Tuesday, June 7, 2011

Senate Democrats are split over swipe fees

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June 7, 2011News for the retail industry

  Industry Watch 
 
  • Senate Democrats are split over swipe fees
    Democratic lawmakers in the Senate are divided over a bill, which could come to a vote this week, that would delay new rules passed last year that cap swipe fees banks can charge merchants. "A populist Democrat like Jon Tester has a difficult dilemma," said NRF lobbyist David French. "How does he explain voting with MasterCard and Visa, which are located in San Francisco and New York, and voting against consumers and retail merchants in Montana?" Politico (Washington, D.C.) (6/7) LinkedInFacebookTwitterEmail this Story
  • J.C. Penney launches designer competition on YouTube
    J.C. Penney has turned over its YouTube channel to a design competition in partnership with apparel line Bisou Bisou and the Fashion Institute of Design and Merchandising. The Runway Your Way Design Challenge lets YouTube viewers vote on their favorite entries from fashion students charged with designing runway styles for "today's modern woman," the company says. ClickZ (6/6) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart Wireless concept to be in 350 stores by year's end
    Wal-Mart, which last fall began rolling out 2,000-square-foot, in-store mobile specialty shops in 200 of its retail supercenters, is expanding the concept to 150 more big-box locations this year. The Wal-Mart Wireless stores offer smartphones, cellphones and a variety of service plans, including the company's Common Cents and Family Mobile offerings. TWICE (6/6) LinkedInFacebookTwitterEmail this Story
  • Benetton begins a new phase
    Rather than try and compete with the new crop of fast-fashion players, 46-year-old Benetton has embarked on a new era that borrows heavily from the upscale casual wear brand's history, led by former Levi's VP You Nguyen as top designer and chief merchandising officer. "All of the company's efforts were design-driven, with a very definite language and discipline. This is not only about doing sweaters in 26 colors, anyone can do that, it's a more thought-out process, with the discipline of a painter." Women's Wear Daily (subscription required) (6/6) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail trends 
  • Suits to get more expensive as wool prices rise
    Droughts and flooding that have disrupted Australia's sheep business during the past few seasons have decreased global wool supplies just as demand is rising, and the combination drove a 74% price increase during the past year. For retailers and consumers, that means potentially higher prices suits, socks and sweaters. The Independent (London) (6/6) LinkedInFacebookTwitterEmail this Story
  • Chinese apparel brands aim to capture fashion-conscious customers
    Chinese fashion brands including JNBY, Ochirly, Meters/bonwe and Youngor have been improving the quality of their clothing as part of a push to improve the reputation of the "Made in China" label and keep more of consumers' new wealth at home. European chains including Zara and H&M are seeing business boom in China, as consumers increasingly have the money to buy what they want as well as what they need. The Globe and Mail (Toronto) (6/6) LinkedInFacebookTwitterEmail this Story
 
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  Retail Technology 
  • How smartphones are changing the in-store experience
    Some retail chains are working quickly to change the in-store experience to meet the demands of mobile-savvy consumers who increasingly see their gadgets as an integral part of the shopping experience, whether they're buying a shirt at Nordstrom or searching for just the right screw at Home Depot. The shift takes power from manufacturers and gives more to the merchants, some experts say. The Denver Post (6/6) LinkedInFacebookTwitterEmail this Story
  Main Street 
  • States take back tax credits in their search for cash
    U.S. state governments are deciding they can't afford the tax breaks they've been giving to businesses and individuals. Michigan has eliminated several tax breaks, and the Oklahoma Legislature formed a committee to review that state's tax incentives. In Ohio, three think tanks proposed reconsidering tax credits as the state tries to close its $8 billion budget deficit. USA TODAY (6/5) LinkedInFacebookTwitterEmail this Story
  • Other News
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Interested in learning more about advertising in NRF SmartBrief? Contact Susan W. Kim at (202) 407-7877 or skim@smartbrief.com.  

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  NRF News 
  • CNBC documents dangers and realities of organized retail crime
    After working in tandem with NRF for over six months, an hourlong journey into the workings of organized retail crime rings will air tomorrow, June 8, on CNBC. Featuring exclusive interviews with retailers and law enforcement officials, the documentary "Crime Inc: Stolen Goods" offers an inside look at organized retail crime raids and cases. In a recent blog post, NRF's Joe LaRocca shares insight on how the episode came about and shows a preview of the piece. Watch the preview. LinkedInFacebookTwitterEmail this Story
  • NRF SmartStat: June 7, 2011
    Father's Day shoppers across the country will spend more than $650 million on sporting goods this year for Dad. Source: NRF survey conducted by BIGresearch. LinkedInFacebookTwitterEmail this Story
 
  • Has your brand attained "omni-channel" status?
    Customer expectations for a seamless shopping experience have accelerated -- how is your company keeping up? Participate in a ten-minute survey on channel behavior conducted by Retail Systems Research in partnership with NRF and receive a copy of the resulting benchmark study. Take the survey. LinkedInFacebookTwitterEmail this Story
Learn more about NRF ->Join NRF  |  Govt Relations  |  NRF Events  |  STORES  |  NRF Foundation

  Chain Restaurant News 
  • 4 chains return to Orlando after leaving years ago
    Bennigan's, Schlotzky's, Del Taco and Bruegger's are all chains that closed up shop in Orlando years ago and are now poised to relaunch in the tourist area amid an improving economy. For Bennigan's, which closed many of its U.S. locations nationwide after a 2008 bankruptcy filing and has since revamped its concept, Orlando offers an opportunity "for all those thousands of eyes to see the new Bennigan's," said the chain's CEO Paul Mangiamele. Orlando Sentinel (Fla.) (6/4) LinkedInFacebookTwitterEmail this Story
  • Other News
Associate BuyerDreams RetailNorthbrook, IL
Retail Sales DirectorBoConcept USA, Inc.Bayonne, NJ
Senior Vice President, Communities & Networks and Executive DirectorShop.orgWashington, DC
Divisional Merchandise Manager, ConsumablesHeadquarters Marine Corps, MCCSQuantico, VA
Retail Training & Development ManagerGoodwill Industries of the Southern RiversColumbus, GA
Licensed Product ManagerHarley-DavidsonMilwaukee, WI
Senior Manager Retail MarketingThe Timberland CompanyStratham , NH
Financial Analyst IIIPetSmart, Inc.Phoenix, AZ
Vice President, Real EstateEarls Restaurant LtdVancouver, Canada
Merchandise BuyerFive Below, Inc.Philadelphia, PA
Merchandise Planning AdministratorHeadquarters Marine Corps, MCCSQuantico, VA
Learning Solutions Manager - Southwest (Training Manager)PetsmartSouthern California , CA
Director of RetailWisteriaDallas, TX
Fashion BuyerTargetMinneapolis, MN
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
Retail Marketing ManagerL.L.BEANFreeport, ME
Senior Merchandise Planning AdministratorHeadquarters Marine Corps, MCCSQuantico, VA
Purchasing Buyer, National AccountsBed Bath & BeyondUnion, NJ
Manager General Merchandise #792BRHarley-DavidsonMilwaukee, WI

  SmartQuote 
Change is not made without inconvenience, even from worse to better."
--Richard Hooker,
British clergyman and author


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