Tuesday, June 21, 2011

Borders aims to sell itself by the end of July

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June 21, 2011News for the retail industry

  Industry Watch 
 
  • J.C. Penney sets hand-off date
    J.C. Penney's outgoing CEO Myron "Mike" Ullman will only split the chief duties for a three-month transition period when former Apple executive Ron Johnson takes office on Nov. 1, the company said Monday. On Feb. 1, Ullman will step down as executive chairman and leave the company, handing the remainder of the CEO duties to Johnson. Reuters (6/20), The Wall Street Journal (tiered subscription model) (6/21) LinkedInFacebookTwitterEmail this Story
  • Borders aims to sell itself by late July
    Borders Group plans to name a "stalking horse" bidder by July 1, hold an auction afterward and close the deal by July 29, according to bankruptcy filings. The company is hoping for an auction winner that plans to keep the bookstore open. If not, Borders will proceed with liquidation. The Detroit News (6/20) LinkedInFacebookTwitterEmail this Story
  • LittleMissMatched to add 6 new stores this summer
    LittleMissMatched, the children's apparel store that started selling packages of mismatched socks and has expanded into children's apparel and furniture, plans to open six new stores this summer in New York, New Jersey, Minneapolis and Massachusetts. In addition to its Fifth Avenue flagship in New York City, the chain operates stores at Disneyland and Disney World, and sells its products at Babies R Us and Bed, Bath & Beyond. Crain's New York Business (6/20) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail trends 
 
  • Changes in China mean higher U.S. prices
    China's workers are demanding higher wages and increasingly spending more of their pay on the consumer goods produced in their country's factories, two facts that are likely combining to put an end to lower apparel prices in the U.S. and may threaten the Federal Reserve's ability to control inflation in the coming years, this article says. U.S. apparel and footwear prices are on track to rise between 4% and 6% this fall, according to some estimates. The Wall Street Journal (tiered subscription model) (6/21) LinkedInFacebookTwitterEmail this Story
  • How social media crowdsourcing can create retail efficiencies
    Social media sites that give designers the ability to interact and seek input from consumers about what they're looking for in next season's designs is leading to more engaged buyers and less waste at both the manufacturing and retail levels. "Fashion is morphing into a two-way dialogue," says Vivian Weng, co-founder of fashion site FashionStake. Yahoo!/Mashable (6/19) LinkedInFacebookTwitterEmail this Story
Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now.
  Retail Technology 
 
  • Wal-Mart wades into online shopping for grocery delivery
    Wal-Mart Stores is testing an online system for grocery delivery. Walmart to Go allows customers to shop at Walmart.com and have items delivered. The test, in San Jose, Calif., includes perishable food such as meat and seafood as well as frozen items and health and beauty supplies. If the program expands, Wal-Mart will compete with Peapod and Amazon Fresh. Fox Business/Reuters (6/20) LinkedInFacebookTwitterEmail this Story
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  Main Street 
 
  • How iPads lifted burden from team's shoulders
    Tennessee-based apparel manufacturer Tom James Company has cut 15 to 20 pounds from the load each salesperson has to carry by outfitting its 450-person sales force with iPads loaded with the company's entire catalog. The system also allows access to the back-office systems, including each customers' order history. BusinessNewsDaily.com (6/20) LinkedInFacebookTwitterEmail this Story
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  Policy & Government Affairs 
  • Retailers to lobby lawmakers on swipe fees, tax issues
    On the eve of the release of new debit-card swipe fee rules, retailers plan to lobby both houses of Congress on that issue as well as other areas of interest, including simplifying the tax code and free-trade issues. "Retailers will meet face to face with lawmakers to urge them to stay the course on swipe fee reform, address uncertainty by tackling tax reform and promote growth through trade agreements," said NRF President and CEO Matthew Shay. The Hill/On The Money blog (6/20) LinkedInFacebookTwitterEmail this Story
  Sponsored Content 
 

  NRF News 
  • The hot topics at this week’s Washington Leadership Conference
    NRF’s 76th Annual Washington Leadership Conference -- held this week in our nation’s capital -- will include keynotes by Sen. Dick Durbin and author Bob Woodward, meetings with legislators and briefings by top retail lobbyists. In a quick video, NRF’s chief lobbyist David French details the highlights of what this week’s fly-in will include -- and exactly how it will impact our leaders in Washington. Watch the video. LinkedInFacebookTwitterEmail this Story
 
  • ARTS announces third annual User’s Conference in Orlando
    Retailers and solution providers, join NRF’s Association for Retail Technology Standards at its third annual Users’ Conference, Sept. 25-27, in Orlando, Fla. The conference will focus on best practices and tactics for the utilization of ARTS standards or standards-based products to optimize IT investment. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
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Vice President, Real EstateEarls Restaurant LtdVancouver, Canada
Retail Training & Development ManagerGoodwill Industries of the Southern RiversColumbus, GA
Manager IS Data Center & WindowsPetSmartPhoenix, AZ
Store Software Applications ArchitectPetSmartPhoenix, AZ
Senior Manager Retail MarketingThe Timberland CompanyStratham , NH
District Manager NY/ NJSaks Fifth Avenue OFF 5THNew York, NY
Sales Associate - Stylist - ConciergeSaks Fifth AvenueNew York, NY
Licensed Product ManagerHarley-DavidsonMilwaukee, WI
Fashion BuyerTargetMinneapolis, MN
Project ManagerLimited BrandsColumbus, OH
Manager General Merchandise #792BRHarley-DavidsonMilwaukee, WI

  SmartQuote 
When a gifted team dedicates itself to unselfish trust and combines instinct with boldness and effort, it is ready to climb."
--Pat Riley,
American professional basketball coach


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