, Inc. | Philadelphia, PA | | Web Project Manager | The Wet Seal, INC | Foothill Ranch, CA | | Director of Real Estate | Teavana | Atlanta, GA | | General Manager, Retail E-Commerce & Catalog | Smithsonian Enterprises | Washington, DC | | Senior Financial Analyst | Art Van Furniture | Warren, MI | | Tax Senior | PetSmart, Inc. | Phoenix, AZ | | Telecom Business Mgr-OCONUS | AAFES | Okinawa, Japan | | Store Software Applications Architect | PetSmart | Phoenix, AZ | | Director of Talent Acquisition | rue21 | Warrendale, PA | | Merchandise Planner Analyst | Headquarters Marine Corps, MCCS | Quantico, VA | | Senior Corporate Internal Auditor | PetSmart, Inc. | Phoenix, AZ | | Director Talent Acquisition | PetSmart | Phoenix, AZ | | Director of Store Operations | Five Below, Inc. | Philadelphia, PA | | Retail Store Manager | Kitty Hawk Kites/Kitty Hawk Surf Company | Rodanthe, NC | | Online Business Manager | Spencer Gifts | Egg Harbor Township, NJ | | DVP Real Estate | Spirit Halloween | Egg Harbor Township, NJ | | Marketing Manager Coupon Team | Target | Minneapolis, MN | | Senior Manager, Site Planning | Target | 55402, MN | | Business Process Consultant Target.com | Target | Minneapolis, MN | | | |  | |  |
| SmartQuote | | | |  | A good question is never answered. It is not a bolt to be tightened into place but a seed to be planted and to bear more seed toward the hope of greening the landscape of idea."
--John Anthony Ciardi,
American poet, translator and etymologist  |
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The average 2010 online marketing budget for multichannel retailers surveyed was $7.3 million. Source: 
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