Friday, June 3, 2011

Sears VP represents NRF in Congressional tax hearings

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June 3, 2011News for the retail industry

  Industry Watch 
  • Retail security in the decade after 9/11
    Malls and retail chains have dramatically revamped their security measures in the almost 10 years since the terrorist attacks of Sept. 11, 2001, using a combination of additional personnel, new technology and stronger collaboration with law enforcement agencies. The shift actually began in 1999, in response to Y2K concerns and the tragedy at Columbine, Colo., but really kicked into high gear with the 2002 creation of the Department of Homeland Security, says NRF's Joe LaRocca. STORES magazine (6/2011) LinkedInFacebookTwitterEmail this Story
  • Sam's Club debuts 3 private-label lines
    Sam's Club has created three new in-house brands as part of a push to build on the sales growth the Wal-Mart-owned warehouse chain has enjoyed for the past 15 months. Artisan Fresh baked goods, Simply Right personal care products and Daily Chef grocery items are due in all 600 stores by October, the company said. MSNBC/The Associated Press (6/2) LinkedInFacebookTwitterEmail this Story
  • Target looks beyond China for sourcing
    Target in Australia said it has "started to move out of China" for procuring goods and has established a new division to tap Bangladesh and India for cheaper sourcing. Other retailers are also forgoing China as climbing wages are starting to erode the country's status as the factory for the world. The Sydney Morning Herald (Australia) (6/3) LinkedInFacebookTwitterEmail this Story
 
  • Other News
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  Retail trends 
 
  • Apparel manufacturing growth slowed in May
    Apparel manufacturing grew at a slower pace in May compared to the previous month, as the growth of new orders slowed and commodity and fuel costs continued to rise, according to a survey by the Institute for Supply Management. "A general comment [from an apparel executive] was they were seeing some increase in business, but a lot of it was last-minute orders," said ISM's Bradley Holcomb. Women's Wear Daily (subscription required) (6/2) LinkedInFacebookTwitterEmail this Story
  • Rodeo Drive merchants honor retail district's founding father
    Rodeo Drive in Beverly Hills, Calif., was a plain old city street when Fred Hayman opened his Giorgio Beverly Hills shop in 1964, but his efforts to promote the fledgling district paid off during the ensuing decades as luxury merchants followed his lead. This week, his fellow merchants honored the 86-year-old entrepreneur with a Rodeo Drive Walk of Style award. Yahoo!/The Associated Press (6/1) LinkedInFacebookTwitterEmail this Story
  • Other News
How do you stay ahead of the curve and remain in the black while consumers continue to be frugal in these difficult times? Find out how product lifecycle management solutions are helping manufacturers maximize production efficiencies, reduce time to market, and solve design and production problems before they reach the prototype stage.
  Retail Technology 
 
  • Groupon looks to raise $750 million with IPO
    Groupon has filed to go public Thursday, in an offering it expects to raise up to $750 million. The documents reveal the rapid growth of the daily deal provider, with revenue hitting $644.7 million in the first quarter of 2011, but the growth has come at a high price. Groupon reported a net loss of $413.4 million last year and $113.9 million in the first three months of this year, spurring some industry watchers to wonder whether the tech industry is in the midst of a new bubble. Yahoo!/Agence France-Presse (6/2), The Wall Street Journal (tiered subscription model) (6/3) LinkedInFacebookTwitterEmail this Story
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  Policy & Government Affairs 
 
  • Sears VP represents NRF in Congressional tax hearings
    Sears Holdings Vice President James Misplon testified on behalf of NRF and its members in front of the House Ways and Means Committee on Thursday, urging lawmakers to explore options for corporate tax reform that will create jobs and boost the economy. Retailers currently pay the highest effective federal tax rates of any industry, and lower rates under tax reform would result in lower prices to the consumer, a shift likely to spur sales and job growth, according to NRF data. Dow Jones Newswires (6/3), Retailing Today (free registration) (6/2) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • Swipe fee fight heats up in ten states, and we need your help
    This week, NRF continued its massive swipe fee reform campaign in ten states, including Montana, North Carolina, Maine and West Virginia, with targeted radio ads highlighting key lawmakers' stances on the issue -- and state publications took notice. In a recent blog post, NRF's Margaret Little highlights the state and national coverage of NRF's 60-day campaign to preserve swipe fee reform -- and outlines how retailers can easily make their voice heard. Read more. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: June 3, 2011
    The number of people planning to give cash as a graduation gift is the lowest it has been in the survey's five-year history. Source: NRF survey conducted by BIGresearch. LinkedInFacebookTwitterEmail this Story
 
  • Pier 1 Imports CIO to headline NRFtech 2011
    Registration has officially opened for NRFtech 2011, the premier technology leadership event of the year. This year's event will feature Andrew Laudato, senior vice president and chief information officer of Pier 1 Imports, as the official emcee. During the conference, Aug. 14-16 at the Hyatt Regency Resort and Casino in Lake Tahoe, Nev., Laudato will share his insights on how to create productive technology systems that support innovative retail concepts. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • Johnny Rockets CEO shares success secrets
    Johnny Rockets began 25 years ago and has since become a successful 300-store chain by sticking to its simple menu and the operating formula it's had since the start, says CEO John Fuller. In this interview, Fuller discusses the global expansion path that's put the chain in eight new countries during the past three years and talks about how Johnny Rockets is coping with inflation and higher food prices. CNBC/NetNet (6/2) LinkedInFacebookTwitterEmail this Story
 
  • Starbucks trades Hong Kong for mainland China
    Starbucks sealed a deal to gain more control over its growing presence in mainland China, taking 100% ownership of 250 stores in six provinces in exchange for ceding ownership of its 100 Hong Kong outlets to partner Maxim, which has owned a 30% stake in the China stores since 2002. Late last year, Starbucks set up a coffee farm and processing facility in China, and announced plans to grow to more than 1,000 stores there. The Wall Street Journal (tiered subscription model) (6/3) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If you want to annoy your neighbors, tell the truth about them."
--Pietro Aretino,
Italian author, playwright, poet and satirist


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